SILVER BOW MINING CORP. 10-Q

Financial Statements (unaudited)

ITEM 1. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS. SILVER BOW MINING CORP. Unaudited Condensed Interim Consolidated Balance Sheets June 30, 2026 December 31, 2025 ASSETS Current Assets Cash and cash equivalents $ 55,825,576 $ 10,554,948 Prepaid expenses 817,884 177,075 Other current assets 482,999 250,496 57,126,459 10,982,519 Non-current Assets Restricted cash - reclamation deposit 1,538,611 225,788 Right of use asset 91,333 - Property and equipment, net 979,646 253,469 Mineral properties 42,831,804 38,261,379 Total Assets $ 102,567,853 $ 49,723,155 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities Accounts payable and accrued liabilities $ 1,596,691 $ 1,512,225 Lease liability - short term 22,895 - Short term obligation - Great Republic mineral property 500,000 - Total current liabilities 2,119,586 1,512,225 Non-current Liabilities Environmental remediation reserve 222,693 222,693 Lease liability - long term 74,381 - Long term obligation - Great Republic mineral property 3,500,000 - Total Liabilities 5,916,660 1,734,918 Commitments and Contingencies - Note 8 - Stockholders’ Equity Common shares, no par value, unlimited shares authorized; 29,528,500 issued and outstanding at June 30, 2026 (December 31, 2025 - 24,143,500 ) 120,259,031 64,080,293 Additional paid-in capital 8,497,005 7,972,394 Accumulated deficit ( 32,104,843 ) ( 24,064,450 ) Total Stockholders’ Equity 96,651,193 47,988,237 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 102,567,853 $ 49,723,155 The accompanying notes are an integral part of these condensed interim consolidated financial statements. Field: Page; Sequence: 3; Value: 1 Field: Sequence; Type: Arabic; Name: PageNo 2 Field: /Sequence Field: /Page SILVER BOW MINING CORP. Unaudited Condensed Interim Consolidated Statements of Operations For the three and six months ended June 30, 2026 and 2025 Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Operating expenses Exploration costs $ 2,509,027 $ 98,521 $ 2,918,083 $ 302,391 Depreciation 30,122 5,996 44,296 11,992 Salaries and wages 1,212,654 355,292 1,831,855 671,466 General and administration 663,601 130,685 1,057,062 200,272 Management and advisory 160,460 165,344 782,478 5,085,987 Professional fees 750,378 541,104 1,766,254 632,507 Operating lease expenses 5,943 44,518 5,943 113,601 Net loss from operations 5,332,185 1,341,460 8,405,971 7,018,216