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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a weak 70-100-140 as the TSX Venture Exchange rose four points to 538. Patrick Power and Buddy Doyle's once busy but currently stalled diamond explorer, Arctic Star Exploration Corp. (ADD), was unchanged at one cent on 1,000 shares. The company spent barely $30,000 on exploration through the first three quarters of 2023 -- less than the rounding error in the company's $2.0-million expenditure in the same period a year earlier.

And so, with Arctic Star's stock repeatedly bouncing off rock bottom -- one-half cent -- since mid-November, there is some encouragement: Mr. Power, the company's president and chief executive officer, appears to be offering his weary backers a proof-of-life signal as on Friday, he said that the company had sold 19.3 million one-cent shares in its planned $300,000 placement. This is a first tranche, Mr. Power says, as the company is still working on the sale of another 10.7 million shares, and he has until mid-January to pull it off.

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