Dateline raises $25M for US gold‑rare earths push | Australian Markets

Dateline has secured $25 million at $0.215 a share to speed up drilling and examine work at its Colosseum gold–uncommon earths project in California, lifting whole money available to more than $35 million.

The latest raise units up an energetic second half for the company, which is specializing in each breccia‑pipe gold targets and the project’s uncommon earths potential. The company says steps are additionally underway in the direction of United States Securities and Exchange Commission registration to broaden its entry to American capital.

The share raise proceeds are earmarked for an expanded discipline program that builds on this yr’s geophysics and gravity work throughout Colosseum. Six new breccia‑pipe anomalies have been outlined with signatures corresponding to the recognized pipes, and modelling signifies the system may prolong about 300 metres beneath historic drill ranges.

Bringing a number of look‑alike targets to the rig at tempo is now a precedence alongside early web site works and long lead time orders tied to the company’s bankable feasibility examine (BFS).

The project sits much less than 10 kilometres north of MP Materials’ Mountain Pass mine – the US’s solely producing uncommon earths mine – and Dateline says components of its built-in MT/gravity model echo the carbonatite signature at Mountain Pass. Alongside the project’s geographic neighborhood to Mountain Pass, this provides additional weight to the uncommon earths angle along with its already established gold system.

In June, the company started trading on the US OTCQB underneath the ticker DTREF, giving it a enormous injection of dollar-denominated liquidity during US market hours with out including any extra ASX compliance burden. Also, in late-August the company acquired letters from the US Secretary of the Interior reaffirming Colosseum’s rights and its potential to provide each gold and demanding uncommon earths.

There was additionally the now-famous post by President Donald Trump hailing Colosseum as “America’s second rare earths mine”, which helped massively enhance North American consideration on the story after it was green-lit following years of stalled allowing.

GR Engineering Services has been appointed to coordinate the BFS throughout metallurgy, move sheet, plant design, web site infrastructure and financial modelling, with a ultimate investment choice focused for early 2026. A May 2025 replace to the company’s 2024 scoping examine outlined an inner charge of return of 61 per cent over an 8.4-year life at about 71,000 ounces each year, noting the outcomes stay solely at scoping examine confidence and will not be ore reserves.

Reflecting what has been an excellent yr for Dateline, the company’s share price hasn’t simply shifted – it’s skipped city. In a Cinderella-move if ever there was one, Dateline’s share price kicked off the yr trading at simply 0.2 cents earlier than hitting a contemporary high of 27.5c final Friday, representing an eye-popping 13,650 per cent increase prior to now eight months.

With capital within the bank, an enlarged goal map, a BFS group in place and a strategic deal with close to Mountain Pass, plus US authorities assist and a potential US SEC registration within the wind, there’ll be lots of eyes on what’s subsequent in store for this ASX high-flyer.

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