SILVER BOW MINING CORP. (SBMT) reported that Chief Executive Officer and director Charles Travis Naugle received equity awards. He was granted 150,000 stock options to buy Common Shares at $8.86 per share, expiring on August 26, 2031, vesting one-third on each anniversary of the grant date, subject to continued service. He also received 3,611 Restricted Stock Units that convert into Common Shares upon a change in control, a sale of a majority of assets, or his departure from the Board. Following these awards, he holds 113,611 Common Shares directly and 43,799 Common Shares indirectly through a 401(k) plan, plus the new option grant.
SILVER BOW MINING CORP. (SBMT) director Hennigh Quinton Todd reported an acquisition of 2,821 Common Shares in the form of Restricted Stock Units (RSUs) on 2026-08-26 at a stated price of $0.00 per share. All of these RSUs will vest and convert into Common Shares upon the earliest of a change in control of the company, a sale of a majority of its assets, or the director’s departure from the Board. Following this award, the director holds 218,668 Common Shares directly.
SILVER BOW MINING CORP. (SBMT) reported an equity compensation grant to its Chief Operating Officer, Kevin G. Shiell. He received 20,000 stock options to buy common shares at an exercise price of $8.86 per share. These options expire on August 26, 2031 and are held as a direct ownership position.
According to the vesting terms, the options vest in three equal installments: one-third on the first anniversary of the grant date, and one-third on each of the next two anniversaries, contingent on continued service. After this grant, Shiell holds 20,000 stock options of this award series.
SILVER BOW MINING CORP. (SBMT) reported that director David Daisel McMullin received equity-based compensation on 2026-08-26. He was granted 110,000 stock options to buy Common Shares at an exercise price of $8.86 per share, expiring on 2031-08-26, vesting one-third on each anniversary of the grant date subject to continued service. He also acquired 2,821 Restricted Stock Units, which will vest and convert into Common Shares upon the earliest of a change in control, a sale of a majority of assets, or his departure from the Board. Following these awards, he directly owns 135,011 Common Shares.
SILVER BOW MINING CORP. (SBMT) reported that President Douglas Avery Stiles received a grant of 50,000 stock options on 2026-08-26. The options have an exercise price of $8.86 per share, expire on 2031-08-26, and relate to 50,000 underlying common shares. According to the vesting terms, one-third vests on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service.
For SILVER BOW MINING CORP. (SBMT), director Andrew Richard Holloway reported acquiring equity compensation on August 26, 2026. He received 30,000 stock options to buy Common Shares at $8.86 per share expiring August 26, 2031, vesting in three equal annual installments subject to continued service. He also acquired 2,821 Restricted Stock Units, which will vest and convert into Common Shares upon the earliest of a change in control of the company, a sale of a majority of its assets, or his departure from the Board, bringing his directly owned Common Shares to 28,617.
SILVER BOW MINING CORP. (SBMT) director Steven Douglas Durbin Jr reported equity awards and updated holdings. He received 110,000 stock options to buy common shares at $8.86 per share, vesting one-third on each of the first three anniversaries of the August 26, 2026 grant date, expiring in 2031. He also received 3,611 Restricted Stock Units, which will fully vest and convert into common shares upon the earliest of a change in control, a sale of a majority of the company’s assets, or his departure from the board. Following these awards he directly holds 392,222 common shares, and an additional 845,353 common shares are held indirectly through Quail Bend Mineral Partners LLC, where he is manager and exercises voting and dispositive power but disclaims beneficial ownership to the extent of his pecuniary interest.
Silver Bow Mining Corp. (SBMT) announced and discussed a definitive agreement to acquire the Jefferson County Metallurgical Complex in Montana, an integrated brownfield site with a 15,000‑ton‑per‑day flotation plant and a 1,000‑ton‑per‑day gold mill, about 55 miles by road from Butte. The complex historically processed about 98 million tons of ore, producing 1.64 million oz gold, 30.8 million oz silver, 409 million lb lead and 1.1 billion lb zinc. The facilities have an estimated replacement value of roughly US$350 million.
The transaction uses a staged, highly contingent structure. At Initial Closing, Silver Bow plans to fund about US$28.6 million, including US$20.8 million to the Montana DEQ and US$4.27 million to Jefferson County, mainly to address existing obligations. At Final Closing, the company will issue 3.5 million contingent value rights (CVRs), each initially convertible into one common share, plus up to 11.5 million deferred CVRs tied to future Montana Tunnels M‑Pit milestones and production. The deal proceeds through a Chapter 11 Section 363 sale and remains subject to Bankruptcy Court, shareholder, NYSE American, governmental and permit approvals.
SBMT’s primary focus remains the Rainbow Block in the Butte Mining District, where it holds about 4,193 acres of patented mineral rights and 1,410 acres of surface lands. Rainbow Block hosts an Inferred Mineral Resource of roughly 11.48 million tons grading 4.28 oz/ton silver, 0.05 oz/ton gold, 4.59% zinc and 1.25% lead, or about 49 million oz silver, 554,000 oz gold, over 1 billion lb zinc and 287 million lb lead, which the company stresses is not a reserve and lacks demonstrated economic viability. As part of the acquisition, Silver Bow commits to a US$5 million feasibility‑study work program for the M‑Pit and a separate US$3 million engineering and permitting program for the Clancy Creek Bypass Channel, while it continues drilling, underground rehabilitation and technical work at Rainbow Block.
Silver Bow Mining Corp. (SBMT) announced a definitive asset purchase agreement to acquire the Montana Tunnels Mine, Diamond Hill Mill and related assets in Jefferson County, Montana through a Chapter 11 / Section 363 sale. The assets include a metallurgical complex with 15,000‑tpd and 1,000‑tpd milling and flotation circuits and extensive infrastructure on roughly 5,000 acres.
The structure is staged: on August 24, 2026 the company will fund about $28.6 million into escrow to satisfy specified creditors, including about $4.27 million to Jefferson County and about $20.8 million to the Montana DEQ, with release contingent on Bankruptcy Court approval by September 30, 2026. At First Closing, excess escrow cash, if any, will go to Montana Goldfields, Inc. against a senior secured, non‑interest‑bearing promissory note maturing no later than November 30, 2026.
At Final Closing, consideration will include extinguishing a prior $1 million note and the new note, issuing 3.5 million CVRs convertible into common shares after 180 days and 11.5 million additional Deferred Compensation CVRs tied to M‑Pit and Clancy Creek milestones, plus granting a 2% net smelter return royalty and net profits interests on tailings and Clancy Creek projects. Silver Bow also commits to a $5 million M‑Pit feasibility work program and a $3 million Clancy Creek Bypass Channel program. The deal requires Bankruptcy Court, shareholder, governmental and NYSE American approvals.
Silver Bow Mining Corp., an exploration-stage miner focused on the Butte Project in Montana, reported a larger net loss while significantly strengthening its balance sheet for the quarter and six months ended June 30, 2026. Net loss for the quarter was $5.0 million versus $1.4 million a year earlier, and for the first half of 2026 was $8.0 million compared with $7.0 million. The higher loss mainly reflects sharply higher exploration costs, salaries, and general and administrative expenses as the company ramps up activity.
Total assets increased to $102.6 million from $49.7 million at year-end 2025, driven by an IPO and continued investment in mineral properties, which reached $42.8 million. Cash and cash equivalents rose to $55.8 million, with a working capital surplus of $55.0 million, after completing a 5,200,000-share IPO at $11.50 per share, yielding net proceeds of about $55.1 million, plus warrant exercises. Operating cash outflow was $8.1 million and investing outflow $1.3 million, while financing inflow totaled $56.0 million. Management expects exploration and overhead spending to continue increasing in 2026 but, based on current cash, believes obligations can be met for at least the next 12 months. Previously identified material weaknesses in stock-based compensation accounting are being remediated through enhanced closing and policy controls.