Project Vault critical minerals & rare earths American businesses

POTUS: “For years, American businesses have risked running out of critical minerals during market disruptions. Today, we’re launching what will be known as Project Vault to ensure that American businesses and workers are never harmed by any shortage.”

POTUS: “Over the past year, my administration has taken extraordinary steps to make sure the United States has all of the critical minerals and rare earths that we need… Today, we’re building on these achievements with this vital new reserve.”

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Key Quotes

Transcribed from the video audio:

• For years, American businesses have risked running out of critical minerals during market disruptions
• Today, we’re launching what will be known as Project Vault to ensure that American businesses and workers are never harmed by any shortage
• We don’t want to ever go through what we went through a year ago, just as we, although it did work out
• Just as we have long had a strategic patrol and reserve and a stockpile of critical minerals for national defense, we’re now creating this reserve for American industry so we don’t have any problems
• This historic initiative will combine $10 billion dollars in export, import, bank financing with $2 billion dollars in private sector financing
• And we even expect the American taxpayer to make a profit from the interest on the loan used to start the Project Vault
• Other presidents say a lot of talking, but they didn’t do anything
• Over the past year, my administration has taken extraordinary steps to make sure the United States has all of the critical minerals and rare arts that we need
• Really, we’re expediting federal permitting
• You know, the federal permitting, and a lot of it is Lee Zeldin has been fantastic, but federal permitting is such a big deal

287 words transcribed via Whisper AI.