SILVER BULLET MINES CORP Stock Price, News & Analysis

Silver Bullet Mines (OTCQB:SBMCF) has secured a significant sales agreement with a major concentrate buyer for its high-grade silver/gold concentrates from the Super Champ Mine in Arizona. The agreement, effective until June 30, 2026, includes an initial 90% payment within 5 days of pickup, with the remaining balance paid after verification.

The concentrate contains impressive grades of 530 ounces per ton silver and 0.52 ounces of gold per ton. SBMI plans to process 50 tons of Super Champ material daily, with potential expansion to 125 tons per day. Initial deliveries will consist of 25 tons of concentrate, with continuous shipments expected for the foreseeable future.

Silver Bullet Mines (OTCQB:SBMCF) has made significant progress at its Washington Mine in Idaho, discovering the historical opening to the Subrosa Mineralized Zone. Historical data suggests the zone contains approximately 3 million ounces of silver (grading 30-90 oz/ton) and 15,000 ounces of gold (0.3 oz/ton).

The company has also completed a financing round of $858,899 at $0.18 per Unit (including shares and warrants), representing a premium to market price. Additionally, a convertible note holder has converted their remaining balance to equity, improving the company's balance sheet. SBMI is finalizing agreements with potential buyers for concentrate from its Super Champ Mine in Arizona.

Silver Bullet Mines (SBMCF) has secured strategic financing through agreements with three accredited investors to acquire 3,836,000 Units at $0.18 per Unit, raising gross proceeds of $690,480. Each Unit includes one common share and a three-year warrant exercisable at $0.22. The company also announced the conversion of previously issued $940,000 convertible debentures to equity. Additionally, SBMI plans to issue 339,838 shares at $0.16 per share for debenture interest payments. The funds will support working capital, increase capacity in Arizona and Idaho operations, and address tariff-related costs. Operationally, SBMI has completed mill adjustments to process Super Champ material and is preparing to ship a bulk batch of concentrate for buyer testing, with regular production shipments expected to follow successful testing.

Silver Bullet Mines Corp. (SBMCF) has completed the first phase of development at its Washington Mine in Idaho. The company successfully advanced a 12x12 foot main haulage tunnel 190 feet and intercepted the historical Berger Vein and Eastern silver/gold shoot. Notable assay results include a significant 30.1 ppm gold sample, with multiple samples showing anomalous gold and silver values in the host rock. The company identified two prospective gold/silver targets, including the Subrosa, which historically reported 995.31 ppm silver and 4.04 ppm gold over 65 feet. SBMI plans to commence mining high-grade silver/gold material from multiple targets and conduct underground drilling for a potential NI 43-101 compliant resource report. The company will issue 437,584 shares to pay $67,826 in debenture interest, and announced the resignation of board member Kerem Usenmez.

Silver Bullet Mines (SBMCF) has completed the first phase of development at its Washington Mine in Idaho, achieving significant milestones. The company successfully advanced a 12x12 foot main haulage tunnel 190 feet and intercepted the historical Berger Vein and Eastern silver/gold shoot. Notable assay results include a high-grade sample of 30.1 ppm gold from the host rock, with 32 samples showing anomalous gold and silver values. Within the Washington vein itself, recent samples reached up to 3,000 ppm gold. The company identified two promising gold/silver targets, including the Subrosa, which historically reported 995.31 ppm silver and 4.04 ppm gold over 65 feet. SBMI plans to begin mining high-grade silver/gold material from multiple targets and conduct underground drilling for a potential NI 43-101 compliant resource report.

Silver Bullet Mines Corp. (SBMCF) has announced significant developments at its Super Champ Mine and a new sales agreement. The company has signed an open purchase agreement for its gold and silver concentrate, effective April 11, 2025 through December 31, 2026, with a US-based purchaser.

Recent assays from blast material showed impressive results, with the highest grab sample returning 217.6 oz/ton silver. Panned material yielded 572 oz/ton silver, while waste rock contained 7.6 oz/ton silver. A dore bar analysis showed composition of 82.6% silver, 4.1% gold, and other elements.

The company is developing a new adit to access the Super Champ mineralization, following the discovery of a historical mining tunnel that yielded four grab samples exceeding 1000 oz/ton silver. SBMI has staked 11 additional claims covering the entire exposed system. The project is fully permitted and compliant with regulatory requirements.

Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) has achieved a significant milestone by increasing its concentrate grade from Super Champ material to 530 ounces per ton silver, representing a 12% improvement over the previous production run. This enhancement was accomplished through improved mill efficiencies and higher head grade.

The company is currently developing an adit perpendicular to the Super Champ vein, which will enable development in two directions and potentially increase higher-grade material tonnage while reducing production risk. Following their first concentrate sale announced on February 21, 2025, the buyer has successfully completed testing, reporting high silver recovery and significant gold content, though specific data remains unreleased due to QA/QC considerations.

The company has also issued 1,071,429 common shares at $0.14 per share through a Securities for Services agreement, with a hold period expiring July 20, 2025.

Silver Bullet Mines Corp (SBMCF) reports significant progress at its Super Champ Mine in Arizona, where development has been ongoing since November 2024. The company has successfully delineated a vein over 1500 feet and begun driving a development adit, with samples yielding impressive assay results up to 405.4 ounces per ton silver.

The company is currently processing material at their 100%-owned mill in Globe, Arizona, at a rate of 7 tons per hour. The vein is located approximately 70 feet from the adit opening, which has advanced over 25 feet. SBMI has already completed its first sale of concentrates from Super Champ material and is prepared for subsequent shipments.

The development continues without requiring additional capital expenditures, as the company has all necessary equipment in place. SBMI believes silver grades will increase at depth based on strong assay values and secondary enrichment science.

Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) has accessed the historic high-grade silver vein at its Washington Mine in Idaho. The company has expanded the adit to 12ft x 12ft, advancing over 190 feet and establishing 4 drill stations. The targeted vein averages 6 feet wide, with all drill holes successfully intercepting it.

According to the Stoker Report, the blocked-out volume contains an estimated 3 million ounces of silver (grading 30-90 ounces per ton) and 15,000 ounces of gold (at 0.3 ounces per ton). The report also identifies the 'Berger Vein', a gold ore shoot 25 feet wide and 135 feet long.

Initial oxide material samples showed up to 18 ounces per ton silver using X-ray fluorescence. The company is now focusing on extracting a 2,500-ton bulk sample and developing the mine further, with recent core samples showing multiple gold veinlets and potential high-grade silver content.