Dateline moves into US heavy rare earths with California acquisition
Stepping up its exposure to US critical minerals, ASX-listed Dateline Resources on Friday announced the acquisition of the Music Valley heavy rare earth elements project in California, securing 57 claims covering about 640 ha in Riverside county.
The Music Valley project is located about 13 km south-east of Twentynine Palms and covers the principal geological units and drainages highlighted in historical US Geological Survey sampling programmes.
“Music Valley gives Dateline direct exposure to heavy rare earth mineralisation in California with historically reported high-grade total rare earth oxide results and strong heavy rare earth enrichment," said MD Stephen Baghdadi.
As part of the acquisition terms, Dateline has completed a $1-million strategic investment in Fermi Critical Minerals, intended to accelerate exploration across Fermi’s uranium and rare-earths portfolio. Fermi holds eight projects at varying stages of exploration and development in the US.
“Our $1-million investment in Fermi provides additional leverage to a substantial US uranium and rare-earths portfolio, including drill-permitted projects in Wyoming and Colorado.
“This transaction enhances Dateline’s exposure to gold, uranium, light and heavy rare earths within the United States at a time when domestic supply chains are increasingly strategic.”
Dateline noted that while light rare earth elements such as neodymium and praseodymium are widely used in permanent magnets, heavy rare earths including dysprosium and terbium are critical to defence systems, advanced electronics and next-generation energy technologies. With global production and processing heavily concentrated outside the US, the company believes Music Valley strengthens its positioning within a strategic domestic supply chain.
Dateline already owns the Colosseum project, near Mountain Pass, primarily targeting light rare earths.
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