- CEO
- Stephen Shefsky
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 77 Bloor Street West Toronto ON Canada M5S 1M2
- IPO Date
- Feb 14, 2017
- Business
- James Bay Resources Limited (CSE: JBR; OTC: JMBRF) is a Canada-based junior resource company focused on the acquisition and exploration of base and precious metal mineral properties. The company targets mineral assets primarily in Canada, with interests in properties prospective for metals such as gold, silver, copper, and other base and precious metals; it previously pursued oil and gas opportunities in Nigeria's Delta region, including the Ogedeh field in OML 90. James Bay Resources operates through early-stage exploration activities, including property acquisitions, drilling, and geological assessments, serving institutional and retail investors in the mining sector. Founded in 2007 and headquartered in Toronto, Ontario, at 77 Bloor Street West Suite 1200, the company is led by Co-Founder, President, CEO, and Director Stephen Shefsky. In recent developments, James Bay Resources closed a first tranche of a non-brokered private placement of unsecured convertible debentures totaling up to CDN$500,000 in December 2023, with further closings including CDN$127,000 announced in 2024 to support working capital; it also secured a favorable Ontario Superior Court decision in 2023-2024 awarding $405,000 plus costs from a claim against Mak Mera Nigeria Limited related to prior operations. The company maintains a lean structure with key executives including CFO Eric Szustak and Controller Jennifer Ta, and its website is currently under reconstruction signaling potential strategic repositioning.