Silver Bow Mining signs ~$88M term sheet with Ocean Partners
Silver Bow Mining signed a non-binding term sheet with Ocean Partners for an ~$88M package including a $40M concentrate prepayment facility, ~$43.1M reclamation bond guarantees, and 10-year zinc/lead offtakes; a $5M bridge note is due within five business days.
1M in reclamation bond guarantees and 10-year zinc and lead offtakes. A $5M bridge note is to be funded within five business days.