James Bay Minerals' ASX query response

James Bay Minerals (ASX:JBY) has addressed an ASX query regarding a recent increase in its share price. The company attributes this rise to its announcement of acquiring the Independence Gold Project in Nevada and the rising prices of gold and silver. They confirmed compliance with ASX Listing Rules and stated there is no undisclosed material information.

James Bay Minerals' strategic developments

James Bay Minerals responded to an ASX price query citing the recent acquisition of the Independence Gold Project in Nevada and increased gold and silver prices as reasons for their share price rise. The company assured adherence to ASX Listing Rules, particularly the continuous disclosure obligations. With all assay results received for their La Grande Project in Canada, the company is positioned for strategic growth. The acquisition signals potential expansion, and the fluctuation in precious metal prices may influence future investor interest. James Bay Minerals remains committed to transparency and regulatory compliance.

Insights from James Bay Minerals

James Bay Minerals was not aware of any undisclosed information that could explain the trading activity. The company attributes the share price increase to the announcement on October 14, 2024, regarding the acquisition of the Independence Gold Project and the concurrent rise in gold and silver prices.