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Diamond & Specialty Minerals Summary for Dec. 7, 2023

2023-12-07 18:40 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a ho-hum 82-91-137 as the TSX Venture Exchange fell fractionally to 534. Ian Pierce and Craig Scherba's NextSource Materials Inc. (NEXT) rose one cent to $1.12 on 1.45 million shares. The company' shareholders are particularly content these days, as only a sliver of them voted against any of their company's board nominees at this week's annual meeting. Mr. Pearce led the way, with 99.9-per-cent support -- a percentage better than what the company touts for its graphite from the Molo mine in Madagascar.

The other five nominees had to be content with just 99.8-per-cent support. That includes Sir Mick Davis, chairman, and Mr. Scherba, president and chief executive officer. Along with returnees Brett Whalen and Chris Kruba, NextSource's board will feature a new arrival, Martina Buchhauser, who the company cheers as "a global leader with a profound knowledge of the automotive industry" -- just not knowledgeable enough or worthy enough as a leader for 0.2 per cent of the company's shareholders.

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