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Silver Bow Mining Corp., formerly Blackjack Silver Corp., is a British Columbia-based exploration-stage minerals company focused on silver, zinc, gold, lead, and copper targets in Montana's historic Butte Mining District. Incorporated in 2020 and continued into British Columbia in 2025, the company owns approximately 4,193 acres of patented mineral claims in Silver Bow County, with its primary material property being the 878-acre Rainbow Block, benefiting from over 100 years of exploration data. As an exploration-stage entity with no history of mineral production or revenues, Silver Bow Mining reported a net loss of $10.4 million for the year ended December 31, 2025 (up from $4.8 million in 2024), with cash and equivalents of $10.6 million and working capital surplus of $9.5 million. The Rainbow Block hosts an Inferred Mineral Resource of 11.48 million tons grading 14.8 opt Ag-Eq (170 million ounces Ag-Eq), per a S-K 1300 compliant technical report effective December 31, 2024. This initial public offering seeks to raise approximately $45.5 million in net proceeds (at $13.50 midpoint) through 3,703,704 common shares, funding surface/underground exploration drilling ($20.5 million), metallurgical/environmental studies ($0.5 million), NYSE listing, salaries, and working capital. The investment thesis centers on advancing the Rainbow Block toward a feasibility study and production decision, leveraging its polymetallic resource in a district with rich mining heritage amid favorable commodity trends.
Offering Amount
$376.1M
Shares Offered
27,859,204
Price Range
$12.00 – $15.00
Shares Offered
3,703,704
Offering Amount
$50,000,004
Price Range
$12-$15
Share Type
Common shares
Exchange
NYSE American
Ticker
SBMT
Use of Proceeds: Surface exploration drilling $2.5M, underground rehabilitation $12M, underground drilling $6M, metallurgical test work $0.25M, environmental studies $0.25M, NYSE fees $65K, salaries $2.18M, professional fees $1.6M, working capital $20.655M.
Silver Bow Mining Corp. is a minerals exploration company focused on silver, zinc, gold, lead, and copper targets in Montana, owning approximately 4,193 acres in patented mineral claims in Silver Bow County with primary Rainbow Block of 878 acres.