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Diamond & Specialty Minerals Summary for Feb. 15, 2024

2024-02-15 19:18 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a positive 80-70-160 as the TSX Venture Exchange added four points to 552. Brendan Yuk's Electric Royalties Ltd. (ELEC) lost one cent to 25 cents on 3,000 shares. The company is inching ahead with its acquisition of the Ontario Lithium Projects properties (OLP) sprawled across the coincidentally named Electric Avenue and Root Bay areas of Northwestern Ontario, as well as the Georgia Lake district north of Lake Superior.

In November, the company said it had a letter of intent to acquire 126 properties spanning about 400,000 hectares in a broad area both northwest and southeast of the project near Pakeagama Lake, where Frontier Lithium Inc. (FL: $0.54) has two promising deposits, as well as in the Georgia Lake area where Rock Tech Lithium Inc. (RCK: $1.14) is advancing its Georgia Lake deposit, and near Root Lake, where Green Technology Metals has a find of its own.

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