- Business
- James Bay Resources Limited is a Canadian junior resource company focused on the acquisition, exploration, and development of oil and gas properties, primarily base and precious metal mineral properties, and onshore oil opportunities in the Delta region of Nigeria. The company offers exploration services for mineral properties including base metals and precious metals in Canada; oil and gas acquisition and development targeting near-term production assets such as the Ogedeh field in OML 90, originally discovered by Chevron in 1993, with plans to re-enter and test the Ogedeh-1 well and drill additional prospects; and strategic partnerships with indigenous Nigerian firms to pursue onshore divestitures from international oil companies shifting to offshore operations. Founded in 2007 and headquartered in Toronto, Ontario, James Bay Resources operates principally in Canada and Nigeria, targeting junior exploration markets with an emphasis on value creation through early cash flow from production alongside long-term development potential. Recent developments include the closing of the first tranche of a non-brokered private placement offering in November 2025 to fund working capital; the closing of CDN$127,000 in convertible debentures; a favorable Ontario Superior Court decision in 2024 awarding the company $405,000 plus costs from a claim against Mak Mera Nigeria Limited; and ongoing sourcing of production opportunities amid major oil companies' divestitures in Nigeria.