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by Will Purcell
The critical and specialty minerals stocks box score on Monday was an upbeat 122-59-139 as the TSX Venture Exchange rose 14 points to 836. Energy Fuels Inc. (EFR) had a good day, adding 92 cents to $10.32 on 2.55 million shares. Energy Fuels -- "a global critical mineral company poised to provide 10 of the 50 critical minerals the world needs for today's technology and beyond," its website crows -- has not had a great year: A share went for $36 in January.
Sandy MacDougall's Noram Lithium Corp. (NRM) lost one-half cent to five cents on 21,000 shares. The company conceded Friday that an update of a preliminary economic assessment for its Zeus lithium project in the Clayton Valley district of southern Nevada is taking longer than expected. Work on the update began in February, and although Noram never offered a deadline, it had expected it by mid-September. Later, it said it would be complete before Halloween.
Last Thursday -- the ghosts and goblins having drifted off a week earlier -- Noram conceded that the work has been taking longer than initially anticipated, adding that it "has yet to receive any information" about key aspects of the study because of factors beyond the company's direct control. Those factors, which included extended laboratory assay turnaround times, have contributed to delays that presented considerable challenges to advancing this work within the original schedule, it sighed.
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