James Bay Minerals begins trading on ASX
James Bay Minerals (ASX:JBY) began trading on the ASX today following a highly successful $6m initial public offering (IPO).
The Perth-based lithium explorer has secured an extensive and highly strategic ground position in the heart of the La Grande Greenstone Belt in Quebec, Canada. Following several world-class lithium-pegmatite discoveries, this belt has risen to prominence in recent times.
James Bay Minerals has plans in place to begin exploration immediately with exploration programs scheduled to begin in parallel with expanding its in-country exploration and administration teams.
Work includes lidar surveys, aerial imagery acquisition, geochemical and geophysical surveys, field mapping and rock chip and channel sampling.
Pending results from the 2023 field program, initial drill programs are set to begin in early 2024.
The leadership team comprises of executive director Andrew Dornan, non-executive chairman Gerard O’Donovan and non-executive directors Judy Baker and Dean Ercegovic.
Executive director Andrew Dornan commented on the IPO and future works.
“We are very much looking forward to unlocking the potential of our portfolio with focused, systematic and aggressive exploration programs that are planned to commence in the coming weeks,” he said.
“We are starting our life as a Canadian-focused lithium explorer against the backdrop of unprecedented activity within the global lithium sector.
“Recent major news emanating from the James Bay district vindicates our strategy to focus on the James Bay area as the next major global frontier for hard rock lithium discoveries of scale.”
 began trading on the ASX today following a highly successful $6m initial public offering (IPO).){kind=link}