{"url_path":"/sec/sbmt/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/2067674/0001539497-26-001432-index.html","accession_number":"0001539497-26-001432","cik":"0002067674","ticker":"SBMT","issuer_name":"SILVER BOW MINING CORP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2067674/0001539497-26-001432-index.html","primary_entity_key":"0002067674","primary_entity_name":"SILVER BOW MINING CORP."},"word_count":387,"has_tables":true,"body_markdown":"ITEM 2.  UNREGISTERED SALES\nOF EQUITY SECURITIES AND USE OF PROCEEDS.\n\n \n\n**Unregistered Sales of Equity Securities**\n\n \n\nDuring the three months ended March 31,\n2026, we had the following unregistered sales of equity securities:\n\n \n\n●In January 2026, we issued 4,000 common shares pursuant to a warrant exercise by a warrant holder\nat a price of $5.00 per share. The securities were issued pursuant to Rule 506 of Regulation D and Section 4(a)(2) of the U.S.\nSecurities Act.\n\n●In February 2026, we issued 8,000 common shares pursuant to a warrant exercise by a warrant holder\nat a price of $5.00 per share. The securities were issued pursuant to Rule 506 of Regulation D and Section 4(a)(2) of the U.S.\nSecurities Act.\n\n●On March 18, 2026, the Company issued 35,000 common shares pursuant to\nwarrants exercises, raising $140,000 at a price of $4.00 per share. The securities were issued pursuant to Rule 506 of Regulation\nD and Section 4(a)(2) of the U.S. Securities Act.\n\n●On March 23, 2026, the Company issued 108,000 common shares pursuant to\nwarrants exercises, raising $540,000 at a price of $5.00 per share. The securities were issued pursuant to Rule 506 of Regulation\nD and Section 4(a)(2) of the U.S. Securities Act.\n\n●On March 24, 2026, the Company issued 20,000 common shares pursuant to\nwarrants exercises, raising $100,000 at a price of $5.00 per share. The securities were issued pursuant to Rule 506 of Regulation\nD and Section 4(a)(2) of the U.S. Securities Act.\n\n \n\n**Repurchases of Equity Securities**\n\n \n\nDuring the three months ended March 31, 2026, we did not repurchase\nany of our equity securities.\n\n \n\n20\n\n \n\n \n\n**Use of Proceeds**\n\n \n\nOn May 1, 2026 , we closed our first\npublic offering of securities under the Securities Act of 1933, as amended (the “**Securities Act**”). We are required\nto report our use of proceeds pursuant to our Registration Statements on Form S-1 (333-292928 and 333-295418). Following the closing\nof the public offering, we received approximately $54.6 million in net proceeds (or $11.50 per common share sold in the public\noffering), which funds were wired into our operating bank account.\n\n \n\nAs of the date hereof, we have not used\nany of the net proceeds of the offering.\n\n \n\nAs of the date hereof, we reasonably estimate\nthat we have approximately $54.6 million in net proceeds remaining in our operating accounts."}