The Export-Import Bank is providing a $10 billion loan to Project Vault, an initiative to stockpile critical minerals. The project is the administration’s latest effort to reduce reliance on China.
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