Locksley Resources Secures A$17 Million for U.S. Critical Minerals Development
TL;DR
Locksley Resources secured A$17 million in oversubscribed funding, providing investors early access to a U.S. critical minerals supply chain with strong institutional backing.
The company raised funds through a share placement at A$0.24 per share, managed by Alpine Capital and Titan Partners, to develop its mine-to-market strategy.
This funding supports domestic processing of critical minerals in the U.S., enhancing energy resilience and reducing reliance on foreign supply chains.
Locksley Resources collaborates with Rice University on DeepSolv technology to process antimony from its Mojave Project in California.
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Locksley Resources Limited has successfully completed 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. The placement attracted participation from Australian, U.S., and international investors, with cornerstone involvement from established U.S. institutional investors demonstrating strong support for the company's strategic direction.
The capital raising underscores investor confidence in Locksley Resources' strategy to develop a fully integrated U.S.-based mine-to-market critical minerals supply chain. Proceeds from the placement will support downstream development objectives, managed by Alpine Capital Pty Ltd. and Titan Partners Group, a division of American Capital Partners. This financial backing comes at a crucial time as global demand for critical minerals continues to grow amid increasing geopolitical tensions and supply chain vulnerabilities.
The company's primary focus is advancing its U.S. asset, the Mojave Project in California, which targets rare earth elements and antimony through the Desert Antimony Mine. This development is particularly significant given the current global reliance on China for rare earth elements and antimony production. According to industry analysts, China currently controls approximately 80% of global rare earth element processing capacity, creating strategic vulnerabilities for Western nations.
Locksley Resources has established a strategic collaboration with Rice University to develop DeepSolv technology for domestic processing of North American antimony. This agreement forms a cornerstone of the company's U.S. Critical Minerals and Energy Resilience Strategy, aimed at accelerating mine-to-market deployment of antimony within the United States. The technology partnership represents a significant step toward reducing dependence on foreign processing capabilities.
The successful capital raising signals growing market recognition of the strategic importance of domestic critical minerals production. As nations worldwide seek to secure their supply chains for technologies ranging from electric vehicles to defense systems, companies like Locksley Resources are positioning themselves to address these emerging needs. The Mojave Project's location in California provides additional strategic advantages, including proximity to technology manufacturing centers and existing infrastructure.
For more information about Locksley Resources Limited, visit https://locksleyresources.com.au/. The placement details and company strategy are further explained in the official announcement available at https://ibn.fm/xwort.
Curated from InvestorBrandNetwork (IBN)
