James Bay Minerals Successfully Secures AU$6 million Through Placement

James Bay Minerals (ASX: JBY) announced that it has secured firm commitments from institutional and sophisticated investors to raise AU$6 million through the issue of 9,230,770 fully paid ordinary shares at an issue price of AU$0.65 per share. The overwhelming support for this placement highlights strong market confidence in the Company’s strategy and the potential of the Independence Gold Project.

With funding now in place, James Bay Minerals is well-positioned to accelerate exploration activities at its Battle Mountain site in Nevada. This capital raise will enable the Company to fast-track drilling and development at the project, advancing one of North America’s most promising gold assets. The funds will unlock significant shareholder value, supporting the Company’s growth and development in this highly prospective region.

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