What is Project Vault?

The administration of U.S. President Donald Trump has unveiled Project Vault, a public-private partnership designed to create a strategic domestic reserve of critical minerals in the United States.

The initiative will be financed with $10 billion from the Export-Import Bank of the United States (EXIM) along with an additional $2 billion in private investment. Under the model, EXIM will provide long-term loans to purchase and store minerals within the country.

Project Vault aims to stockpile 60 minerals listed in the 2025 Critical Minerals List prepared by the U.S. Geological Survey. The move is intended to strengthen supply chain resilience for civilian industries, particularly those dependent on imported raw materials.

Officials described the plan as a “whole-of-government” effort to reduce reliance on foreign-controlled supply chains vulnerable to geopolitical tensions and economic coercion. The initiative is expected to complement other policy measures aimed at expanding domestic mining, refining, and processing capabilities for critical minerals.

Source: TH