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James Bay Minerals Limited ( (AU:BKB) ) has issued an update.
Black Bear Minerals has engaged global engineering firm Ausenco to conduct a comprehensive operational restart assessment, including site inspection, dilapidation studies and capital cost estimates, at its Shafter Silver Project in Texas. The work will evaluate the condition of the mill, refinery and mine support systems and generate a preliminary CAPEX estimate for refurbishment and restart, forming the first phase of a staged development plan that could lead to a Scoping Study and eventual restart decision once the existing foreign 17.6Moz silver resource is advanced to JORC compliance. The move comes as silver trades near record highs on the back of structural supply deficits and surging industrial demand from sectors such as energy, defence, semiconductors and electric vehicles, positioning Shafter as a strategically important potential source of U.S. domestic silver supply in a market that is largely import-dependent.
More about James Bay Minerals Limited
Black Bear Minerals Limited is an ASX- and OTCQX-listed mining company focused on developing precious metals assets, with a current strategic emphasis on its recently acquired Shafter Silver Project in Presidio County, Texas. The project is positioned to become a near-term U.S. domestic silver producer, leveraging substantial existing surface and underground infrastructure in a Tier-1 mining jurisdiction and targeting conversion of a significant foreign silver resource estimate under JORC standards.
Average Trading Volume: 1,024,319
Technical Sentiment Signal: Buy
Current Market Cap: A$145.8M
Learn more about BKB stock on TipRanks’ Stock Analysis page.