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The latest update is out from James Bay Minerals Limited ( (AU:JBY) ).
James Bay Minerals Limited has announced its acquisition of the Shafter Silver Project in Presidio County, Texas, a strategic move that enhances its portfolio with a high-grade silver asset. The project, located near the Mexican border and part of the Sierra Madre Belt, includes substantial existing infrastructure valued at $150 million and offers significant exploration potential. This acquisition aligns with the company’s strategy to expand its high-grade mineral assets, complementing its existing Independence Gold project in Nevada. The transaction is supported by a $30 million placement, indicating strong investor confidence.
More about James Bay Minerals Limited
James Bay Minerals Limited is a company operating in the mining industry, primarily focusing on high-grade mineral projects. The company is involved in the acquisition and development of mineral resources, with a market focus on strategic and geologically significant mining opportunities.
Average Trading Volume: 143,615
Technical Sentiment Signal: Strong Buy
Find detailed analytics on JBY stock on TipRanks’ Stock Analysis page.