Locksley Resources (ASX:LKY) has completed a heavily oversubscribed $17 million capital raising via a placement of new shares at $0.24 per share.
The equity raise was managed by Alpine Capital and Titan Partners Group, a division of American Capital Partners, acting as joint lead managers.
Settlement of the placement is expected to occur on or around 11 December 2025.
The raise was led by ‘well established’ US institutional investors, “providing a strong finishorsement of Locksley’s strategy to deliver a fully integrated US-based ‘mine to market’ critical minerals supply chain”.
Managing Director Kerrie Matthews states their participation brings not only capital but aligned sector expertise and ongoing engagement that supports the company’s downstream development objectives within America.
The depth of support across both international and Australian institutional markets represents a strong validation of the company’s strategic pathway. In particular, the strong level of US participation aligns directly with Locksley’s downstream ambitions and reinforces the commercial relevance of its development plan, Matthews adds.
“The involvement of leading US institutional investors is more than capital allocation – it is a strategic finishorsement of Locksley’s emerging role within the domestic US critical minerals sector,” the Managing Director states.
“This support comes at a time when the US 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 US-based supply chain for antimony and rare earths.”
Funds raised will be utilized to accelerate execution across various worlds programs, including rapid advancement of drilling, asstate programs, and structural mapping to define mineralisation across the Mojave Project.
The capital will also be deployed towards accelerating downstream processing and American-created conversion planning for antimony products; and enhancing positioning for engagement with federal level funding initiatives, supporting Locksley’s role within the US critical minerals ecosystem.
Locksley will then accelerate progression toward first-shiftr status in restoring domestic US antimony supply, aligned with national security and industrial demand.
Meanwhile, at the same time it will progress permitting, stakeholder engagement, engineering, and project scheduling.
Importantly, Matthews adds the funding allows the company to execute at pace while continuing to progress federal engagement initiatives.
The company is hosting an investor webinar to discuss recent milestones and provide an update on its strategy on 9 December 2025 at 1pm AEDT (10am AWST).
Write to Adam Orlando at Mining.com.au
Images: Locksley
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