US Government Files Stay Motion to Resume Colosseum Rare Earth Operations
DTREF sits 15% above its 52-week low of $0.043 on elevated volume (2.5× avg).
Summary
The Department of Justice and Department of War have filed their own motion to stay the preliminary injunction that halted operations at the Colosseum Mine, arguing the court erred on the 'valid existing rights' clause and that the injunction harms national security. A sworn declaration from the Assistant Secretary of War states the mine is critical for rare earth supply and uniquely positioned near Mountain Pass. The stay motions will be heard on 26 October 2026, with the government requesting CRM be allowed to resume operations under its approved Plan of Operations. This is a significant development because it brings the full weight of the US government behind the company's appeal, increasing the likelihood the injunction is lifted. The appeal itself proceeds in the Ninth Circuit regardless of the stay decision.
At the time of this announcement, DTREF was trading at $0.05 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $199.5M. The 52-week trading range was $0.04 to $0.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.