Silver Bow Mining signs $28.60M deal for Montana metallurgical complex
Silver Bow Mining Corp signs a definitive agreement to acquire the Jefferson County metallurgical complex in Montana for $28.60M cash to creditors, with additional royalty and profit-interest terms included.
SBMT - Silver bow mining signs definitive agreement to acquire the Jefferson County Metallurgical complex in Montana Silver bow mining Corp - to pay $28.60M cash to creditors including $4.27M to Jefferson County, $20.80M to Montana deq - Deal includes 2% net smelter return Royalty on M-pit production with $10M buyback right - Post-closing commitments include $5M feasibility study and $3M for clancy creek bypass channel - Deal includes 50% net profits interest for tailings reprocessing and 75% for clancy creek placer production