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  • Material Weakness (new) — Company disclosed material weaknesses in internal controls related to stock-based compensation accounting during 2025 audit; remediation efforts ongoing.
NYSE: SBMT SILVER BOW MINING CORP. 10-Q

Silver Bow Mining raises $54.6M in May IPO, plans $35M exploration spend over next year

Filed May 14, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

  • high

    Completed IPO on May 1, 2026 raising $54.6M net at $11.50/share; shares began trading on NYSE American April 30. Company held $7.5M cash pre-IPO, now has ~$62M for exploration.

    MD&A: Liquidity verify on EDGAR →
  • high

    Plans to spend approximately $35M over next 12 months on exploration at five Montana properties (Rainbow Block, Marget Ann, Goldsmith, Travona, Emma). No commercial production or proven reserves yet.

    MD&A: Exploration Plans verify on EDGAR →
  • high

    Q1 2026 net loss improved 46% to $3.1M from $5.7M year-ago, driven by $4.3M reduction in stock-based compensation as company transitioned from consultant-based to employee management structure.

    MD&A: Operating Results verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · May 25, 2026 · How we verify