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 Corp (OTCQB: SBMCF, TSXV: SBMI) announced it received its first payment for gold/silver concentrate from its Arizona mining operations and has completed five shipments to date.
The initial shipment was received by the buyer on October 29, 2025; the company is preparing a sixth shipment and expects subsequent shipments to grow in tonnage and grade as it transitions to cash-generating operations.
Payment details remain confidential; management emphasizes continued shipments and advancing assets in Arizona and Idaho while creating shareholder value through disciplined execution.
Silver Bullet Mines (OTCQB: SBMCF) announced discovery of a new potential high‑grade silver/gold zone during development at the KT Mine in Arizona on January 5, 2026. In‑house assays of 12 samples returned 7–27 oz/ton silver with associated gold and lead; third‑party check assays will be submitted for confirmation.
The company has exposed the vein over 200 ft, uncovered an ~8 ft surface vein, removed a roughly 200 ton bulk sample for processing, completed underground development and expects mining to commence this week. Four concentrate shipments have left the mill; a fifth is scheduled.
Silver Bullet Mines (OTCQB: SBMCF) signed a 1-year agreement effective Dec 16, 2025 to direct ship material from the KT Gold Mine and SC Silver Mine, with annual renewals contemplated.
The client will purchase up to 12,000 tons of material for calendar 2026, crushed to 1/8 inch at mine sites and shipped direct; shipping is anticipated to begin in Q1 2026. The company will receive a provisional payment of 80% of estimated shipment value within 5 days of client documentation, with final settlement after weights and assays using the mean of LBMA gold and silver quotations.
Company has begun acquiring equipment to meet crushing/loading specs and reports cumulative concentrate ready for pickup of approximately 11,500 lbs. The company will issue 258,675 common shares/b at to satisfy $62,082 interest on convertible debentures.
Silver Bullet Mines (OTCQB: SBMCF) announced a second shipment of roughly 2,500 pounds of gold/silver concentrate from the KT Gold Mine, following an earlier shipment received by the buyer on October 29, 2025 that included ~4,000 pounds from KT and ~2,000 pounds from the SC Mine.
The company plans additional shipments on an approximate biweekly cadence targeting 2,500–4,000 pounds per shipment, is awaiting the buyer's comparative assays to agree final values, and states initial payment terms are 60 days from refinery receipt while it negotiates subsequent terms.
SBMI received SC Mine concentrates that tested above the lab's detection limits and announced the reappointment of John MacKenzie to the board and issuance of 258,675 shares as interest on outstanding debentures.
Silver Bullet Mines (OTCQB: SBMCF) announced shipment of its first commercial gold and silver concentrate from the KT Mine, picked up October 23, 2025, with payment tied to the Client's final assay. The company said this shipment begins recurring concentrate shipments and plans to increase mill throughput at its 100% owned Globe, Arizona mill via longer hours, process efficiencies and a planned flotation circuit.
Corporate actions: October 2024 convertible debentures were fully converted to shares in 2025, 2,830,000 warrants tied to those debentures and 254,000 other warrants were exercised at $0.16, and 33,333 consultant shares were issued at $0.30 on October 15, 2025.
Silver Bullet Mines (OTCQB: SBMCF) reported significant progress at its KT Mine in Arizona, achieving a substantial increase in concentrate gold grade to 27 ounces per ton. The company discovered visible gold in the latest blast material, with approximately 150-200 tons ready for mill processing. Underground work has yielded a head grade of 0.8 oz/ton gold as of September 25, 2025.
The company has processed roughly 125 tons of blended material, producing over 2 tons of high-grade concentrate. SBMI has completed essential site work including timbering the adit opening, installing ventilation, and making safety improvements. The company plans to use cash flow from KT and SC concentrate sales to upgrade mill capacity and fund exploration programs in Arizona.
Silver Bullet Mines (OTCQB:SBMCF) announced the commencement of Phase Two development at its Washington Mine in Idaho, following a successful summer exploration program. The company completed Phase One in May 2025, which included driving a 12x12 foot adit and establishing underground drill stations.
Phase Two will focus on opening the newly discovered Subrosa Adit for bulk sampling, with the company evaluating proposals for processing, including installing its own modular mill on-site. The exploration program identified multiple gold and silver targets, including the Berger and Lindgren Veins. Additionally, SBMI granted 4,000,000 stock options to officers, directors, and consultants, exercisable at $0.30 with a five-year term.
Silver Bullet Mines (OTCQB: SBMCF) has reported exceptional results from its bulk sample analysis at the KT Mine in Arizona. The company's concentrate samples, analyzed by ISO-accredited ActLabs, yielded remarkable values of up to 23.6 oz/ton gold and 28 oz/ton silver, with 48% lead content and no significant deleterious elements.
Following the July 2025 acquisition of the KT Mine, SBMI processed approximately 50 tons from a 400-ton waste material pile, which initially showed values averaging 0.3 oz/ton gold and peaks of 1.8 oz/ton gold. The company has improved site access, secured the area, and opened an existing adit, with the vein structure traced for over 1,000 feet to date.
Additionally, SBMI is expanding its mill capacity and awaiting third-party analysis results from the Super Champ Mine. The company has also completed a convertible note conversion to equity, resulting in the issuance of 2.91 million shares.
Silver Bullet Mines (OTCQB: SBMCF) has provided updates on its Washington Mine exploration program in Idaho and announced the closure of a strategic financing round. The company has identified historical high-grade gold workings and is currently mapping the original discovery zone. The Subrosa Adit, historically reported to contain 32 oz/ton silver and 0.13 oz/ton gold over 65 feet, is being reopened for sampling.
The company has completed a strategic financing of $1,424,250 by issuing 6,782,143 units at $0.21 per unit, with each unit including one common share and a warrant exercisable at $0.28 for three years. The proceeds will fund work at Super Champ, expand the King Tut Gold Mine, advance the Washington Mine, and provide working capital.
Silver Bullet Mines (OTCQB: SBMCF) has initiated daily processing of high-grade silver and gold mineralized material from its Super Champ Mine in Arizona. The company's wholly-owned mill in Globe, Arizona will process over six tons per hour for eight hours per day, five days per week.
Key operational metrics include a head grade exceeding 28 oz/ton silver with 89% recovery and concentrate grade of 530 ounces per ton silver. Gold content in the concentrate was independently assayed at 0.52 ounces (16.16 grams/ton). The company has secured a buyer with a Firm Offer providing 90% payment within 5 days of pickup.
Additionally, SBMI has secured a strategic financing of $1,120,800 through a private placement at $0.21 per Unit with warrants at $0.28, aimed at expanding operations across its mining portfolio.