SILVER BOW MINING CORP.

Silver Bow Mining Corp. has completed the initial closing of an asset purchase agreement with Montana Tunnels Mining, Inc. (MTMI) and Montana Goldfields, Inc. (MTGF), following court approval. The company released approximately $28.58 million from escrow to cover creditor obligations related to the acquired assets. In exchange, MTGF issued a $28.58 million senior secured promissory note to Silver Bow Mining. Additionally, Silver Bow Mining purchased $5 million in senior secured notes from MTGF.

Silver Bow Mining Corp. reported a net loss of $8.0 million for the six months ended June 30, 2026, an increase from $7.0 million in the prior year. This period was significantly marked by the successful completion of an Initial Public Offering (IPO) in April 2026, which generated $55.1 million in net proceeds. The company also expanded its mineral properties with the acquisition of the Great Republic block, contributing to a substantial increase in total assets and cash reserves.

Silver Bow Mining Corp. announced the appointment of Doug Stiles as President, effective July 27, 2026. Mr. Stiles, who previously served as the company's Vice President of Regulatory and External Affairs, brings over 25 years of experience in environmental permitting, regulatory compliance, and government relations within the mining sector. He will continue to report to Chairman and CEO Travis Naugle and will focus on advancing the company's flagship Rainbow Block Project. The company has not yet determined any new material compensation arrangements for Mr. Stiles in his new role.

Silver Bow Mining Corp. granted an aggregate of 60,000 stock options to certain consultants on June 26, 2026, under its long-term incentive plan. These options are exercisable at a price of $11.50 per share and will expire on June 26, 2031. The options vest in three equal annual tranches over three years.

Silver Bow Mining Corp. announced a change in its independent registered public accounting firm. Assure CPA, LLC resigned on June 3, 2026, following its merger into Sadler Gibb & Associates LLC. The audit report from Assure for the year ended December 31, 2025, contained a modification regarding the company's ability to continue as a going concern, but no other disagreements were reported. Subsequently, Sadler Gibb & Associates LLC was appointed as the new independent auditor on June 8, 2026.

Silver Bow Mining Corp. issued its first letter to shareholders as a public company, detailing its recent initial public offering and strategic plans. The company highlighted its flagship Rainbow Block, which hosts an inferred mineral resource estimate of 49.2 million ounces of silver, 554,000 ounces of gold, over 1.0 billion pounds of zinc, and 287 million pounds of lead. Following the IPO, Silver Bow Mining has begun executing its strategy, including a 25,000 ft surface drill campaign and the rehabilitation of the Chief Joseph portal to re-establish underground access, while also exploring for additional Critical Minerals.

Silver Bow Mining Corp. announced that its compensation committee granted stock options to certain named executive officers on May 19, 2026, under the Company's 2022 long term incentive plan. CFO Wade Black was granted 15,000 stock options, while Vice President of Exploration Phillip Nickerson received 30,000 stock options. Both grants are exercisable at $11.50 per share for five years and vest in equal thirds annually over three years, subject to continued service.

Silver Bow Mining Corp. reported a net loss of $3.04 million for Q1 2026, a 46% reduction from $5.63 million in Q1 2025. The company saw increased exploration, salaries, and professional fees, while management and advisory fees decreased significantly. Subsequent to the quarter, Silver Bow Mining successfully closed its initial public offering on May 1, 2026, raising approximately $54.6 million in net proceeds, which will fund continued exploration and working capital.

Silver Bow Mining Corp. completed its initial public offering (IPO) on May 1, 2026, issuing 5,200,000 common shares. The company raised approximately $54.6 million in net proceeds after deducting underwriting discounts, commissions, and other offering expenses. The underwriting agreement was entered into with Cantor Fitzgerald & Co. on April 29, 2025, which also includes an over-allotment option for up to 780,000 additional shares.

SILVER BOW MINING CORP. filed its S-1 registration statement on April 29, 2026. The filing details various exhibits, including legal opinions from Morton Law LLP and consents from accounting firms Assure CPA, LLC and PKF Antares Professional Corporation, as well as Dahrouge. The statement was duly signed by the company's Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, and its board of directors.