ASX Stocks
Locksley Resources (ASX: LKY) Surges on Antimony Supply Deal
Locksley Resources (ASX: LKY) Surges on Antimony Supply Deal
Locksley Resources (ASX: LKY) jumped 15% today after announcing a new supply agreement that could reshape its role in the global critical minerals sector. The company has signed a non-binding heads of agreement with EV Resources (ASX: EVR) to secure future antimony feedstock while also committing a $0.75 million strategic investment in EVR.
Antimony is not a household name, but it plays a crucial role in electronics, flame retardants, semiconductors, and energy storage. Its importance to global supply chains is such that the U.S. government classifies it as a critical mineral essential for national security. With this deal, Locksley positions itself to play a more prominent role in the U.S. antimony supply chain.
U.S. Critical Minerals Strategy: Mojave Project in Focus
Locksley Resources is a mineral exploration company focused on critical minerals in the United States. Its flagship Mojave Project in California is prospective for both rare earth elements and antimony — minerals that are key to defense, clean energy, and high-tech applications.
By complementing its Mojave asset with ore from EVR’s Los Lirios project in Peru, Locksley strengthens its position as an early mover in securing non-Chinese antimony supply. This strategic move aligns with Washington’s push to rebuild secure domestic supply chains for critical minerals.
Advancing Proprietary Antimony Processing
The agreement also supports Locksley’s plan to commercialize its DeepSolv™ processing technology, which is being developed in collaboration with Rice University. This green, low-energy solvent-based approach is designed to process antimony more efficiently compared to traditional methods.
For investors, this technology could become a key differentiator. If validated and scaled, DeepSolv™ has the potential to place Locksley at the forefront of U.S.-based antimony processing, reducing reliance on China and creating a homegrown supply hub.
Investor Takeaway
Locksley’s deal with EV Resources represents a meaningful step forward in its long-term growth strategy. The combination of:
The Mojave Project (California).
Third-party ore sourcing from Peru.
Development of its DeepSolv™ processing technology.
… creates a potential pathway for the company to become a cornerstone player in the U.S. antimony supply chain.
That said, investors should note:
The agreement with EVR is non-binding, meaning there is no guarantee it will be executed.
The DeepSolv™ process is still under validation and has not yet been commercially proven.
Even with these risks, Locksley’s surge today reflects growing investor recognition that it could emerge as an important player in critical minerals security and supply diversification.