Locksley Receives EXIM Letter of Interest for Mojave Project in California

EXIM Financing Boosts Locksley’s Mojave Project

Locksley Resources has secured a Letter of Interest (LoI) from the Export-Import Bank of the United States (EXIM) for potential financing of up to $191 million (A$293 million) for its Mojave project in California. This LoI signals a strong alignment between Locksley’s development strategy and the White House’s push to rebuild domestic supply chains for antimony and rare earth elements (REEs).

According to Drew Horn, CEO of GreenMet and former White House Advisor on critical minerals, the EXIM backing marks more than financial support—it reflects a strategic directive to secure U.S. mineral independence. “EXIM’s engagement aligns directly with the current White House priorities,” Horn said, adding that Locksley’s 100% American-made antimony ingot underscores tangible progress toward U.S. supply chain sovereignty.

Recent geopolitical shifts, including the November 2025 U.S.–China trade agreement suspending new Chinese export controls on rare earths, have further intensified Washington’s drive to establish Western-based critical mineral production. As a result, the Mojave project now stands as a low-risk, U.S.-hosted solution to reduce reliance on Chinese imports.

Locksley Strengthens U.S.–Australia Critical Minerals Alliance

Locksley’s Mojave development gained further momentum following the U.S.–Australia Critical Minerals Framework Agreement, signed by President Donald Trump and Prime Minister Anthony Albanese. The initiative aims to integrate allied mineral production networks and secure supply chains for strategic metals.

Additionally, the Australian Export Finance Agency (EFA) has expressed its support, complementing EXIM’s financing interest. Locksley recently expanded its Mojave landholding, adding 249 new claims across more than 40 km² of mineral-rich terrain. These assets position the company at the forefront of America’s antimony and rare earth supply resurgence.

Locksley CEO Kerrie Matthews said, “EXIM’s engagement represents a strong endorsement of our U.S. growth strategy. With our fully American-made antimony ingot now produced, we are demonstrating the capacity to deliver the next generation of critical mineral supply chains.”

SuperMetalPrice Commentary:

EXIM’s Letter of Interest marks a defining moment in the U.S. critical minerals strategy. Locksley’s Mojave project illustrates how trans-Pacific partnerships—particularly between Washington and Canberra—are reshaping global resource security. With antimony vital to energy storage, semiconductors, and defense applications, this financing move may accelerate investment into North American supply resilience. SuperMetalPrice expects similar EXIM-backed projects to follow as the U.S. intensifies its post-China mineral independence campaign.