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Diamond & Specialty Minerals Summary for June 14, 2017

2017-06-14 21:21 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a mediocre 50-62-145. The TSX Venture Exchange fell six points to 779 while polished diamond prices remained flat. Rick Wilson's Nevada Energy Minerals Inc. (BFF) lost one-half cent to three cents on 975,000 shares. The company has not had news about its lithium brine exploration plans in Nevada since early this year.

Paul Brockington's Margaret Lake Diamonds Inc. (DIA: $0.075) has sold 3.65 million flow-through shares at 10 cents, raising $365,000 for exploration on its two diamond properties in the Northwest Territories, Margaret Lake and Diagras. The company is also getting a $36,600 mining incentive program grant from the Northwest Territories government for work on the Margaret Lake project. The Northwest Territories bureaucrats told Mr. Brockington and his crew that the "Margaret Lake project was highly ranked," although the company's stock chart suggests that that is a minority opinion. The government approved the project for funding at a 50-per-cent rate, which suggests that the company does not have major plans.

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