Trump Shout-Out Sends Dateline Resources Skyrocketing — Here’s Why Investors Are Buzzing
Originally reported by the Sydney Morning Herald और Yahoo Finance (May 2, 2025)
Big news out of the US just lit a fire under Dateline Resources — the ASX-listed company’s stock exploded 233% higher to 3 cents today after a surprising (and very public) endorsement by President Donald Trump. He gave their Colosseum gold and rare earths (REE) project in California a shout-out on his Truth Social platform, calling it “America’s second rare earths mine.”
The market didn’t miss it. Over 370 million shares changed hands as investors rushed in, clearly seeing the potential. Trump’s post read:
“The Colosseum Mine, America’s second rare earths mine, has been approved after years of stalled permitting.” – Donald J. Trump
That endorsement came right after the US Interior Department (DOI) gave Dateline the green light to mine the site, validating their historic leases and allowing them to go after both gold and rare earths — two hot commodities, especially in light of US efforts to reduce dependence on चीन.
Dateline’s MD Stephen Baghdadi said the company has “seen growing interest out of the US, particularly after recent milestones at our Colosseum project.” And that makes sense — the project is right next to Mountain Pass, America’s only operating rare earths mine (just 10 km away), which started producing in the 1950s with grades of 7% total rare earths — a serious benchmark.
The Colosseum project itself already boasts:
- ए 27.1 million tonne gold resource
- Grading 1.26 g/t gold
- Totaling 1.1 million ounces
- With 67% in measured and indicated categories
This isn’t a brand-new dig either — it used to be owned by Barrick Gold, which pulled out 344,000 ounces before operations stopped in the early 90s when gold was just US$350/oz.
Fast forward to now: gold is trading around US$3253/oz, which is 47% higher than the US$2200/oz price used in their 2023 scoping study. That study outlined:
- An 8-year mine life
- 75,000 ounces/year of gold production
- Pre-tax NPV of US$235M (A$367M)
- All-in sustaining costs of just US$1490/oz (A$2313)
With today’s gold prices, the economics are set for a major re-rate, and Dateline is already eyeing project expansion to make the most of it.
They’re also planning to uplist to the US OTCQB Venture Market, making it easier for American investors to jump on board.
So, what we’ve got here is a small-cap Aussie stock that just landed a massive political tailwind, a validated gold/REE site next to a strategic US mine, rising metal prices, and now a pathway to North American capital. Keep an eye on this one — it’s shaping up to be a critical minerals story with serious upside.