Dateline Resources Finalizes Acquisition of America's Largest Known Strontium Mine, Enhancing U.S. Domestic Mineral Supply
Dateline Resources Limited has announced the completion of its acquisition of a 100% interest in the Argos Strontium Project, which is recognized as the largest known strontium deposit in the United States. This move comes as part of Dateline's strategy to enhance its critical minerals portfolio, supporting U.S. initiatives to secure domestic mineral supplies vital to national security. The acquisition was finalized through the issuance of eight million fully-paid ordinary Dateline shares, valued at approximately A$2 million. The vendor retains a 1.25% Net Smelter Royalty on the Argos project, with shares subject to an escrow lock-up released in stages over eight months. Dateline's Managing Director, Stephen Baghdadi, highlighted the strategic importance of the Argos project, emphasizing its alignment with the company's focus on minerals essential for advanced technologies and national security.