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Diamond & Specialty Minerals Summary for March 13, 2023

2023-03-13 20:55 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 75-103-132 as the TSX Venture Exchange fell five points to 637. Ewan Mason's Star Diamond Corp. (DIAM) lost one-half cent to nine cents on 534,000 shares. Mr. Mason, chairman and interim chief executive officer, had a successful appearance last week at the Prospectors and Developers Association of Canada show in Toronto. Star's stock got as high as 10.5 cents briefly as investors oohed and aahed over the company's display of cut and polished diamonds from the FalCon project in central Saskatchewan.

It is now back to business for Mr. Mason -- the priority being the recovery and resurrection of the stalled project from the clutches of Rio Tinto Exploration Canada Inc. (RTEC). RTEC earned a 75-per-cent interest in the project by spending nearly $200-million on exploration, only to have its head office abruptly smother FalCon in mothballs early last summer while it sought a way out of the project.

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