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Diamond & Specialty Minerals Summary for Nov. 17, 2017

2017-11-17 21:14 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was an upbeat 89-66-124. The TSX Venture Exchange gained six points to 799 while polished diamond prices were flat. Keith Anderson's Far Resources Inc. (FAT) gained five cents to 54 cents on 3.08 million shares. Far has raised $100,000 to help work and promote its Zoro lithium and tantalum project in Northern Manitoba.

Word that Patrick Power's Arctic Star Exploration Corp. (ADD) has closed its acquisition of the 243-hectare Timantti diamond project in Finland sent the company's stock up 4.5 cents to 18 cents on 3.71 million shares Thursday. Today it gave some of it back, dropping one cent to 17 cents on 839,000 shares. Arctic Star is issuing 14.5 million shares for a 100-per-cent interest in the project, owned by Foriet Oy. (Arctic Star is also acquiring nearly 100,000 additional hectares surrounding the little property from the government at little cost.)

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