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by Will Purcell

The critical and specialty minerals stocks box score for Wednesday was a healthy 114-61-135 as the TSX Venture Exchange reclaimed five points to 873. Most critical and specialty minerals stocks were up today, and a graphite hunter did especially well without aid of news: Tony Huston's Graphite One Inc. (GPH) leapt 26 cents to $1.70 on 3.66 million shares.

Richard Quesnel's Consolidated Lithium Metals Inc. (CLM) closed unchanged at five cents on 751,000 shares. The company has signed a definitive deal to acquire up to 80 per cent of the Kwyjibo rare earth project, 125 kilometres northeast of Sept-Iles in Quebec, from Soquem Inc., a corporate arm of the Quebec government. (Corporate hand, or even finger might be a better analogy: Soquem is a subsidiary of Investissement Quebec, which is wholly owned by the provincial government.)

To earn a 60-per-cent interest, Consolidated Lithium must pay $5.65-million in cash and issue $5.5-million of stock. It must also spend $12-million on the project. Specifically, Consolidated Lithium must negotiate and ratify an impacts and benefits agreement with the local Innu, complete metallurgical work to confirm the environmental viability of extracting and processing rare earth elements in the area, and complete environmental permitting.

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