Locksley Resources Limited (ASX: LKY) (FRA: X5L) (OTCMKTS: LKYRF) announced the successful completion of a heavily oversubscribed capital raising, securing firm commitments of approximately A$17 million through a placement of new shares at A$0.24 per share to Australian, U.S. and international investors. The placement, managed by Alpine Capital Pty Ltd. and Titan Partners Group, a division of American Capital Partners, saw cornerstone participation from established U.S. institutional investors, underscoring support for the Company’s strategy to develop a fully integrated U.S.-based mine-to-market critical minerals supply chain.
The proceeds from the capital raising will support Locksley’s downstream development objectives, particularly the advancement of the Mojave Project in California, which targets rare earth elements (REE) and antimony at the Desert Antimony Mine. This project is central to Locksley’s U.S. Critical Minerals and Energy Resilience Strategy, which aims to accelerate the domestic production of antimony, a critical mineral used in defense, electronics, and energy storage applications. The company also highlighted a strategic collaboration with Rice University to develop DeepSolv, a proprietary technology for domestic processing of North American antimony, as a cornerstone of its mine-to-market deployment.
The oversubscribed placement reflects strong investor confidence in Locksley’s strategy amid growing global demand for critical minerals and efforts to reduce dependence on foreign supply chains, particularly from China. The U.S. government has identified antimony as a critical mineral, and Locksley’s integrated approach—from mining to processing—positions the company to benefit from policy initiatives supporting domestic production. The Mojave Project is one of the few advanced antimony projects in the United States, and the company’s collaboration with Rice University on DeepSolv technology aims to establish a U.S.-based processing capability, reducing reliance on overseas refining.
Locksley Resources is an Australian-based explorer focused on critical minerals, actively advancing its U.S. asset, the Mojave Project, in California. The company’s strategy aligns with broader efforts to secure supply chains for materials essential to national security and clean energy technologies. The successful capital raising provides Locksley with the financial resources to progress its development plans, including feasibility studies, permitting, and potential construction activities.
For more information about Locksley Resources, visit https://locksleyresources.com.au/. To view the full press release, visit https://ibn.fm/xwort.
