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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 73-97-140 as the TSX Venture Exchange fell three points to 582. Fuse Battery Metals Inc. (FUSE) has been silent since May but it had its busiest day since last fall today, dropping one cent to 3.5 cents on 1.24 million shares.

The lethargic state of the diamond sector is evident in Canada's few remaining public diamond miners, but it looms largest over the dwindling brood of active explorers. It now appears that the Diagras diamond project, immediately northeast of the Diavik mine and east of Ekati near Lac de Gras in the Northwest Territories, will remain silent for the rest of the year. And so, Patrick Power and Buddy Doyle's Arctic Star Exploration Corp. (ADD), which had spiked to 29 cents in the spring of 2021 on earlier Diagras enthusiasm, was unchanged at 1.5 cents on 97,000 shares today.

Arctic Star owns an 81.5-per-cent interest in Diagras, while Yari Nieken's recently consolidated Margaret Lake Diamonds Inc. (DIA) holds the remaining stake. Margaret Lake has been halted at 16 cents since mid-July, when it revealed plans for the reverse acquisition of Emerging Goldfields Resources Ltd. (Therefore, it appears the 1:10 consolidation was a precursor to the reverse merger, an arrangement that will leave Margaret Lake's shareholders with just 4.74 million shares of the new company and Emerging's shareholders with nearly 60 million shares.)

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