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The latest update is out from James Bay Minerals Limited ( (AU:BKB) ).
Black Bear Minerals reported a landmark December quarter marked by completion of its 100% acquisition of the high-grade Shafter Silver Project in Texas, where recent reconnaissance and grab sampling returned very high silver and base metal grades from areas outside the existing foreign mineral resource estimate and from historic waste stockpiles. At its Independence Gold Project in Nevada, metallurgical testwork demonstrated gold recoveries of up to 95.9% from the existing skarn resource, while reverse circulation drilling at South Hill extended near-surface gold-silver mineralisation, supporting ongoing studies aimed at upgrading resources and assessing development options; corporately, the company strengthened its balance sheet with a A$30 million placement, rebranded to Black Bear Minerals Limited with new ASX code BKB, and began trading on the U.S. OTCQX market, enhancing its profile among North American investors and reinforcing its strategic positioning in U.S. critical mineral supply.
More about James Bay Minerals Limited
Black Bear Minerals Limited is an ASX- and OTCQX-listed resources company focused on developing high-grade silver and gold projects in North America. Its key assets include the Shafter Silver Project in Texas and the Independence Gold Project in Nevada, positioning the company within the critical minerals and precious metals space, with a strategic emphasis on supplying U.S. domestic markets.
Average Trading Volume: 1,096,153
Technical Sentiment Signal: Buy
Current Market Cap: A$157.4M
For a thorough assessment of BKB stock, go to TipRanks’ Stock Analysis page.