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FAQ: Locksley Resources' Oversubscribed A$17 Million Capital Raising and Strategic Focus
TL;DR
Locksley Resources secured A$17 million in oversubscribed funding, providing investors early access to a U.S. critical minerals supply chain with strong institutional backing.
The company raised funds through a share placement at A$0.24 per share, managed by Alpine Capital and Titan Partners, to develop its mine-to-market strategy.
This funding supports domestic processing of critical minerals in the U.S., enhancing energy resilience and reducing reliance on foreign supply chains.
Locksley Resources collaborates with Rice University on DeepSolv technology to process antimony from its Mojave Project in California.
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Locksley Resources Limited announced the successful completion of a heavily oversubscribed capital raising, securing approximately A$17 million through a placement of new shares at A$0.24 per share.
The company raised approximately A$17 million through the placement of new shares at A$0.24 per share.
The placement received commitments from Australian, U.S., and international investors, with cornerstone participation from established U.S. institutional investors.
The oversubscribed placement demonstrates strong investor support for the company's strategy to develop a fully integrated U.S.-based mine-to-market critical minerals supply chain.
The proceeds will support downstream development objectives as part of Locksley's strategy to accelerate 'mine-to-market' deployment of critical minerals in the U.S.
The placement was managed by Alpine Capital Pty Ltd. and Titan Partners Group, a division of American Capital Partners.
Locksley Resources is an Australian-based explorer focused on critical minerals, particularly rare earth elements and antimony, with operations in the United States.
The Mojave Project is Locksley's U.S. asset located in California, targeting rare earth elements and antimony (The Desert Antimony Mine).
The company has a strategic collaboration with Rice University to develop DeepSolv for domestic processing of North American antimony.
For more information, visit https://locksleyresources.com.au/ or view the full press release at https://ibn.fm/xwort.
Curated from InvestorBrandNetwork (IBN)
