– Raised A$17 million at A$0.24 per share through an oversubscribed placement to domestic and international institutional and sophisticated investors
– Cornerstone U.S. institutional support provides strong strategic validation of Locksley’s role in advancing the onshore supply of antimony and rare earths for U.S. national security and industrial supply chains
– A strengthened balance sheet enables rapid advancement of Locksley’s U.S. Mine to Market strategy while complementing continued involvement in federal financing and grant programs
– Funding accelerates drilling, downstream technology development, and project implementation while increasing engagement with U.S. institutional partners and key government agencies
– Locksley Investor Webinar – See link below
The placement was led by established US institutional investors and provided strong support for Locksley’s strategy to achieve a fully integrated, US-based ‘Mine to Market’ supply chain for critical minerals. Their participation brings not only capital, but also aligned industry expertise and ongoing commitment that support the company’s downstream development goals in the United States.
The increase was made under the company’s renewed placement capacity in accordance with ASX Listing Rules 7.1 and 7.1A, following shareholder approval at the annual general meeting on November 28, 2025.
Strategic execution made possible by the placement
Proceeds from the placement will accelerate the implementation of the following:
– Rapid progress of drilling, testing programs and structural mapping to define mineralization at the Mojave Project
– Expedited downstream processing and US conversion planning for antimony products
– Enhanced positioning for involvement in funding initiatives at the federal level, supporting Locksley’s role within the U.S. critical minerals ecosystem
– Accelerated progress toward first mover status in restoring U.S. domestic antimony supply in line with national security and industrial demand
– Continuous parallel execution of permits, stakeholder engagement, engineering and project planning
Kerrie Matthews, Managing Director of Locksley, said:
“The deep support in both the international and Australian institutional markets represents strong validation of our strategic trajectory. In particular, the strong level of US participation aligns directly with our downstream ambitions and reinforces the commercial relevance of our development plan.
The involvement of leading US institutional investors involves more than capital allocation; it is a strategic confirmation of Locksley’s emerging role within the domestic US critical minerals sector. This support comes at a time when the U.S. government is highlighting critical minerals as a national security priority and seeking to reduce dependence on foreign-controlled processing capacity.
With this institutional support, Locksley is positioned to increase its contribution to a US-based antimony and rare earths supply chain.
Importantly, this funding allows us to implement quickly while continuing to make progress on federal engagement initiatives. The capital secures our ability to accelerate exploration, development planning and downstream partnerships, unlocking the full potential of the Mojave Project.
We are delighted to welcome these new investors to the register and look forward to working with partners who can support our long-term growth agenda.”
Investor Webinar – US Development Progress and Execution Strategy
Locksley invites shareholders and investors to attend a live Investor Webinar to discuss recent milestones and provide an update on the progress of the U.S. Mine to Market execution journey and upcoming development milestones.
ZOOM WEBINAR: TUESDAY, DECEMBER 9, 2025 at 1:00 PM AEDT / 10:00 AM AWST
REGISTRATION LINK:
https://www.abnnewswire.net/lnk/85LT5VD6
Placement details:
The placement was managed by Alpine Capital Pty Ltd and Titan Partners Group, a division of American Capital Partners, who acted as Joint Lead Managers.
Settlement of the placement is expected to take place on or about December 11, 2025, with new shares ranking pari passu with existing, fully paid ordinary shares. A Schedule 2A and clean-up notice will be released to the ASX in due course.
The Placing is structured under a single tranche consisting of 70,833,334 new Securities to raise approximately A$17,000,000, executed under the placement capacity of the Offer in accordance with ASX LR 7.1 & LR 7.1A.
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX-listed explorer focused on critical minerals in the United States of America. The company is actively advancing exploration of two key assets: the Mojave project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly promising mineral region.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project includes more than 250 claims spread across two contiguous prospect areas, the North Block/Northeast Block and the El Campo Prospect. The North Block is directly adjacent to MP Materials’ claims, while El Campo lies along the Mountain Pass Mine strike and is surrounded by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project is home to the historic “Desert Antimony Mine,” which last operated in 1937. Although the United States currently has no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sampling results, the Desert Mine prospect represents one of the highest known antimony occurrences in the US
Locksley’s North American position is further strengthened by the increasing geopolitical urgency to diversify supply chains away from China, the global leader in both REE and antimony production. With the first drilling program now planned, the Mojave project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Tottenham project
Locksley’s Australian portfolio includes the advanced Tottenham Copper-Gold Project in New South Wales, targeting VMS-style mineralization
Source:
Locksley Resources Limited
Contact:
Kerrie Matthews
General manager
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au
Jane Morgan
Investor and media relations
T: +61 (0) 405 555 618
jm@janemorganmanagement.com.au
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