Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Burgum Endorses Colosseum Rare Earths Project in Continued Critical Minerals Push

by admin June 17, 2025
June 17, 2025
Burgum Endorses Colosseum Rare Earths Project in Continued Critical Minerals Push

The Trump administration is fast tracking development of Dateline Resources’ (ASX:DTR,OTC Pink:DTREF) Colosseum rare earths project in California as part of its push to boost domestic critical minerals supply.

In a recent interview, Secretary of the Interior Doug Burgum highlighted the project as a priority under the government’s critical minerals strategy, stating that the US has ‘to get back in the game in a serious way around critical minerals.”

For his part, US President Donald Trump has called the project ‘America’s second rare earths mine.” He first announced Colosseum’s approval in an April 21 Truth Social post, listing it as a weekly achievement.

The Colosseum project sits in the Walker Lane Trend in East San Bernardino County, California, only 10 kilometers north of MP Materials’ (NYSE:MP) Mountain Pass mine, the only operating rare earths mine in the US.

Mountain Pass is also the highest-grade rare earths mine in the world.

According to Burgum, the endorsement from the government stems from the US’ push to restart domestic rare earths production and reduce dependence on other countries such as China.

Currently, China remains the biggest rare earths producer by far, producing 270,000 metric tons in 2024. That’s about 70 percent of the total production for the year, which was recorded at 390,000 metric tons.

The ongoing trade war has created tensions between the US and China, raising questions about supply chain security.

Some relief was seen last week — the BBC reported that China has agreed to supply US companies with magnets and rare earths as part of Trump’s deal with Xi Jinping, president of China. In return, the US said it will walk back its threats to revoke the visas of Chinese nationals at US colleges and universities.

Trump addressed the arrangement via a June 11 Truth Social update, stating that he has “always been good” with including Chinese students in colleges and universities.

Dateline has a green light to explore and extract rare earths from Colosseum, as well as gold.

“We have seen growing interest out of the US, particularly after recent milestones at Colosseum,” the Sydney Morning Herald quotes Dateline Managing Director Stephen Baghdadi as saying.

Dateline said in May that it had started the process to uplist to the OTCQB. Should the OTCQB listing go through, the company will still continue to meet its ASX disclosure requirements.

The same month, the company said it had begun preparations for a rare earths-focused drill program at Colosseum, and would complete it alongside a planned gold feasibility study for the site.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Anne Wojcicki to buy back 23andMe and its data for $305 million
next post
Mobile Gaming Stocks: 10 Biggest Companies in 2025

Related Posts

Trump Tariffs to Raise US Medical Device Costs,...

July 11, 2025

Top 5 Canadian Mining Stocks This Week: Adyton...

May 31, 2025

Purepoint Announces Amendment of Omnibus Equity Incentive Compensation...

May 29, 2025

Exploration Target at Golden Crown to Focus on...

May 27, 2025

Hempalta Provides Strategic Update Regarding Equipment Sale and...

June 7, 2025

Highly successful first milling campaign completed

March 20, 2025

StrategX Discovers Extensive High-Grade Graphite at Nagvaak and...

March 4, 2025

Skyharbour Resources

June 14, 2025

Shallow, high-grade gold in Sandstone drilling

April 10, 2025

Top 10 Tungsten-p​roducing Countries

February 25, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 22, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 22, 2025
    • FPX Nickel Joins Mining Association of Canada and Signs on to UN Global Compact, Demonstrating Industry Leadership in Sustainable and Responsible Project Development

      August 22, 2025
    • West High YieldResources Ltd. Announces Exercise of Options and Warrants

      August 22, 2025
    • NATO Defense Spending Pledge Puts Spotlight on Platinum Group Metals

      August 22, 2025
    • Trump, Rio Tinto Push for Copper as Court Halts Arizona Mine Transfer

      August 22, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved