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SAN BERNARDINO, Calif. - Locksley Resources Ltd. (ASX:LKY; OTCQX:LKYRF) has appointed Stacy Newstead to its advisory board as Strategic Advisor-Materials Strategy, the company announced Monday. The appointment comes as the company’s stock trades at $0.02, having experienced significant volatility with a beta of 1.88 over the past five years.
Newstead currently serves as Materials Strategy and Risk Manager at Lockheed Martin, where she leads initiatives to secure domestic and allied sources of key materials for U.S. defense manufacturing and national security.
With over 20 years of experience across government, defense and industrial sectors, Newstead previously held senior program leadership positions at Huntington Ingalls Industries and Textron Systems. She also served as CEO of the U.S. subsidiary of Evolution Energy Minerals, where she led onshoring initiatives for graphite and advanced battery materials.
"Stacy’s appointment strengthens Locksley’s ability to engage with U.S. partners and access federal programs supporting domestic critical mineral supply chains," said Kerrie Matthews, Locksley CEO, in a press release statement.
Locksley Resources is developing the Mojave Project in California, which targets rare earth elements and antimony. The company aims to establish domestic supply chains for these critical materials through partnerships with U.S. research institutions and industry partners.
Newstead’s expertise in assessing material pricing and geopolitical risk across supply chains for critical technologies including munitions, batteries, and aerospace systems is expected to guide Locksley’s engagement with U.S. industry and government stakeholders as the company transitions from pilot to commercial operations.
In other recent news, Locksley Resources Limited announced a potential project financing boost for its Mojave Project in California, with the Export-Import Bank of the United States expressing interest in providing up to $191 million in support. This move aligns with EXIM’s focus on reducing foreign supply dependence through its Supply Chain Resiliency Initiative and China and Transformational Exports Program. Additionally, Locksley Resources has bolstered its advisory board by appointing Major General (Ret.) Peter J. Lambert, who brings over 30 years of experience in intelligence and technology integration. In another development, Locksley has entered into a Research & Development Agreement with Rice University to enhance domestic antimony processing capabilities. This partnership aims to address the lack of commercial-scale antimony processing in the U.S. and explore its applications in energy storage. The collaboration will focus on developing eco-friendly extraction processes and researching antimony-based materials for energy applications. These recent developments highlight Locksley Resources’ strategic initiatives in advancing its critical minerals strategy in the United States.
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