Silver Bow Mining (SBMT) investor relations material

Executive summary

• Announced a non-binding term sheet with Ocean Partners UK Limited for a potential $88 million funding and credit support package, including a $40 million concentrate prepayment facility and $43.1 million in reclamation bond guarantees.

• The funding supports the restart of the Rainbow Block, refurbishment of the Jefferson County Metallurgical Complex, and working capital, with no production-timing covenants.

• $42 million in cash is expected to be released from reclamation bond collateral, and a $5 million pre-bridge financing will be funded within five business days.

• Definitive agreements are targeted for signing in the fourth quarter of 2026, concurrent with the final closing of the Complex acquisition.

• Forward-looking statements highlight potential risks, including non-binding terms, regulatory approvals, and market uncertainties.

Voting matters and shareholder proposals

• Shareholders will be asked to approve the issuance of contingent value rights (CVRs) and underlying common shares at a proposed meeting.

• Proxy materials will be filed with the SEC, and shareholders are urged to review them for important information regarding the approval being requested.

Board of directors and corporate governance

• Board approval is required for the release of certain funding tranches, such as the $20 million tranche upon a board resolution for project restart or refurbishment.

• Directors and executive officers may be deemed participants in the proxy solicitation, with their interests disclosed in SEC filings.