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by Will Purcell

The critical and specialty minerals stocks box score on Monday was a pleasant 125-51-134 as the TSX Venture Exchange rose 19 points to 930. James Bruchs's Tsodilo Resources Ltd. (TSD) rose one cent to 18 cents on 40,000 shares. The company has closed its placement of 4.5 million shares at 20 cents apiece, raising $900,000 for the advancement of its Gcwihaba critical minerals and rare earth elements project and the Xaudum iron formation project. As well some cash will go for general corporate and working capital purposes. Those uses are the same as those detailed in the company's previous placement in early February, when it sold 4.95 million shares at 15 cents, raising $742,000.

Mr. Bruchs, Tsodilo's Virginia-based chairman and chief executive officer, is an adaptable fellow, not unlike his Gcwihaba project. Both have been around for over 20 years, and both were originally focused on diamonds. As things turned out, Mr. Bruchs may be relieved that he and his crew never found anything worthwhile during Tsodilo's diamond exploration -- most of those that did, after all, fared poorly. And so, Gcwihaba was initially repackaged as a metals hunt, and most recently as being prospective for critical minerals.

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