Locksley Resources secures $5.3m to charge ahead with U.S. rare earths and antimony push

In a move that reinforces confidence in its U.S. centric critical minerals strategy, Locksley Resources (ASX:LKY; OTCQB:LKYRF) has completed a heavily oversubscribed $5.3 million placement, led by global investment group Tribeca Investment Partners.

The raise, priced at 9.5 cents per share, brings a dozen new institutions onto the register and provides the company with capital to accelerate drilling at its Mojave Project in California, where high-grade rare earth element (REE) and antimony mineralisation is being targeted.

It will also support downstream processing initiatives and broader operational needs.

Highlights

• $5.3 million raised at 9.5 cents per share

• Oversubscribed placement led by Tribeca Investment Partners

• Strong institutional demand from both new and existing shareholders

• Funds directed toward Mojave drilling, downstream initiatives and working capital

• Supports U.S. strategic goals in critical minerals and supply chain diversification

Locksley Resources Mojave Project occupies prime geological real estate, straddling more than 250 claims in a district flanked by MP Materials’ tenements and just 1.4 kilometres from the Mountain Pass Mine, the only active rare earths mine in the U.S.

The company also controls the historic Desert Antimony Mine, a high-grade prospect boasting surface samples of up to 46% antimony and 1,022 grams per tonne silver.

With antimony listed as a critical mineral by the U.S. government due to its use in semiconductors, metal alloys and defence systems, and with no current domestic production, Locksley’s potential to contribute to America’s critical minerals security is gaining attention.

“We are extremely pleased with the level of demand and the quality of institutional participation in this placement,” said Locksley Chairman Nathan Lude.

“Having Tribeca cornerstone the raising is a strong endorsement of our strategy and team. This funding places us in a strong position to execute our exploration and downstream plans across the Mojave Project and unlock the full value of our U.S. based critical minerals portfolio.”

The funding was facilitated by Alpine Capital, acting as lead manager and bookrunner, and will be issued across two tranches pending shareholder approval.

The transaction also follows Locksley’s recent shareholder vote in favour of expanding its placement capacity, signalling investor alignment with the company’s growth trajectory.

With a clear focus on building value through discovery and strategic alignment, Locksley is positioning itself as a potential key player in the reshoring of critical mineral supply chains.

In tandem with drilling, the company plans to pursue downstream partnerships and leverage its U.S. footprint to tap into aligned federal permitting and funding programs.

For mid to high net worth investors looking to track early-mover exposure to the American critical minerals renaissance, Locksley’s next phase of activity may offer a compelling narrative to follow.