Washington, D.C. — November 3, 2025 — GreenMet is proud to have played a leading role in helping secure a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for up to $191 million in potential financing support for its partner, Locksley Resources Limited (ASX: LKY), and the company’s Mojave Project in California. The Letter of Interest represents a major step forward in advancing domestic production of critical minerals and strengthening the United States’ industrial and national security foundations. This milestone underscores the results of close collaboration between GreenMet, Locksley, and U.S. government stakeholders to align the Mojave Project with White House priorities on critical mineral independence and supply chain resilience.

Located just 1.4 kilometers from Mountain Pass—the only producing rare earth mine in North America—the Mojave Project is positioned to become a cornerstone of America’s efforts to rebuild a secure, domestic supply of rare earth elements and antimony. These materials are essential for defense systems, semiconductors, renewable energy technologies, and the broader clean energy transition. The project has already demonstrated real progress toward U.S. production capability with the successful casting of the first 100% American-made antimony ingot, produced entirely on U.S. soil.

The EXIM Letter of Interest provides a clear pathway toward comprehensive federal support, opening the door to additional programs under the Defense Production Act Title III, Department of Energy loan guarantees, and related national initiatives focused on rebuilding U.S. mineral and manufacturing capacity. GreenMet has worked hand-in-hand with Locksley to facilitate these efforts, helping bridge the gap between innovative private-sector development and the federal tools needed to advance strategic domestic projects.

“EXIM’s Letter of Interest represents more than just financial support — it reflects a coordinated U.S. government directive to rebuild domestic critical minerals capability,” said Drew Horn, Chief Executive Officer of GreenMet. “The fact that EXIM’s engagement aligns with current White House priorities underscores how strategically important Locksley’s Mojave Project has become. We are now entering a period where nearly all federal funding in this sector is being directed under White House-led initiatives, and Locksley stands at the forefront of that effort. The combination of EXIM support and the successful production of a 100% American-made antimony ingot demonstrate tangible progress toward full U.S. supply chain independence.”

Friday’s announcement reflects growing momentum across government and industry to responsibly develop the minerals vital to the nation’s economic security and energy transition. GreenMet’s work to bring the Mojave Project into alignment with federal priorities demonstrates the power of strategic collaboration between innovative private partners and the public sector.

GreenMet congratulates Locksley Resources on this significant achievement and looks forward to continued partnership as the Mojave Project advances toward development, production, and a new era of U.S. critical mineral independence.