The War Department will invest $80 million into multiple schools of mines and metallurgy, including the Colorado School of Mines, the South Dakota School of Mines, and Johns Hopkins University.
The plan is being called Project Vault, and will utilize a mix of loans from the U.S. Export-Import bank and private capital.
AI:President Trump has announced "Project Vault," a strategic $12 billion initiative designed to stockpile critical minerals using a combination of private capital and loans from the U.S. Export-Import Bank. This program aims to secure essential resources for national security, mirroring the structure of the nation's petroleum reserves to ensure American independence from foreign dominance in the mineral sector.Open