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Diamond & Specialty Minerals Summary for Feb. 10, 2025

2025-02-10 17:19 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a positive 85-67-158 as the TSX Venture Exchange fell one point to 613. Ewan Mason and George Read's Star Diamond Corp. (DIAM) continues to percolate in the market, although its stock has plateaued near the four-cent mark since late January. Today it closed unchanged at four cents on 1.75 million shares. Investors await word about financing -- a small $500,000 debt financing to keep its lights on and a larger cash injection of several million dollars to support a prefeasibility study of its Fort a la Corne project in central Saskatchewan.

Ross Carroll and Christopher Grove's Commerce Resources Corp. (CCE) jumped 2.5 cents to 9.5 cents on 2.9 million shares Friday on word it has been approved to receive $2.61-million from an infrastructure fund administered by Natural Resources Canada. The payment is conditional, subject to further due diligence checks and the execution of a firm agreement, but both sides were already cheering the arrangement.

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