LKY Receives up to US$191M Potential Support from EXIM Bank

Open PDF
Stock Locksley Resources Ltd (LKY.ASX)
Release Time 3 Nov 2025, 8:21 a.m.
Price Sensitive Yes
 Locksley Receives up to US$191M Potential Support from EXIM Bank
Key Points
  • The U.S. Export-Import Bank issued a Letter of Interest indicating potential financing support of up to US$191 million for Locksley's Mojave Project
  • The potential EXIM financing is a cornerstone first step in a broader U.S. government funding pathway
  • Locksley recently announced the successful casting of a 100% American made antimony ingot, validating its Mine-to-Metal business model
Full Summary

Locksley Resources Limited has announced the receipt of a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM), outlining the intent to provide up to US$191M in potential project financing support for the Company's Mojave Project in California. EXIM, a wholly owned independent agency of the U.S Government, operates under a Congressional mandate to promote American economic and national security interests through project and export financing. The LOI represents a cornerstone step in Locksley's engagement with U.S federal agencies and paves the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave Project. Locksley recently announced the successful casting of the 100% American made antimony ingot, using feedstock sourced from its Mojave Project and processed entirely on U.S soil. This achievement validated the Company's Mine-to-Metal business model and provides the foundation for commercial scaling under the Defense Production Act and Inflation Reduction Act frameworks. Locksley will now progress formal application with EXIM, triggering due diligence and underwriting processes, while also securing additional U.S. government and institutional support under DPA Title III, DOE loan guarantees, and supply chain initiatives.

Outlook

Locksley is positioned to play a key role in advancing U.S. critical minerals independence through its Mojave Project, which has received a Letter of Interest from the U.S. Export-Import Bank for potential financing support of up to US$191 million. The company is accelerating development planning and applying innovative thinking to traditional project timelines via government support across parallel workstreams, including fast-tracked mine development, collaboration on downstream processing, and alignment with U.S. defence, energy transition, and industrial partners to deliver 100% Made in America antimony into the U.S. market.