The Finding Opportunities for Resource Exploration Act allows the U.S. Secretary of the Interior to sign agreements with foreign countries to cooperatively map critical minerals and rare earth elements—materials essential for technology, defense, and clean energy. The bill aims to strengthen U.S. and allied country access to these resources by giving American and allied companies first right of refusal to develop newly mapped mineral deposits, while facilitating private investment through government financing programs. Cooperative activities include geological mapping, training programs, environmental standards guidance, and capacity building at foreign institutions. The Secretary must notify Congress at least 30 days before entering any such agreement and must coordinate with the State Department and private sector companies throughout the process. No specific funding amount or timeline is specified in the legislation.
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