Silver Bow Mining (SBMT) Registration filing summary

Company overview and business model

• Focuses on exploration of silver, zinc, gold, lead, and copper in Montana, with primary asset being the Rainbow Block (878 acres of mineral rights, 215 acres of surface rights).

• Holds 3,347 acres of patented mineral claims in Silver Bow County, Montana, with additional blocks (Marget Ann, Goldsmith, Travona, Emma) under exploration.

• Operates as an exploration-stage company with no history of commercial production or established mineral reserves.

• Business plan centers on advancing the Rainbow Block through exploration, feasibility studies, and potential production if viable.

• Owns mineral rights through subsidiary Ferry Lane Limited; surface rights are partially owned, with ongoing efforts to acquire more.

Financial performance and metrics

• Reported net loss of $9.1M for the nine months ended September 30, 2025, and $4.8M for the year ended December 31, 2024.

• Cash and cash equivalents were $1.26M as of September 30, 2025; working capital of $591K.

• Total assets of $40.2M and total liabilities of $1.06M as of September 30, 2025.

• No operating revenue; operations funded through equity issuances and private placements.

• Accumulated deficit of $22.8M as of September 30, 2025.

Use of proceeds and capital allocation

• Net proceeds from the IPO will fund ongoing mining and exploration activities, working capital, and general corporate purposes.

• Management has broad discretion over use of proceeds; no current commitments for acquisitions.

• Proceeds expected to fund capital requirements for the next 24 months.