Mergers & Acquisitions ·
Silver Bow Mining Corp. announced the signing of a non-binding term sheet with Ocean Partners UK Limited for an…
SBMTSilver Bow Mining Corp.
Silver Bow Mining Corp. announced the signing of a non-binding term sheet with Ocean Partners UK Limited for an integrated funding and offtake package valued at approximately US$88 million. The structure includes a US$40 million concentrate prepayment facility linked to ten-year zinc and lead concentrate offtake agreements, US$43.1 million in reclamation bond guarantees expected to release roughly US$42 million in cash collateral, and a US$5 million commitment as lead investor in future equity financing. A binding US$5 million pre-closing bridge note is to be funded within five business days. The company targets final closing of the Jefferson County Metallurgical Complex acquisition in the fourth quarter of 2026. Silver Bow Mining Corp. operates in the mining industry, advancing zinc-lead-silver projects in Montana.