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Not yet, based on the available evidence. U.S. rules now permit certain Venezuela-related mineral transactions, supplies and services under specific conditions, and U.S. officials have met with mining-company representatives. But those steps do not show that the U.S. government owns Venezuela’s resources, that mines have reopened, or that anyone has collected mineral revenue. The claim that Venezuela’s gold and “rare earth” reserves are worth billions is not established by the sources reviewed.
What “cash out” would mean—and who might receive the money
“Cash out” can describe several different outcomes: a company earns money by mining or trading minerals; Venezuela receives royalties, taxes or sale proceeds; or the U.S. government collects revenue. Those are not interchangeable. The U.S. licenses discussed here authorize certain transactions and business activities; they do not transfer ownership of Venezuelan deposits to the United States or establish that the U.S. Treasury has received mineral proceeds.
For a commercial payoff to occur, permitted activity would have to progress into actual transactions or production, and revenue would have to be generated and received by an identifiable party. The evidence available through the Federal Register’s September 30, 2026 issue and Associated Press reporting in March 2026 does not establish a completed gold sale, a producing reopened mine, or realized U.S. mineral revenue.
What the U.S. authorizations permit—and what they do not
The Federal Register published current versions of OFAC licenses 51 and 54 on September 30, 2026. Together, the mineral-related authorizations allow specified transactions and operational support, but they are conditional and retain exclusions. They are not blanket permission for all mining, investment or dealings with Venezuela.
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- ✔️Each coin contains 1/10 oz of gold.
- ✔️Obverse: Lady Liberty holding a torch with an olive branch.
- ✔️Reverse: The Type 1 reverse, used from 1986-2021, shows a male bald eagle in flight carrying an olive branch to his nest, where a female awaits with her young. The Type 2 reverse, introduced in 2021, shows a bold close-up portrait of an eagle.
- ✔️Each Gold Eagle is a sovereign monetized bullion coin fully guaranteed by the U.S. Mint.
| Authorization area | What the published rules establish | Important limits |
|---|---|---|
| Mineral-operation supplies and services | Specified U.S. entities may supply goods, technology, software or services for mineral operations, including gold, and may provide certain maintenance and repair services. | Contract and payment conditions apply. The authorization does not establish that a particular company has supplied anything or that an operation is producing. |
| Certain Venezuelan-origin mineral transactions | A license covers specified transactions involving minerals of Venezuelan origin and requires detailed transaction and supply-chain due-diligence reporting. | The license excludes exploration, development, extraction, processing, refining and production in Venezuela. Those activities require separate authorization where applicable. |
The precise scope depends on the applicable license and transaction. Treasury’s March 27, 2026 announcement also described licenses covering certain Venezuelan-origin mineral transactions, supplies and services for mineral operations, and contingent investment contracts. A contingent contract is not proof that the contemplated investment has been made or that its conditions have been met.
What the March meetings show about U.S. mining interest
Associated Press reported that, in March 2026, the U.S. Interior Secretary and Venezuela’s acting president met with representatives of more than two dozen U.S. mining and minerals companies. AP also reported that Delcy Rodríguez said she would introduce a bill to overhaul Venezuela’s mining law. These developments show policy and commercial interest, not signed investment commitments or enacted legal reform.
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- 99.99% Fine Gold; 24K
- Metal Content: 1 Troy Ounce
- Stock Photo; Image is indicative of quality
- Edge: Reeded ; Diameter: 32.70 mm; Thickness 2.95 mm
- You will receive a coin with a year date of our choice from 2006 – Present. Please kindly note that we are unable to accommodate specific year requests
Interior Secretary Doug Burgum described the companies as representing “billions of dollars in investment and thousands of dollars in high-paying jobs,” as quoted by AP. The statement concerned what the companies represented; it does not say that billions had already been invested in Venezuela. The reported meeting count likewise is not a count of executed deals.
Why “billions in reserves” and “rare earths” need qualification
A mineral occurrence, a resource estimate and a proven, economically recoverable reserve are different things. A broad estimate of potential underground value would also not equal money available to a company, the Venezuelan government or the U.S. government: extraction costs, processing, transport, legal terms, security and market prices all affect what could ultimately be realized. The reviewed sources provide no current, independently verified combined reserve estimate or valuation for Venezuela’s gold and rare-earth reserves.
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- ✔️Each coin contains 1/10 oz of gold.
- ✔️Obverse: Lady Liberty holding a torch with an olive branch.
- ✔️Reverse: Portrait with an American bald eagle, a design by Jennie Norris in 2021.
- ✔️Each Gold Eagle is a sovereign monetized bullion coin fully guaranteed by the U.S. Mint.
The terminology also matters. AP’s reporting identifies gold, copper, coltan, bauxite, diamonds and other resources. It notes that niobium and tantalum are obtained from coltan. These are critical or technology-relevant minerals, but that does not make every one a rare-earth element. The headline phrase “rare earth” should not be treated as a verified description of all the resources at issue.
A 2024 U.S. Department of State report says the Orinoco Mining Arc encompasses around 12 percent of Venezuela’s territory. That is a description of the zone’s geographic extent, not a measure of proven reserves or their dollar value.
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- Purity: .9999 Fine Gold (24-Karat)
- Diameter: 8 mm (0.314961 inches)
- Metal Content: 0.0322 Troy Ounces
- Stock Photo; Image is indicative of quality
- You will receive one coin per purchase in a divisible blister card with a unique serial number shown on the back of the assay card. The yer-date of the coin will be random.
Security, labor and operating risks remain material
AP reported that authorities offered security assurances to companies interested in investing, while also describing areas where illegal armed groups operate and unsafe working conditions in Venezuela’s poorly regulated mining sector. Assurances are not evidence that those risks have been eliminated. They matter to whether companies can safely operate, protect workers and equipment, move minerals, and satisfy legal and supply-chain checks.
Even if a company is interested and a transaction falls within a license, actual earnings would depend on legal permissions, operating conditions, the costs and risks of production, and the terms governing any sale or investment. The reporting and license conditions make clear that commercial interest alone is not a completed project.
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What is established as of October 2026
- OFAC has issued conditional authorizations for specified mineral-sector transactions and operational support; those permissions do not establish U.S. ownership or unrestricted access to Venezuela’s resources.
- U.S. officials and mining-company representatives held a meeting in March 2026, and Venezuela’s acting president signaled proposed mining-law reform. The evidence does not establish binding deals or an enacted overhaul.
- The sources reviewed do not verify a combined multibillion-dollar valuation of Venezuela’s gold and rare-earth reserves, completed mine reopenings, mineral production under the new authorizations, or revenue already collected by the United States.
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