Mountain Pass first roared to life in 1952, churning out rare earths at an eye-watering grade of 7 per cent TREO – a figure that would make modern miners green with envy. By the 1960s, it had cemented its place as the world’s dominant supplier, keeping global markets well stocked for decades. That reign held firm until the 1990s, when China burst onto the scene and rapidly reshaped the rare earths landscape.
Only three weeks ago, Dateline’s share price rocketed nearly 700 per cent higher to 4.7 cents on huge turnover after United States President Donald Trump publicly endorsed the project on his Truth Social platform, hailing it as “America’s second rare earths mine”.
The presidential shout out came hot on the heels of a watershed moment last month triggered by the US Interior Department upholding the company’s right to mine the company’s historic Californian leases.
The company says its now in the advanced planning stage of a dedicated REE drilling program at Colosseum, headed up by globally renowned REE experts Dr Anthony Mariano and Tony Mariano.
Dateline is also intending to tap into the American capital markets after the company fielded significant enquiries from overseas investors wanting to know how to get in on the action.
Management is aiming to secure a listing on the U.S. OTCQB Venture market by the third quarter this year, giving it access to a larger investor base and greater exposure in the world’s biggest economy.
With multiple catalysts from the gold project on the horizon, strong American government backing for the rare earths and strategic U.S. ambitions, Dateline looks to be tackling something much bigger than gold alone at Colosseum – although there seems to be plenty of that.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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