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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a mediocre 64-68-178 as the TSX Venture Exchange rose eight points to 667. Pat Ryan's Ucore Rare Metals Inc. (UCU) rose three cents to $1.56 on 1.02 million shares Wednesday on word that its previous $4-million (U.S.) financial arrangement with the United States government has been expanded to $22.4-million (U.S.). The extra cash is intended to prod the company along with its planned rare earth facility in Louisiana and perhaps its deposit at Bokan-Dotson Ridge in southeastern Alaska.

Mr. Ryan, chairman and chief executive officer, gushed that his company's business model is founded on "collaboration with an array of like-minded upstream and downstream commercial and governmental partners." If that is not enough jargon for you, it is also founded on "the implementation of the next logical leap in commercial critical metals separation technology resulting from Western innovation," he added. Naturally, Mr. Ryan is "very appreciative" to the Pentagon crew for the opportunity -- and "potential future opportunities" -- to generate rare earth production in the United States.

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