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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 (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.
Silver Bullet Mines (OTCQB: SBMCF) has acquired the historic King Tut Gold Mine in Arizona through an arms-length transaction. The 80-acre high-grade gold mine, located on BLM land less than 50 miles from the company's mill in Globe, Arizona, was purchased with minimal cash and no share issuance or royalties.
Historical production reportedly averaged 0.5 oz/ton gold, with peaks of 3 oz/ton. Recent test processing of waste material yielded 0.3 oz/ton gold average with peaks of 1.8 oz/ton and 90% recovery rate. The company plans to process 50 tons per day from King Tut, separate from its Super Champ operations.
Additionally, SBMI issued 1,410,407 shares at $0.15 for interest and extension fees related to a promissory note, totaling $211,561.
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.