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Diamond & Specialty Minerals Summary for Nov. 30, 2015

2015-11-30 20:04 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a positive 45-40-153. The TSX Venture Exchange gained one point to 523 while polished diamond prices gained 0.2 per cent. Lukas Lundin's Lucara Diamond Corp. (LUC) gained 10 cents to $2.20 on 722,000 shares. Lucara has been increasingly vocal about wanting significantly more than $60-million (U.S.) for its 1,111-carat diamond mined recently at its Karowe mine in Botswana. Guy Bourassa's Nemaska Lithium Inc. (NMX) gained two cents to 36.5 cents on 1.14 million shares. Nemaska is plodding forward with its Whabouchi lithium project in Northern Quebec. A processing plant in Shawinigan is a part of that plan.

Patrick Power's Arctic Star Exploration Corp. (ADD), unchanged at two cents on 100,000 shares, says its top priority is its Stein diamond project on Boothia peninsula, 85 kilometres northwest of Taloyoak in central Nunavut. Mr. Power, chief executive officer, says his company "is now poised to continue advancing the project area in anticipation of drill testing" several identified anomalies of the property. (Poising and anticipating is about all Mr. Power and his vice-president of exploration, Buddy Doyle, have been able to accomplish of late: Arctic Star spent barely $75,000 on Stein this year, nearly all of it on "consulting.")

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