; and (2) in accordance with all applicable laws, regulations, and rules, shall— (A) on a preprocessing basis, assume liability for and ownership of all thorium and mineralogically associated or related actinides and decay products contained within the rare earth element ores utilized by the Cooperative; (B) take physical possession and safely store all thorium-containing actinide byproducts, with the costs of the storage to be paid by the Cooperative; and (C) manage the sale of all valuable actinide and decay products, utilizing the proceeds for the development of commercial uses and market for thorium, including energy. (b) Thorium storage The Corporation shall establish not less than 1 facility, each of which shall— (1) be known as a Thorium Bank ; (2) provide safe and long-term storage for all thorium produced as a byproduct in the production of rare earth elements for the Cooperative; and (3) hold and maintain financial surety bonding and insurance consistent with private industry standards. (c) Industrial products The Corporation may establish not less than 1 division, each of which shall be known as an Industrial Products Corporation , for the certification, licensing, insuring, and commercial development of all nonenergy uses for thorium (including thorium isotopes and thorium daughter elements), including alloys, catalysts, medical isotopes, and other products. (d) Energy applications The Corporation may establish not less than 1 energy products, energy systems, or energy applications division for the certification, licensing, insuring, commercial development, deployment, lease, and licensing of such products and services, including— (1) developing intellectual property; (2) acquiring technology; (3) developing, manufacturing, operating, or leasing commercial thorium energy systems