Silver Bear Resources Inc (SBR) is a Mining and Metals company located in Suite 3120 Royal Bank Plaza, 200 Bay Street South Tower, Toronto, ON M5J 2J4, Canada, Toronto, Ontario, Canada.Silver Bear Resources Inc., an exploration stage company, engages in the evaluation, acquisition, exploration, and development of precious metal properties in the Russian Federation.The Company’s committed to the development of the Mangazeisky project, and to that end, during 2015 Silver Bear completed Phase I construction at site which included, building 80 man permanent dormitory with bath, medical and laundry facilities; water drinking and septic, electrical and heating systems, garage and storage facilities; internal camp roads; and construction of plant foundations. In addition, during 2015 the Company placed orders for vital long-lead items namely processing equipment and ball mill; and awarded procurement services contract with PT Mining of Russia. Since January 2016 the company has transported construction materials, fuel and mine supplies over the winter road, in addition to mobilizing contractors to site for installation and building of the fuel storage area. It is the Company’s priority to monitor Phase II construction to ensure accelerated development timeline remains on-track for silver commissioning in late 2016.