Locksley’s U.S. Critical Minerals Strategy Hinges on Regulatory Approvals and Partnerships
Locksley Resources has completed an oversubscribed capital raising and appointed Tribeca Capital to drive its U.S.-focused critical minerals strategy, targeting rare earths and antimony supply chains aligned with government initiatives.
- Oversubscribed institutional capital raising completed
- Tribeca Capital appointed as strategic advisor for U.S. critical minerals growth
- Focus on rare earth elements and antimony at Mojave Project, California
- Plans to commence drilling following regulatory approvals in September 2025
- Strategic positioning to leverage U.S. government funding and supply chain initiatives
Strategic Capital Raise and Advisory Appointment
Locksley Resources Limited (ASX, LKY) has successfully completed an oversubscribed capital raising focused on institutional investors, marking a significant step in its growth trajectory. This capital injection not only strengthens the company’s financial position but also initiates the institutionalisation of its shareholder register with the addition of multiple Australian funds and professional investors.
Complementing this financial milestone, Locksley has appointed Tribeca Capital Pte. Ltd. as a strategic advisor. Tribeca Capital brings deep expertise in critical minerals and advanced materials, along with a global network spanning natural resources, technology sectors, and government agencies. This partnership is designed to accelerate Locksley’s ambitions within the U.S. critical minerals landscape, particularly in rare earth elements (REE) and antimony.
Positioning Within U.S. Critical Minerals Supply Chains
Locksley’s flagship Mojave Project in California is strategically located adjacent to MP Materials’ claims, a leading rare earths producer in the United States. The project area includes the historic Desert Antimony Mine, notable for its exceptionally high-grade antimony surface samples, a metal critical for defense, semiconductors, and alloys. The U.S. currently lacks domestic antimony production, making Locksley’s assets particularly relevant amid growing geopolitical efforts to secure and diversify supply chains away from dominant global producers.
Tribeca Capital’s role will be pivotal in navigating this complex environment. Their advisory services encompass facilitating introductions to technology partners, government funding programs, and potential downstream processing collaborations. This support aims to position Locksley to capitalize on U.S. government initiatives focused on building a fully integrated domestic critical minerals supply chain.
Upcoming Operational Milestones
Looking ahead, Locksley anticipates receiving Bureau of Land Management (BLM) approvals for an expanded Plan of Operations by September 2025, enabling the commencement of drilling activities shortly thereafter. The company plans to integrate recent geological modelling and surface sampling data to establish a JORC Exploration Target ahead of drilling. Metallurgical testwork targeting recovery and upgrading of REEs and antimony is also underway, with the expanded Desert Antimony drill program expected to yield initial results in the fourth quarter of 2025.
Further, Locksley intends to leverage Tribeca’s networks to deepen engagement with U.S. investors and government bodies, seeking strategic capital and policy-aligned funding. The company is actively exploring downstream collaboration opportunities, including processing technologies and e-waste initiatives, to enhance value creation and align with national supply chain security mandates.
Broader Strategic Implications
Locksley’s dual-asset portfolio, including the Tottenham Copper-Gold Project in New South Wales, complements its U.S. operations by providing exposure to base metals in established mining regions. However, the spotlight remains firmly on the Mojave Project, where the convergence of high-grade mineralisation, strategic location, and supportive government policies creates a compelling growth narrative.
Chairman Nathan Lude emphasised the importance of Tribeca Capital’s appointment, highlighting the firm’s ability to connect Locksley with critical stakeholders and accelerate its positioning within the global critical minerals sector. As the energy transition intensifies and supply chain security becomes paramount, Locksley’s proactive approach could unlock significant shareholder value.
Bottom Line?
With drilling imminent and strategic partnerships forming, Locksley is poised to deepen its footprint in the U.S. critical minerals arena, but execution risks and regulatory timelines remain key watchpoints.
Questions in the middle?
- What specific capital amount was raised in the recent institutional placement?
- How quickly can Locksley translate advisory support into tangible downstream processing partnerships?
- What are the potential impacts of U.S. government funding programs on Locksley’s project timelines and valuation?
