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Locksley Resources Limited ( (AU:LKY) ) has provided an announcement.
Locksley Resources Limited has entered a Memorandum of Understanding with Hazen Research Inc. to secure processing capacity for antimony ore from its Desert Antimony Mine in the U.S. This agreement aims to accelerate production timelines and reduce risks by allowing the company to generate operational data and product samples while continuing the development of pilot and commercial-scale plants. This strategic move aligns with U.S. government objectives and positions Locksley to efficiently deliver value to shareholders.
The most recent analyst rating on (AU:LKY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Locksley Resources Limited stock, see the AU:LKY Stock Forecast page.
More about Locksley Resources Limited
Locksley Resources Limited operates in the mining industry, focusing on the production and supply of antimony products. The company is committed to establishing a fully integrated, American-sourced antimony supply chain, aligning with U.S. government priorities to rebuild domestic critical minerals processing.
Average Trading Volume: 12,407,036
Technical Sentiment Signal: Buy
Current Market Cap: A$115.1M
See more insights into LKY stock on TipRanks’ Stock Analysis page.