Unveiling Project Vault: Safeguarding America's Mineral Future

President Donald Trump announced Project Vault, a critical mineral reserve aimed at shielding American businesses from supply shortages. The initiative includes $10 billion in EXIM financing and $2 billion from the private sector. More international partnerships will be detailed soon, according to officials.

In a bold announcement on Monday, U.S. President Donald Trump unveiled Project Vault, a strategic initiative to establish a critical mineral reserve. The project aims to ensure that American businesses and workers are safeguarded against any potential mineral shortages.

The ambitious plan is set to combine $10 billion in financing from the Export-Import Bank of the United States (EXIM) with an additional $2 billion sourced from private-sector contributions, Trump revealed at a White House briefing.

U.S. Secretary of the Interior Doug Burgum hinted at further international collaboration, stating that 11 additional countries will be part of the initiative, with details to be released later this week.