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Diamond & Specialty Minerals Summary for Feb. 2, 2023

2023-02-02 20:57 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 93-91-126 as the TSX Venture Exchange rose fractionally to 630. Ewan Mason's Star Diamond Corp. (DIAM) closed unchanged at 9.5 cents on 179,000 shares. The company is ramping up its promotion of the FalCon diamond project in Saskatchewan for the first time in years, but its stock price has yet to take off -- probably because the market is still mourning the looming departure of Rio Tinto from the joint venture. Not to worry, Mr. Mason and his crew expect Star to twinkle anew this year.

Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR) rose one cent to 8.5 cents on 649,000 shares. North Arrow's stock, if not its focus, abruptly reversed direction earlier this week. The four-center got as high as 10.5 cents on Tuesday -- but gave three of them back Wednesday -- on word it has acquired the DeStaffany lithium property, near the Nechalacho rare earth project, near the north shore of Great Slave Lake, about 115 kilometres east of Yellowknife.

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