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Diamond & Specialty Minerals Summary for Aug. 11, 2016

2016-08-11 20:53 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a positive 82-71-111. The TSX Venture Exchange gained two points to 836 while polished diamond prices edged lower. Larry Reaugh's American Manganese Inc. (AMY) gained one cent to 15.5 cents on 6.65 million shares. The company, which is touting a plan to recycle material to recover cobalt and lithium, is seeking to raise $1-million at 14 cents.

Peter Dasler's Canalaska Uranium Inc. (CVV), up two cents to $1.14 on 21,000 shares, plans to fly a low-level, high-definition geophysical survey over its diamond project in the Athabasca district of northeastern Alberta, which is not to be confused with its diamond play in the Athabasca district of northwestern Saskatchewan that attracted De Beers Canada as a partner this spring. The Alberta diamond property spans 100,000 hectares along the Saskatchewan border immediately south of Lake Athabasca, roughly 150 kilometres northeast of Fort McKay. (The company also has about 15,000 hectares of ground to the east in Saskatchewan, the West Carswell and Has Lake properties, that are also outside of the De Beers joint venture.)

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