Underscoring its sway in Washington, GreenMet recently helped secure a US Export-Import Bank letter of intent worth up to US$120 million in debt funding for Greenland’s Tanbreez rare earth project, majority owned by ASX-listed European Lithium. GreenMet is the US Government’s leading in-country advisor.
Locksley Resources chairman Nathan Lude said: “The appointment of GreenMet, under the leadership of Drew Horn alongside Nick Denno, and the GreenMet team, represents a step change for Locksley. Our mine-to-market strategy, anchored by Mojave and our US collaboration with Rice University, fits directly into US Government initiatives to secure resilient domestic supply chains.”
Horn added that as the US ramps up efforts to secure domestic critical minerals for defence and energy, Locksley’s mine-to-market strategy is exactly built to fit those goals.
Locksley and its Mojave project in California’s desert heartland have already caught the market’s attention, with the company’s shares up almost 1750 per cent since the start of May. The share price surge coincided with a distinct uptick in America’s push for energy and defence supply chain independence.
Mojave includes more than 250 claims across two contiguous blocks adjacent to MP Materials’ rare earths stronghold at Mountain Pass.
Notably, it ground hosts the historic Desert antimony mine, which was mothballed since 1937 but has recorded some of the highest-grade known antimony occurrences in America.
With the US producing no antimony today, the metal is seen as vital for everything from semiconductors to armour-piercing ammunition – a fact not lost on Pentagon strategists.
Adding to the momentum, Locksley announced a collaborative agreement yesterday with Houston-based Rice University to pioneer domestic antimony processing and advanced materials research in the US.
Locksley’s double-barrelled move of striking a deal with Washington confidant GreenMet and teaming up with Houston’s Rice University has positioned the company at the centre of America’s critical minerals reshuffle.
With Pentagon interest rising, billion-dollar government programs on the table and a historic antimony mine ready to roar back to life, the Perth junior, with fewer than 250 million shares on issue, looks likely to play in the big league of US supply chain security.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
