Silver Bow Mining (SBMT) Proxy filing summary

Executive summary

• Received U.S. Bankruptcy Court approval for the acquisition of the Jefferson County Metallurgical Complex from Montana Tunnels Mining, Inc. and completed the initial closing under the asset purchase agreement.

• Funded approximately US $28.58 million into escrow to satisfy creditor obligations, including payments to Jefferson County and the Montana Department of Environmental Quality.

• Initial closing involved the release of escrow funds and issuance of a senior secured note, but did not transfer ownership; final closing is pending shareholder and NYSE American approval.

• The acquisition is expected to provide strategic processing infrastructure and flexibility for future development, particularly for the Rainbow Block project.

• Forward-looking statements highlight anticipated benefits, required approvals, and ongoing technical and regulatory evaluations.

Voting matters and shareholder proposals

• Shareholder approval is required for the issuance of contingent value rights (CVRs) and underlying common shares as part of the acquisition's final closing.

• A proxy statement will be filed with the SEC for the upcoming shareholders meeting to approve these matters.

• Investors are urged to review all proxy materials when available for important information regarding the shareholder approval being requested.

Board of directors and corporate governance

• Certain directors and executive officers may be deemed participants in the solicitation of proxies for the proposed transaction.

• Information about directors and executive officers, including changes in beneficial ownership, will be disclosed in SEC filings.