Australia's Locksley eyes best day on acquiring US rare-earths project

Locksley Resources

15/06/2023 02:13

** Shares of Australia's Locksley Resources Ltd  LKY.AX 
rise as much as 52.3% to A$0.099, set for their best day, if
gains hold
    ** The mineral explorer says it entered an agreement to
acquire a "highly prospective" rare-earths elements exploration
project in California, U.S.
    ** Co said it received firm commitments for a A$4 mln ($2.72
mln) placement
    ** LKY stock hits its highest level since July 29, 2022
    ** Stock up ~11% YTD, as of last close

    ($1 = 1.4725 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))