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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a positive 95-67-148 as the TSX Venture Exchange soared 22 points to 783. Dean Taylor's Diamcor Mining Inc. (DMI), a 50-center in 2021 and a five-center a year ago, was unchanged today at a single cent on 171,000 shares, as the plucky Kelowna-based diamond miner in South Africa that has outlasted most of its rivals drifts closer to insolvency.

Diamcor got a sweetheart deal from De Beers to acquire the Krone-Endora at Venetia alluvial and eluvial diamond deposit during the depths of the Great Recession and has subsequently recovered and sold over 200,000 carats of diamonds for just shy of $39-million (U.S.) -- quite the achievement for a purported trial mining program. (That trial mining has gone on for well over a decade, so it is perhaps fittingly enduring teenaged angst.)

Mr. Taylor, president and chief executive officer, says that Diamcor has been unable to file its annual financial report because it has been unable to complete the required audits and reviews -- and it has been unable to complete the audits and reviews because of the latest corporate challenges. Essentially, Diamcor has been unable to "complete its financing objectives" and "associated financing transactions" -- raise cash and pay bills -- because of the "well-documented industry-wide supply chain disruptions and the resulting uncertainty surrounding the impact of U.S. imposed tariffs."

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