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by Will Purcell
The critical and specialty minerals stocks box score for Thursday was a mediocre 82-104-124 as the TSX Venture
Exchange added two points to 1,039. Focus Graphite Inc. (FMS) has been quiet since mid-December but it was a busy trader today, adding 3.5 cents to 48 cents on 2.97 million shares. The company's focus is the Lac Knife project in Quebec, which has cleared feasibility, although it is also working the Lac Tetepisca graphite project, also in Quebec.
Hendrik van Alphen's Wealth Minerals Ltd. (WML) jumped two cents to 10.5 cents on 2.26 million shares Wednesday on word that it has received a development permit -- or as the company hyperventilates the news -- the Chilean government has "issued an official resolution regarding the application acceptance for a special lithium operating contract" covering the Kuska lithium project in the Antofagasta region of Chile.
There are apparently still some i's to be dotted and t's to be crossed, but Mr. van Alphen, chief executive officer, is already in full cheerleading garb: "The team at Wealth Minerals has worked long and hard for this moment and our perseverance has paid off," he enthused, gushing that "the significance of this news cannot be overstated" -- although he was sure to give it the old college try. The operating contract "means the door to Kuska project development is now open," Mr. van Alphen applauded -- "a project that has a billion-dollar value, as per our studies done, announced and filed in 2024."
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