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Diamond & Specialty Minerals Summary for Sept. 10, 2025

2025-09-10 17:36 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a positive 84-65-161 as the TSX Venture Exchange rose six points to 867. "Tell us it's dead money for two years without telling us it's dead money for two years," grumped one Internet wag, noting that Jean-Raymond Boulle's Star Diamond Corp. (DIAM) expects to complete its prefeasibility study of the Star-Orion South project at Fort a la Corne in central Saskatchewan late in 2026. Star has hired two engineering and consulting companies to complete the study, but its stock has been stuck like glue near the four-cent mark of late. Star rose one-half cent to 4.5 cents on 203,000 shares today.

The grumpiness aside, the schedule backs up earlier comments from Star Diamond's soon-to-retire chairman and chief executive officer, Ewan Mason. He initially said the study would be a two-year effort and would cost between $3-million and $6-million, but as the days of waiting to find the cash dragged into months and then years, the time to complete the study slowly shrank, as did its presumed cost. Now, with the work getting under way, the study could be in hand within 15 months and at the low end of the original cost.

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