Australia's Dateline Resources falls on US1 Critical Minerals suing CEO

Dateline Resources

09/12/2025 04:58

Corrects to remove extraneous words in fourth bullet point

** Shares of Dateline Resources DTR.AX fall as much as 20.4% to A$0.195, their lowest level since August 21

** Marks steepest fall since October 28

** Earlier in the day Gold and rare earths elements miner said US1 Critical Minerals USC.AX had commenced legal proceedings against its CEO in an attempt to obtain transfer of certain potentially promising rare earth elements tenements in the U.S.

** USC said after market hours on Monday, it has filed proceedings seeking orders to prevent Dateline Resources CEO Stephen Baghdadi from dealing in the U.S. tenements

 ** USC believes Baghdadi, a representative of Apex Resources, may be seeking to repudiate the deal between USC and Apex

** DTR says it denies that co, its CEO or entities associated with CEO have any contractual arrangements with USC in relation to such tenements

** About 26.3 million shares change hands 1.8 times the 30-day avg

** Stock is up over 6000% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))