Rare earth miners rise after report Trump launches $12 billion minerals stockpile

U.S.-listed shares of rare earth miners rise premarket after Bloomberg News reports that U.S. President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money

Critical Metals CRML.O climbs 6.9%; United States Antimony UAMY.N gains 4.6%

USA Rare Earth USAR.O up 6.5%; MP Materials MP.N added 3.5%

NioCorp NB.O up 6.9%; Energy Fuels UUUU.A up 2.5%

Trilogy Metals TMQ.N climbs 3.7%; Ramaco Resources METC.O gains 2.7%

The venture, dubbed Project Vault, will combine $1.67 bln in private capital with a $10 billion loan from the US Export-Import Bank to procure and store minerals for manufacturers and tech cos, the report says

The stockpile aims to shield U.S. supply chains from price volatility and reduce reliance on China

Last month, a bipartisan group of U.S. lawmakers introduced a bill to create a $2.5 billion stockpile of critical minerals, a move aimed at stabilizing market prices and encouraging domestic mining and refining