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by Will Purcell
The critical and specialty minerals stocks box score for Thursday was a bleak 60-105-145 as the TSX Venture Exchange fell 30 points to 1,020. Almonty Industries Inc. (AII), the Korean miner of tungsten that is looking to produce the metal from its Gentung project in southwestern Montana, lost $1.74 to $30.20 on 1.15 million shares today. In preparation for developing Gentung, which it acquired late last year, Almonty forsook its Toronto home to set up corporate shop in Montana. Well, rhetorically at least -- Lewis Black, Almonty's chairman, president and chief executive officer, hails from New York and is unlikely to stray from there.
Guy Bourassa's Scandium Canada Ltd. (SCD) rose one-quarter of a cent to 12.25 cents on 1.22 million shares. The company applauded the "overwhelming shareholder support" that its board of directors received this week at its annual general meeting. All six directors, including Mr. Bourassa, the company's CEO, were elected with 100-per-cent support -- of the 18.48 per cent of shares eligible to be voted, that is.
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