What's Happening?
Locksley Resources, listed on the Australian Securities Exchange (ASX:LKY), has successfully completed a $17 million capital raise through a heavily oversubscribed placement of new shares priced at $0.24 each. The equity raise was managed by Alpine Capital and Titan Partners Group, a division of American Capital Partners, who acted as joint lead managers. The settlement of this placement is anticipated to occur around December 11, 2025. The capital raise was notably supported by well-established U.S. institutional investors, which is seen as a strong endorsement of Locksley’s strategy to establish a fully integrated U.S.-based 'mine to market' critical minerals supply chain. Managing Director Kerrie Matthews highlighted that the participation
of these investors not only brings capital but also sector expertise and ongoing engagement, which supports the company’s downstream development objectives within the United States.
Why It's Important?
This capital raise is significant as it aligns with the U.S. administration's emphasis on critical minerals as a national security priority, aiming to reduce reliance on foreign-controlled processing capacities. The involvement of leading U.S. institutional investors is a strategic endorsement of Locksley’s emerging role within the domestic U.S. critical minerals sector. The funds will be used to accelerate various programs, including drilling, assay programs, and structural mapping at the Mojave Project. Additionally, the capital will support downstream processing and American-made conversion planning for antimony products, enhancing Locksley’s positioning for federal funding initiatives. This move positions Locksley to advance its contribution to a U.S.-based supply chain for antimony and rare earths, which are crucial for national security and industrial demand.
What's Next?
Locksley Resources plans to use the raised funds to expedite its drilling and assay programs, as well as structural mapping to define mineralization across the Mojave Project. The company will also focus on accelerating downstream processing and conversion planning for antimony products. Furthermore, Locksley aims to enhance its engagement with federal funding initiatives, supporting its role within the U.S. critical minerals ecosystem. The company is also progressing towards obtaining necessary permits, engaging with stakeholders, and scheduling engineering and project timelines. An investor webinar is scheduled for December 9, 2025, to discuss recent milestones and provide updates on the company’s strategy.
