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Alignment with U.S Export-Import Financial institution (“EXIM”) Positions Mojave as a Flagship Initiative Underneath the White Home’s Directive to Rebuild Home American Antimony and Uncommon Earths Provide and Processing Functionality
HIGHLIGHTS:
– The united statesExport-Import Financial institution has issued a Letter of Curiosity (LOI) indicating the potential for financing assist of as much as US$191 million for Locksley’s Mojave Venture in California
– EXIM is the official export-credit company of the united statesGovernment, tasked with strengthening home industrial resilience and decreasing overseas provide dependence in strategic sectors
– The potential EXIM financing is a cornerstone first step in a broader U.S. authorities funding pathway, opening entry to packages beneath the Protection Manufacturing Act Title III and Division of Conflict (DOW)
– The engagement reinforces Locksley’s technique to ascertain a 100% American made antimony and REE provide chain, following the profitable manufacturing of the Firm’s U.S. antimony ingot
– Locksley executives will attend key conferences in Washington D.C. in mid November, to advance discussions on the Firm’s U.S. mine-to-market collaboration
EXIM, an entirely owned impartial company of the united statesGovernment, operates beneath a Congressional mandate to advertise American financial and nationwide safety pursuits by undertaking and export financing. Its latest Provide Chain Resiliency Initiative (SCRI) and China and Transformational Exports Program (CTEP) prioritise funding for crucial mineral initiatives that scale back overseas provide dependence and rebuild U.S industrial functionality.
The LOI represents a cornerstone step in Locksley’s engagement with U.S federal companies and paves the way in which for detailed due diligence and underwriting to advance a complete financing bundle for the Mojave Venture.
In mild of the latest November 2025 U.S.-China commerce settlement whereby China has suspended new rare-earth/crucial minerals export controls, and the U.S. has publicly reaffirmed its assist for Western primarily based crucial mineral provide chains, the Mojave Antimony Venture is uniquely positioned to ship a low danger, U.S. hosted, anti-dependent on China provide answer. This alignment strengthens the strategic case for consideration by Export-Import Financial institution of the US (EXIM) beneath its provide chain resilience and criticalminerals mandates.
100% American Made Ingot Milestone – Alignment with U.S. Coverage
Locksley not too long ago introduced the profitable casting of the 100% American made antimony ingot, utilizing feedstock sourced from its Mojave Venture and processed solely on U.S soil.
This achievement validated the Firm’s Mine-to-Steel enterprise mannequin and offers the inspiration for industrial scaling beneath the Protection Manufacturing Act and Inflation Discount Act frameworks.
Following the signing of the landmark U.S. and Australia Essential Minerals Framework Settlement in Washington DC between President Donald Trump and Prime Minister Anthony Albanese, Locksley’s Mojave Venture has been recognised as aligning straight with this bilateral initiative, which can be supported by commitments from the Australian Export Finance Company (EFA).
The EXIM assist, alongside Locksley’s strategic collaboration with Rice College, offers a transparent pathway for Mojave to progress past exploration and into the event of downstream aligned provide chains for the U.S.
Drew Horn, Chief Govt of GreenMet and former White Home Advisor on Essential Minerals, commented:
“EXIM’s Letter of Curiosity represents extra than simply monetary assist, it displays a coordinated U.S. authorities directive to rebuild home crucial minerals functionality. The truth that EXIM’s engagement aligns with present White Home priorities underscores how strategically necessary Locksley’s Mojave Venture has turn out to be. We are actually coming into a interval the place practically all federal funding on this sector is being directed beneath White Home led initiatives and Locksley stands on the forefront of that effort. The mix of EXIM assist and the profitable manufacturing of a 100% American made antimony ingot demonstrates tangible progress towards full U.S. provide chain independence.”
Kerrie Matthews, Managing Director & CEO, commented:
“EXIM’s engagement represents a powerful endorsement of Locksley’s U.S technique and the momentum we’ve constructed with authorities and business companions. The LOI offers a basis to progress formal financing discussions whereas advancing our downstream and offtake plans. With our 100% American made antimony ingot now produced, we’re proving Locksley’s capability to ship the subsequent era of U.S crucial mineral provide chains.”
Materials Phrases of the LOI
The Letter of Curiosity (LOI) is a non-binding expression of curiosity and doesn’t represent a ultimate dedication or a financing settlement. A definitive dedication is contingent upon Locksley satisfying EXIM’s underwriting standards, finishing full due diligence (together with technical, monetary, and authorized evaluations), and finalising definitive documentation. The potential financing is for as much as US$191 million with a reimbursement tenor of 10 years. Nonetheless, the ultimate quantity, rate of interest, and particular reimbursement phrases will probably be decided upon completion of the due diligence course of.
Quick-Monitor Mine-to-Market Strategy
Locksley continues to speed up improvement planning and apply modern considering to conventional undertaking timelines through authorities assist throughout parallel workstreams:
– Upstream: Quick-tracked improvement of the Desert Antimony Mine by each standard and non-traditional strategies, enabling near-term ore provide
– Downstream: Collaboration with Rice College’s DeepSolv(TM) program and processing optionality to ascertain U.S. refining capability at pace
– Built-in Provide Chain: Direct alignment with U.S. defence, vitality transition, and industrial companions to ship 100% Made in America antimony into the U.S. market
– Locksley’s strategy embodies the rules of the Mines of the Future framework integrating innovation, digital modelling and processing to quickly re-establish strategic mineral manufacturing on U.S. soil.
This parallel strategy positions Mojave because the quickest shifting U.S. antimony improvement, straight supporting nationwide safety and clear vitality priorities.
Subsequent Steps
Locksley will now progress the next key initiatives to advance the Mojave Venture towards improvement readiness:
– Progress formal utility with EXIM, triggering due diligence and underwriting processes
– Securing extra U.S. authorities and institutional assist beneath DPA Title III, DOE mortgage ensures, and provide chain initiatives
– Locksley executives will attend key conferences in Washington D.C. in mid- November, to advance discussions on the Firm’s U.S. mine-to-market collaboration
– Start preparatory workstreams for each mine improvement and downstream processing pathways
– Advancing industrial pilot-scale manufacturing to show U.S. primarily based refining functionality and speed up first metallic output from the Mojave Venture
About Locksley Sources Restricted:
Locksley Sources Restricted (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer targeted on crucial minerals in the US of America. The Firm is actively advancing exploration throughout two key belongings: the Mojave Venture in California, concentrating on uncommon earth parts (REEs) and antimony. Locksley Sources goals to generate shareholder worth by strategic exploration, discovery and improvement on this extremely potential mineral area.
Mojave Venture
Situated within the Mojave Desert, California, the Mojave Venture contains over 250 claims throughout two contiguous prospect areas, specifically, the North Block/Northeast Block and the El Campo Prospect. The North Block straight abuts claims held by MP Supplies, whereas El Campo lies alongside strike of the Mountain Move Mine and is enveloped by MP Supplies’ claims, highlighting the robust geological continuity and exploration potential of the undertaking space.
Along with uncommon earths, the Mojave Venture hosts the historic “Desert Antimony Mine”, which final operated in 1937. Regardless of the US presently having no home antimony manufacturing, demand for the metallic stays excessive resulting from its important position in protection methods, semiconductors, and metallic alloys. With vital floor pattern outcomes, the Desert Mine prospect represents one of many highest-grade recognized antimony occurrences within the U.S.
Locksley’s North American place is additional strengthened by rising geopolitical urgency to diversify provide chains away from China, the worldwide chief in each REE & antimony manufacturing. With its maiden drilling program deliberate, the Mojave Venture is uniquely positioned to align with U.S. strategic targets round crucial mineral independence and financial safety.
Tottenham Venture
Locksley’s Australian portfolio contains the superior Tottenham Copper-Gold Venture in New South Wales, targeted on VMS-style mineralisation
Supply:
Locksley Sources Restricted
Contact:
Kerrie Matthews
Chief Govt Officer
Locksley Sources Restricted
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au
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