$191m Exim interest in Locksley’s California antimony project
Australia-listed Locksley Resources has received a letter of interest (LoI) from the Export-Import Bank of the United States (Exim), outlining the intent to provide up to $191-million in potential project financing support for Mojave antimony project in California, US.
Announcing the LoI on Monday, Locksley said it represented a cornerstone step in the company’s engagement with US federal agencies and paved the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave project.
“Exim’s LoI represents more than just financial support, it reflects a coordinated US government directive to rebuild domestic critical minerals capability. The fact that Exim’s engagement aligns with current White House priorities underscores how strategically important Locksley’s Mojave project has become. We are now entering a period where nearly all federal funding in this sector is being directed under White House-led initiatives and Locksley stands at the forefront of that effort,” said GreenMet chief executive Drew Horn, who is also a former White House adviser on critical minerals.
In its announcement, Locksley also noted last week’s US–China trade agreement whereby China suspended new rare-earth/critical minerals export controls, and the US publicly reaffirmed its support for Western-based critical mineral supply chains. “The Mojave antimony project is uniquely positioned to deliver a low-risk, US-hosted, anti-dependent on China supply solution. This alignment strengthens the strategic case for consideration by Exim under its supply chain resilience and critical-minerals mandates.”
Locksley recently announced the successful casting of the 100% US-made antimony ingot, using feedstock sourced from its Mojave project and processed entirely on US soil.
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