Dateline Resources Sells Udu Copper Project to Focus on US Expansion

Dateline Resources Limited ( (AU:DTR) ) has issued an announcement.

Dateline Resources Limited has announced the sale of its Udu Copper Project in Fiji to Viva Metals Pty Ltd for up to A$4.35 million, allowing Dateline to focus on its core projects in the United States. The proceeds from the sale will be used to accelerate the development of the Colosseum Gold-REE Project in California, which is gaining attention for its potential in both precious metals and critical minerals. This strategic divestment aligns with Dateline’s focus on expanding its US operations and improving its market visibility through an upcoming OTCQB listing.

More about Dateline Resources Limited

Dateline Resources Limited is a company operating in the mining industry, focusing on gold and rare earth element (REE) resources. The company is involved in the redevelopment of the Colosseum Project in California, a past-producing gold mine, with a dual focus on gold and REE resources. Dateline is also working towards enhancing its market presence through an upcoming listing on the OTCQB Venture Market.

Average Trading Volume: 131,282,041

Technical Sentiment Signal: Buy

Current Market Cap: A$99.56M

For a thorough assessment of DTR stock, go to TipRanks’ Stock Analysis page.