Locksley Resources leaps onto upgraded OTCQX market as US scrambles for antimony

Locksley Resources has qualified for a listing on the elite OTCQX Best Market, just three months since listing on OTCQB Venture Market.

ASX-listed Locksley Resources (ASX: LKY) has spread its wings to North American investors after qualifying for trading on the elite OTCQX Best Market in the United States, just three months since first listing on the less prestigious OTCQB Venture Market.

Management says the lightning-fast graduation has turbocharged the company’s plans to become integral to the US critical minerals supply chain by forging ahead with its rare earths and antimony play at the Mojave project in California.

The OTCQX is reserved for established, investor-focused companies that meet strict financial standards, corporate governance protocols and full securities compliance.

The move therefore effectively opens the door for Locksley to tap into deeper US investor pockets as Washington accelerates its push to secure domestic supplies of materials deemed essential for national security.

The company’s flagship Mojave project sits in a prime position right next door to MP Materials’ giant Mountain Pass rare earths mine in California. It packs a powerful one-two punch of rare earth elements and what could be the highest-grade antimony occurrence ever recorded in the United States.

The historic Desert antimony mine, sitting within the project area, was last operated in 1937. However, it is now back in the spotlight as America scrambles to secure domestic supplies of the critical metal. The urgency to lock in domestic supply kicked off after China, with 78 per cent of global antimony production, elected to slap an export ban on the metal 12 months ago, sending the price rocketing 400 per cent to US$60,000 (A$91,000) per tonne.

Incredibly, the US produces no local antimony, even though it is an essential ingredient in the manufacture of ammunition, semiconductors and high-strength alloys, leaving Locksley in the box seat with a golden opportunity to potentially reopen its old mine and plug the gap.

Spanning almost 500 claims, the project is split into two high-impact zones - the North Block and the El Campo prospect. The North Block shares a boundary with MP Materials, while El Campo sits directly along strike, with several of the claims entirely encircled by MP’s tenements. At both sites, the grounds are showing serious signs of geological continuity and exploration upside.

“Graduating to the OTCQX Market in record time since our initial listing just over three months ago, is a significant milestone for Locksley as we broaden our visibility and accessibility to U.S. investors.” Locksley Resources Head of Strategy, Capital Markets & Commercialisation Nathan Lude

For Locksley, it says the positioning of the company’s project isn’t just strategic, it’s also symbolic of a broader mission to put the Stars and Stripes firmly back onto the global critical minerals map.

Management says that when Mojave links up to its downstream tech partnerships with leading US research institutions such as Rice University in Houston, the project adds serious firepower to its value chain, integrating exploration, processing and separation into a single cohesive strategy.

As the drill bit gets ready to turn, Locksley is perfectly poised to ride the wave of a global shift away from Chinese-controlled critical minerals supply chains.

Now trading under LKY on the ASX, LKYRF on the OTCQX, and X5L in Frankfurt, the company now has significant international investor exposure.

With boots on the ground in California and a project that ticks every strategic box, Locksley just might emerge as one of the more pivotal juniors in the race to secure America’s critical minerals future. As the Mojave sands shift, all eyes are now on Locksley.

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