Tribeca backs LKY for US critical minerals
Company gains access to global networks and expertise to capitalise on US government critical minerals initiatives
BLM approvals for expanded Desert Antimony prospect drilling expected in September
Special Report: Locksley Resources has appointed cornerstone investor Tribeca Capital as its strategic advisor to support a critical minerals growth strategy focused on the US.
Tribeca anchored the recently completed $5.3m capital raising that will fund exploration, permitting and downstream development for the company's Mojave antimony and rare earths project in California.
It will now expand its relationship with Locksley Resources (ASX:LKY/OTCQB: LKYRF) by providing its strategic advisory service and access to its global network across the natural resources and technology sectors.
This will support the company in advancing its critical minerals strategies by identifying new technologies, engaging with governments and capitalising on funding and commercialisation opportunities.
LKY will also be able to lean on Tribeca's strategic expertise to capitalise on US government initiatives aimed at securing domestic supply chains for antimony and rare earth elements.
'Tribeca Capital's appointment as a strategic advisor to our critical minerals strategy, marks another important step in positioning Locksley at the forefront of the US and global push for secure, sustainable supply chains,' Chairman Nathan Lude said.
'Their expertise and reach across the critical minerals, technologies and international networks will be invaluable as we progress our projects and pursue downstream opportunities to further enhance shareholder value.'
Tribeca's head of corporate advisory Scott Clements added that the specialist corporate advisory was excited to partner with LKY at a time when critical minerals are central to global energy transition and supply chain security discussions.
'With our global network and experience working with innovative companies and technologies, we look forward to supporting Locksley's strategy and helping position the company as a key player in this vital sector,' he added.
Watch: Locksley's head of critical minerals explains the US industry
Road ahead
The company expects to receive US Bureau of Land Management approvals for the expanded Plan of Operations in September 2025, allowing it to start drilling at Mojave shortly thereafter.
First results from drilling at the Desert Antimony prospect are expected in Q4 2025.
It will also start first phase metallurgical program to determine the best ways to upgrade and process Mojave ore to produce REEs and antimony as well as progress downstream collaboration opportunities centred around the US government mandate to create a domestic fully integrated critical minerals supply chain.
The latter encompasses potential technology partnerships in processing capabilities, e-waste and other technologies.
Additionally, LKY will further US investor and government engagement leveraging Tribeca's networks to secure strategic capital and policy aligned funding.
It will also evaluate and release a maiden JORC exploration to build on recent mapping and planned drilled results along with strengthening its US supply chain positioning with additional project level initiatives and strategic partnerships to enhance long term value creation.
Mojave is directly next door to MP Materials' Mountain Pass rare earths mine, recently subject to two hefty investments from the US Department of Defense and US tech giant Apple.
Its El Campo prospect lies directly along strike from Mountain Pass while surface sampling has also uncovered potential for antimony and silver with results up to 46% Sb and 1022g/t silver.
This article was developed in collaboration with Locksley Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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