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]

Core Insights - Locksley Resources Limited has received a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for potential project financing support of up to US$191 million for its Mojave Project in California [1][2] - The LOI signifies a strategic engagement with U.S. federal agencies, facilitating detailed due diligence and underwriting for a comprehensive financing package [2][3] - The company is focused on producing 100% American-made antimony ingots, demonstrating its capability to contribute to U.S. critical minerals supply chains [2][3] Company Developments - Locksley is accelerating the development of the Desert Antimony Mine through both conventional and non-traditional methods, aiming for near-term ore supply [2] - The company is collaborating with Rice University's Deep Solve™ program to establish U.S. refining capacity quickly [2] - Locksley is aligning its operations with U.S. defense, energy transition, and industrial partners to create an integrated supply chain for antimony [2][3] Industry Context - The LOI from EXIM reflects a broader U.S. government initiative to rebuild domestic critical minerals capabilities, with federal funding increasingly directed towards this sector [3] - Locksley Resources is actively advancing its Mojave Project, targeting rare earth elements (REEs) and antimony, and is implementing a mine-to-market strategy to reestablish domestic supply chains [3]