Locksley Resources secures a $191m financing offer from EXIM for its Mojave project in California, a key initiative under the White House’s push to rebuild domestic supply chains for antimony and REEs. GreenMet CEO Drew Horn emphasizes the strategic importance of EXIM’s support aligning with White House priorities.

The US-China trade agreement and Locksley’s successful production of an American-made antimony ingot highlight progress towards establishing Western-based critical mineral supply chains. The Mojave project aims to reduce reliance on Chinese supply and support the US-Australia critical minerals framework agreement.

EXIM’s LoI is a crucial step in Locksley’s collaboration with federal agencies, supporting due diligence for a comprehensive financing package. The agency’s initiatives prioritize funding for critical minerals projects to strengthen US industrial capability. Locksley’s CEO, Kerrie Matthews, sees this as a strong endorsement of the company’s US strategy.

Locksley expands its Mojave minerals footprint with 249 additional claims, demonstrating a commitment to developing critical minerals resources in the region. The company’s focus on US-based production aligns with efforts to enhance domestic supply chains and decrease reliance on foreign sources.

Read more at Yahoo Finance: Locksley receives LoI from EXIM for Mojave project in California