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Silver Bow Mining Has a Mill: President Doug Stiles and CFO Wade Black Discuss Jefferson County Metallurgical Complex Transaction
Published 1 month, 2 weeks ago
Description
Silver Bow Mining signed a definitive agreement to acquire the Jefferson County Metallurgical Complex in Montana through a Chapter 11 bankruptcy process, committing roughly $28.6 million in cash at initial closing plus contingent value rights, royalties, and profit interests tied to future milestones. Mining Stock Daily spoke to president Doug Stiles and CFO Wade Black about the transaction. The complex includes two processing circuits, the Montana Tunnels M-Pit, and related infrastructure that the company believes could eventually help process ore from its nearby Rainbow Block deposit, pending a feasibility study, shareholder approval, and Bankruptcy Court sign-off.