Critical Metals Corporation's stock soared 11.77% during Monday's intraday trading session. The significant surge in the rare earth miner's shares captured market attention early in the trading day.
The rally is attributed to reports that the Trump administration is launching a strategic critical-minerals stockpile with $12 billion in seed money. The initiative, dubbed "Project Vault," aims to reduce U.S. reliance on Chinese rare earths and other critical minerals by combining $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank.
Major manufacturers including General Motors, Stellantis, Boeing, Corning, GE Vernova, and Google have signed on to participate in the project. The stockpile is designed to insulate U.S. supply chains from price volatility and supply shocks, which is seen as a positive development for domestic critical minerals producers like Critical Metals Corporation.