14:26:57 EDT Sun 28 Apr 2024
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Diamond & Specialty Minerals Summary for March 7, 2024

2024-03-07 19:23 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 100-97-113 as the TSX Venture Exchange rose fractionally to 575. Ewan Mason and George Read's Star Diamond Corp. (DIAM) wrapped up its show-and-tell session at the Prospectors and Developers Association of Canada convention in Toronto this week. The company's diamonds were a hit, but its stock remains hard to budge. Star was unchanged at 8.5 cents on 105,000 shares today.

Peter Wilson's Spark Energy Minerals Inc. (EMIN) rose 1.5 cents to 7.5 cents on 54,000 shares. Spark has a tentative deal through which it will acquire an option on the Minas Gerais project in Brazil from Tristar Energy Corp. (To be clear, Tristar is selling an option it had acquired, not granting an option on a project of its own.) Nevertheless, Spark will issue 15 million shares to Tristar for the transfer, and it must also make an underlying option payment of $400,000 before late May.

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