PRESS RELEASE
24 September 2026

Herbert Smith Freehills Kramer Advises Mercuria In $500 Million Commitment To Project Vault, Aimed At Strengthening U.S. Industrial Supply Chains

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Herbert Smith Freehills Kramer LLP

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
On September 23, 2026, HSF Kramer client Mercuria, one of the world’s largest independent integrated energy and commodities groups, announced a $500 million commitment to Project Vault...
United States

On September 23, 2026, HSF Kramer client Mercuria, one of the world's largest independent integrated energy and commodities groups, announced a $500 million commitment to Project Vault, a strategic minerals reserve initiative designed to strengthen U.S. industrial supply chains. Announced in New York during the United Nations General Assembly summit, the initiative establishes a dedicated framework to ensure U.S. industry participants retain access to critical minerals during periods of supply disruption or market dislocation. Project Vault, now VaultCo, was designed by EXIM to strengthen U.S. supply chain resilience by maintaining strategic inventories on American soil.

The HSF Kramer team advising Mercuria was led by partners Robert Leung and Daniel Grossman, and included counsel Jason Hill, partners Kenneth Chin and Abraham (Avi) Reshtick, senior associate Tiancheng (T.C.) Huang and associate Marie Soga.

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
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