Locksley Resources (ASX:LKY) has upgraded its listing from the OTCQB Venture Market to now trade on the OTCQX Best Market.
The company states that trading on the OTCQX opens more doors for Locksley to engage with US investors, further supporting its critical mineral strategy focused on re-establishing a secured domestic supply chain in America.
Head of Strategy, Capital Markets, and Commercialisation Nathan Lude says graduating to this market just three months after its initial listing on the OTCQB is a significant milestone for the company as it expands into the North American market.
“Our Mojave Rare Earths and Antimony Critical Minerals Project are strategically located in a tier-one jurisdiction adjacent to MP Materials’ Mountain Pass Mine,” Lude says.
“Locksley is positioned to play a pivotal role in re-establishing domestic supply chains through its mine-to-market strategy for critical materials, with a particular focus on antimony.”
As reported by Mining.com.au, the company recently expanded a target mineralised corridor fourfold to 1.2km at the Desert Antimony Mine within the Mojave Project in California, US.
Locksley, which has a market capitalisation of $137.69 million, believes this expansion to be contiguous with its plans to position the Mojave Project as a strategic US critical minerals hub.
Located in the Mojave Desert of California, the Mojave Project comprises more than 491 mineral claims, including the El Campo prospect, which lies along strike of MP Materials’ (NYSE:MP) Mountain Pass Mine.
Locksley Resources is a mineral explorer focused on unearthing the US’ critical minerals for a strengthened supply chain.
Write to Maddison Elliott at Mining.com.au
Images: Locksley Resources
