Aussie Dateline Resources up after buying stake in Strontium project

Dateline Resources

05/07/2023 03:22

** Shares of Australia's Dateline Resources Limited  DTR.AX 
rise as much as 7.4% to A$0.029, hitting highest since June 26  
    ** Move marks third consecutive session of rise, if gains
hold 
    ** Gold miner says co has executed a binding term sheet with
Western Strontium to acquire an 80% interest in the Argos
Strontium Project located in San Bernardino California 
    ** Strontium is a key component of Permanent Ferrite Magnets
used to make electric vehicles
    ** Stock has fallen ~27% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))