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is an attempt to get something for the money the 350 Billion that we have already thrown into this war. There is the potential for reneging (high) as well as loss of land with further invasion, but it is more than the US has now.

I am not in favor of using mineral rights as a contingency to funding further war, and it is my understanding that this is not that. The war must end, and our involvement needs to end now.
I am in favor of offering mineral rights as a means for industry and tax base to crop up in Ukraine which would help them immensely from an economic standpoint in their recovery while also helping the US - that is my understanding of what this is.
The deal would have a further benefit of giving the US a vested interest in protecting Ukraine from further aggression from Russia. Putin would know that any future invasion would impact vital US mineral rights and thus be viewed as a hostile act toward the US as well. Thus, the deal has a deterrent benefit as well.