Leadership & Pay ·
Silver Bow Mining amends CEO performance warrants and grants 2M new ones
SBMTSilver Bow Mining Corp.
The Board of Directors approved amendments to existing performance warrants held by CEO C. Travis Naugle, replacing a preliminary economic assessment milestone with the completed acquisition of the Jefferson County Metallurgical Complex and an $88 million funding term sheet. Additionally, the Board authorized the grant of 2,000,000 new performance warrants to the CEO, subject to shareholder approval and NYSE American listing requirements. These new warrants vest based on mineral resource growth targets, market capitalization thresholds of $500 million or $1 billion, and production milestones, with exercise prices set at $12.00 or $18.00 per share depending on the specific milestone achieved. Silver Bow Mining Corp. operates in the precious metals mining industry.