Silver Bullet Mines Corp. reports mining, processing, and exploration developments for precious metal properties in North America. News about SBMCF centers on its Arizona operations, including the KT Mine, SC Mine, Columbia Mine, Gold Queen Mine, and its wholly owned modular mill in Globe, Arizona, which supports the company's hub-and-spoke operating model.
Recurring updates cover assay results, mine rehabilitation, concentrate shipments, equipment needs, and processing capacity for gold, silver, and other metals. The company's Idaho disclosures focus on the past-producing Washington Mine, including silver, gold, antimony, lead, and zinc results. SBMCF also reports commercial arrangements for mineralized material and concentrates, including its long-term supply framework with Ocean Partners US Inc.
Silver Bullet Mines (SBMCF) reported gold assay results from its Columbia / Gold Queen Complex in Arizona, including 41.14 g/t gold.
In-house assays returned Columbia gold values of 13.71, 27.43 and 41.14 g/t; Gold Queen samples returned 10.87 and 10.70 g/t. Five stockpile samples, likely from Steamboat, returned 10.29–27.43 g/t gold and 3.43–312.00 g/t silver. Independent laboratory results for the three highest-gold Steamboat samples were 3.5, 2.9 and 2.7 g/t. No deleterious elements were found in the reported assays.
A road to Columbia is built, and a road to Gold Queen is being completed. Roughly six thousand pounds of concentrate were previously produced from a stockpile near the new road; third-party assays are pending. The company says sampling is guiding it toward higher-grade saleable concentrate. Random samples may not represent their locations or the Complex generally.
Silver Bullet Mines (SBMCF) plans to assess surface stockpiles for potential harvesting at its Columbia / Gold Queen Complex in Arizona. The company believes it found thousands of tons of mineralized stockpiles and plans systematic assays before deciding whether to harvest them. It has produced 6,000 pounds of concentrate from a stockpile near the road; third-party concentrate assays and other assays remain pending. Random samples may not represent the stockpiles or the wider Complex.
The company is preparing an exploration and mining plan, including diamond drilling. Stockpile material would complement Gold Queen material intended for a 12,000-ton concentrate contract with Ocean Partners. Unexpected road-permitting delays delayed production and revenue generation. A proposed financing targets $500,000.00 in gross proceeds through units priced at $0.14, each with a share and a three-year warrant exercisable at $0.18. Closing requires regulatory approval.
Silver Bullet Mines (OTCQB: SBMCF) reported that, after about two quarters of field work, it has shifted near‑term processing to the Columbia / Gold Queen Complex in Arizona instead of the King Tut Mine. According to the company, this work indicates the complex can consistently supply the tonnage needed to satisfy its contract to ship up to 36,000 tons per year of product to Ocean Partners USA.
SBMI has built and permitted a new road linking the Columbia Mine to a highway leading to its Globe, Arizona mill and is extending it toward the Gold Queen Mine. The company has shipped the first loads from the complex, with an estimated ~80 tons now at the mill, and has commenced processing into concentrate to optimize recoveries. Initial internal assays and historical data are described as encouraging, and several additional potential high‑grade gold zones were intercepted during road work.
SBMI plans a $670,000 three‑year convertible debenture financing at 12% interest, convertible at $0.12 and including 6.7 million warrants exercisable at $0.16, to fund complex development and working capital, subject to regulatory approval. It also issued 114,815 shares at $0.125 to a consultant under a previously approved agreement.
Silver Bullet Mines (OTCQB: SBMCF) will shift from quarterly to semi-annual financial reporting under Coordinated Blanket Order 51-933, starting with the three-month period ended March 31, 2026. The first semi-annual period ends December 31, 2026.
The company also granted a net smelter royalty on Arizona lead and zinc production for US$250,000, at 20% of gross lead and zinc value (less deductions), capped at US$100,000 per any 12-month period.
Silver Bullet Mines Corp (OTCQB: SBMCF, TSXV: SBMI) updated equipment acquisition to support a March 2, 2026 five-year supply agreement with Ocean Partners US. SBMI ordered a portable crushing plant rated up to 50 tons/hour (theoretical 1,200 tons/day) and plans initial production of 100 tons/day for Ocean Partners.
Delivery logistics are being finalized for the Columbia Mine in Arizona, with site infrastructure work underway; the crusher is expected operational there in roughly five months. A second crusher for the Washington Mine (Idaho) is contemplated. SBMI also plans modular throughput expansion at its Globe, Arizona mill and is negotiating non-equity financing to fund equipment purchases.
Silver Bullet Mines (OTCQB: SBMCF) reports high-grade antimony assays from its wholly owned Washington Mine in Idaho, revisiting samples reported on December 15, 2021. Antimony (Sb) returned up to 8,810 ppm with six samples reported; gold and silver assays previously included silver up to 4,780 ppm.
The company also reports elevated lead and zinc values and notes global antimony supply concentration, underscoring potential strategic value for the Washington Mine.
Silver Bullet Mines (OTCQB: SBMCF) entered a five-year framework agreement with Ocean Partners US to sell all Arizona-sourced material beginning February 1, 2026. The initial commitment is up to 36,000 tons per annum, with scope to increase.
The company is processing concentrates five days per week, received payment for its first shipment, and plans mill throughput upgrades and a portable crusher pending financing. Ocean Partners visited sites and indicated interest in the Washington Mine, creating a ready offtake path as SBMCF scales production.
Silver Bullet Mines (OTCQB: SBMCF) disclosed historical technical data for its recent acquisitions, the Columbia Mine and the Gold Queen Mine, located in Gila County, Arizona, about 30 miles from the company's Globe, AZ mill.
The release highlights anecdotal historical grades (including high-grade gold assays to 49.1 g/t), confirms no NI 43-101 compliant resource estimates exist, and notes an independent Qualified Person approved the release without visiting the sites. The company also announced a board resignation.
Silver Bullet Mines (OTCQB: SBMCF) reported surface assays averaging 33.9 oz Ag/ton from 13 samples at the Washington Mine, Idaho, with individual assays ranging up to 269 oz Ag/ton. Autumn 2025 work included adit rehabilitation, a near-surface bulk sample, and underground NQ2 core drilling; core logging and assaying are in progress.
The company plans spring 2026 core drilling of the Washington Vein and further metallurgical testing prior to sampling-based mining. Warrant exercises generated proceeds of $588,033.
Silver Bullet Mines (OTCQB: SBMCF) announced acquisition of the Columbia Mine and the Gold Queen Mine in Gila County, Arizona, adding twelve contiguous BLM mineral claims less than 30 miles from its Globe, Arizona mill.
The company says mill testing shows material is processable for gold, silver and copper, a DSO buyer contract is in place subject to final analysis, and engineering is underway to expand mill capacity. The purchase was for a small cash payment with no shares or royalty.