Dateline Resources (ASX:DTR) is pursuing an OTCQB listing in the United States to attract investment in its Colosseum Project. This announcement spurred a 133.33% increase in the company’s share price as of 1pm AEST. The Colosseum Project, a historical gold mine in California’s Walker Lane Trend, boasts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne, totaling 1.1 million ounces of gold. Recent drilling results show significant intersections, including 88m at 4.18g/t gold.
Dateline Resources, with a market capitalization of $39 million, anticipates increased investor interest in the US market. Former President Donald Trump highlighted the Colosseum Project in his Truth Social update, noting the project’s approval as America’s second rare earths mine after years of permitting delays. The Bureau of Land Management emphasizes the Colosseum Project’s role in strengthening the US’s capacity to produce critical minerals for future technologies, stating that the Interior Department continues to support industries that bolster the nation’s economy and protect national security. Dateline is now targeting carbonatite-hosted systems akin to Mountain Pass and formally incorporating rare earth elements into its fieldwork. The company fully owns the Colosseum Mine, focusing on both gold and rare earth elements.
