Project Vault

The Federal Government Just Created a $12 Billion Insurance Policy for American Industry

BLUF: On February 2nd, the Trump administration announced Project Vault, a $12 billion public-private initiative to stockpile all 60 critical minerals on the USGS list inside the United States, backed by the largest loan in the Export-Import Bank’s 92-year history. The program is structured as a demand-led insurance product for civilian industry. To exe…