LKYRF Is Building America’s First Mine-to-Market Antimony Supply Chain

September has shown us nothing if not that Locksley Resources (ASX: LKY, OTCQB: $LKYRF, FSE: X5L) is on the fast track to the “it list” of critical minerals plays. In just weeks the company more than doubled its Mojave Project footprint to 491 claims covering 40 square kilometers, metallurgical testing on composite returned recoveries of 82.9 to 85.9%, with concentrates grading up to 59.6% antimony, and samples are already running through pilot trials of the company’s DeepSolv technology at Rice University. Together these developments set the stage for LKYRF’s Mojave Project to deliver 100% Made in America Antimony through a fully integrated mine-to-market strategy at a moment when China dominates supply and has already banned exports of this critical mineral to the U.S.

Beijing controls more than half of global mined supply and over 85% of refining capacity, leaving the United States, most of the world even, entirely dependent on imports. Every ton that goes into defense systems, semiconductors, energy storage, and specialty alloys originates abroad. The export ban to America exposed how fragile that reliance is. Breaking free of that chokehold requires a domestic mine-to-market chain, and LKYRF’s Mojave Project is being advanced as the first.

Testing work confirmed that ore from LKYRF’s Mojave Project can be upgraded into refinery-grade concentrate. Material with a head grade of 9.6% antimony was turned into concentrates ranging from 35% to nearly 60% antimony, while recoveries held steady between 82.9% and 85.9%. Most of the contained metal can be captured and converted into high-grade feedstock ready for refining. With permits in place, the next step is to step out across the land package and demonstrate continuity, creating the resource base that can anchor a U.S. supply chain.

That concentrate is already moving through pilot trials of DeepSolv at Rice University, delivering more than 95% recovery and producing ingots, oxides, and trisulphides. Conventional smelting at 1,200°C releases sulfur dioxide and other pollutants, but DeepSolv achieves the same end products at low temperature without the environmental baggage. Traditional methods are incompatible with U.S. permitting standards, which is why no domestic refining exists today. DeepSolv can operate in the U.S. within regulatory frameworks, meaning ore mined in California can be refined onshore into finished products ready for industry.

The global antimony market is valued between $1.2 and $2.3 billion, with U.S. demand alone around $350 million annually. Yet the United States produces none of its own. LKYRF, with a market cap near $90 million, is advancing the first U.S. mine-to-market antimony chain at a time when hundreds of millions of dollars in annual demand have no domestic supplier. By owning both the mine and the refinery, the company can capture value normally split between two industries, redirecting market share and refining dollars that today go straight to China.

Kerrie Matthews, now CEO, delivered BHP’s $3.8 billion South Flank Project and Iluka’s $1.8 billion Eneabba Rare Earths Refinery. Danny George, the new COO, has overseen projects for Fortescue, Vale, Hancock Prospecting, and Ausenco across copper, lithium, and green metals. Both bring experience in moving multi-billion-dollar projects from studies to operation at speed. Their track record means LKYRF’s Mojave Project and DeepSolv have leadership capable of compressing timelines and advancing projects that target billion-dollar markets.

At a market cap near $90 million, LKYRF is advancing ore, metallurgy, refining, and leadership in a Pentagon-backed corridor already home to America’s most vital rare earth mine. LKYRF is the first mover in building a U.S. mine-to-market antimony supply chain with direct consequences for defense readiness, energy storage, and industrial supply. A domestic industry worth up to $2.3 billion has been left unserved, and LKYRF is moving to establish itself as the supplier that fills it. Dependence has defined the market for decades, and the buildout now underway is the step that can replace it with independence led by LKYRF.

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