Mentioned:
There’s a new silver company on the New York Stock Exchange. And they’re about to start scaling up their exploration in one of the most legendary mining regions in Montana.
What’s happening:
- Silver Bow Mining (NYSE: SBMT) has successfully raised $59.2M USD in their IPO financing round and begun trading on the New York Stock Exchange
Why it matters:
- Silver Bow Mining’s flagship property is the Rainbow Block located in Butte, Montana and contains a high grade silver deposit with an initial resource of roughly 170M silver equivalent ounces
Going deeper:
- Silver Bow Mining owns more than 2,000 acres of patented mineral claims focused on silver, zinc, gold and copper deposits around their Rainbow Block project in the historic Butte Mining District
- The IPO financing round for Silver Bow Mining was notably led by prominent American investment bank Cantor Fitzgerald
