During the exploration phase, mining company Silver Bow Mining (SBMT.US) has revised its terms for the US IPO and plans to raise $50 million.

Silver Bow Mining (SBMT.US) is an exploration-stage mining company with multiple projects in Montana. The company revised the terms of its upcoming initial public offering (IPO) on Tuesday, planning to raise $50 million by issuing 4.3 million shares at a price range of $10 to $13 per share. Previously, the company had applied to issue 3.7 million shares at a price range of $12 to $15. Based on the revised terms' midpoint, Silver Bow Mining's total fundraising amount remains in line with previous expectations. The company holds approximately 3,347 acres of granted mining rights in Silver Bow County, Montana, focusing on the exploration and development of silver, zinc, gold, lead, and copper. The company's core mining asset is the Rainbow Mining District, which spans approximately 878 acres of mining rights and is currently the only significant asset in active exploration and development. In addition to the Rainbow Mining District, the company also holds approximately 2,469 acres of mining rights in Silver Bow County, including the Marget Ann, Goldsmith, Travona, and Emma Mining Districts. Silver Bow Mining has not yet generated revenue. Established in 2020, Silver Bow Mining plans to list on the NYSE American under the ticker symbol SBMT. The joint book-runners for this offering are Cantor Fitzgerald, Research Capital USA, Joseph Gunnar, Roth Capital, and R.F. Lafferty & Co.