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West Australian
4 days ago
- Business
- West Australian
Dateline debuts on OTCQB market in US push for rare earth spotlight
ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to upgrade its US listing to the OTCQB Venture Market as American interest heats up in its flagship Colosseum rare earths and gold project in California. From today, the company's shares will trade under the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The upgrade means American investors can trade the stock in local currency during US market hours. Notably, the move won't saddle Dateline with any new compliance burdens, as its ASX reporting standards already meet OTCQB requirements under US foreign issuer exemptions. The OTC market now lists more than 12,400 companies in total - a 30 per cent jump in the past seven years - offering everything from global giants to speculative startups on one platform. The market is divided into three tiers, each with its own standards and scrutiny. At the top sits the OTCQX, home to about 400 blue-chip companies from regions including Europe, Canada and Brazil. These firms must meet high financial standards, have independent governance, host annual shareholder meetings and undergo strict audits. The OTCQB Venture Market sits on the next rung down and has about 900 early-stage companies trading on it. While not yet eligible for OTCQX or major exchanges, OTCQB companies must still meet minimum bid prices, maintain current financial reporting and pass annual verification. The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, including distressed firms and those not current in their filings. Management says the OTCQB listing is a perfect fit for Dateline's push to grow its North American investor base and tap into surging US interest in the company and the rare earths sector in general. With its shares now easier to trade, more liquid and far more visible, the company is putting itself front and centre in a market rapidly waking up to the urgency of securing its own rare earths supply. US policymakers are laser-focused on securing supply chains for rare earths, deeming the metals as critical ingredients in defence systems, clean energy and high-tech manufacturing. This urgent policy rethink has come at a time when China - the world's largest producer – has imposed export restrictions to protect its own supply. Dateline's improved listing credentials come hot on the heels of a surprise endorsement from US President Donald Trump, who drew national attention to the Colosseum project via a Truth Social post in April. Trump described the mine as 'America's second rare earths mine' and celebrated its long-awaited permitting progress, thrusting Dateline into the spotlight. Colosseum lies in the heart of California's famed Walker Lane Trend and is just 10 kilometres up the road from the legendary Mountain Pass rare earths mine. Mount a in Pass exploded onto the global stage in 1952, producing rare earths at jaw-dropping grades of 7 per cent total rare earth elements. By the 1960s, it was a world powerhouse for rare earth supply and fed the booming tech and defence industries for decades. Notably, geological studies and gravity surveys suggest Colosseum could share the same mineralising pulse and host rocks as its storied neighbour, providing a tantalising clue that Colosseum could be sitting on the same rare earths motherlode as Mountain Pass. Dateline is now racing to identify mantle-derived rocks associated with rare earth-rich carbonatites - the geological signature underpins Mountain Pass. Aside from the rare earth potential, Colosseum is already proving its worth as a gold play. It has a JORC-compliant resource of 27.1 million tonnes grading 1.26 grams per tonne gold for 1.1 million ounces. The resource contains a hefty 67 per cent in the measured and indicated categories. A scoping study tabled in October last year, which was recently updated to take higher prevailing gold prices into account, delivered a whopping net present value of US$550M (A$846M) for the gold project using a US$2900 (A$4461) per ounce gold price and a discount rate of 6.5 per cent. Annual production is tipped to come in at 75,000 ounces over an 8.3-year mine life at an all-in sustaining cost of US$1490 (A$2292) per ounce. Total capital expenditure for the mine is forecast to max out at $195M (A$300M) and it should pay for itself in just over three years. Dateline now has a fully funded bankable feasibility in the works, with the company suggesting the project could be shovel-ready and pouring gold shortly after completion. Since the study sits entirely within Dateline's existing mining rights and already approved operational plan, the company won't be bogged down in red tape, paving the way for a fast-track restart and a rapid return to gold production. Adding fuel to the fire, Dateline has uncovered a string of new breccia pipes up to a kilometre south of its Colosseum mine, which appear to line up perfectly with the existing breccia pipe system. The discovery points to a sequence of satellite intrusions that could be feeding a much larger gold-rich network beneath the surface, fanning out like the fingers of an upturned hand and hinting at serious upside still to come. With Dateline now stepping onto the global stage through an upgraded US capital markets listing and with the Trump spotlight still shining on Colosseum, the timing could hardly be better. Is your ASX-listed company doing something interesting? Contact:
The Age
4 days ago
- Business
- The Age
Dateline debuts on OTCQB market in US push for rare earth spotlight
ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to upgrade its US listing to the OTCQB Venture Market as American interest heats up in its flagship Colosseum rare earths and gold project in California. From today, the company's shares will trade under the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The upgrade means American investors can trade the stock in local currency during US market hours. Notably, the move won't saddle Dateline with any new compliance burdens, as its ASX reporting standards already meet OTCQB requirements under US foreign issuer exemptions. The OTC market now lists more than 12,400 companies in total - a 30 per cent jump in the past seven years - offering everything from global giants to speculative startups on one platform. The market is divided into three tiers, each with its own standards and scrutiny. At the top sits the OTCQX, home to about 400 blue-chip companies from regions including Europe, Canada and Brazil. These firms must meet high financial standards, have independent governance, host annual shareholder meetings and undergo strict audits. The OTCQB Venture Market sits on the next rung down and has about 900 early-stage companies trading on it. While not yet eligible for OTCQX or major exchanges, OTCQB companies must still meet minimum bid prices, maintain current financial reporting and pass annual verification. The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, including distressed firms and those not current in their filings. Management says the OTCQB listing is a perfect fit for Dateline's push to grow its North American investor base and tap into surging US interest in the company and the rare earths sector in general. With its shares now easier to trade, more liquid and far more visible, the company is putting itself front and centre in a market rapidly waking up to the urgency of securing its own rare earths supply.
Sydney Morning Herald
4 days ago
- Business
- Sydney Morning Herald
Dateline debuts on OTCQB market in US push for rare earth spotlight
ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to upgrade its US listing to the OTCQB Venture Market as American interest heats up in its flagship Colosseum rare earths and gold project in California. From today, the company's shares will trade under the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The upgrade means American investors can trade the stock in local currency during US market hours. Notably, the move won't saddle Dateline with any new compliance burdens, as its ASX reporting standards already meet OTCQB requirements under US foreign issuer exemptions. The OTC market now lists more than 12,400 companies in total - a 30 per cent jump in the past seven years - offering everything from global giants to speculative startups on one platform. The market is divided into three tiers, each with its own standards and scrutiny. At the top sits the OTCQX, home to about 400 blue-chip companies from regions including Europe, Canada and Brazil. These firms must meet high financial standards, have independent governance, host annual shareholder meetings and undergo strict audits. The OTCQB Venture Market sits on the next rung down and has about 900 early-stage companies trading on it. While not yet eligible for OTCQX or major exchanges, OTCQB companies must still meet minimum bid prices, maintain current financial reporting and pass annual verification. The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, including distressed firms and those not current in their filings. Management says the OTCQB listing is a perfect fit for Dateline's push to grow its North American investor base and tap into surging US interest in the company and the rare earths sector in general. With its shares now easier to trade, more liquid and far more visible, the company is putting itself front and centre in a market rapidly waking up to the urgency of securing its own rare earths supply.
News18
22-05-2025
- Business
- News18
‘The End Is Near': Rich Dad Author Predicts Financial Chaos Over US Bond Crisis
Last Updated: The Rich Dad Poor Dad author expected gold, silver and cryptocurrency prices to rise in the coming days, calling it 'good news' for commoners as well as businessmen. American entrepreneur Robert Kiyosaki has expressed his concern over hyperinflation, He referred to a recent US bond auction where, according to him, no bidder showed up. The incident appears to have made Kiyosaki predict a financially turbulent future, not only in the United States but also across other parts of the world. The Rich Dad Poor Dad author took the alleged no-bid auction as a hint of hyperinflation invading America. 'The end is near," he warned in a recent social media post, sparking an online debate. 'What if you threw a party and no one showed up? That is what happened yesterday. The Fed held an auction for U.S. bonds, and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money. The party is over. Hyperinflation is here. Millions, young and old, to be wiped out financially," Kiyosaki wrote on X (formerly Twitter). His claims, however, remain doubtful as the auction Kiyosaki mentioned in his post recorded a bid-to-cover ratio of 2.97, as per the official data. A report released by the Treasury Department revealed that a total of $212.58 billion in bids were submitted for the 42-day Treasury bill offering. Out of this amount, $74.38 billion was accepted as the bid, with just $4.38 billion allocated to the Federal Reserve System's Open Market Account. Kiyosaki further expected gold, silver and cryptocurrency prices to rise in the coming days, calling it 'good news" for commoners as well as businessmen. As predicted by him, goal prices will reach $25,000 in the future, while Bitcoin might soar to something between $500,000 to $1 million. The entrepreneur, however, might have made a typing error while mentioning his forecast for silver ($70), which many of his followers assumed to be $700. 'The End I have been warning the world about is here. May God have mercy on our souls," Kiyosaki concluded. His predictions made a user joke about his savings as he said, 'So you're saying I should put it all into Pokémon cards. I'm already a step ahead of you there." 'This is how he became the Rich Dad," added another. One user feels 'bitcoin isn't going to survive". 'I agree with you, Robert, but this is only the beginning, not the end," commented an individual. Kiyosaki's post has garnered more than one million views and thousands of reactions on the X platform. First Published: May 22, 2025, 18:51 IST
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Business Standard
08-05-2025
- Business
- Business Standard
Rupee erases 2025 gains as tensions with Pakistan trigger sell-off
The rupee erased all its 2025 gains on Thursday after logging its steepest single-day decline in more than two years, as investors fled to safe-haven assets amid escalating tensions between India and Pakistan. India confirmed that it had shot down missiles launched from Pakistan and retaliated by targeting air defence radars and systems at multiple locations in the neighbouring country, including neutralising an air defence system in Lahore. The domestic currency depreciated to 85.79 per dollar, a 1.03 per cent drop—its sharpest fall since February 2023. The 10-year government bond yield rose 6 basis points (bps) to 6.40 per cent, while the Sensex declined 412 points, or 0.51 per cent, to close at 80,335. Twenty-three of its constituents ended in the red. India VIX, the volatility index, surged 10 per cent to 21.01, its highest since April 9. The weekly index expiry further fuelled market volatility. 'This [rupee's weakening] was triggered primarily by rising geopolitical tensions following India's military action against targets in Pakistan and Pakistan-administered Kashmir,' said Abhishek Goenka, chief executive officer of IFA Global. 'Pakistan's claim of shooting down multiple Indian drones added to the uncertainty, sparking a flight to safety and increasing demand for the US dollar. However, any signs of de-escalation—likely under international pressure—could normalise markets and lead to rupee recovery, especially since FII inflows into equities remain strong,' he added. Following Thursday's fall, the Indian unit has now declined 0.12 per cent against the US dollar for the calendar year and 0.29 per cent for the financial year. Until Wednesday, the rupee had been up 0.92 per cent year-to-date and 0.75 per cent in the fiscal year. Traders noted panic dollar buying after India stated that it had neutralised Pakistan's attempts to target several military installations in the country's northern and western regions between Wednesday and early Thursday. 'Today morning, Indian Armed Forces targeted air defence radars and systems at a number of locations in Pakistan. The Indian response has been in the same domain with the same intensity as Pakistan. It has been reliably learnt that an air defence system at Lahore has been neutralised,' a press release from the Press Information Bureau said. The release added that Pakistan attempted to engage military targets in Srinagar, Amritsar, Chandigarh and Bhuj using drones and missiles, which were neutralised. A rise in crude oil prices and a stronger US dollar further weighed on the rupee. The dollar index was up 0.46 per cent at 100.07 on Thursday after the US Federal Reserve left interest rates unchanged at 4.25–4.50 per cent and warned of persistent inflation and economic uncertainty. The index tracks the greenback's performance against six major currencies. Bond yields also inched up following India's statement on rising tensions. 'In the morning, the yields were actually down because of the Open Market Operation (OMO) auction, then this news came and there was selling,' said the treasury head at a private bank. 'We might see some more selling on Friday because of the weekend,' he added. The RBI plans to purchase Rs 25,000 crore worth of government securities through an OMO auction on Friday. Bond dealers said the RBI's ongoing liquidity infusion has helped support market sentiment and limit losses. 'Despite the news, we were near 6.30 per cent, but with escalation, we can't predict where yields will move from here. Overall, the bond market still maintains a positive outlook,' said the treasury head at another private bank.
