Billionaires Fund , Massive Treasure Hunt , as Greenland Ice Melts.<br />CNN reports that some of the world's <br />ultra-rich are funding a massive treasure hunt <br />on the west coast of Greenland.<br />The well funded treasure hunt, complete with <br />helicopters and transmitters, comes as the climate crisis <br />is melting ice covering Greenland at a rapid rate.<br />According to CNN, rising temperatures have afforded investors and mining companies an opportunity to search for critical minerals needed to transition to green energy.<br />Jeff Bezos, Michael Bloomberg and Bill Gates are among the billionaires betting on finding a trove of critical minerals on Greenland's Disko Island and Nuussuaq Peninsula.<br />Jeff Bezos, Michael Bloomberg and Bill Gates are among the billionaires betting on finding a trove of critical minerals on Greenland's Disko Island and Nuussuaq Peninsula.<br />Jeff Bezos, Michael Bloomberg and Bill Gates are among the billionaires betting on finding a trove of critical minerals on Greenland's Disko Island and Nuussuaq Peninsula.<br />We are looking for a deposit that <br />will be the first- or second-largest <br />most significant nickel and <br />cobalt deposit in the world, Kurt House, CEO of Kobold Metals, via CNN.<br />According to CNN, those minerals could power hundreds of millions of electric vehicles.<br />Billionaires are backing Kobold Metals, a mineral <br />exploration company, and BlueJay Mining <br />to locate the rare and precious metals.<br />Billionaires are backing Kobold Metals, a mineral <br />exploration company, and BlueJay Mining <br />to locate the rare and precious metals.<br />CNN reports that 30 geologists, <br />geophysicists, pilots and mechanics are <br />on site at Kobald and Bluejay's search area. .<br />Rising temperatures have exposed ground that has<br /> been concealed under ice for as long as millennia and <br />could now serve as a site for mineral exploration.<br />The Geological Survey of Denmark and Greenland revealed that the area could be a hot spot for coal, copper, gold, rare-earth elements and zinc.
