Locksley receives LoI from EXIM for Mojave project in California

Core Insights - Locksley Resources has received a letter of interest from the Export-Import Bank of the United States for potential financing of up to $191 million for its Mojave project, which is a key initiative under the White House's directive to rebuild domestic supply chains for antimony and rare earth elements [1][2] - The Mojave project is recognized as a low-risk solution that reduces dependence on Chinese supply, with recent success in producing a 100% American-made antimony ingot [3][4] - The project aligns with federal initiatives aimed at strengthening US industrial capability and reducing reliance on foreign sources [6] Financing and Government Support - The letter of interest from EXIM is seen as a pivotal step in Locksley's collaboration with federal agencies, facilitating due diligence and underwriting for a comprehensive financing package [5] - The project has garnered support from the Australian Export Finance Agency, further enhancing its strategic importance [4] Strategic Importance - The Mojave project is positioned at the forefront of US efforts to establish Western-based critical mineral supply chains, especially following recent developments in US-China trade agreements [2] - The combination of EXIM support and successful production of American-made antimony ingots demonstrates progress toward US supply chain independence [2][3]