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 In the US-Ukraine Minerals Deal, there are no finalized security guarantees: Zelenskyy Then-former President Donald Trump met with Ukrainian President Volodymyr Zelenskyy in New York on Sept.  27, 2024.

 Ukrainian President Volodymyr Zelenskyy stated that no U.S. security guarantees have been agreed upon in the draft minerals deal between the two nations.

 On February, during a press conference held in Kiev, 26, Zelenskyy emphasized the significance of the agreement's security assurances. “I wanted to have a sentence on security guarantees for Ukraine, and it’s important that it’s there,” he said.

 Zelenskyy emphasized that the United States' long-term military support for Ukraine must be made clear. On the same day, Ukrainian Prime Minister Denys Shmyhal announced that the draft minerals agreement was in its final stages.  He said that Ukraine would sign the agreement if the two sides agreed on security guarantees. Shmyhal noted that the Ukrainian government would approve the draft agreement later on Wednesday.

 “After the Ukrainian president and the U.S. president agree on security guarantees and how this preliminary agreement aligns with them, a representative of the Ukrainian government will sign the deal in the presence of both leaders,” he said.

 In televised remarks, he outlined the terms of the draft, stating that Ukraine would allocate fifty percent of future profits from the monetization of relevant state-owned infrastructure and natural resources. He added that a joint oversight body consisting of Ukraine and the United States would oversee these funds. “Existing deposits, facilities, licenses, and rents are not part of this discussion in the creation of this fund,” Shmyhal clarified.

 ‘Bigger Picture’

 U.S.  President Donald Trump announced on Tuesday that Zelenskyy is expected in Washington on Friday to sign the agreement.  The Epoch Times was unable to confirm whether a signing ceremony is scheduled.  When asked, the White House referred to the president’s prior statements.

 The minerals deal is seen as a crucial component in resolving the three-year conflict between Russia and Ukraine. Zelenskyy has previously emphasized that any such agreement must include concrete security commitments.

 The Financial Times was informed by Ukrainian Deputy Prime Minister Olha Stefanishyna, who is in charge of the negotiations, that the agreement goes beyond minerals and positions it as part of a larger effort to strengthen Ukraine's ties with the United States. In a recent Financial Times op-ed, U.S.  Treasury Secretary Scott Bessent framed the deal as an opportunity to attract private investment and align both countries’ long-term interests, fostering economic growth and stability in Ukraine.  He reassured that the United States would not take ownership of physical assets, but both nations would benefit from the partnership.

 “President Trump’s proposed partnership aligns the interests of the American people with those of the people of Ukraine,” Bessent wrote.  “The president recognizes that national security is built alongside economic security, and the more successful and secure postwar Ukraine is, the more both the Ukrainian people and the people of the U.S. will benefit.”

 The Extraction of Rare Earth Metals Rare earth metals—17 critical elements essential for modern technology, from electric vehicle motors to missile guidance systems—are a key component of Ukraine’s mineral resources.

 However, it might be hard to extract these resources. A Feb. 13 report from S&P Global Commodity Insights indicated that Ukraine is relying on outdated Soviet-era assessments of rare earth deposits, many of which are difficult to access.

 “Some are located behind battle lines or, in the case of one site, require advanced processing technology and a stable energy grid for extraction,” the report noted, adding that valuations are based on “decades-old data.”

 The report also stated that no commercial exploration or assessment of these deposits has been conducted in the post-Soviet era.

 S&P was informed by Morgan Bazilian, director of the Colorado School of Mines' Payne Institute for Public Policy, that he was "not aware of any significant rare earth assets or reserves in Ukraine." He declared, "This is just another breathless fantasy that we will magically solve our critical mineral constraints through a war-torn country." “The closest analogy for me is the very similar hyperbole about the trillions of dollars of minerals sitting under Afghanistan.”

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