Silver Bow Mining (SBMT) Proxy filing summary

Executive summary

• Announced definitive agreement to acquire the Jefferson County Metallurgical Complex, including two processing facilities and the historic Montana Tunnels M-Pit, for $28.6 million upfront and contingent value rights (CVRs) tied to future milestones.

• Acquisition aims to secure existing polymetallic processing infrastructure near the Rainbow Block, supporting future development options and capital discipline.

• Rainbow Block remains the primary focus, with ongoing drilling, underground access rehabilitation, and technical, environmental, and permitting work.

• The transaction is structured through a Chapter 11 sale process, subject to Bankruptcy Court, shareholder, NYSE American, and governmental approvals.

• Key milestones include technical evaluation of the acquired facilities, M-Pit feasibility study, and continued Rainbow Block exploration.

Voting matters and shareholder proposals

• Shareholders will be asked to approve the issuance of CVRs and underlying common shares at a Special Meeting, as required by NYSE American rules.

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

Board of directors and corporate governance

• Directors and executive officers may be deemed participants in the proxy solicitation for the proposed transaction.

• Information on directors and officers, including changes in beneficial ownership, will be disclosed in the proxy statement and related SEC filings.