This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score was a positive 90-78-142 Monday as the TSX Venture Exchange rose four points to 725. Patrick Power and Buddy Doyle's Arctic Star Exploration Corp. (ADD) lost one cent to one-half cent on 157,000 shares. The company is labouring under a management cease trade order as its auditors beaver away on its tardy 2024 financials, but despite today's slide to the basement, there are hints of activity from the Timantti diamond project in Finland for the first time in years.

Mr. Doyle, who was promoted from vice-president of exploration to executive chairman a month ago as a reward for 20 years of dogged service to Mr. Power, the company's founder and chief executive officer, said that the company had completed the landowner payments necessary to keep its ownership of the Timantti project in good standing. Arctic Star acquired the project in 2017 and was busy there for a few years, but COVID-19 travel restrictions prevented work for a year or two -- and when the restrictions were lifted, the company's bankers triggered a financial lockdown.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS