09:15 AM EDT, 10/13/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) announced a $1.5 trillion plan on Monday to finance and invest in industries "critical" to national economic security, including minerals and frontier technologies.

As part of the 10-year plan, the banking giant aims to make direct equity and venture capital investments of up to $10 billion to help certain US companies improve their growth, drive innovation and accelerate strategic manufacturing. JPMorgan's ( JPM ) shares rose 1.3% in the most recent premarket activity.

"It has become painfully clear that the US has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing - all of which are essential for our national security," Chief Executive Jamie Dimon said in a statement. "America needs more speed and investment."

The announcement comes amid President Donald Trump's recent push to increase US access to rare earths minerals. The US leader on Friday threatened to impose additional 100% tariffs on Chinese goods after Beijing moved to restrict exports of rare earths minerals. However, Trump on Sunday softened his tone on the Asian country.

The lender plans to focus on the supply chain and advanced manufacturing sector, including critical minerals, the defense and aerospace industry, energy independence, and frontier and strategic technologies that include artificial intelligence, cybersecurity and quantum computing. The bank will offer advice, provide finance and in some cases investment capital to companies of all sizes in these areas.

JPMorgan ( JPM ) said it had already planned to facilitate and finance roughly $1 trillion across these industries over the next decade. The lender intends to increase this figure by up to 50%, with additional resources and capital.

"This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers," according to Dimon.

The lender is scheduled to report its latest quarterly results on Tuesday.