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AF2 Capital Corp. Enters into Letter of Intent for Reverse-Takeover Transaction with EverKind Inc.

AF2 Capital Corp. (TSXV: AF.P) (‘AF2‘ or the ‘Company‘) is pleased to announce it has entered into a non-binding letter of intent dated October 14, 2025 (the ‘LOI‘) with EverKind Inc. (‘EverKind‘), an AI-powered emotional wellness platform, which sets forth, in general terms, the basic terms and conditions upon which EverKind and AF2 will combine their business operations resulting in a reverse takeover of AF2 by EverKind and its shareholders (the ‘Transaction‘). It is intended that the Transaction will constitute the ‘Qualifying Transaction’ of AF2 as such term is defined in Exchange Policy 2.4 – Capital Pool Companies, resulting in the combination of EverKind and AF2, with the common shares of the resulting issuer to the Transaction (the ‘Resulting Issuer Shares‘) being listed on the TSX Venture Exchange (the ‘Exchange‘), subject to approval of the Exchange.

EverKind is an AI-powered emotional wellness platform that helps users navigate mental and emotional challenges through intelligent, accessible tools. By combining cutting-edge AI with evidence-based wellness practices, EverKind supports users in building balance, clarity, and personal growth.

Pursuant to the terms of the LOI, it is intended that AF2 and EverKind will enter into a business combination by way of an arrangement, amalgamation, share exchange or other similar structure. The final structure of the business combination is subject to receipt by the parties of tax, corporate, and securities law advice. The acceptance of the LOI is being followed by good faith negotiations of definitive documentation, including a definitive merger, amalgamation or share exchange agreement (the ‘Definitive Agreement‘) among the parties setting forth the detailed terms of the Transaction, including the basic understandings set out in the LOI and such other terms and conditions as are customary for transactions of similar nature and magnitude to the Transaction.

AF2 is a capital pool corporation (a ‘CPC‘) as defined under the policies of the Exchange, and it is expected that an application for the listing of the Resulting Issuer Shares will be submitted to the Exchange following the execution of the Definitive Agreement. Completion of the Transaction is subject to a number of conditions, including but not limited to, receiving all required shareholder, regulatory, and other approvals. The Transaction is considered a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions and will be subject to majority of the minority shareholder approval. There can be no certainty that the Transaction will be completed on the terms set out in the LOI or at all.

A comprehensive news release will be issued by AF2 in due course disclosing details of the Transaction, including financial information with respect to EverKind, the names and backgrounds of all persons who will constitute insiders of the Resulting Issuer, the issued and outstanding securities of each of AF2 and EverKind, the terms of the exchange of securities of AF2 and EverKind, the applicable security exchange ratios, the details of any meetings of the shareholders of AF2 and EverKind required to approve the Transaction and matters related thereto (as applicable), and other material information respecting the Transaction once a Definitive Agreement has been executed and certain conditions have been met, including satisfactory completion of due diligence.

About AF2

AF2 is a CPC within the meaning of the policies of the Exchange that has not commenced commercial operations and has no assets other than cash. The officers of the Company are Michael Galloro, Chief Executive Officer, and Jonathan Held, Chief Financial Officer and Corporate Secretary. Except as specifically contemplated in the Exchange’s CPC policy, until the completion of its Qualifying Transaction, the Company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.

About EverKind

EverKind is an AI-powered emotional wellness platform to support reflective, wellness-curious individuals. EverKind helps users navigate mental and emotional challenges through intelligent, accessible tools that meet them where they are, combining cutting-edge AI technology with evidence-based wellness practices to help achieve balance, clarity, and personal growth.

For further information:

AF2 – Michael Galloro, mgalloro@aloefinance.com

EverKind – Harrison Newlands, hello@everkind.com

Forward-Looking Statements

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations (including negative and grammatical variations) of such words and phrases or state that certain acts, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’.

Forward-looking information in this press release may include, without limitation, statements relating to: the completion of the Transaction and the timing thereof, the execution of the Definitive Agreement, the proposed business of the Resulting Issuer, shareholder and regulatory approvals, and future press releases and disclosure.

These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding general economic and industry factors, market conditions, management’s ability to manage and to operate the EverKind business, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of each of the Resulting Issuer, the Company, or EverKind may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Don Durrett: Gold, Silver Miners to Rip Even Higher, Here’s When to Buy

Don Durrett of GoldStockData.com outlines current gold and silver market dynamics, explaining why the metals continue to rise and how high they could go in the future.

He also shares his current gold and silver stock strategy.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Editor’s Picks: Gold Price Breaks US$4,300, Silver Soars Past US$54

It’s been yet another historic week for gold and silver, with both setting new price records.

The yellow metal broke through US$4,200 per ounce and then continued on past US$4,300. It rose as high as US$4,374.43 on Thursday (October 16), putting its year-to-date gain at about 67 percent.

Meanwhile, silver passed US$54 per ounce and is now up around 84 percent since 2025’s start.

Gold’s underlying price drivers are no secret — factors like central bank buying and waning trust in fiat currencies have been major themes in recent years, and they continue to provide support.

But it’s worth looking at a number of other elements currently in play.

Among them are a resurgence in the US-China trade war, which has ramped up geopolitical tensions, and the ongoing American government shutdown. The closure has stalled the release of key economic data ahead of the Federal Reserve’s next meeting later this month.

There have also been troubles at two regional banks in the US — they say they were the victims of fraud on loans to funds that invest in distressed commercial mortgages. Aside from that, Rich Checkan of Asset Strategies International sees western investors entering the market.

‘We don’t have a tidal wave or a tsunami by any stretch of the imagination, but the western investor is getting back into this,’ he said, noting that for the past few years his company has mostly been selling to high-net-worth individuals and people looking for deals. ‘Now we’re having flat-out sales.’

Checkan also weighed in on where gold is at in the current cycle, saying the indicators he tracks — including the gold-silver ratio, interest rates and the US dollar — don’t point to a top.

‘They can take a breather, there’s no question about that — you almost kind of want them to. But the reality is, there’s no top in sight,’ he said. ‘I’ve got about, I don’t know, seven, eight, nine different indicators I look at for the top in a bull market for gold. None of them are firing.’

When it comes to silver, the situation is a little more complicated.

Vince Lanci of Echobay Partners explained that the London silver market is facing a liquidity crisis — while there’s not a shortage of the metal, it isn’t in the right place, and that’s creating a squeeze.

Here’s what he said:

‘London, when it needs metal, is having a hard time getting it from Asia, because China is not cooperating with the west — for good reason in their mind. And for some reason, the US is not making its metal available as robustly as it used to, to help fill refill London’s coffers. And so that creates a short squeeze.

‘There’s enough metal in the world for current needs — let’s say for today’s needs. But it’s not where it should be. So it’s a dislocation.’

Lanci, who is also a professor at the University of Connecticut and publisher of the GoldFix newsletter on Substack, also made the point that although these circumstances are front and center now, they’re just one part of the larger ongoing bull market for silver. In his view, its growing status as a critical mineral will have major implications, and a triple-digit price is realistic.

Arcadia Economics interview

As a final point, I was recently interviewed by Chris Marcus of Arcadia Economics.

It was fun being on the other side of the camera for a change, and I have a new appreciation for everyone who sits down to answer my questions. Check out the interview below.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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JZR Gold: Near-term Cash Flow with Significant Upside for Gold Exploration in Brazil

JZR Gold (TSXV:JZR) is advancing its Vila Nova gold project in Amapá, Brazil, to deliver sustainable shareholder value. The company is commissioning its Vila Nova pilot mill to process approximately 9 million tonnes of historical gold tailings grading 2.7 grams per tonne, representing more than 700,000 ounces of contained gold. Near-term cash flow from mill operations will support ongoing exploration to expand JZR’s gold resources.

The pilot mill will initially reprocess 2 million tonnes of tailings from past mining activities containing significant residual gold. With a planned throughput of 800 tonnes per day and an 89 percent recovery rate, the mill is expected to produce about 2 kilograms of gold daily.

Revenue from the Vila Nova pilot mill is anticipated in the first quarter of 2025, providing cash flow to cover operations and fund further exploration. By reinvesting early proceeds into resource expansion, JZR aims to delineate additional high-grade targets and drive phased, self-sustaining growth without significant external financing.

Company Highlights

  • Near term cash-flow from gold tailings operation at flagship Vila Nova gold project in Amapá, Brazil.
  • An estimated 9 million tonnes of gold tailings have been identified with grades averaging 2.7 g/t for a projected contained gold content of over 700,000 ounces.
  • The Vila Nova project has a fully permitted 800-ton-per-day pilot mill to process high-grade gold tailings for near-term cash flow.
  • JZR Gold has invested more than US$7 million in infrastructure and drilling at the Vila Nova project.
  • The Vila Nova project is situated in an underexplored region with significant geological upside and proximity to established mining operations.
  • Initial operations at Vila Nova are expected to yield approximately 2 kilograms of gold per day.

This JZR Gold profile is part of a paid investor education campaign.*

Click here to connect with JZR Gold (TSXV:JZR) to receive an Investor Presentation

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Skyharbour Partner Company Terra Clean Energy Announces Fraser Lakes B Deposit Recognized by Government of Canada as Active Rare Earth Deposit

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to report that its partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) has highlighted the rare earth element (‘REE’) potential at the Fraser Lakes B Deposit, confirmed by drilling and assays. The mineralization is predominantly uranium and thorium but the REE component within the deposit and surrounding areas contains significant quantities of rare earth oxides (‘REO’) specifically La₂O₃ (Lanthanum oxide), Ce₂O₃ (Cerium oxide), Yb₂O₃ (Ytterbium oxide), and Y₂O₃ (Yttrium oxide) as reported in the technical report filed under Terra’s profile on sedarplus.ca on February 9 th 2023. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra over the earn-in period.

Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1

These light rare earths are key elements in automotive, batteries, magnets as well as other industries. Lanthanum has two main uses: as a phosphate binder in medicine to treat high blood phosphate levels in kidney disease patients, and in various industrial applications like manufacturing nickel-metal hydride batteries, catalytic converters, specialty glass, and as a component in alloys for lighters and other products.

Cerium is used in a variety of applications, including as a polishing agent for glass and a catalyst in automotive catalytic converters to reduce emissions. It is also used in metallurgy to improve alloys and steel, and in the production of flints for lighters, incandescent gas mantles, and components for batteries.

Ytterbium is used in a variety of applications including improving stainless steel, dental alloys, portable x-ray machines, atomic clocks, superconductors, lasers and amplifiers, fiber optic communications, and quantum computing.

Yttrium is used in a variety of applications, most notably as a key component in phosphors for LEDs and displays, and in lasers for medical and industrial uses. It is also used in ceramics, such as those for high-temperature fuel cells and medical implants, as a metallurgical additive for alloys, and in electronics like microwave filters and automotive sensors. Additionally, specific yttrium isotopes have medical applications in cancer therapy and diagnostic imaging.

Below is a link from the Natural Resources Canada (NRC) website showing the Falcon Point Project in Saskatchewan which hosts the Fraser Lakes B Deposit. The South Falcon East Project is a portion of this former project. Through an NRC grant to the University of Saskatchewan in March 2024, The Government of Canada has contributed to a multiyear study of REE’s in northeastern Saskatchewan. The Fraser Lakes B Deposit is part of this study and Terra is a participating partner. REE’s continue to be identified in recent drilling programs.

https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/rare-earth-elements-facts

‘With renewed interest in rare earth elements it is important that shareholders understand we are sitting on an active REE deposit,’ said Greg Cameron, CEO of Terra. ‘This deposit adds significant upside, particularly in light of the recent environment which places far more value on the strategic importance of rare earth elements. Management is committed to making sure this value is understood and unlocked as we continue with the ongoing advancement Fraser Lakes,’ continued Mr. Cameron.

‘We are excited to be involved in the expansion of Rare Earth Element deposit understanding and inventory in Canada’, commented Trevor Perkins, Vice President of Exploration for Terra. ‘With the current emphasis on REE, it is time to highlight this aspect of our Fraser Lakes B Uranium and REE Deposit. We are sure that with continued drilling and study of the Fraser Lakes B deposit we will add to both the uranium and REE resource,’ continued Mr. Perkins.

South Falcon East Project Summary:

The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour’s former Falcon Point Project. The project covers approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly 50 kilometres east of the Key Lake mill.

The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ and 5.3 million pounds ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in association with well-defined EM conductors.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

About Terra Clean Energy Corp.:

Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

News Provided by GlobeNewswire via QuoteMedia

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Locksley Resources LimitedRice University DES Processing Technology Update

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF), is pleased to provide an update on the advanced research program underway at Rice University in Houston, Texas.

HIGHLIGHTS

– Rice University advancing identification of the Deep Eutectic Solvent (DES) system development

– Preliminary process parameters for the green hydrometallurgical DES process established, supporting the scoping of a pilot demonstration plant

– Locksley COO visits Rice University to review progress on DES research program

– Flotation concentrates and ROM ore samples from the Desert Antimony Mine (DAM) and EV Resources’ Los Lirios deposit, to be delivered to Rice University for expanded testwork

– American made mine-to-metal supply chain aligns with U.S. national objectives for critical mineral independence

Locksley’s Chief Operating Officer, Danny George, recently visited Rice University to review progress on the Company’s collaborative research program aimed at developing DeepSolv(TM), an innovative green hydrometallurgical solvent system for the extraction and recovery of antimony from stibnite ores and concentrates.

The visit formed part of Locksley’s ongoing engagement with the Rice University research team, led by Professor Pulickel Ajayan of the Rice Advanced Materials Institute. It provided the opportunity to directly observe the encouraging developments being achieved through the laboratory scale program.

Technical Progress

Technical sessions focused on reviewing process parameters, including solvent composition, leach kinetics, reagent recyclability, and temperature optimisation.

The DES system, employing environmentally benign ionic mixtures as an alternative to traditional reagents, has demonstrated strong potential for selective dissolution of antimony sulphides under mild conditions. This represents a major step toward establishing a low-emission, sustainable processing route for antimony production.

The collaborative review also evaluated how laboratory-scale results correlate with potential commercial-scale process configurations. Mass-balance considerations were assessed in preparation for scaling up to a pilot demonstration plant, with emphasis on solvent recovery efficiency, reagent stability, and downstream metal recovery pathways.

These findings confirm that the research program remains closely aligned with Locksley’s commercialisation strategy, advancing toward a technically robust, scalable, and economically sustainable antimony production process.

Danny George, Locksley Chief Operating Officer commented;

‘It was a privilege to spend time with the talented team at Rice University and see firsthand the impressive progress being made. The collaboration continues to deliver strong technical outcomes, and we’re excited about how this work is shaping the foundation for future commercial application.

The novelty of the DES-based process lies specifically in the solvent chemistry and its enhanced selectivity for antimony dissolution-representing a true breakthrough in reagent innovation rather than a complete process redesign.

Importantly, the downstream processing stages utilise established hydrometallurgical methods, ensuring a clear pathway toward commercial scalability, operational reliability, and regulatory acceptance. This is a strong example of how academic innovation and industry experience can work hand in hand to deliver next-generation solutions for the critical minerals sector.’

Next Steps

The next phase of work will include the delivery of flotation concentrates and ROM ore from the Desert Antimony Mine (DAM) and Los Lirios deposits to Rice University to further expand the testing regime. This work will underpin the design and scoping of the planned pilot demonstration plant, marking another significant milestone in Locksley’s development of a 100% American-made antimony supply chain.

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

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Locksley Achieves Breakthrough in US Antimony Concentrate Tests

Locksley Resources (ASX:LKY,OTQB:LKYRF,FSE: X5L) has been featured by The Sydney Morning Herald after achieving a major metallurgical breakthrough at its Desert antimony mine in California. The Australian company’s early flotation tests produced a 68.1 percent antimony concentrate, significantly surpassing industry benchmarks and nearing the theoretical maximum purity for stibnite.

The SMH report highlighted the result as evidence of the project’s strong potential and the relative simplicity of its processing method.

The test work, carried out in the United States, used a straightforward combination of rougher, regrind and cleaner flotation stages, yielding a high-grade product with low impurities. Locksley said the process required minimal modification, indicating the ore could be refined to ramp up both grade and recovery

The company plans to advance bulk underground sampling and pilot-scale testing, and will collaborate with Rice University to trial DeepSolv processing methods aimed at optimizing recovery.

According to the article, the development comes at a strategically important time. Antimony is a critical mineral used in defense, electronics and energy applications, and the United States is actively seeking to strengthen domestic supply chains under its “Made in America” initiative. If Locksley can replicate these results at scale, the Desert antimony mine could emerge as a key domestic source of high-grade antimony for the US market.

Read the full study here.

Click here to connect with Locksley Resources for an Investor Presentation

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