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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a weak 61-112-137 as the TSX Venture Exchange fell three points to 550. Greg Reimer's busy lithium explorer, Surge Battery Metals Inc. (NILI), was a busy trader as it dropped six cents to 69 cents on 1.14 million shares without benefit of news.

Dr. William Lamb and Adam Lundin's Lucara Diamond Corp. (LUC) lost one cent to 38 cents on 178,000 shares. The company has received another extension to the maturity date of its $50-million (U.S.) senior secured working capital facility, and a deferral to the requirement to place $52.9-million (U.S.) into a cost overrun reserve account. The date has been pushed ahead two weeks, to Jan. 15, 2024, from the end of December.

The original maturity date for the working capital facility and cost overrun payment was early September, but one of Dr. Lamb's first acts upon returning as president and chief executive office after a five-year hiatus was to negotiate a two-month delay, to Nov. 1, 2023. Since then, almost like clockwork, as the due date approached Lucara cheered another successful renegotiation -- first to mid-November, next to mid-December, and then to the end of the year.

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