Silver Bow Mining agrees to buy Jefferson County Metallurgical Complex in Montana for about US$28.6 million plus CVRs
SBMT•Closing terms and project context
Initial Closing requires about US$28.6 million in cash to satisfy creditors, including US$20.8 million to the Montana DEQ.
Final Closing would deliver 100% ownership free and clear, subject to court, shareholder, NYSE American, and other customary approvals.
The complex sits near the Rainbow Block Project, providing processing infrastructure expected to support evaluation of development options for that resource.
Definitive agreement to acquire Montana complex
Silver Bow Mining signed a definitive deal to acquire the Jefferson County Metallurgical Complex in Montana via a Chapter 11 Section 363 process.
The asset package includes 15,000-tpd and 1,000-tpd milling and flotation circuits, tailings facilities, crushing and ore storage, and the historic Montana Tunnels M-Pit.
