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by Will Purcell

The critical and specialty minerals stocks box score on Friday was a woeful 41-151-118 as the TSX Venture Exchange slid 57 points to 1,051. Still, there were a hardy few bucking the trend. Mkango Resources Ltd. (MKA), a Malawian rare earth hunter, was one, as it added seven cents to $1.12 on 320,000 shares in silence.

Francis MacDonald's Li-FT Power Ltd. (LIFT) slumped 98 cents to $7.97 on 153,000 shares Thursday on word that it has sold nearly 3.88 million flow-through shares at $6.88 and just over 2.21 million regular shares at $4.30, raising a total of $36.17-million on a subscription receipts basis. Concurrently, the company sold another 775,000 flow-through shares at $6.45 and 1.63 million regular shares at $4.30, raising a further $12-million. The $48.1-million total includes the full $6.5-million greenshoe option granted the underwriters -- and little wonder given the discount.

The flow-through cash is for exploration on the Adina-Galinee lithium project in the James Bay district of Quebec, once all the acquiring is complete, and on the Yellowknife lithium project, east of Yellowknife in the Northwest Territories. (Li-FT is acquiring a 50-per-cent interest in Galinee from Azimut Exploration Inc. (AZM: $0.91) and a 25-per-cent stake from Soquem Inc., which would give it 75 per cent of that project. As well, Li-FT is acquiring Australia-based Winsome Resources Ltd., which owns the adjoining Adina project.)

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