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Highlights
- Dateline eyes US OTCQB listing amid rising investor interest
- Colosseum mine gains attention as strategic REE-gold asset
- BFS underway with funding to fast-track development
Dateline Resources (ASX:DTR) is preparing to pursue a listing on the US-based OTCQB market, following a notable surge in American interest in its Colosseum rare earth element (REE) and gold project. The move is aimed at expanding access to US investors and strengthening the company's visibility in a critical market.
The Colosseum mine in California has gained renewed significance after US President Donald Trump publicly acknowledged it as the nation's second rare earths mine, highlighting the project’s national importance. In a statement, President Trump noted that the mine had finally been approved after extended permitting delays—a development that could have strategic implications for the United States’ domestic supply of rare earth elements.
With a current mineral resource of 27.1 million tonnes and 1.1 million ounces of gold, the Colosseum project represents a significant gold asset. The company is now officially incorporating REE into its exploration program, focusing on carbonatite-hosted systems similar to those found at the nearby Mountain Pass mine—the only active rare earths operation in the US.
Government support has added momentum to the project. Both the Department of the Interior and the Bureau of Land Management have endorsed the mine’s reactivation, viewing it as a key contributor to the US critical minerals supply chain. These developments come at a time when the US is intensifying efforts to localize production of materials essential for advanced technologies and energy systems.
Stephen Baghdadi, managing director of Dateline Resources, emphasized the strategic positioning of the Colosseum mine, particularly with the inclusion of REEs. He described recent US attention as transformative for the project’s profile, attracting a wave of new shareholders and boosting investor engagement through digital channels.
A bankable feasibility study (BFS) is currently underway to further develop the project, backed by proceeds of $1.4 million from a recent capital placement. The study will integrate updated drilling results, revised commodity pricing, and improved mine planning.
The OTCQB listing is expected to be finalized in early Q3 2025, aligning with the growing US interest in the company.
While Dateline Resources is not yet part of the ASX200, the increasing profile of the Colosseum project and broader investor interest may position it for future growth. For those exploring resource-based ASX dividend stocks, Dateline’s evolving strategy could warrant close observation as it aligns with national priorities and shifts in global mineral demand.
