Yesterday, Trump announced a $12B critical minerals stockpile program (“Project Vault”) to procure and store critical minerals in the U.S.
SOSV General Partner Duncan Turner told Bloomberg that the move signals a meaningful push to build a domestic critical-minerals supply chain – opening the door for next-gen mining, processing, and refining technologies in a sector where the U.S. remains heavily dependent on China. Additionally, a federal stockpile could help stabilize the price volatility facing founders and manufacturers.
With this new policy clarity and capital support, VCs are likely to ramp up investment across the critical-minerals value chain. However, this is a space SOSV has backed for years, including companies:
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