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STATEMENT

Administration announced Project Vault, a $12 billion critical minerals reserve under the Export‑Import Bank

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Project Vault has been announced as a $12 billion vehicle under the Export-Import Bank.

Source summary
The U.S. hosted the Critical Minerals Ministerial in Washington on February 4, 2026, where senior officials including Vice President J.D. Vance and Secretary of State Marco Rubio outlined a U.S.-led plan to diversify and secure global critical minerals supply chains. The administration proposed a preferential trade zone with enforceable price floors and adjustable tariffs, announced Project Vault (a $12 billion strategic minerals reserve), and detailed domestic measures — investment, stockpiling, protection of mining companies, and permitting reform — to rebuild mineral production and processing. Japan and other partners endorsed diversification and multilateral cooperation through initiatives such as FORGE.
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Latest fact check

Multiple credible sources confirm that on Feb 2, 2026 the President announced “Project Vault,” a U.S. Strategic Critical Minerals Reserve funded at about $12 billion—consisting of a $10 billion direct loan approved by the Export-Import Bank (EXIM) plus roughly $2 billion in private seed funding—and overseen as a public–private initiative tied to EXIM. Verdict: True — official EXIM documentation and independent reporting (Reuters, AP) substantiate the $12 billion figure and EXIM’s role in launching Project Vault as a national strategic critical minerals reserve.

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  1. Update · Feb 05, 2026, 02:48 AMTrue
    Multiple credible sources confirm that on Feb 2, 2026 the President announced “Project Vault,” a U.S. Strategic Critical Minerals Reserve funded at about $12 billion—consisting of a $10 billion direct loan approved by the Export-Import Bank (EXIM) plus roughly $2 billion in private seed funding—and overseen as a public–private initiative tied to EXIM. Verdict: True — official EXIM documentation and independent reporting (Reuters, AP) substantiate the $12 billion figure and EXIM’s role in launching Project Vault as a national strategic critical minerals reserve.
  2. Original article · Feb 04, 2026
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