Dateline Resources (ASX:DTR) has acquired the Music Valley Heavy Rare Earth Elements (HREE) Project in Riverside County, California.
The project spans 57 claims over 1,140 acres in the Music Valley area, prospective for HREE mineralisation in xenotime.
Historical grades from the United States Geological Survey (USGS) reported between 6.69% and 15.04% total rare earth oxide, including yttrium and dysprosium grades, across the greater region.
As a term of the agreement, Dateline has invested US$1 million in Fermi Critical Minerals. The investment will be used for exploration across Fermi’s uranium and rare earth portfolio.
Meanwhile at Music Valley, Dateline will conduct geological mapping, confirm rock chip and soil samples, review and integrate USGS datasets, and conduct geophysical surveys.
Managing Director Stephen Baghdadi says the acquisition allows Dateline direct exposure to heavy rare earth mineralisation in California.
“Our US$1 million investment in Fermi provides additional leverage to a substantial US uranium and rare earth portfolio, including drill-permitted projects in Wyoming and Colorado,” Baghdadi says.
“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 Resources is an Australian explorer focused on operations across North America.
Write to Maddison Elliott at Mining.com.au
Images: Dateline Resources
