Locksley Resources Engages GreenMet to Advance its Critical Minerals Initiative with U.S. Government Entities

Locksley Resources (OTCQB: LKYRF) has partnered with GreenMet, a Washington DC-based strategic advisory group, to advance its Mojave Critical Minerals Project in California.

Rhea-AI Summary

Locksley Resources (OTCQB: LKYRF) has partnered with GreenMet, a Washington DC-based strategic advisory group, to advance its Mojave Critical Minerals Project in California. The partnership aims to position the project within key U.S. Government initiatives under the Defense Production Act, Inflation Reduction Act, and Department of Energy programs.

GreenMet's team includes Drew Horn, a former top US official and critical minerals strategy expert, Mark Green, former senior advisor to U.S. government agencies, and Retired General David Barrett. The partnership comes as the U.S. Department of Energy plans to issue $1 billion in funding opportunities for critical minerals and materials supply chains.

Positive

• Potential access to $1 billion DOE funding opportunities for critical minerals
• Strategic partnership with experienced government advisory team
• Enhanced visibility with policymakers and investors in Washington DC
• Positioning for government grants, loans, and offtake programs

Negative

• None.

Argus Aug 26 session

+9.72% close to close Open Argus

Details

News Market Reaction – LKYRF

On Aug 26, the day this news came out, LKYRF closed 9.72% above the previous close.

Data tracked by StockTitan Argus for the Aug 26 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SAN BERNARDINO, Calif. , Aug. 26, 2025 /PRNewswire/ -- Locksley Resources (ASX: LKY; OTCQB: LKYRF) announced it has engaged GreenMet, a Washington DC based strategic advisory group, to support the advancement of the Company's Mojave Critical Minerals Project in California. This partnership represents a significant milestone for Locksley as GreenMet is expected to position the Mojave Project within key U.S. Government initiatives under the Defense Production Act, Inflation Reduction Act and Department of Energy programs.

"This partnership is targeting grant, loan and offtake programs from a number of US governmental entities that can accelerate the Mojave Project's development," said Nathan Lude, chairman of Locksley. He pointed to the recent announcement by the U. S. Department of Energy of its plans to issue funding opportunities totaling one billion dollars for critical minerals and materials supply chains. "This appointment significantly enhances our ability to access U.S. government and institutional support while further validating Mojave as a critical U.S. project for defense, technology and energy markets," he added.

He noted the partnership strengthens Locksley's visibility with policymakers, investors and downstream industry participants in Washington DC and major US financial hubs.

The GreenMet team is headed by Drew Horn, a former top US official and recognized authority on U.S. critical minerals strategy. He has held senior roles in the U.S. government, advising on the implementation of the Defense Production Act and other federal programs designed to strengthen American industrial and defense supply chains. His expertise lies in securing funding and offtake support for projects that address strategic vulnerabilities in critical minerals.

GreenMet's leadership also includes Mark Green, former senior advisor to U.S. government agencies and private capital markets and Retired General David Barrett, who brings extensive sector experience and high-level relationships across the U.S. national security community. This combination of government, defense and finance experience uniquely positions GreenMet to guide Locksley's U.S. government engagement.

More information is available at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02983635-6A1280075&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6 and at the company's website: https://www.locksleyresources.com.au.

About Locksley Resources Limited

Locksley Resources is an Australian-based explorer focused on critical minerals and base metals, with assets in both the United States and Australia. The company is actively advancing exploration of its US asset, the Mojave Project, targeting rare earth elements (REEs) and antimony. Located in the Mojave Desert in California, the Project comprises more than 250 claims. The North Block area directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials' claims. In addition to rare earths, the Mojave Project hosts the historic "Desert Antimony Mine," which last operated in 1937. The United States currently has limited domestic antimony production and demand for the metal runs high due to its essential role in defense systems, semiconductors and metal alloys. Locksley's position is strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE and antimony production. The Company's Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security..

Contact: Beverly Jedynak, Beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

View original content:https://www.prnewswire.com/news-releases/locksley-resources-engages-greenmet-to-advance-its-critical-minerals-initiative-with-us-government-entities-302538257.html

SOURCE Locksley Resources

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the purpose of Locksley Resources' partnership with GreenMet?

The partnership aims to advance Locksley's Mojave Critical Minerals Project by positioning it within key U.S. Government initiatives and accessing potential grants, loans, and offtake programs.

How much funding is available through the U.S. Department of Energy for critical minerals projects?

The U.S. Department of Energy plans to issue $1 billion in funding opportunities for critical minerals and materials supply chains.

Who are the key team members of GreenMet working with LKYRF?

GreenMet's team includes Drew Horn (former top US official), Mark Green (former senior government advisor), and Retired General David Barrett (national security expert).

What government initiatives is Locksley Resources targeting for the Mojave Project?

Locksley is targeting initiatives under the Defense Production Act, Inflation Reduction Act, and Department of Energy programs.

Where is Locksley Resources' Mojave Critical Minerals Project located?

The Mojave Critical Minerals Project is located in California, United States.