Locksley Res Ltd Stock Price, News & Analysis

Locksley Resources (OTCQX: LKYRF) is advancing a U.S. mine-to-market plan at the Desert Antimony Mine (DAM) with workstreams aimed at pilot production in 2026. Key technical milestones include LiDAR mapping of ~236m of historical workings, a JORC 2012 Exploration Target of 19,400–67,700 tonnes of antimony metal, and a 325 kg bulk sample averaging 7.6–7.8% Sb that produced a 68.1% Sb concentrate in testwork. Locksley has signed an MoU with Hazen Research and a collaboration with Rice University on extraction technology, and is assessing underground access and permitting pathways.

Sector context: Permitting and export-policy shifts from China and large financings and revenue moves at U.S. peers underline market opportunity and near-term policy risk for antimony supply chains.

Locksley Resources (OTCQX: LKYRF) received a Letter of Interest from EXIM dated Nov 3, 2025 outlining intent to provide up to US$191 million in potential project financing for the Mojave Project in California.

The LOI supports due diligence and underwriting toward a formal financing package while the company advances upstream mine development, downstream modular refining with Rice University collaboration, and production of a 100% American made antimony ingot. EXIM programs cited prioritize critical minerals that reduce foreign supply dependence and support U.S. national security.

Locksley Resources (OTCQX: LKYRF / ASX: LKY) announced on October 21, 2025 the production of a 100% American-made antimony ingot sourced from its Mojave Desert Antimony Mine and refined by Hazen Research in Colorado. The milestone validates a US mine-to-metal supply chain independent of Chinese processing and supports US government critical-mineral objectives.

Key technical result: a 68.1% antimony first-pass concentrate (95% of technical maximum 71.68%), exceeding typical marketable thresholds. Locksley is advancing to pilot-scale production, permitting, offtake engagement, and funding discussions with advisors including GreenMet.

Locksley Resources (OTCQX:LYRF) announced on October 20, 2025 that it produced a 100% American-made antimony ingot, sourcing ore from its Mojave Desert mine and refining it in the U.S. by Hazen Research.

The company calls the result a proof-of-concept for a full U.S. mine-to-metal supply chain and says it will focus on scaling the process commercially while working with partners and Washington DC advisors to advance permitting and funding.

Locksley Resources (OTCQX:LKYRF) reported that structural mapping at its Mojave Project expanded the Desert Antimony Mine (DAM) target horizon by 400% (sixfold), identifying a new parallel structural target and enlarging the potential mineralized corridor. Mapping was completed late in Q3 2025 and a third-phase structural program is expected to start next month.

Additional findings include regional lamprophyre dykes suggesting further critical-mineral potential, and high-grade silver assays up to 216 g/t Ag at the Hendricks Prospect with anomalous Zn, Pb and Cu. The company highlighted strategic alignment with U.S. onshoring policies and a collaboration with Rice University on DeepSolv™ for antimony processing.

Locksley Resources (OTCQB: LKYRF) reported initial metallurgical test work on surface samples from its Desert Antimony Mine in California produced a 68.1% antimony (Sb) flotation concentrate from first-pass rougher/regrind/cleaner tests. The company said this grade is ~95% of the technical maximum stibnite grade of 71.68% and comfortably exceeds a cited marketable threshold of 55% Sb. Locksley plans to collect a bulk underground sample for further testwork and ingot production and highlighted a collaboration with Rice University to develop DeepSolv™ for domestic antimony processing.

Locksley Resources (OTCQB: LKYRF) has appointed two industry veterans to key executive positions to accelerate its US antimony production strategy. Kerrie Matthews joins as CEO, bringing over 20 years of experience in major resource projects, including BHP's $3.8 billion South Flank Project and Iluka's $1.8 billion Eneabba Rare Earths Refinery.

Danny George has been named COO, bringing extensive global experience in project execution across mining, energy, and infrastructure sectors. The appointments aim to advance the Desert Antimony Mine in Mojave and establish large-scale commercial antimony processing capacity in the US. Additionally, Technical Director Julian Woodcook has resigned but will continue as a technical consultant.

Locksley Resources (OTCQB: LKYRF) has reported promising initial metallurgical test results from its Desert Antimony Mine (DAM) Prospect at the Mojave Project. The tests demonstrated antimony grades ranging from 27.5% to 39.1% with impressive recovery rates between 82.9% and 85.9% across six samples.

The results validate the project's potential to establish a domestic mine-to-market antimony supply chain, aligning with U.S. government priorities for critical mineral supply security. The company has partnered with Rice University to utilize their Deep Solv™ methodology for antimony extraction, advancing Locksley's U.S. Critical Minerals and Energy Resilience Strategy.

Locksley Resources (OTCQB: LKYRF) has announced a significant expansion of its exploration program in California's Mojave Desert following the addition of 249 new claims. The company's total landholding now encompasses 491 claims covering over 40 square kilometers of critical minerals-rich territory adjacent to MP Materials, North America's only active rare earths producer.

Recent geological mapping has revealed a substantial historical shaft estimated at over 15 meters deep. The company is currently evaluating the historical mining activities and commodity composition. Additionally, Locksley has formed a strategic collaboration with Rice University to develop DeepSolv™, aimed at domestic processing of North American antimony.