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Diamond & Specialty Minerals Summary for Sept. 27, 2023

2023-09-27 20:38 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a sad 56-131-123 as the TSX Venture Exchange fell seven points to 550. Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR), which got as high as 12.5 cents in late July thanks to encouraging news about its lithium plays in Canada's North, lost one-half cent to 4.5 cents on 176,000 shares today. It has been a tough two months, but North Arrow appears committed to its new lithium focus, leaving the company's diamond projects on idle.

The retreat from diamonds can be tracked in North Arrow's end-of-release boilerplate, where a company typically tells the hardiest of readers what it is all "about." Until North Arrow acquired its first lithium project in late January, the company lead its boilerplate by cheering itself as a "Canadian-based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada."

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