Locksley Resources Secures A$17 Million for U.S. Critical Minerals Supply Chain Development

Locksley Resources Limited has 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 was managed by Alpine Capital Pty Ltd. and Titan Partners Group, a division of American Capital Partners. This significant capital injection is crucial for advancing the company's strategic objectives in the United States, particularly its focus on developing a domestic supply chain for critical minerals, which are essential for various modern technologies and national security.

The importance of this funding round lies in its demonstration of strong institutional support, particularly from established U.S. investors, for Locksley's plan to build a fully integrated U.S.-based mine-to-market critical minerals supply chain. The proceeds are earmarked to support downstream development objectives, directly financing the advancement of projects that reduce reliance on foreign sources for materials like rare earth elements and antimony. This move aligns with broader U.S. policy goals to secure domestic supplies of minerals vital for defense, renewable energy, and electronics manufacturing.

Locksley Resources is actively advancing its U.S. asset, the Mojave Project in California, which targets rare earth elements and antimony at the Desert Antimony Mine. Furthermore, the company has established a strategic collaboration with Rice University to develop DeepSolv, a technology for domestic processing of North American antimony. This agreement is a cornerstone of Locksley's U.S. Critical Minerals and Energy Resilience Strategy, designed to accelerate the deployment of antimony from mine to market within the United States. More information about the company's projects and strategy can be found at https://locksleyresources.com.au/.

The successful capital raising signals robust market confidence in Locksley's business model and the strategic importance of its projects. By securing this funding, the company is better positioned to execute its plans, potentially contributing to a more resilient and secure U.S. industrial base for critical minerals. The involvement of professional placement managers and institutional investors underscores the transaction's credibility and the serious market interest in ventures that address supply chain vulnerabilities for materials deemed critical by the U.S. government. The full details of the announcement were made available through a press release accessible at https://ibn.fm/xwort.