; or (C) a project that demonstrates that the byproduct is of sufficient grade that, if combined with the production of a host mineral, is economical to recover, as determined by the applicable Secretary. (3) Considerations In carrying out paragraph (1), the lead agency shall consider deferring to, and relying on, baseline data, analyses, and reviews performed by State agencies with jurisdiction over the proposed project. (4) Memorandum of agreement The lead agency with respect to a critical mineral project, in consultation with any other Federal agency with jurisdiction over such project, may establish a memorandum of agreement with the project sponsor, State and local governments, and other entities such lead agency determines appropriate to carry out the activities described in this subsection. (5) Time limit for permitting process Notwithstanding any other provision of law, and except with agreement of the project sponsor, the total period for all necessary Federal reviews and permit consideration for a project reasonably expected to produce critical minerals may not exceed 30 months. (c) Determination under National Environmental Policy Act (1) In general To the extent that the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq.) applies to the issuance of any mineral exploration or mine permit, the lead agency may deem the requirements of such Act satisfied if the lead agency determines that a State or Federal agency acting under State or Federal law has addressed the following factors: (A) The environmental impact of the action to be conducted under the permit. (B) Possible adverse environmental effects of actions under the permit. (C) Possible alternatives to issuance of the permit. (D) The relationship between long- and short-term uses of the local environment and the maintenance and enhancement of long-term productivity. (E) Any irreversible and irretrievable commitment of resources that would be involved in the proposed action. (2) Publication The lead agency shall publish a