1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. Price Chart
4. Valuation
5. Offer Terms
6. Financial Statements
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
SBMT
Listed on
2026-04-30
Sector
Materials
Subsector
Metals & Mining
Offer Price
$11.50
first filed $12.00–$15.00Shares Offered
5.2M
29.52M
$339.5M
17.6%
Implied Upside vs Midpoint
Description
We were incorporated under the name Blackjack Silver Corp. pursuant to the Business Corporations Act (Ontario) on August 31, 2020. We changed our name to Silver Bow Mining Corp. pursuant to a certificate of amendment effective February 18, 2025. On May 27, 2025, we continued into British Columbia under the provisions of the BCBCA. We are domiciled in British Columbia, Canada and maintain a head office in Butte, Montana. We are a minerals exploration company focused on silver, zinc, gold, lead, and copper targets in Montana. We own approximately 4,193 acres in patented mineral claims in Silver Bow County, Montana, USA. Our primary mineral claim property is called the “Rainbow Block”, which is composed of approximately 878 acres of mineral rights, benefiting from over 100 years of exploration, mining, and metallurgical data. In addition to the Rainbow Block, we have approximately 3,315 acres of mineral rights in Silver Bow County, represented by the Marget Ann Block, the Goldsmith Block, the Great Republic Block, the Travona Block, and the Emma Block. --- We are an exploration stage company, with no history of operations, mining or refining mineral products. There is no assurance that the Rainbow Block will be successfully placed into production, produce minerals in commercial quantities or otherwise generate operating earnings. Our business plan is to continue exploration of the Rainbow Block to move towards completion of a feasibility study, at which point we will make a production determination, if economically and legally viable. --- Our principal executive offices are located at 1401 Idaho Street, Butte, Montana 59701 and our telephone number is (406) 718-7593. Our website is www.silverbowmining.com.
| Metric | Value | Peer median | Among peers | |
|---|---|---|---|---|
Net cash / market cap | 3.1% | 0.4% | ||
Debt / equity | 0.00 | 0.00 | ||
Current ratio | 7.26 | 1.15 | ||
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||
▼ Priced at $6.00, 56% below the midpoint of the first filed range ($12.00–$15.00, 2026-03-06).
Each filing is plotted ahead of the first trading day on the price chart.
| Filed | Form | Price range | Price | Shares offered | Deal size |
|---|---|---|---|---|---|
| 2026-03-06 | S-1/A | $12.00–$15.00 | — | 555,555 | $7.5M |
| 2026-03-24 | S-1/A | $12.00–$15.00 | — | 555,555 | $7.5M |
| 2026-04-21 | S-1/A | $10.00–$13.00 | — | 652,174 | $7.5M |
| 2026-04-30 | 424B4 | — | $11.50 | 780,000 | $9.0M |
| 2026-05-01 | 424B4 | — | $6.00 | — | — |
SILVER BOW MINING CORP. income statement and balance sheet, FY Dec 2025 to FY Dec 2025, as reported in SEC filings.
| Metric | FY Dec 2025 |
|---|---|
| Total assets | $49.7M |
| Total liabilities | $1.7M |
| Total equity | $48.0M |
| Cash & equivalents | $10.6M |