What specific milestones and timelines does the GreenMet engagement set for advancing the Mojave Critical Minerals Project?
Milestones & Timelines set by the GreenMet engagement
GreenMet’s mandate for the Mojave Critical Minerals Project is anchored around a “four‑step” roadmap that the company disclosed in its August 26 press release:
| Step | Target Milestone | Target Date |
|---|---|---|
| 1. Federal Partnership Development | Formalise R&D and financing partnerships with the U.S. Department of Energy (DOE) and the Department of Interior (DOI) | Q4 2025 (end‑year) |
| 2. Regulatory & Permitting Package | Submit a Draft Environmental Impact Statement (EIS) and secure the requisite DOI and Cal EPA permits | Q2 2026 (mid‑year) |
| 3. Financing & Capital‑Call | Close a DOE‑backed “Advanced Critical‑Minerals” loan and raise the equity tranche required to break‑ground | Q4 2026 (year‑end) |
| 4. Construction & First‑Production | Commence site‑development (civil works, processing plant) and achieve first ore processing (commercial production) | Q4 2027 (approximately 18 months after financing) |
Trading implications
- Catalyst‑Driven upside: Each milestone is a discrete market catalyst. Successful completion of the DOE partnership (Q4 2025) could trigger a 5‑8 % rally as investors price‑in secured government backing and a clearer path to scale‑up.
- Risk nodes: The regulatory window (Q2 2026) is the most material upside‑downside driver. A delay or adverse EIS finding would likely stall the equity raise and push back the production timeline, creating near‑term downside pressure on LKY’s equity (potential 10‑12 % pull‑back).
- Technical outlook: The stock is currently trading ≈ 30 % above its 12‑month low on the news bump, but volume is thin. A breakout above the $0.85 – $0.90 resistance band would confirm bullish sentiment, while a breach below the $0.70 support line could signal the market is pricing in regulatory headwinds.
Actionable take‑away: Keep the Q4 2025 DOE partnership announcement on the radar as a primary entry trigger; meanwhile, maintain a defensive stop just below the $0.70 support level to hedge against possible EIS‑related setbacks in early‑2026.
Other Questions About This News
What is the anticipated impact of this initiative on Locksley Resources' production forecasts and market positioning relative to other critical minerals developers?
How will the partnership with GreenMet and potential U.S. government involvement affect Locksley Resources' capital structure and funding requirements?