James Bay Resources Limited Announces Extension of Price Protection

• On 8 Apr 2026 the Canadian Securities Exchange granted James Bay Resources an extension of price protection for its non‑brokered private placement (up to 17.5 million shares at C$0.02).
• The company reports that, to date, it has closed on $182,500 from issuance of 11.625 million shares across the first and second tranches.
• A prior press release misstated the second‑tranche proceeds; the corrected figure is $107,500 for 5.375 million shares (instead of $157,000/7.875 million).
• All issued shares remain subject to a four‑month plus one‑day regulatory hold period.
• Net proceeds are earmarked for working capital.

• Scope: The news is a financing update and correction; it does not introduce new projects, assets, or revenue streams.
• Expectation vs. reality: The extension of price protection was announced in Oct 2025 and reaffirmed in Jan 2026, so the continuation is anticipated. The corrected tranche amount merely clarifies prior reporting – no material change to cash on hand.
• Cash impact: Total gross proceeds now stand at $182,500 (vs. $232,000 previously reported). This modest infusion is insufficient to materially shift the balance sheet of a junior miner but does cover short‑term working‑capital needs.
• Market reaction potential: Given the penny‑stock price range ($0.01–$0.03) and low float, any financing news can cause brief volatility, yet the correction dampens upside expectations. Overall impact is routine and mildly positive because it confirms continued access to capital without diluting shareholders beyond what was already disclosed.

James Bay Resources Limited (CSE: JBR) is a junior mining exploration company focused on early‑stage projects in Canada. No specific flagship asset details are provided in the supplied documents; the firm’s primary activity appears to be securing financing for ongoing work‑capital needs while pursuing litigation funding related to U.S. claims.