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The SECURE Minerals Act of 2024 establishes a Critical Mineral Reserve of the United States as a non-governmental trust with $2.5 billion in initial funding to reduce U.S. dependence on foreign sources—particularly China—for critical minerals essential to defense, energy, technology, and manufacturing. The Reserve would support domestic and allied extraction, processing, recycling, and reuse of critical minerals while working to maintain domestic production at 40 percent or higher and foreign dependence at 60 percent or lower across supply chain stages. The bill creates a Board to oversee operations, requires annual independent audits, and mandates biennial reviews by the Comptroller General.
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