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Diamond & Specialty Minerals Summary for Aug. 15, 2023

2023-08-15 19:32 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a poor 70-113-127 as the TSX Venture Exchange fell seven points to 589. HPQ Silicon Inc. (HPQ) closed unchanged at 38 cents on 586,000 shares. The company has been silent for the past three weeks, but it is busy with its fumed silica reactor development project. Silica is an abundant mineral, but fumed silica is crucial -- expensive in other words -- because of its unique properties.

Ewan Mason and George Read's Star Diamond Corp. (DIAM), up one-half cent to 10 cents on 216,000 shares, is getting low on cash. This is sparking speculation about when Mr. Mason, chairman and interim chief executive officer, and Mr. Read, the company's senior vice-president of corporate development, will go to the market to replenish the company's treasury. No time soon, Star says, stating that it "believes it has sufficient liquidity to fund general and administrative costs and certain exploration expenditures through to the end of 2023."

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