Locksley Resources (ASX:LKY | OTCQX:LKYRF | FSE:X5L) secures A$17,000,000 to drive U.S. Mine to Market strategy

Locksley Resources has completed a heavily oversubscribed capital raising, securing firm commitments of approximately A$17,000,000 via a placement of new shares at A$0.24 per share to domestic and international professional and institutional investors, in a transaction led by well established U.S. institutional investors.

The placement underpins the company’s ambition to deliver a fully integrated U.S. based Mine to Market critical minerals supply chain for antimony and rare earths and strengthens the balance sheet as Locksley advances the Mojave Project in California.

Highlights

•  A$17,000,000 raised at A$0.24 per share through an oversubscribed placement to domestic and international institutional and sophisticated investors
• Cornerstone U.S. institutional support that the company says provides strong strategic validation of Locksley’s role in advancing onshore supply of antimony and rare earths for U.S. national security and industrial supply chains
• Strengthened balance sheet supporting execution of Locksley’s U.S. Mine to Market strategy and ongoing engagement with federal funding and grant programs
• Proceeds to accelerate drilling, downstream technology development, project execution and engagement with U.S. institutional partners and government agencies
• Single tranche placement of 70,833,334 new securities under ASX Listing Rules 7.1 and 7.1A
• Investor webinar on Locksley’s U.S. Development Progression and Execution Strategy scheduled for 9 December 2025

The company states that the placement was conducted under refreshed placement capacity following shareholder approval at the Annual General Meeting held on 28 November 2025, with settlement expected on or around 11 December 2025 and new shares ranking equally with existing fully paid ordinary shares.

The transaction was managed by Alpine Capital Pty Ltd and Titan Partners Group, a division of American Capital Partners, as joint lead managers, and an Appendix 2A and cleansing notice are to be released to the ASX in due course.

In outlining the use of funds, Locksley sets out a detailed execution list that includes rapid advancement of drilling, assay programs and structural mapping to define mineralisation across the Mojave Project, as well as acceleration of downstream processing and American made conversion planning for antimony products.

The company also plans enhanced positioning for engagement with federal level funding initiatives, accelerated progression toward first mover status in restoring domestic U.S antimony supply aligned with national security and industrial demand, and continuous parallel execution of permitting, stakeholder engagement, engineering and project scheduling.

The company frames these workstreams as central to Locksley Resources‘ role within the U.S. critical minerals ecosystem.

Managing Director and CEO Kerrie Matthews links the capital raising to institutional backing on both sides of the Pacific, stating:

“The depth of support across both international and Australian institutional markets represents a strong validation of our strategic pathway.”

The broader management commentary describes the involvement of leading U.S institutional investors as more than capital allocation and as a strategic endorsement of Locksley’s emerging role within the domestic U.S critical minerals sector.

It also notes that this support comes at a time when the U.S administration is emphasising critical minerals as a national security priority and seeking to reduce reliance on foreign controlled processing capacity.

The corporate background supplied in the announcement highlights Locksley’s focus on critical minerals in the United States of America and its execution of a mine-to-market strategy for antimony, aimed at re-establishing domestic supply chains for critical materials.

The Mojave Project comprises over 491 claims across contiguous prospect areas, including the North Block, Northeast Block and El Campo Prospect, with the North Block directly abutting claims held by MP Materials and El Campo lying along strike of the Mountain Pass Mine and being enveloped by MP Materials’ claims.

The Mountain Pass Mine and mill are described as North America’s only producing REE mine, and the project area is noted for strong geological continuity and exploration potential.

Within this land position, the Mojave Project hosts the historic Desert Antimony Mine, which last operated in 1937 and is described as representing one of the highest-grade known antimony occurrences in the U.S.

The announcement also notes that the United States currently has no domestic antimony production and that demand for the metal remains high due to its essential role in defence systems, semiconductors and metal alloys.

Against that backdrop, Locksley refers to rising geopolitical urgency to diversify supply chains away from China, identified as the global leader in both REE and antimony production, and to align the Mojave Project with U.S. strategic objectives around critical mineral independence and economic security.

Locksley will elaborate on recent milestones and its U.S. Mine to Market execution pathway at a live investor webinar titled “U.S Development Progression and Execution Strategy” on 9 December 2025, which will also outline upcoming development milestones.

For mid to high net worth investors tracking the evolution of U.S. critical minerals supply chains, the completion of the A$17,000,000 placement, underpinned by U.S. institutional participation and directed into defined exploration, downstream planning and federal engagement activities, sets the framework for the company’s next phase of work across its Mojave landholding.

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