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HIGHLIGHTS
– A$17 million raised at A$0.24 per share by way of an oversubscribed placement to home and worldwide institutional and complex traders
– Cornerstone U.S. institutional help supplies sturdy strategic validation of Locksley’s function in advancing onshore provide of antimony and uncommon earths for U.S. nationwide safety and industrial provide chains
– Strengthened stability sheet permits speedy development of Locksley’s U.S. Mine to Market technique whereas complementing ongoing engagement with federal funding and grant applications
– Funding accelerates drilling, downstream expertise improvement, and undertaking execution, whereas deepening engagement with U.S. institutional companions and key authorities businesses
– Locksley Investor Webinar – See hyperlink beneath
The Placement was led by nicely established U.S. institutional traders, offering a robust endorsement of Locksley’s technique to ship a totally built-in U.S. primarily based ‘Mine to Market’ crucial minerals provide chain. Their participation brings not solely capital however aligned sector experience and ongoing engagement that helps the Firm’s downstream improvement goals inside america.
The increase was carried out beneath the Firm’s refreshed placement capability pursuant to ASX Itemizing Guidelines 7.1 and seven.1A, following shareholder approval on the Annual Basic Assembly held on 28 November 2025.
Strategic Execution Enabled by the Placement
Proceeds from the Placement will speed up execution throughout the next:
– Speedy Development of drilling, assay applications and structural mapping to outline mineralisation throughout the Mojave Challenge
– Acceleration of downstream processing and American-made conversion planning for antimony merchandise
– Enhanced positioning for engagement with federal degree funding initiatives, supporting Locksley’s function inside the U.S. crucial minerals ecosystem
– Accelerated development towards first-mover standing in restoring home U.S antimony provide, aligned with nationwide safety and industrial demand
– Steady parallel execution of allowing, stakeholder engagement, engineering and undertaking scheduling
Locksley Managing Director, Kerrie Matthews, commented:
“The depth of help throughout each worldwide and Australian institutional markets represents a robust validation of our strategic pathway. Specifically, the sturdy degree of U.S. participation aligns straight with our downstream ambitions and reinforces the industrial relevance of our improvement plan.
The involvement of main U.S. institutional traders is greater than capital allocation; it’s a strategic endorsement of Locksley’s rising function inside the home U.S crucial minerals sector. This help comes at a time when the usadministration is emphasising crucial minerals as a nationwide safety precedence and looking for to cut back reliance on foreign-controlled processing capability.
With this institutional backing, Locksley is positioned to advance its contribution to a U.S. primarily based provide chain for antimony and uncommon earths.
Importantly, this funding permits us to execute at tempo whereas persevering with to progress federal engagement initiatives. The capital secures our potential to speed up exploration, improvement planning, and downstream partnerships, unlocking the total potential of the Mojave Challenge.
We’re delighted to welcome these new traders to the register and stay up for working with companions who can help our long-term progress agenda.”
Investor Webinar – U.S Improvement Development & Execution Technique
Locksley invitations shareholders and traders to attend a dwell Investor Webinar to debate latest milestones and supply an replace on the development of its U.S Mine to Market execution pathway and upcoming improvement milestones.
ZOOM WEBINAR: TUESDAY, ninth DECEMBER 2025 at 1:00pm AEDT / 10:00am AWST
REGISTRATION LINK:
https://www.abnnewswire.internet/lnk/85LT5VD6
Placement Particulars:
The Placement was managed by Alpine Capital Pty Ltd and Titan Companions Group, a division of American Capital Companions, appearing as Joint Lead Managers.
Settlement of the Placement is anticipated to happen on or round 11 December 2025, with new shares to rank equally with current absolutely paid extraordinary shares. An Appendix 2A and cleaning discover will probably be launched to the ASX sooner or later.
The Placement is structured beneath a single tranche comprising 70,833,334 new Securities to boost roughly A$17,000,000, carried out beneath the position capability of the Provide in accordance with ASX LR 7.1 & LR 7.1A.
About Locksley Sources Restricted:
Locksley Sources Restricted (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer targeted on crucial minerals in america of America. The Firm is actively advancing exploration throughout two key property: the Mojave Challenge in California, concentrating on uncommon earth components (REEs) and antimony. Locksley Sources goals to generate shareholder worth by way of strategic exploration, discovery and improvement on this extremely potential mineral area.
Mojave Challenge
Positioned within the Mojave Desert, California, the Mojave Challenge contains over 250 claims throughout two contiguous prospect areas, specifically, the North Block/Northeast Block and the El Campo Prospect. The North Block straight abuts claims held by MP Supplies, whereas El Campo lies alongside strike of the Mountain Go Mine and is enveloped by MP Supplies’ claims, highlighting the sturdy geological continuity and exploration potential of the undertaking space.
Along with uncommon earths, the Mojave Challenge hosts the historic “Desert Antimony Mine”, which final operated in 1937. Regardless of america at the moment having no home antimony manufacturing, demand for the metallic stays excessive on account of its important function in protection techniques, semiconductors, and metallic alloys. With important floor pattern outcomes, the Desert Mine prospect represents one of many highest-grade recognized antimony occurrences within the U.S.
Locksley’s North American place is additional strengthened by rising geopolitical urgency to diversify provide chains away from China, the worldwide chief in each REE & antimony manufacturing. With its maiden drilling program deliberate, the Mojave Challenge is uniquely positioned to align with U.S. strategic goals round crucial mineral independence and financial safety.
Tottenham Challenge
Locksley’s Australian portfolio contains the superior Tottenham Copper-Gold Challenge in New South Wales, targeted on VMS-style mineralisation
Supply:
Locksley Sources Restricted
Contact:
Kerrie Matthews
Chief Government Officer
Locksley Sources Restricted
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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