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by Will Purcell

The critical and specialty minerals box score for Tuesday was a ho-hum 71-85-154 as the TSX Venture Exchange added 10 points to 891. Lucara Diamond Corp. (LUC) was a busy trader, adding three-quarters of a cent to 17 cents on 1.52 million shares, as it beavers away on completing its underground expansion at Karowe, in Botswana. Lucara, which bottomed at 14 cents in mid-June, has been a busy trader since late May.

Kurt Budge's Leading Edge Materials Corp. (LEM) was unchanged at 28.5 cents on 195,000 shares. The company is offering 24 million shares at 25 cents apiece, seeking $6-million to advance its projects in Sweden and Romania, as well as for general working capital and other corporate purposes. In particular, Leading Edge cheers, the cash will support a prefeasibility study of the Norra Karr heavy rare earth elements project in Sweden now that it has received a 25-year mining lease.

In addition to the prefeasibility work at Norra Karr, Leading Edge says that some cash will support environmental permitting of the project. As well, some will go to "studies related to a possible restart of the Woxna graphite mine and processing plant." (Note the waffle: The company pushed Woxna to production a decade ago, only to put it in hibernation while the ribbon cutters were still fondling their scissors.) Finally, Leading Edge says that it "continues to seek alternative capital for its Romanian exploration activities, with work now focused on further defining polymetallic targets."

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