“This Executive Order marks a decisive and strategic step toward reshoring critical mineral production and strengthening America’s energy and national security. Demand for minerals like cobalt, nickel, and rare earth elements is accelerating at an unprecedented pace—and without urgent action, the US risks falling behind. China currently holds a dominant position in the global supply chain for these resources, and our overreliance on foreign adversaries poses a clear threat to our economic and national defense infrastructure.

“Modern life—from advanced technologies to military systems—runs on critical minerals. Yet the supply outlook shows a looming shortfall. The US outer continental shelf holds vast, untapped reserves—including many of the most vital critical minerals and all known rare earth elements. Fortunately, America’s offshore energy sector, anchored by the innovation-driven companies along the Gulf Coast, is uniquely equipped to lead in this space. These companies bring decades of experience in safely operating in complex marine environments and are ready to responsibly develop the resources we urgently need.

“This Executive Order affirms what industry has long understood: to secure our future, we must harness the full strength of our offshore capabilities. Doing so will bolster domestic supply chains, generate high-paying American jobs, and deliver the mineral resources that will power our economy and protect our security.”