LKYRF Is Officially At The Center Of The Critical Minerals Race

Yesterday Locksley Resources (ASX: $LKY, OTCQX: $LKYRF) dropped what might be some of the biggest news the OTC has seen all year. They have received a Letter of Interest to provide up to $191 million in Federal financing for the company's Mojave Project in California. This massive commitment is for a dollar amount over 2.5x greater than the company's current market cap of roughly $72 million and positions the Mojave Project as essential infrastructure under the White House's directive to rebuild domestic American antimony and rare earth supply capability.

The LOI originates from the U.S. Export-Import Bank (EXIM), the official federal export-credit agency. EXIM prioritizes critical mineral projects that reduce foreign supply dependence, through programs such as the Supply Chain Resiliency Initiative (SCRI) and the China and Transformational Exports Program (CTEP). While non-binding, the LOI formally recognizes Mojave’s strategic status and creates a path to additional U.S. government funding, including DPA Title III and Department of Energy loan guarantees.

The potential $191 million support marks Mojave as a top-priority U.S. critical minerals project, with few other domestic antimony or rare earth efforts drawing comparable federal attention. LKYRF’s Mojave Project now sits at the center of America’s push to rebuild supply chains independent of China, ahead of domestic and near-shore peers. The scale of the funding, more than double the company’s market capitalization, underscores both the confidence federal agencies have placed in the project and the urgency of bringing its production online.

That goal is already being advanced through LKYRF’s collaboration with Rice University on its proprietary DeepSolv refining technology, designed to process and refine ore entirely within U.S. borders. Early pilot testing has achieved recovery rates above 95% while eliminating the high-energy smelting and toxic reagents typical of legacy refining. The low-emission, U.S.-compliant process addresses the same challenges driving Washington’s major push for domestic production and reduced Chinese dependence. DeepSolv positions LKYRF not just as a source of critical minerals the U.S. needs, but as an end-to-end solution to one of America’s biggest supply-chain vulnerabilities.

With the $191 million potential backing in hand, the Export-Import Bank of the United States (EXIM) signals that the Mojave Project is now one of Washington’s highest-priority critical-minerals initiatives. LKYRF will advance that recognition through upcoming meetings in Washington D.C. and new field programs, with drilling planned for both the rare earth and antimony targets. Supported by its proven mine-to-metal capability and the developing DeepSolv refining technology, LKYRF stands at the center of America’s effort to rebuild a fully domestic supply chain for critical materials.

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