Wedoany.com Report-Nov. 4, Locksley Resources (Australia-listed) announced on Monday that it has received a Letter of Interest (LoI) from the Export-Import Bank of the United States (Exim), signaling intent to provide up to $191 million in potential financing for its Mojave antimony project in California, US. The LoI marks a key step in the company’s engagement with US federal agencies, paving the way for detailed due diligence and development of a comprehensive financing package.

“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 Drew Horn, GreenMet CEO and former White House adviser on critical minerals.

Locksley highlighted that last week’s US–China trade agreement lifted China’s new export controls on rare-earth and critical minerals. The US reaffirmed its support for Western-based critical mineral supply chains. The company noted: “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.”

The project has already demonstrated progress in domestic production. Locksley recently announced the successful casting of a 100% US-made antimony ingot, using feedstock sourced entirely from the Mojave project and processed on US soil. This achievement underscores the project’s capability to provide a secure, homegrown source of antimony, a critical material used in flame retardants, alloys, and electronics.

Exim’s potential support, if formalized, would form a cornerstone of the Mojave project’s financing, enabling Locksley to advance development and production while contributing to US critical minerals security. The LoI demonstrates the US government’s commitment to supporting domestic projects that strengthen supply chain resilience and reduce reliance on foreign sources for key minerals.

The Mojave antimony project sits strategically in California, with the potential to scale production to meet growing demand for antimony in high-performance applications. Locksley’s engagement with federal agencies, combined with recent trade developments and successful US-based processing, positions the project as a key element in US efforts to expand domestic critical mineral capacity.

Overall, the LoI from Exim reflects both financial recognition and strategic alignment with federal initiatives aimed at strengthening US supply chains. Locksley Resources is poised to leverage this support to develop the Mojave project, delivering domestically produced antimony to support industry needs and national supply chain security.