CA Market News
3週前
STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF ANNUAL GENERAL AND SPECIAL MEETINGMay 14, 2026 6:49 PM
PR Newswire (Canada) TSX: DIAMSASKATOON, SK, May 14, 2026 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Corporation") is pleased to announce that all the nominees listed in the amended and restated management proxy circular filed on SEDAR+ on May 8, 2026 were elected as directors of the Corporation at its annual general and special meeting of shareholders held on May 14, 2026 (the "Meeting"). Details of the voting results for the election of directors are set out below: NomineeFor% ForAgainst% AgainstWayne Malouf302,847,79593.914919,622,6086.0851Al Gourley302,849,04593.915319,621,3586.0847Leslie Markow303,007,75293.964519,462,6516.0355Krisztian Toth303,009,09593.964919,461,3086.0351Brendan Moore303,027,73293.970719,442,6716.0293Jean-Claude St Amour302,204,23294.025419,266,1715.9746In addition, shareholders also approved the appointment of MNP LLP as the Corporation's independent auditor and the adoption of the Corporation's stock option plan dated effective May 14, 2026. The complete report of voting results from the Meeting is available on SEDAR+ at http://www.sedarplus.ca.About Star Diamond CorporationStar Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, which includes the Star – Orion South Diamond Project. These properties are located in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development.The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project, located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.SOURCE Star Diamond Corporation Original: STAR DIAMOND CORPORATION ANNOUNCES THE RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING
CA Market News
4週前
STAR DIAMOND CORPORATION ANNOUNCES FIRST QUARTER 2026 RESULTSMay 8, 2026 6:01 PM
PR Newswire (Canada) TSX: DIAMSASKATOON, SK, May 8, 2026 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Company") announces its financial and operating results for the three months ended March 31, 2026. All amounts are in thousands of Canadian dollars, except common share or per share amounts or as otherwise noted. The Company's unaudited interim financial statements for the three months ended March 31, 2026 and related management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca.Operations
The Star – Orion South Diamond Project
As at the date hereof, the Company's material mineral project is the Star – Orion South Diamond Project (the "Project"). Additional information related to the Project, including the revised mineral resource estimate in respect of the Project, can be found in the technical report relating to the Project, bearing an effective date of July 24, 2024, entitled "Technical Report and Revised Resource Estimate for the Star-Orion South Diamond Project, Fort A La Corne Area, Saskatchewan, Canada", prepared by Daniel C. Leroux, M.Sc. P.Geo., Leon McGarry, B.Sc. P.Geo. and Peter J. Ravenscroft, FAusIMM (the "Star Diamond Technical Report"), a copy of which is available on the Company's SEDAR+ profile at www.sedarplus.ca.The Project site is currently under care and maintenance. Star Diamond's technical team will focus on the technical investigation and evaluation of the Project, with the goal of a future development decision. On September 9, 2025, the Company announced the engagement with Misty Clifton and SGS for a pre- feasibility study on the Project (the "PFS"). The PFS will include a revised statement of mineral reserves for the Project, if warranted, and an economic assessment based thereon. The PFS will enable a feasibility study, on which a production decision can be based. As announced in the Company's press release dated March 25, 2026, work to advance the PFS for the Project is ongoing. The timing of the PFS is dependent, among other things, on the Company completing one or more financings and the availability of contractors.Fort à la Corne Project (Orion North, Orion Centre and Taurus)
The Orion North, Orion Centre and Taurus kimberlite clusters form part of the Fort à la Corne Project, located in Saskatchewan, Canada. There were no material developments with respect such clusters during the most recently completed financial year and the Company is currently reviewing the project to determine future technical, economic, permitting, social and environmental work.BH Project
The Buffalo Hills Diamond Project (the "BH Project") is located in north central, Alberta. There were no material developments with respect to the BH Project during the most recently completed financial year and the Company is currently reviewing the BH Project to determine future technical, economic, permitting, social and environmental work.Corporate Developments During 2026
On February 4, 2026, the Company granted 41,000,000 stock options to directors, officers, and employees of the Company. The stock options have an exercise price of $0.05 per share, with 1/3 of the options vesting immediately and 1/3 vesting on each of the first and second anniversaries of the date of grant. The stock options expire on the fifth anniversary of the date of grant.On March 25, 2026, the Company announced the appointment of Brendan F. Moore to the Company's board of directors. Along with the appointment, the Company also granted him 5,000,000 stock options. The stock options have an exercise price of $0.05 per share, with 1/3 of the options vesting immediately and 1/3 vesting on each of the first and second anniversaries of the date of grant. The stock options expire on the fifth anniversary of the date of grant.Quarter End Results
For the three months ended March 31, 2026, the Company recorded a net loss of $1,167 or $0.00 per share (2025 - net loss of $966 or $0.00 per share). The decrease in net loss was primarily due to the following:Administration increased to $633 in 2026 (2025 - $301), mainly due to an increase in the fair value of share-based payments expensed. The fair value of share-based payments varies depending on the vesting of stock options, RSUs and DSUs granted.Consulting and professional fees decreased to $51 in 2026 (2025 - $99) due to reduced legal fees incurred.On March 31, 2026, the Company had $195 (December 31, 2025 - $724) in cash and cash equivalents and a working capital (excess of current assets over current liabilities) of $19 (December 31, 2025 - working capital of $458). The decrease in working capital was a result of net cash used in operating activities.A budget has been prepared for the completion of the PFS of $3,000 which is subject to the completion of a financing.However, the ability of the Company to continue as a going concern and fund its expenses in an orderly manner will require additional forms of financing. There can be no assurance that the Company will succeed in obtaining additional financing, now or in the future. Failure to raise additional financing on a timely basis could cause the Company to suspend its operations and planned activities.Summary of Quarterly Results
202620252024
Qtr 1Qtr 4Qtr 3Qtr 2Qtr 1Qtr 4Qtr 3Qtr 2Revenue ($)-----4918Net loss (1)(2) ($)(1,167)(414)(989)(1,450)(966)(2,108)(1,393)(1,630)Net loss per share (3)(4) ($)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(1)Loss from continuing operations attributable to owners of the parent, in total.(2)Loss attributable to owners of the parent, in total.(3)Basic and diluted.(4)Per share amounts are rounded to the nearest cent, therefore aggregated quarterly amounts may not reconcile to year-to-date per share amounts.Amended Circular
Additionally, the Company has filed an amended and restated information circular (the "Amended Circular") with respect to its annual general and special meeting of shareholders (the "Meeting") to be held on May 14, 2026 to clarify previous disclosure as further described in the Amended Circular. The Amended Circular replaces and supersedes the information circular of the Company dated March 30, 2026 (the "Circular"), and filed on SEDAR+ on March 30, 2026, in respect of the Meeting.Technical Information
All technical information in this news release has been prepared under the supervision of Mark Shimell, Chief Operating Officer, Professional Geoscientist in the Province of Saskatchewan, who is the Company's "Qualified Person" under National Instrument 43- 101 Standards of Disclosure for Mineral Projects.Caution Regarding Forward-looking StatementsThis news release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are often, but not always, identified by the use of words such as "budget", "could", "expect", "will" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this news release include, but are not limited to, statements with respect to: statements relating to the Company's ability to continue as a going concern; the Company's need for and intention to seek additional financing; the PFS, including the incorporation of resource estimates therein and the timing and cost thereof; and the Company's strategy, plans and goals, including related timelines and schedules thereof.These forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the Company's ability to obtain financing and contractors to further the exploration, evaluation and/or development of exploration and evaluation properties in which the Company holds interest, the economic feasibility of any future development projects, developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in the Company's most recently filed Annual Information Form, and annual and interim management's discussion and analysis.Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.Forward-looking statements in this news release are made as of the date hereof and Star Diamond assumes no obligation to update any forward-looking statements, except as required by applicable laws.SOURCE Star Diamond Corporation Original: STAR DIAMOND CORPORATION ANNOUNCES FIRST QUARTER 2026 RESULTS
CA Market News
1月前
STAR DIAMOND CORPORATION ANNOUNCES FINANCING WITH SPIRIT RESOURCES s.a.r.l.April 29, 2026 4:38 PM
PR Newswire (Canada)
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/TSX: DIAMSASKATOON, SK, April 29, 2026 /CNW/ - Star Diamond Corporation (the "Company") (TSX: DIAM) is pleased to announce that it has entered into a convertible loan agreement (the "Loan Agreement") with Spirit Resources s.a.r.l. ("Spirit") to provide funding to the Company by way of an unsecured loan in the principal amount of C$500,000 (the "Loan"). The proceeds of the Loan will be used for working capital and general corporate purposes.The Loan bears interest at a rate of 12% per annum and matures one year after the drawdown date of April 28, 2026 (the "Drawdown Date"), or such other date mutually agreed between the Company and Spirit (the "Maturity Date"). The Loan, together with accrued and unpaid interest thereon (the "Total Obligations") are generally repayable at any time by the Company without penalty. If the Company has not repaid the Total Obligations before the closing of a sale of common shares in the capital of the Company ("Common Shares"), or units including Common Shares, in a single or series of transactions of no less than C$1,000,000 (a "Qualified Financing") prior to the Maturity Date, the Total Obligations will be converted into the securities of the Company issued pursuant to the Qualified Financing ("Qualified Financing Securities") upon closing of the Qualified Financing (the "Conversion"), unless otherwise agreed between the Company and Spirit. The deemed price per Qualified Financing Security issuable upon Conversion will be the lowest price per Qualified Financing Security issued in the Qualified Financing, subject to customary adjustment provisions (the "Conversion Price"). The Conversion is conditional upon receipt of the approval of the Toronto Stock Exchange.Spirit is a Luxembourg-based private investment corporation that is ultimately owned and controlled by Jean-Raymond Boulle. Immediately prior to the execution of the Loan Agreement, Spirit beneficially owned and controlled 194,455,143 Common Shares and 133,333,333 warrants to purchase Common Shares ("Warrants"), representing approximately 25.13% of the issued and outstanding Common Shares on a non-diluted basis and 36.13% on a partially-diluted basis, assuming the exercise of the Warrants.As the Loan is convertible on the basis of the Conversion Price at the time of the Conversion, the actual number and type of Qualified Financing Securities issuable upon Conversion is not yet known. However, assuming the completion of a Qualified Financing of Common Shares at the Company's Common Share price of $0.035 per Common Share for aggregate gross proceeds of C$1,000,000, and Conversion of Total Obligations in the aggregate amount of C$500,000, Spirit will beneficially own and control an aggregate of 208,740,857 Common Shares and 133,333,333 Warrants, representing approximately 25.56% of the then issued and outstanding Common Shares on a non-diluted basis and 36.00% on a partially-diluted basis, assuming the exercise of the Warrants. The Conversion, on the assumptions described above, would result in an increase of Spirit's holdings of Common Shares by approximately 1.71% on a non-diluted basis and a decrease of Spirit's holdings of Common Shares by approximately 0.13% on a partially-diluted basis, assuming the exercise of the Warrants.The Loan constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the Company may issue Qualified Financing Securities to Spirit upon the Conversion. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the Loan, including the Qualified Financing Securities issued upon Conversion, will not exceed 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the transactions contemplated by the Loan Agreement, which the Company deems reasonable in the circumstances in order to complete the transactions contemplated by the Loan Agreement in an expeditious manner.This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.Spirit provided the Loan for investment purposes. Depending on market conditions and other factors, Spirit may from time to time acquire and/or dispose of securities of the Company or continue to hold its current position. A copy of the early warning report required to be filed with the applicable Canadian Securities commissions in connection with the Loan will be available under the Company's SEDAR+ profile at www.sedarplus.ca. Alternatively, to obtain a copy of the early warning report to be filed by Spirit in connection with this press release, please contact: Michael Oke at +44 07834 368299. Spirit's address is 63 rue de Rollingergrund, 2440 Luxembourg.About Star Diamond CorporationThe Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the Toronto Stock Exchange under the trading symbol "DIAM". The Company's most significant asset is its interest in the Fort à la Corne property in central Saskatchewan. These diamondiferous kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development.The Company's address is Suite 702, 224 4th Avenue S., Saskatoon, Saskatchewan, S7K 5M5.CAUTION REGARDING FORWARD-LOOKING INFORMATIONThis press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The use of any of the words "assume", "expect", "intend", "may", "will", "would" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include, but are not limited to: the use of the proceeds of the Loan; the completion of a Qualified Financing, including securities offered thereunder and the price thereof; Spirit's shareholdings in the Company, including its intentions with respect thereto and any changes thereto upon the Conversion; the fair market value of the Loan, including the Qualified Financing Securities issued upon the Conversion; and statements with respect to Spirit's early warning report, including the availability thereof.These forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the receipt of applicable regulatory approvals, including the Toronto Stock Exchange, availability of financing, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings and the additional risks described in the Company's most recently filed Annual Information Form, and annual and interim management's discussion and analysis.Although management of the Company considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to the Company, those assumptions may prove to be incorrect. When making decisions with respect to the Company, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events.The Company does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.SOURCE Star Diamond Corporation
Original: STAR DIAMOND CORPORATION ANNOUNCES FINANCING WITH SPIRIT RESOURCES s.a.r.l.
CA Market News
2月前
STAR DIAMOND CORPORATION ANNOUNCES 2025 YEAR END RESULTSMarch 30, 2026 2:50 PM
PR Newswire (Canada)
TSX: DIAM SASKATOON, SK, March 30, 2026 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Company") announces its financial and operating results for the year ended December 31, 2025. All amounts are in thousands of Canadian dollars, except common share or per share amounts or as otherwise noted.
The Company's annual financial statements for the years ended December 31, 2025 and 2024 and related management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca.Overview
Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (the "FalC Project"), which includes the Star – Orion South Diamond Project (the "Project"). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development.The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project (the "BH Project") located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.Operations
The Project
As at the date hereof, the Company's material mineral project is the Project. Additional information related to the Project, including the revised mineral resource estimate in respect of the Project, can be found in the technical report, relating to the Project, bearing an effective date of July 24, 2024 entitled "Technical Report and Revised Resource Estimate for the Star-Orion South Diamond Project, Fort A La Corne Area, Saskatchewan, Canada", prepared by Daniel C. Leroux, M.Sc. P.Geo., Leon McGarry, B.Sc. P.Geo. and Peter J. Ravenscroft, FAusIMM (the "Star Diamond Technical Report") is available on the Company's SEDAR+ profile at www.sedarplus.ca.The Project is currently under care and maintenance. Star Diamond's technical team will focus on the technical investigation and evaluation of the Project, with the goal of a future development decision.The Company expects that the revised mineral resources estimate contained in the Star Diamond Technical Report will be incorporated into a re-optimized open pit mine plan for the Project, which will include a re-evaluation of mineral reserves and an economic assessment based thereon. On September 9, 2025, the Company announced the engagement with Misty Clifton and SGS for pre-feasibility study on the Project (the "PFS"). The PFS will include a revised statement of mineral reserves for the Project, if warranted, and an economic assessment based thereon. The PFS will enable a feasibility study, on which a production decision can be based.As announced in the Company's press release dated March 25, 2026, work to advance the PFS for the Project is ongoing. The timing of the PFS is dependent, among other things, on the Company completing one or more financings and availability of contractors.HighlightsThe revised mineral resource estimate contained in the Star Diamond Technical Report for the Star and Orion South kimberlites has integrated Star 2019 Trench Cutter diamond data, adding improvement to the diamond size frequency curves for both kimberlites.The mitigation of risk in the Orion South diamond price estimate: the 2018 preliminary economic assessment demonstrated that it is economically efficient to mine the Orion South kimberlite first. However, Orion South has a significantly smaller evaluation diamond parcel than Star, adding some risk to the diamond price estimate for Orion South. We believe there is an opportunity to mitigate the risk in the Orion South diamond price estimate, without the necessity of additional bulk sampling to obtain a larger diamond evaluation parcel.A budget has been prepared for the completion of the PFS of $3,000.FalC Project (Orion North, Orion Centre and Taurus)
The Orion North, Orion Centre and Taurus kimberlite clusters form part of the FalC Project, located in Saskatchewan, Canada. There were no material developments with respect such clusters during the most recently completed financial year and the Company is currently reviewing the project to determine future technical, economic, permitting, social and environmental work.BH Project
The BH Project is located north central, Alberta. There were no material developments with respect to the BH Project during the most recently completed financial year and the Company is currently reviewing the BH Project to determine future technical, economic, permitting, social and environmental work.Corporate Developments during 2025
On November 20, 2025, the Company appointed new members of the Company's leadership team.Ewan Mason retired as the Company's Chair, President and CEO.Lisa Riley and Larry Philips also resigned as directors of the Company.Wayne Malouf was appointed the Chairman.Krisztian Toth was appointed a director of the Company.Leslie Markow was appointed a director of the Company.Lester Kemp was appointed as interim CEO.Mark Shimell, formerly the Company's Vice President Exploration, was appointed Chief Operating Officer.Year End Results
For the year ended December 31, 2025, the Company recorded a net loss of $3,819 or $0.01 per share (2024 – net loss of $6,017 or $0.01 per share). The decrease in net loss was primarily due to the following:Administration decreased to $1,096 in 2025 (2024 - $1,533) due to reduction in certain salaries and benefits and management fees.Corporate development decreased to $180 in 2025 (2024 - $367), reflecting a reduction in marketing activities and publications issued in 2025.Exploration and evaluation expenditures decreased to $2,065 in 2025 (2024 - $2,548). Exploration and evaluation expenditures incurred during 2025 were primarily due to security and maintenance, continued diamond analyses, and test work for the FALC Project.Loss on investment in Wescan Goldfields Inc. decreased to $nil in 2025 (2024 – loss of $145).Impairment charge decreased to $nil in 2025 (2024 - $950) as the Company impaired its Buffalo Hills Diamond Project in 2024.On December 31, 2025, the Company had $724 (December 31, 2024 - $164) in cash and cash equivalents and a working capital (excess of current assets over current liabilities) of $458 (2024 – working capital deficit of $1,017). The increase in working capital was a result of proceeds received from convertible debentures, the Company's private placement with Spirit Resources s.a.r.l. of units for gross proceeds of $4,000 and sale of shares in Wescan Goldfields Inc., offset by net cash used in operating activities.Selected Financial Highlights:
Selected financial information about the Company for each of the last three years is summarized as follows:
2025$2024$2023$Net loss (1)(2)(3,819)(6,017)(2,823)Net loss per share (3)(0.01)(0.01)(0.01)Current assets 1,100220606Total assets 13,35414,3871,161Current liabilities 6421,237859Total non-current liabilities 7,3177,944121Working capital (deficit) (4)458(1,017)(253)(1)Loss from continuing operations attributable to owners of the parent, in total.(2)Loss attributable to owners of the parent, in total.(3)Basic and diluted.(4)Current assets, less current liabilities.(5)Increase in total assets due to the Company acquisition of a 75% interest in the FalC Project in March 2024.Summary of Quarterly Results
20252024
Qtr 4Qtr 3Qtr 2Qtr 1Qtr 4Qtr 3Qtr 2Qtr 1Revenue ($)----49186Net loss (1)(2) ($)(414)(989)(1,450)(966)(2,108)(1,393)(1,630)(886)Net loss per share (3)(4) ($)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(1)Loss from continuing operations attributable to owners of the parent, in total.(2)Loss attributable to owners of the parent, in total.(3)Basic and diluted.(4)Per share amounts are rounded to the nearest cent, therefore aggregated quarterly amounts may not reconcile to year-to-date per share amounts.Technical InformationAll technical information in this news release has been prepared under the supervision of Mark Shimell, Chief Operating Officer, Professional Geoscientist in the Province of Saskatchewan, who is the Company's "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.Caution Regarding Forward-looking StatementsThis press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are often, but not always, identified by the use of words such as "believe", "budget", "estimate", "expect", "focus", "ongoing", "plan", "may", "will" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this press release include, but are not limited to, statements with respect to: incorporation of revised mineral resources estimate into a re-optimized open pit mine plan for the Project; the PFS, including the incorporation of resource estimates therein and the timing and cost thereof; the opportunity to mitigate the risk in the Orion South diamond price estimate; and the Company's strategy, plans and goals, including related timelines and schedules thereof.These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to Star Diamond and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the Company's ability to obtain financing and contractors to further the exploration, evaluation and/or development of exploration and evaluation properties in which the Company holds interest, the economic feasibility of any future development projects, developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in Star Diamond's most recently filed Annual Information Form, and annual and interim management's discussion and analysis.Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.Forward-looking statements in this news release are made as of the date hereof and Star Diamond assumes no obligation to update any forward-looking statements, except as required by applicable laws.SOURCE Star Diamond Corporation
Original: STAR DIAMOND CORPORATION ANNOUNCES 2025 YEAR END RESULTS
CA Market News
2月前
STAR DIAMOND CORPORATION ANNOUNCES APPOINTMENT OF BRENDAN F. MOORE AND PRE-FEASIBILITY STUDY UPDATEMarch 25, 2026 8:33 PM
PR Newswire (Canada)
TSX: DIAMSASKATOON, SK, March 25, 2026 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Company") – The Company is pleased to announce the immediate appointment of Brendan F. Moore to the Company's board of directors (the "Board").
Brendan F. Moore is a seasoned global executive with over 30 years of international leadership experience across North America, Europe, Latin America, and Asia-Pacific. He most recently served as President of Ryan International, where he held full multi-region P&L accountability and led cross-border M&A, enterprise transformation, and governance alignment initiatives.Mr. Moore brings deep expertise in global capital allocation, enterprise risk management, regulatory strategy, and long-term value creation, complemented by a strong entrepreneurial track record. He is the Founder & CEO of Brendan Moore & Associates Ltd., where he led the transformation of strategic tax governance and optimization programs for Fortune 500 enterprises, and previously served as Vice President at Robert Brakel & Associates Ltd.Welcoming Brendan to the Board, Wayne Malouf, Chairman, commented: "Brendan offers a seasoned board-level perspective grounded in governance excellence, performance optimization, and sustainable value creation. His experience and insight will be a tremendous asset to our organization, and we very much look forward to working with him."Brendan expressed his enthusiasm for joining the Board, stating: "I am honoured to join the Board and look forward to contributing to the organization's mission and long-term success."Further to the Company's press release dated September 9, 2025, work to advance the forthcoming preliminary feasibility study for the Star - Orion South Diamond Project is ongoing (the "PFS"). The timing of the PFS is dependent, among other things, on the Company completing one or more financings and availability of contractors.About Star Diamond Corporation
The Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the Toronto Stock Exchange under the trading symbol "DIAM". The Company's most significant asset is its interest in the Fort à la Corne property in central Saskatchewan. These diamondiferous kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development.Caution Regarding Forward-looking StatementsThis press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. The use of any of the words "forthcoming", "ongoing", "will" and similar expressions are intended to identify "forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements with respect to the PFS, including the timing thereof.These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to Star Diamond and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the Company's ability to obtain financing and contractors to further the exploration, evaluation and/or development of exploration and evaluation properties in which the Company holds interest, the economic feasibility of any future development projects, developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in Star Diamond's most recently filed Annual Information Form, and annual and interim management's discussion and analysis.Although management of the Company considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to the Company, those assumptions may prove to be incorrect. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.Forward-looking statements in this news release are made as of the date hereof and Star Diamond assumes no obligation to update any forward- looking statements, except as required by applicable laws.SOURCE Star Diamond Corporation
Original: STAR DIAMOND CORPORATION ANNOUNCES APPOINTMENT OF BRENDAN F. MOORE AND PRE-FEASIBILITY STUDY UPDATE
ernie44
3年前
some history of Uranium, and Diamond properties held by insiders in Saskatchewan (Indigenous area subject to reconciliation ))from my files
My Fellow Americans and Global Investment Community.******** Democratic Gov't then and present 2023..
********see also the CMKX Bullboard on i-hub
The case of the greatest "counterfeit shares." fraud in the UNITED STATES is in my opinion CMKX.
CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD" Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull stock certifcates out of brokerages out of street name and into Investors name to safely hold in their possesion. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"
I Hope the the SEC did not create a regulational rule during this period the above action was commited to absolve them from liability of cmkx "counterfeit shares." from this compnay or anyother company that used this tactic to steal from all markets. This naked shorting fraud rule be passed without a second to lose.
Naked shorts in the United States: "counterfeit shares."
Naked short selling is a case of short selling the shares without first arranging a borrow. The Securities Exchange Act of 1934 stipulates a settlement period up to three business days before a stock needs to be delivered, generally referred to as "T+3 delivery".
If the stock is illiquid or simply has a small number of outstanding shares, finding the borrow can be difficult to arrange. In these cases the trader normally arranges for the borrow before making the trade, to ensure delivery. In the case when a borrow cannot be arranged within that time period and the shares cannot be given to the buyer, the trade is considered to have "failed to deliver". The SEC states that "Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules," and clarifies that in some circumstances, it can contribute to market liquidity.
Naked shorting to drive down share prices violates US law. In recent years, a number of companies have been accused of using naked shorts in order to make profits at the expense of share prices. To do this, the trader simply enters a naked short with no intention of ever delivering the shares. A large enough short sale could cause the price to fall, as is the case with any stock being sold, so as long as the trade is large enough to move the share price, the short is likely to be profitable. Normally this would be risky if the price did move back up for other reasons, the trader would be driving the price up with every purchase, a condition known as a "short squeeze". But as long as the buyer turns around and shorts it back into the market, the price continues dropping, making the trades profitable even though no one actually holds any of the shares.
"Legal" naked shorting would normally be invisible in a liquid market, as long as the short sell is eventually delivered to the buyer. However, if the covers are impossible to find, the trades fail. A sudden rise in number of fail reports will alert the SEC that something irregular is going on. In some recent cases, it was claimed that the daily activity was larger than all of the available shares, which would normally be unlikely.
The North American Securities Administrators Association (NASAA) held a conference on naked short selling in November 2005. An official of the New York Stock Exchange stated that NYSE had found no evidence of widespread naked short selling, and alleged "fear mongering that there's this rampant naked shorting that's gone unregulated." Cameron Funkhouser, NASD senior vice president of market regulations, noted that although companies have alleged stock manipulation through the Berlin stock exchange, the NASD has seen not one instance of naked short selling on the Berlin stock exchange". Ralph Lambiase, head of the Connecticut Securities Agency and the NASAA, declared his disappointment at how the industry was handling the issue as a whole.
A report issued in early 2006 found no evidence of naked short selling in US markets, despite allegations from many companies. The SEC's short selling FAQ also cites common misconceptions about the practice, such as the belief that naked shorting causes "phantom" shares to enter the market, as one source of confusion over the practice's market effect. Naked short selling, the SEC said, would not increase a company's shares outstanding shares nor result in "counterfeit shares."
Statistics on failures to deliver securities are sometimes used as evidence of naked short selling in specific stocks. However, the U.S. Securities and Exchange Commission stated in January 2008 that "fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or 'naked' short selling."
Current legal naked shorting rules allow brokerages to make large profits doing "bona-fide market making" while stock markets are falling. The market maker exemption to the rules governing the practice is intended to allow market makers to naked short sell on a very temporary basis, in order to increase liquidity and stabilize markets.
However, Robert J. Shapiro, former undersecretary of commerce for economic affairs, has claimed that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground.
The Depository Trust and Clearing Corporation has been criticized for its approach to naked short selling. DTCC has been sued with regard to its alleged participation in naked short selling, and the issue of DTCC's possible involvement has been taken up by Senator Robert Bennett and discussed by the NASAA and in articles -- disagreed with by DTCC -- in the Wall Street Journal and Euromoney Magazine.
While there is no dispute that illegal naked shorting happens, there is a fight as to the extent to which DTCC is responsible. Some blame DTCC as the keeper of the system where it happens, and say DTCC turns a blind eye to the problem. DTCC says naked shorting is not widespread enough to be a major concern. "We're not saying there is no problem, but to suggest the sky is falling might be a bit overdone," DTCC's chief spokesman Stuart Goldstein said. DTCC General Counsel Larry Thompson calls the claims "pure invention." The SEC, however, views naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. And in July 2007, Senator Bennett suggested on the U.S. Senate floor that the allegations involving DTCC and naked short selling are "serious enough" that there should be a hearing on them with DTCC officials by the Senate Banking Committee. The committee's Chairman, Senator Christopher Dodd, indicated he was willing to hold such a hearing. The North American Securities Administrators Association, representing state stock regulators, filed a brief saying that if the claims were correct, its shareholders "have been the victims of fraud and manipulation at the hands of the very entities that should be serving their interest."
Critics also contend DTCC has been too secretive with information about where naked shorting is taking place. In 2007, WayPoint Biomedical sued DTCC for DTCC's refusal to comply with a subpoena request for documents Waypoint needs to track trades in the company's shares. Ten suits concerning naked short-selling filed against the DTCC were withdrawn or dismissed by May 2005.
A suit by Electronic Trading Group, naming major Wall Street brokerages, was filed in April 2006 and dismissed in December 2007.
Two separate lawsuits, filed in 2006 and 2007 by NovaStar Financial, Inc. shareholders and Overstock.com, named as defendants ten Wall Street prime brokers. They claimed a scheme to manipulate the companies' stock by allowing naked short selling. A motion to dismiss the Overstock suit was denied in July 2007.
Why has everyone tried to COVER UP NAKED SHORTING, is it because all the W