Locksley Announces Oversubscribed A$17 Million Placement Lead by U.S. Investors Funding to Accelerate Execution of Locksley's U.S. Mine to Market Strategy

Rhea-AI Summary

Locksley Resources (ASX: LKY / ADR: LKYLY) completed an oversubscribed placement raising approximately A$17 million via new shares priced at A$0.24 per share to Australian, U.S. and international investors on Dec 8, 2025.

Cornerstone participation from established U.S. institutional investors was cited as a strategic endorsement of Locksley's U.S. "Mine to Market" critical minerals plan, which targets the Mojave Project (REE) and the Desert Antimony Mine and includes a collaboration with Rice University on DeepSolv™ for domestic antimony processing. Settlement is expected on or around Dec 11, 2025 and new shares will rank equally with existing ordinary shares.

Positive

• Raised A$17 million through an oversubscribed placement at A$0.24 per share
• Cornerstone support from established U.S. institutional investors
• Strategic funding to advance Mojave Project (REE) and Desert Antimony Mine
• Collaboration with Rice University on DeepSolv™ for domestic antimony processing

Negative

• Placement will dilute existing shareholders by issuing new shares at A$0.24
• Settlement expected on or around Dec 11, 2025, creating short-term execution and funding timing risk

Key Figures

Placement proceeds A$17 million Oversubscribed capital raising via placement of new shares

Placement price A$0.24 per share Issue price for new shares in the placement

Settlement date December 11, 2025 Expected settlement of the placement

Market Reality Check

$2.70 Last Close

Market Pulse Summary

This announcement details an oversubscribed equity placement raising A$17 million at A$0.24 per share, backed by U.S. institutional investors. The funds are earmarked to advance a U.S.-focused “mine to market” critical minerals strategy, including the Mojave Project and the DeepSolv™ collaboration for antimony processing. Investors may watch for execution milestones, regulatory progress, and deployment of capital across exploration and downstream development objectives.

Key Terms

placement financial

"raise approximately A$17 million via a placement of new shares at A$0.24"

Placement is a company’s sale of new shares or bonds directly to a limited group of investors instead of offering them to the general public. It matters to investors because it raises cash for the company but can change the number of shares outstanding and the mix of owners, which can dilute existing holdings or signal management’s view of financing needs — like a bakery selling a private batch to a few cafes rather than opening it to all customers.

AI-generated analysis. Not financial advice.

SAN BERNARDINO, Calif., Dec. 8, 2025 /PRNewswire/ -- Locksley Resources Limited (ASX: LKY/OTCQX: LKYRF/ADR: LKYLY) announced the successful completion of 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 Australian, US and international investors.

Cornerstone investors in the placement included well established U.S. institutional investors, providing a strong endorsement of Locksley's strategy to deliver a fully integrated U.S. based "Mine to Market" critical minerals supply chain. More information is here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03034436-6A1302041&v=undefined.

"This depth of support from Australian, U.S. and other international investors represents a strong validation of our strategic pathway and brings both capital as well as sector expertise and ongoing engagement that supports our downstream development objectives in the U.S.," said Kerrie Matthews, Locksley Managing Director and CEO.

She added: "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 and comes at a time when the U.S. administration is emphasizing critical minerals as a national security priority and seeking to reduce reliance on foreign-controlled processing capacity."

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 of the placement is expected to occur on or around December 11, 2025, with new shares to rank equally with existing paid ordinary shares.

Locksley Resources (https://www.locksleyresources.com.au) is an Australian-based explorer focused on critical minerals. The company is actively advancing its U.S. Asset, the Mojave Project, in California, targeting rare earth elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv™ for domestic processing of North American antimony. This agreement is a cornerstone of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

View original content:https://www.prnewswire.com/news-releases/locksley-announces-oversubscribed-a17-million-placement-lead-by-us-investors-funding-to-accelerate-execution-of-locksleys-us-mine-to-market-strategy-302635253.html

SOURCE Locksley Resources

FAQ

How much did Locksley (LKYLY) raise in the Dec 8, 2025 placement?

Locksley raised approximately A$17 million via a placement priced at A$0.24 per share.

Who led the A$17 million placement for Locksley (LKYLY)?

The placement included cornerstone participation from established U.S. institutional investors and was managed by Alpine Capital and Titan Partners Group.

When will Locksley (LKYLY) settlement and allotment for the placement occur?

Settlement is expected on or around Dec 11, 2025, after which new shares will rank equally with existing ordinary shares.

What will Locksley (LKYLY) use the A$17 million placement proceeds for?

Proceeds are intended to accelerate execution of Locksley's U.S. mine-to-market strategy, advancing the Mojave Project and antimony downstream development.

Does the placement change Locksley's (LKYLY) U.S. strategy or partnerships?

The placement reinforces funding and engagement for Locksley's U.S. strategy, including a strategic collaboration with Rice University on DeepSolv™.