Silver Bow Mining completes initial closing on Montana Tunnels Mining asset purchase, releases $28.58 million from escrow
SBMT•Promissory note terms
In exchange, Silver Bow Mining received a $28.58 million senior secured promissory note from Montana Goldfields, backed by security and guarantees.
The note carries no interest until maturity, then 10% on unpaid principal; maturity is set for Nov. 30, 2026, if not extinguished earlier.
Initial closing and escrow release
Silver Bow Mining completed an initial closing to buy specified Montana Tunnels Mining assets on Sept. 4, 2026, under a court-approved APA.
The company released about $28.58 million from escrow to satisfy creditor obligations tied to the acquired assets.
