Dateline debuts on OTCQB market in US push for | Australian Markets

ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to improve its US itemizing to the OTCQB Venture Market as American curiosity heats up in its flagship Colosseum uncommon earths and gold project in California.

From at this time, the company’s shares will trade beneath the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The improve means American traders can trade the stock in native currency during US market hours.

Notably, the transfer gained’t saddle Dateline with any new compliance burdens, as its ASX reporting requirements already meet OTCQB necessities beneath US international issuer exemptions.

The OTC market now lists more than 12,400 corporations in whole – a 30 per cent leap in the previous seven years – offering all the things from international giants to speculative startups on one platform. The market is split into three tiers, every with its own requirements and scrutiny.

At the highest sits the OTCQX, home to about 400 blue-chip corporations from areas together with Europe, Canada and Brazil. These companies should meet high financial requirements, have unbiased governance, host annual shareholder conferences and endure strict audits.

The OTCQB Venture Market sits on the following rung down and has about 900 early-stage corporations trading on it. While not but eligible for OTCQX or main exchanges, OTCQB corporations should nonetheless meet minimal bid costs, preserve present financial reporting and cross annual verification.

The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, together with distressed companies and people not present in their filings.

Management says the OTCQB itemizing is a good match for Dateline’s push to grow its North American investor base and faucet into surging US curiosity in the company and the uncommon earths sector in common.

With its shares now simpler to trade, more liquid and much more seen, the company is placing itself entrance and centre in a market quickly waking up to the urgency of securing its own uncommon earths provide.

US policymakers are laser-focused on securing provide chains for uncommon earths, deeming the metals as important ingredients in defence systems, clean power and high-tech manufacturing. This pressing coverage rethink has come at a time when China – the world’s largest producer – has imposed export restrictions to guard its own provide.

Dateline’s improved itemizing credentials come scorching on the heels of a shock endorsement from US President Donald Trump, who drew national consideration to the Colosseum project by way of a Truth Social post in April.

Trump described the mine as “America’s second rare earths mine” and celebrated its long-awaited allowing progress, thrusting Dateline into the highlight.

Colosseum lies in the guts of California’s famed Walker Lane Trend and is simply 10 kilometres up the street from the legendary Mountain Pass uncommon earths mine.

Mountain Pass exploded onto the worldwide stage in 1952, producing uncommon earths at jaw-dropping grades of 7 per cent whole uncommon earth components. By the Sixties, it was a world powerhouse for uncommon earth provide and fed the booming tech and defence industries for many years.

Notably, geological research and gravity surveys counsel Colosseum might share the identical mineralising pulse and host rocks as its storied neighbour, offering a tantalising clue that Colosseum might be sitting on the identical uncommon earths motherlode as Mountain Pass.

Dateline is now racing to establish mantle-derived rocks related to uncommon earth-rich carbonatites – the geological signature underpins Mountain Pass.

Aside from the uncommon earth potential, Colosseum is already proving its value as a gold play. It has a JORC-compliant useful resource of 27.1 million tonnes grading 1.26 grams per tonne gold for 1.1 million ounces. The useful resource incorporates a hefty 67 per cent in the measured and indicated classes.

A scoping research tabled in October final 12 months, which was lately up to date to take larger prevailing gold costs under consideration, delivered a whopping web current worth of US$550M (A$846M) for the gold project utilizing a US$2900 (A$4461) per ounce gold price and a low cost charge of 6.5 per cent.

Annual manufacturing is tipped to come back in at 75,000 ounces over an 8.3-year mine life at an all-in sustaining price of US$1490 (A$2292) per ounce.

Total capital expenditure for the mine is forecast to max out at $195M (A$300M) and it ought to pay for itself in simply over three years.

Dateline now has a absolutely funded bankable feasibility in the works, with the company suggesting the project might be shovel-ready and pouring gold shortly after completion.

Since the research sits totally within Dateline’s present mining rights and already accepted operational plan, the company gained’t be bogged down in purple tape, paving the best way for a fast-track restart and a fast return to gold manufacturing.

Adding fuel to the fire, Dateline has uncovered a string of new breccia pipes up to a kilometre south of its Colosseum mine, which seem to line up completely with the present breccia pipe system. The discovery factors to a sequence of satellite tv for pc intrusions that might be feeding a a lot bigger gold-rich community beneath the floor, fanning out just like the fingers of an upturned hand and hinting at severe upside nonetheless to come back.

With Dateline now stepping onto the worldwide stage by way of an upgraded US capital markets itemizing and with the Trump highlight nonetheless shining on Colosseum, the timing might hardly be higher.

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