Funding accelerates execution of ‘Locksley’s U.S. Mine to Market’ strategy
8 December 2025 | Perth, Western Australia | Locksley Resources Limited (ASX: LKY / OTCQX: LKYRF / ADR: LKYLY) has successfully completed a heavily oversubscribed capital raising, securing firm commitments to raise approximately A$17 million via a placement of new shares at A$0.24 per share to domestic and international professional and institutional investors.
The Placement was led by well-established U.S. institutional investors, providing strategic validation of Locksley’s plan to deliver a fully integrated U.S.-based ‘Mine to Market’ critical minerals supply chain focused on antimony and rare earths. Their participation brings aligned sector expertise and strengthens Locksley’s engagement with U.S. institutional partners and government agencies as the Company advances its U.S. development pathway.
Placement highlights
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A$17 million raised at A$0.24 per share through an oversubscribed placement to domestic and international institutional and sophisticated investors.
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Cornerstone U.S. institutional support provides strategic endorsement of Locksley’s role in advancing onshore supply of antimony and rare earths for U.S. national security and industrial supply chains.
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Strengthened balance sheet enables rapid progression of Locksley’s U.S. Mine to Market strategy alongside ongoing engagement with federal funding and grant programs.
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Funding will accelerate drilling, downstream technology development and project execution, while deepening engagement with U.S. institutional partners and key government agencies.
Strategic execution enabled by the Placement
Proceeds from the Placement will support accelerated execution across Locksley’s Mojave Project in California and its downstream strategy, including:
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Rapid advancement of drilling, assay programs and structural mapping to define mineralisation across the Mojave Project.
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Acceleration of downstream processing and American-made conversion planning for antimony products.
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Enhanced positioning for engagement with U.S. federal funding initiatives within the critical minerals ecosystem.
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Accelerated progression toward first-mover status in restoring domestic U.S. antimony supply aligned with national security and industrial demand.
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Ongoing parallel execution of permitting, stakeholder engagement, engineering and project scheduling.
Locksley Managing Director, Kerrie Matthews, commented:
“The depth of support across both international and Australian institutional markets represents a strong validation of our strategic pathway. In particular, the strong level of U.S. participation aligns directly with our downstream ambitions and reinforces the commercial relevance of our development plan.
The involvement of leading U.S. institutional investors is more than capital allocation; it is a strategic endorsement of Locksley’s emerging role within the domestic U.S critical minerals sector. 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.
With this institutional backing, Locksley is positioned to advance its contribution to a U.S. based supply chain for antimony and rare earths.
Importantly, this funding allows us to execute at pace while continuing to progress 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
Locksley invites shareholders and investors to attend a live Investor Webinar to discuss recent milestones and provide an update on the advancement of its U.S. Mine to Market execution pathway and upcoming development milestones:
Locksley Investor Webinar – U.S. Development Progression and Execution Strategy Tuesday, 9 December 2025 | 1:00pm AEDT / 10:00am AWST
Registration: https://janemorganmanagement-au.zoom.us/webinar/register/WN_2rRGZcffSS-LNj_d6T1lyw
Placement details
The Placement was managed by Alpine Capital Pty Ltd and Titan Partners Group, a division of American Capital Partners, acting as Joint Lead Managers. Settlement is expected on or around 11 December 2025, with new shares ranking equally with existing fully paid ordinary shares. The Placement comprises a single tranche of 70,833,334 new securities to raise approximately A$17,000,000 under ASX Listing Rules 7.1 and 7.1A, following shareholder approval at the Company’s AGM on 28 November 2025.
Not an offer of securities
This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be,registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.
About us:
About Locksley Resources Limited
Locksley Resources Limited is focused on critical minerals in the United States of America. The Company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at re-establishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This integrated approach combines resource development with innovative processing and separation technologies, positioning Locksley to play a key role in advancing U.S. critical minerals independence.
Contact details:
Kerrie Matthews – Chief Executive Officer
T: +61 8 9481 0389 | E: [email protected]
Jane Morgan – Investor & Media Relations
T: +61 (0) 405 555 618 | E: [email protected]
