Dateline Resources’ (ASX: DTR) share price has rocketed 233 % after U.S. President Donald Trump promoted the company’s Colosseum gold and rare‑earths mine in California on Truth Social, calling it “America’s second rare earths mine.” The shout‑out came just after the U.S. Interior Department validated historic leases at the site, clearing the way for production of both gold and critical minerals near the famed Mountain Pass operation. Investors poured into the small‑cap stock—trading more than 370 million shares—as the project’s 27.1 Mt resource (1.1 Moz at 1.26 g/t Au) now looks far more lucrative with gold around US$3,253/oz, versus the US$2,200/oz price used in Dateline’s 2023 scoping study that projected an eight‑year mine life, 75 koz‑a‑year output and a pre‑tax NPV of US$235 million. Management is already planning an OTCQB uplisting to tap North American capital, positioning Dateline as a potential domestic supplier of rare earths and gold amid U.S. efforts to reduce reliance on China.
