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An announcement from Locksley Resources Limited ( (AU:LKY) ) is now available.
Locksley Resources Limited is set to establish a Level 1 American Depositary Receipt (ADR) program with The Bank of New York Mellon, marking a significant step in its U.S. capital markets strategy. This initiative will enhance Locksley’s visibility and access to U.S. institutional investors, aligning the company with major global peers and setting the stage for potential future U.S. exchange listings. The ADR program will provide U.S. investors with easier access to Locksley’s Mojave Critical Minerals Project, expanding the company’s investor reach and supporting its strategic importance in delivering a U.S. Mine to Market antimony solution.
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 resources industry, focusing on critical minerals. The company is engaged in the Mojave Critical Minerals Project in California, aligning with U.S. government and defense supply chain priorities.
Average Trading Volume: 9,889,998
Technical Sentiment Signal: Buy
Current Market Cap: A$88.09M
For detailed information about LKY stock, go to TipRanks’ Stock Analysis page.