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Locksley Resources (ASX:LKY) has been the beneficiary of continued momentum around U.S.-based critical minerals stocks on Tuesday despite posting no news – at least not today.
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However, on Monday, the company appointed a U.S. advisor to its team with a view towards its U.S.-based Desert Antimony Mine, the subject of a drilling permit win. Desert is part of the company’s larger Mojave Critical Minerals Project in Cali.
That advisor, a company and not an individual, was Viriathus Capital LLC – an entity which, all cards in order, Locksley hopes will assist in getting friendly with the U.S. government.
In between the lines, this follows last week’s bull run on rare earths miners down under after the Pentagon bought a 15% stake in a U.S.-based publicly listed REE smallcap explorer – ultimately a speccy – which has given shape to the U.S. critical minerals domestic security supply chain thematic.
(That shape being U.S. government partial ownership of relevant companies.)
While there isn’t any indication Canberra would move to do the same thing for Australian companies mining key metals, the investment calculus driving investors into ASX-listed and US-based critical metals explorers is obvious.
Helping matters is that the Mojave project boasts both REEs and antimony, the latter the metal that drove Larvotto to 700% YoY returns, putting Locksley at the intersection of what is, at least right now, a high-conviction thematic among some investors.
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There are similar flashy numbers on Locksley’s stats card now, too, surely a delight for long-term holders.
In the last year, Locksley has jumped +360%; with much of that clocked since January this year – YTD performance is just shy of +550%.
LKY last traded at 11cps.
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