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

NioCorp Developments

02/02/2026 13:44

** 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

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))