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Dateline Resources jumps 26% after DOJ backs Colosseum mine
Dateline Resources jumped 26% after the DOJ backed its Colosseum gold and HREE project. Klevo Rewards rose 39% on a stablecoin trial. Cokal gained on a coal shipment to China.
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Dateline Resources (ASX:DTR) jumped 25.9% to 17¢ after the U.S. Department of Justice filed a motion opposing a legal challenge to the company's Colosseum gold and heavy rare earth element project in California. The DOJ told the Federal Court that Dateline's activities are authorised under the existing plan of operations and that no new plan is required, pushing back against a lawsuit from the National Parks Conservation Association.
The stock was the most-discussed name on the HotCopper forums Monday, with traders focused on the legal win. The DOJ also argued that an April letter from the National Park Service confirmed the legal status of the approved plan, removing a key regulatory overhang for the project.