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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 78-59-173 as the TSX Venture Exchange fell fractionally to 630. With China closing its door to exports of most critical minerals to the United States and other Western nations, the usual Howe Street promoters are touting their projects as potential sources of the needed elements.

One of those fellows is Richard Penn. His Q Precious & Battery Metals Corp. (QMET), down one-half cent to four cents on 195,000 shares today, prattled on and on about its Versant rare earth project in northeastern Quebec. The company staked the property in the fall of 2023 based on a trend of elevated uranium and rare earth elements returned from rock sampling by other companies.

At the time, Mr. Penn, chairman and chief executive officer, was extremely pleased to expand the company's footprint in Quebec by adding uranium to its portfolio of Quebec critical metals projects. He cheered the move as "a great opportunity for further diversification," noting that initial data show that Versant has very good potential for uranium based upon the old work.

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