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by Will Purcell
The critical and specialty minerals stocks box score was a positive 100-79-131 on Wednesday as the TSX Venture Exchange added 22 points to 979. First Atlantic Nickel & Cobalt Corp. (FAN) was a busy trader, as it added 6.5 cents to 78 cents on 1.31 million hares in silence. There has been nothing new since the company changed its name late last month, adding cobalt.
Steven Cochrane's Lithium Chile Inc. (LITH), a busy lithium explorer in the Lithium Triangle district of northern Chile and Argentina, rose one cent to 67 cents on 288,000 shares. The sale of the company's Arizaro lithium project in northern Argentina is perceived as a good idea, as the company's shareholders approved the move with 96-per-cent support at its annual and special meeting.
Mr. Cochrane, president and chief executive officer, lauded shareholders for their "overwhelming support of the proposed sale," which, he says, "brings us one step closer to completing the transaction." The sale, to China Union Holdings Ltd., is for $175-million (U.S.), so Mr. Cochrane and his backers are understandably eager to finalize remaining closing requirements and bring "a successful conclusion to the pending transaction."
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