Silver Bow Mining (NYSE American: SBMT) signed a contract with MES Mining to rehabilitate and modernize the Chief Joseph portal and underground decline in Butte, Montana.
This work will restore safe access to historical workings, support new underground exploration drill platforms on the Rainbow Block, and is fully permitted under Exploration License #00857, Amendment 1. Mobilization is expected before end of May, with rehabilitation starting in June.
Silver Bow Mining (NYSE American: SBMT) leadership will ring The Opening Bell at the New York Stock Exchange on May 8, 2026, marking a milestone after the company began trading on NYSE American on April 30, 2026 following its initial public offering. The ceremony highlights the company’s U.S. listing and efforts to increase visibility while advancing exploration in Butte, Montana.
Silver Bow Mining (NYSE American: SBMT) announced on May 7, 2026 the appointments of Kevin Shiell as Chief Operating Officer and Doug Stiles as Vice President, Regulatory and External Affairs.
Both executives bring decades of Montana mining experience: Shiell in underground operations, planning, MSHA compliance and capital projects; Stiles in environmental permitting, Superfund matters, water rights and community engagement.
Silver Bow Mining (NYSE American: SBMT) has begun surface drilling at its Rainbow Block Project in the Butte Mining District, launching the 2026 exploration program.
The program targets silver, gold, zinc and lead, plans ~25,000 feet of drilling on private lands and adjacent areas, and references an Inferred Mineral Resource of ~170 million silver-equivalent ounces at 14.8 oz/ton (breakdown: 4.28 oz/ton Ag, 0.05 oz/ton Au, 1.25% Pb, 4.59% Zn). Multi-element assays will evaluate several critical minerals. Activities are permitted under Montana Exploration License #00857. Results will be released as available.
Silver Bow Mining (NYSE American: SBMT) closed an upsized initial public offering of 5,200,000 common shares at US$11.50 per share, raising $59,800,000 gross and approximately $54,600,000 net.
The company intends to use proceeds for surface and underground exploration, metallurgical test work, environmental baseline studies, NYSE American listing fees, salaries, professional fees, and general corporate purposes. Underwriters may purchase up to an additional 780,000 shares within 30 days to cover over-allotments.