Silver Bow Mining Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $236.2M
- Price
- $8.00
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.74%
- Volume
- 51.7K
About
Silver Bow Mining Corp. (SBMT) specializes in the acquisition, exploration, and development of mineral-rich properties throughout the United States. The company currently operates its flagship Rainbow Block project, which is strategically located near Butte, Montana. This particular site is known for yielding valuable metals such as silver, zinc, gold, and lead. Silver Bow Mining Corp. was established on August 31, 2020, and its corporate headquarters are also situated in Butte, Montana.
Quick stats
Shares outstanding29.5M
Computed float28.5M
Float / shares96.6%
Key info
SectorBasic Materials
IndustryOther Precious Metals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002067674
Websitewww.silverbowmining.com
AI Summary
AI-generated1/16
standardbullishdebt offering
Silver Bow Mining Signs Term Sheet with Ocean Partners for Potential US$88 Million Funding and Credit Support Package and Ten-Year Zinc and Lead Concentrate Offtake Agreements
Silver Bow Mining signed a non-binding term sheet with Ocean Partners for an integrated funding, credit support and offtake package totaling approximately US$88 million.
The package includes a US$40 million concentrate prepayment facility in three tranches, US$43.1 million of reclamation bond guarantees expected to release roughly US$42 million of cash to the company, a US$5 million pre-closing bridge fundable within five business days, and a US$5 million lead commitment in a future equity round. The facility prices at 12-month SOFR plus 6.75% with a 1.0% arrangement fee, repaid via set-off against concentrate deliveries, and the financing ranks junior to future senior project debt.
Ten-year zinc and lead concentrate offtake agreements would cover 100% of Rainbow Block and Montana Tunnels non-M-Pit concentrates plus one-third of M-Pit concentrates, with no minimum tonnages or take-or-pay, and the company retains termination rights that survive a change of control.
Definitive documentation is targeted concurrently with Final Closing of the Jefferson County Metallurgical Complex acquisition, targeted for Q4 2026; management says no short-term equity financing will be needed once the package is in place.
Red flags
- term sheet is non-binding except the pre-closing bridge note and customary provisions; terms remain subject to change
- completion contingent on Complex acquisition Final Closing (Q4 2026 target), Ocean Partners board approval, due diligence, and DEQ acceptance of the guaranteed surety bond
- if Final Closing fails, the US$5 million bridge becomes repayable in cash by the March 31, 2027 long-stop date
- guarantee fees of 3.0% per annum payable in cash, shares or warrants, creating potential dilution
- facility priced at SOFR plus 6.75% — high-cost financing for a pre-production explorer
- guarantee term ends in 60 months, at which point cash collateral may again be required
- concentrate deliveries may be insufficient to repay the facility through set-off, forcing cash repayment