Locksley Resources Advances High-Grade Critical Minerals Projects with Drilling and Strong U.S. Strategic Support
Summary
Secured $6 million cash from a heavily oversubscribed placement to fund near-term exploration programs focused on antimony and rare earth elements (REE) at Mojave Project, California.
Obtained Bureau of Land Management approvals for expanded drilling programs at Desert Antimony Mine and El Campo REE prospect, with drilling scheduled to start in September 2025.
Project located just 1.4 km from MP Materials’ Mountain Pass Mine, offering unique proximity to established processing infrastructure and strategic U.S. government support.
Post-2025 U.S. Executive Order benefits include accelerated permitting and access to federal funding channels from Department of Defense, Department of Energy, and EXIM Bank.
High-grade assays at Desert Antimony Mine (up to 46% antimony; 1,022 g/t silver) and El Campo REE prospect (up to 12.1% TREO including 3.19% NdPr) highlight significant exploration potential.
Major strategic partners and federal programs underpin a downstream processing and integration strategy to reduce U.S. reliance on foreign critical mineral supply chains.