Latest news with #VivaMetals
West Australian
13-05-2025
- Business
- West Australian
Dateline cashes in Fiji copper to fast-track US gold-REE project
Dateline Resources is dialling up its US focus after offloading a non-core asset in Fiji in a deal worth up to $4.35 million. The decision to sell the company's Udu copper project will free up management time and pump cash into a fast-tracked drill program at its flagship Colosseum rare earths and gold project in California. The strategic divestment hands full ownership of the Udu asset to Viva Metals - a private Australian outfit building a dominant position in Fiji's emerging mining sector. Under the terms of the agreement, Dateline will receive $350,000 in cash within the next 45 days. It will also pick up $1 million worth of shares in Viva Metals, triggered when the buyer lands an ASX listing. Adding to the initial payments, Dateline is in the running for several milestone payments and royalties worth upwards of $3M that keeps it in the game if Udu strikes it big. These payments include $750,000 on proving up a 150,000oz gold-equivalent JORC resource, $750,000 on the start of commercial production and a 1 per cent net smelter royalty, capped at $1.5M. Management says the deal has ticked two major Udu-related boxes by monetising a non-core asset while also ensuring the project stays in the hands of a party committed to Fiji's long-term development. Notably the sale injects immediate capital into Dateline's Colosseum project in the United States. The revitalised gold mine is now also tipped to host rare earths similar to those at the globally significant Mountain Pass operation just 10 kilometres away. Freshly armed with funds, Dateline can now accelerate its bankable feasibility study on the gold resource and press the button on a rare earth exploration blitz to be designed and managed by globally renowned consultants Dr Anthony Mariano and Tony Mariano. Colosseum already hosts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne (g/t) for 1.1 million ounces of gold with more than two-thirds of it in the measured and indicated categories. The real kicker however, is the prospect of rare earth element (REE) mineralisation that may lurk beneath Colosseum's golden layer and which is and now the focus of serious US government interest. To match its American ambitions, Dateline is also preparing to uplist from the OTC Pink market to the more visible and liquid OTCQB Venture Market in the third quarter of this year. The move is expected to widen its US investor base and aligns with a growing wave of interest in domestic rare earths development. Interest in Dateline's REE potential surged in late-April following a Truth Social post from US President Donald Trump, who hailed Colosseum as 'America's second rare earths mine' and trumpeted its long-awaited permitting green light. With political tailwinds, fresh cash in hand, and drill rigs preparing to bite into critical mineral-rich ground, Dateline looks to be zeroing in on a rare combo of gold and REEs just as the global demand for both metals surges. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
13-05-2025
- Business
- Sydney Morning Herald
Dateline cashes in Fiji copper to fast-track US gold-REE project
Dateline Resources is dialling up its US focus after offloading a non-core asset in Fiji in a deal worth up to $4.35 million. The decision to sell the company's Udu copper project will free up management time and pump cash into a fast-tracked drill program at its flagship Colosseum rare earths and gold project in California. The strategic divestment hands full ownership of the Udu asset to Viva Metals - a private Australian outfit building a dominant position in Fiji's emerging mining sector. Under the terms of the agreement, Dateline will receive $350,000 in cash within the next 45 days. It will also pick up $1 million worth of shares in Viva Metals, triggered when the buyer lands an ASX listing. Adding to the initial payments, Dateline is in the running for several milestone payments and royalties worth upwards of $3M that keeps it in the game if Udu strikes it big. These payments include $750,000 on proving up a 150,000oz gold-equivalent JORC resource, $750,000 on the start of commercial production and a 1 per cent net smelter royalty, capped at $1.5M. Management says the deal has ticked two major Udu-related boxes by monetising a non-core asset while also ensuring the project stays in the hands of a party committed to Fiji's long-term development. Notably, the sale injects immediate capital into Dateline's Colosseum project in the United States. The revitalised gold mine is now also tipped to host rare earths similar to those at the globally significant Mountain Pass operation just 10 kilometres away. Freshly armed with funds, Dateline can now accelerate its bankable feasibility study on the gold resource and press the button on a rare earth exploration blitz to be designed and managed by globally renowned consultants Dr Anthony Mariano and Tony Mariano. Colosseum already hosts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne (g/t) for 1.1 million ounces of gold with more than two-thirds of it in the measured and indicated categories. The real kicker, however, is the prospect of rare earth element (REE) mineralisation that may lurk beneath Colosseum's golden layer and which is and now the focus of serious US government interest.
The Age
13-05-2025
- Business
- The Age
Dateline cashes in Fiji copper to fast-track US gold-REE project
Dateline Resources is dialling up its US focus after offloading a non-core asset in Fiji in a deal worth up to $4.35 million. The decision to sell the company's Udu copper project will free up management time and pump cash into a fast-tracked drill program at its flagship Colosseum rare earths and gold project in California. The strategic divestment hands full ownership of the Udu asset to Viva Metals - a private Australian outfit building a dominant position in Fiji's emerging mining sector. Under the terms of the agreement, Dateline will receive $350,000 in cash within the next 45 days. It will also pick up $1 million worth of shares in Viva Metals, triggered when the buyer lands an ASX listing. Adding to the initial payments, Dateline is in the running for several milestone payments and royalties worth upwards of $3M that keeps it in the game if Udu strikes it big. These payments include $750,000 on proving up a 150,000oz gold-equivalent JORC resource, $750,000 on the start of commercial production and a 1 per cent net smelter royalty, capped at $1.5M. Management says the deal has ticked two major Udu-related boxes by monetising a non-core asset while also ensuring the project stays in the hands of a party committed to Fiji's long-term development. Notably, the sale injects immediate capital into Dateline's Colosseum project in the United States. The revitalised gold mine is now also tipped to host rare earths similar to those at the globally significant Mountain Pass operation just 10 kilometres away. Freshly armed with funds, Dateline can now accelerate its bankable feasibility study on the gold resource and press the button on a rare earth exploration blitz to be designed and managed by globally renowned consultants Dr Anthony Mariano and Tony Mariano. Colosseum already hosts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne (g/t) for 1.1 million ounces of gold with more than two-thirds of it in the measured and indicated categories. The real kicker, however, is the prospect of rare earth element (REE) mineralisation that may lurk beneath Colosseum's golden layer and which is and now the focus of serious US government interest.
Yahoo
12-05-2025
- Business
- Yahoo
Funding for Colosseum Project
Sales Proceeds to be used at Colosseum Dateline Resources Sells Udu Copper Project, Boosts Focus on Colosseum Gold-REE Project in California NEW YORK CITY, NY / / May 12, 2025 / Dateline Resources Limited (OTC Pink:DTREF) ("Dateline" or "the Company") is excited to announce the sale of its full interest in Dateline Resources Pty Ltd (Fiji), the 100% owner of the Udu Copper Project in Fiji, to Viva Metals Pty Ltd, an Australian private group building a robust portfolio of mining assets in Fiji. This strategic move allows Dateline to sharpen its focus on its flagship Colosseum Gold and Rare Earth Element (REE) Project in California, while ensuring the Udu Project's future growth under an owner committed to Fiji's economic development. Dateline extends its gratitude to the Fijian Government, local communities, and landowners for their support and is confident that Viva Metals will continue to drive positive outcomes for Fiji. Transaction Highlights The sale agreement provides Dateline with a mix of immediate cash, equity, and future milestone payments for the Udu Project: $250,000 USD (approx. A$350,000) in cash, payable within 45 days. $650,000 USD (approx. A$1,000,000) in shares issued to Dateline upon Viva Metals (or its nominee) achieving a future listing on the Australian Securities Exchange (ASX). Up to $2 million USD (approx. A$3,000,000) in milestone payments, structured as: $500,000 USD (approx. A$750,000) upon Viva Metals delineating a JORC-compliant Indicated Mineral Resource of at least 150,000 ounces of gold equivalent at Udu. $500,000 USD (approx. A$750,000) upon the start of commercial production at Udu. A 1% Net Smelter Return (NSR) royalty on metals or minerals produced from Udu, capped at $1 million USD (approx. A$1,500,000). This deal delivers immediate capital to Dateline, maintains long-term exposure to Udu's potential, and supports continued investment in Fiji's mining sector under Viva Metals' stewardship. Advancing Colosseum's Growth The cash proceeds of $250,000 USD will be directed toward advancing Dateline's Colosseum Project in San Bernardino County, California. A past-producing gold mine, Colosseum is being redeveloped to unlock its gold and rare earth element (REE) potential. The funds will support the ongoing Bankable Feasibility Study (BFS) for the gold resource and exploration activities targeting REE deposits. Colosseum's strategic importance to U.S. critical mineral supply chains has drawn significant attention, positioning Dateline as a key player in America's resource sector. OTCQB Listing on Track for Q3 2025 Dateline is progressing toward a Q3 2025 listing on the OTCQB Venture Market, a step up from its current OTC Pink trading under the ticker DTREF. The Company has completed all necessary paperwork for OTCID market participation, a critical milestone toward the OTCQB upgrade. This move will enhance transparency, liquidity, and access to a wider pool of U.S. institutional and retail investors. The OTCQB listing aligns with growing U.S. interest in Colosseum. On April 25, 2025, President Donald J. Trump highlighted the project in a Truth Social post, calling it "America's second rare earths mine" and praising its permitting approval after years of delays. This endorsement underscores Colosseum's role in strengthening U.S. critical mineral and precious metals production. Colosseum Rare Earths Drilling Program Dateline is advancing plans for a rare earth drilling program at Colosseum, located just 6 miles north of the Mountain Pass Rare Earth Mine. This initiative supports U.S. federal goals to secure domestic supplies of critical minerals vital for technology, defense, and clean energy. The program builds on Colosseum's established gold resource, which includes a JORC-2012 compliant Mineral Resource Estimate of 27.1 million tons at 1.26 g/t gold for 1.1 million ounces (41% Measured, 26% Indicated, 33% Inferred). Looking Ahead Dateline's leadership is confident that the Udu sale and intensified focus on Colosseum will drive long-term shareholder value. By monetizing a non-core asset and reinvesting in a high-potential U.S. project, Dateline is well-positioned to capitalize on America's demand for gold and critical minerals. About Dateline Resources Limited Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on mining and exploration in North America. The company owns 100% of the Colosseum Gold-REE Project in California, a strategic asset with significant gold and rare earth elements potential. For more information, visit Follow Dateline on X: Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of applicable securities laws. These statements relate to future events or future performance and include, but are not limited to, statements regarding the potential of the Colosseum Project, the expected benefits of the OTCQB listing, the company's plans for future development, and the strategic importance of the project for U.S. critical minerals supply. Forward-looking statements are based on the company's current expectations, estimates, and projections, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to: fluctuations in the prices of gold and rare earth elements; changes in regulatory requirements or permitting processes; geological or technical challenges in exploration and development; market conditions affecting the company's ability to raise capital; environmental or social factors impacting operations; risks associated with the OTCQB listing process or trading on a new market; environmental and permitting risks associated with operating in a national preserve; uncertainty regarding the delineation of a mineable rare earth elements resource; risks related to the company's ability to secure necessary funding for project development; and potential changes in government policies or priorities affecting the critical minerals sector. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company does not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Competent Person Statement The exploration information in this press release has been reviewed by Mr. Greg Hall, a Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr. Hall has sufficient experience relevant to the style of mineralization and deposit type to qualify as a Competent Person under the JORC Code. He consents to the inclusion of this information in the context in which it appears. For More Information, Please Contact: Stephen BaghdadiManaging Director+61 2 9375 Andrew RowellWhite Noise Communications+61 400 466 226andrew@ SOURCE: Dateline Resources Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
12-05-2025
- Business
- Miami Herald
Funding for Colosseum Project
Sales Proceeds to be used at Colosseum Dateline Resources Sells Udu Copper Project, Boosts Focus on Colosseum Gold-REE Project in California NEW YORK CITY, NY / ACCESS Newswire / May 12, 2025 / Dateline Resources Limited (OTC Pink:DTREF) ("Dateline" or "the Company") is excited to announce the sale of its full interest in Dateline Resources Pty Ltd (Fiji), the 100% owner of the Udu Copper Project in Fiji, to Viva Metals Pty Ltd, an Australian private group building a robust portfolio of mining assets in Fiji. This strategic move allows Dateline to sharpen its focus on its flagship Colosseum Gold and Rare Earth Element (REE) Project in California, while ensuring the Udu Project's future growth under an owner committed to Fiji's economic development. Dateline extends its gratitude to the Fijian Government, local communities, and landowners for their support and is confident that Viva Metals will continue to drive positive outcomes for Fiji. Transaction Highlights The sale agreement provides Dateline with a mix of immediate cash, equity, and future milestone payments for the Udu Project: $250,000 USD (approx. A$350,000) in cash, payable within 45 days.$650,000 USD (approx. A$1,000,000) in shares issued to Dateline upon Viva Metals (or its nominee) achieving a future listing on the Australian Securities Exchange (ASX).Up to $2 million USD (approx. A$3,000,000) in milestone payments, structured as:$500,000 USD (approx. A$750,000) upon Viva Metals delineating a JORC-compliant Indicated Mineral Resource of at least 150,000 ounces of gold equivalent at Udu.$500,000 USD (approx. A$750,000) upon the start of commercial production at Udu.A 1% Net Smelter Return (NSR) royalty on metals or minerals produced from Udu, capped at $1 million USD (approx. A$1,500,000). This deal delivers immediate capital to Dateline, maintains long-term exposure to Udu's potential, and supports continued investment in Fiji's mining sector under Viva Metals' stewardship. Advancing Colosseum's Growth The cash proceeds of $250,000 USD will be directed toward advancing Dateline's Colosseum Project in San Bernardino County, California. A past-producing gold mine, Colosseum is being redeveloped to unlock its gold and rare earth element (REE) potential. The funds will support the ongoing Bankable Feasibility Study (BFS) for the gold resource and exploration activities targeting REE deposits. Colosseum's strategic importance to U.S. critical mineral supply chains has drawn significant attention, positioning Dateline as a key player in America's resource sector. OTCQB Listing on Track for Q3 2025 Dateline is progressing toward a Q3 2025 listing on the OTCQB Venture Market, a step up from its current OTC Pink trading under the ticker DTREF. The Company has completed all necessary paperwork for OTCID market participation, a critical milestone toward the OTCQB upgrade. This move will enhance transparency, liquidity, and access to a wider pool of U.S. institutional and retail investors. The OTCQB listing aligns with growing U.S. interest in Colosseum. On April 25, 2025, President Donald J. Trump highlighted the project in a Truth Social post, calling it "America's second rare earths mine" and praising its permitting approval after years of delays. This endorsement underscores Colosseum's role in strengthening U.S. critical mineral and precious metals production. Colosseum Rare Earths Drilling Program Dateline is advancing plans for a rare earth drilling program at Colosseum, located just 6 miles north of the Mountain Pass Rare Earth Mine. This initiative supports U.S. federal goals to secure domestic supplies of critical minerals vital for technology, defense, and clean energy. The program builds on Colosseum's established gold resource, which includes a JORC-2012 compliant Mineral Resource Estimate of 27.1 million tons at 1.26 g/t gold for 1.1 million ounces (41% Measured, 26% Indicated, 33% Inferred). Looking Ahead Dateline's leadership is confident that the Udu sale and intensified focus on Colosseum will drive long-term shareholder value. By monetizing a non-core asset and reinvesting in a high-potential U.S. project, Dateline is well-positioned to capitalize on America's demand for gold and critical minerals. About Dateline Resources Limited Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on mining and exploration in North America. The company owns 100% of the Colosseum Gold-REE Project in California, a strategic asset with significant gold and rare earth elements potential. For more information, visit Follow Dateline on X: Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of applicable securities laws. These statements relate to future events or future performance and include, but are not limited to, statements regarding the potential of the Colosseum Project, the expected benefits of the OTCQB listing, the company's plans for future development, and the strategic importance of the project for U.S. critical minerals supply. Forward-looking statements are based on the company's current expectations, estimates, and projections, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to: fluctuations in the prices of gold and rare earth elements; changes in regulatory requirements or permitting processes; geological or technical challenges in exploration and development; market conditions affecting the company's ability to raise capital; environmental or social factors impacting operations; risks associated with the OTCQB listing process or trading on a new market; environmental and permitting risks associated with operating in a national preserve; uncertainty regarding the delineation of a mineable rare earth elements resource; risks related to the company's ability to secure necessary funding for project development; and potential changes in government policies or priorities affecting the critical minerals sector. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company does not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Competent Person Statement The exploration information in this press release has been reviewed by Mr. Greg Hall, a Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr. Hall has sufficient experience relevant to the style of mineralization and deposit type to qualify as a Competent Person under the JORC Code. He consents to the inclusion of this information in the context in which it appears. For More Information, Please Contact: Stephen BaghdadiManaging Director+61 2 9375 RowellWhite Noise Communications+61 400 466 226andrew@ SOURCE: Dateline Resources Limited
