Financing ·
Silver Bow Mining borrows $5M from Ocean Partners UK via secured note due March 2027
SBMTSilver Bow Mining Corp.
On October 2, 2026, Silver Bow Mining Corp. entered into a Note Purchase Agreement with Ocean Partners UK Limited for the issuance of a secured promissory note in an aggregate principal amount of $5.0 million. The note matures on March 31, 2027, and bears interest at the 12-month SOFR plus 6.75% per annum, payable monthly. The obligation is secured by a first-priority senior security interest in a $28.58 million promissory note issued by Montana Goldfields, Inc., which Silver Bow Mining holds from its acquisition of the Jefferson County Metallurgical Complex. Proceeds are restricted to advancing the Rainbow Block project and the acquired complex. Additionally, on October 3, 2026, the Board authorized a $350,000 annual salary increase for CEO C. Travis Naugle effective May 1, 2026, along with a $250,000 one-time discretionary cash bonus and a $100,000 annual payment for his role as Executive Chairman. Silver Bow Mining Corp. operates in the mining industry, focusing on the development of precious metal projects.