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by Will Purcell
The critical and specialty minerals stocks box score was a positive 92-66-162 on Wednesday as the TSX Venture Exchange added 20 points to 814. Ucore Rare Metals Inc. (UCU) had a tough day, dropping 36 cents to $2.08 on 2.18 million shares. The company has been touting plans for a rare earth mine in Alaska and a rare earth refinery in Louisiana for years, but there was nothing new on either front this week.
Graham Harris's Surge Battery Metals Inc. (NILI) was unchanged at 58 cents on 297,000 shares. Surge intends to change its name to Lithium X2 Mining Inc., a move that it cheers "reflects the company's continued evolution and strategic focus on advancing its flagship Nevada North lithium project in [northeastern] Nevada toward development and potential commercial production." There was no indication today of how the proposed moniker better reflects the company's evolution and focus.
Mind you, Mr. Harris, chairman, did give the explanation the old college try. The proposed name change, he blathered, "reflects the transformation of the company and [its] focus on developing a significant domestic lithium resource," adding that with the continued advancement of the Nevada North project, "we believe the new name better represents our long-term vision and the opportunity ahead."
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Mr. Paes-Braga has indeed been extremely busy in the markets, but how many of those he's been involved with have had the success of Lithium X Energy?
Paes-Braga Brian Alexander
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