Mines Management, Inc. (Mines Management) is an exploration stage company. The Company is engaged in the business of acquiring and exploring and development of silver-dominant mineral projects. The Company's mineral property interest, the Montanore Project, is held by its wholly owned subsidiaries, Newhi, Inc. and Montanore Minerals Corp. The Montanore Project is located in Sanders and Lincoln Counties in northwestern Montana. The Company's properties, including the Montanore property, are in the exploration stage and none of its properties are in production.