Locksley Resources’ shares rocketed almost 25 per cent to 43 cents in early trade today after the company landed a crucial nod of financial support from Washington for its US critical minerals ambitions.

The US Government-backed Export-Import Bank (EXIM) has issued the company with a letter of interest (LOI) for up to US$191 million (A$288 million) potential funding package to fast-track its Mojave antimony and rare earths project in California

Locksley Resources recently poured its first 100 per cent American-made antimony ingot, using ore from its Mojave project in California and refining it entirely in country.

EXIM is the official export credit agency of the US government and a cornerstone of President Donald Trump’s push to rebuild the US’ own antimony and rare earths supply chains

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