Silver Bullet Mines Announces Second Shipment of Commercial Gold/Silver Concentrate
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) ha annunciato una seconda spedizione di circa 2.500 libbre di concentrato oro/argento proveniente dalla KT Gold Mine, dopo una prima spedizione ricevuta dall'acquirente il 29 ottobre 2025 che includeva circa 4.000 libbre da KT e circa 2.000 libbre dalla Miniera SC.
L'azienda prevede spedizioni aggiuntive con una cadenza approssimativamente bisettimanale mirate a 2.500–4.000 libbre per spedizione, attende i suoi saggi comparativi per concordare i valori finali e afferma che i termini di pagamento iniziali sono 60 giorni dalla ricezione in refineria, mentre negozia i termini successivi.
SBMI ha ricevuto concentrati della Miniera SC che hanno superato i limiti di rilevamento del laboratorio e ha annunciato la rielezione di John MacKenzie nel consiglio di amministrazione e l’emissione di 258.675 azioni come interessi su debentures in sospeso.
Silver Bullet Mines (OTCQB: SBMCF) anunció un segundo envío de aproximadamente 2.500 libras de concentrado de oro/plata procedente de la Mina KT Gold, tras un primer envío recibido por el comprador el 29 de octubre de 2025 que incluía ~4.000 libras de KT y ~2.000 libras de la Mina SC.
La compañía planea envíos adicionales con una cadencia aproximadamente quincenal, con destino a 2.500–4.000 libras por envío, y está a la espera de los ensayos comparativos del comprador para acordar los valores finales; además, señala que los términos de pago iniciales son de 60 días desde la recepción en la refinería mientras negocia los términos siguientes.
SBMI recibió concentrados de la Mina SC que superaron los límites de detección del laboratorio y anunció la reelección de John MacKenzie a la junta y la emisión de 258.675 acciones como interés de bonos pendientes.
Silver Bullet Mines (OTCQB: SBMCF)는 KT 광산에서 나온 약 2.500파운드의 금/은 집중광석의 두 번째 선적을 발표했습니다. 이는 이전에 구매자에게 전달된 2025년 10월 29일의 선적에 이어 KT에서 약 4.000파운드와 SC 광산에서 약 2.000파운드를 포함한 선적에 이은 것입니다.
회사는 매 선적당 약 2.500–4.000파운드를 목표로 하는 대략 격주 배송을 추가로 계획하고 있으며, 최종 가치를 합의하기 위해 구매자의 비교 분석을 기다리고 있고 초기 지급 조건은 제련소 수령일로부터 60일이며 이후 조건을 협상 중이라고 밝혔습니다.
SBMI는 SC 광산의 농축물이 실험실의 검출 한계를 초과하여 테스트되었음을 확인했고, 이사회에 John MacKenzie의 재임명을 발표했으며 미지급 채권에 대한 이자로 258,675주를 발행했다고 발표했습니다.
Silver Bullet Mines (OTCQB : SBMCF) a annoncé une deuxième expédition d'environ 2.500 livres de concentré d'or/argent en provenance de la mine KT Gold, après une première expédition reçue par l'acheteur le 29 octobre 2025 comprenant ~4.000 livres de KT et ~2.000 livres de la mine SC.
L'entreprise prévoit des envois supplémentaires à cadence bihebdomadaire approximative visant 2.500–4.000 livres par expédition, attend les analyses comparatives de l'acheteur pour convenir des valeurs finales et indique que les conditions de paiement initiales sont de 60 jours à partir de la réception par le raffineur, tandis qu'elle négocie les conditions ultérieures.
SBMI a reçu les concentrés de la mine SC qui ont dépassé les limites de détection du laboratoire et a annoncé la réélection de John MacKenzie au conseil d'administration et l'émission de 258.675 actions en tant qu'intérêts sur des débentures en suspens.
Silver Bullet Mines (OTCQB: SBMCF) hat eine zweite Lieferung von etwa 2.500 Pfund Gold-/Silberkonzentrat aus dem KT-Minenwerk angekündigt, nach einer früheren Lieferung, die der Käufer am 29. Oktober 2025 erhalten hat und die ca. 4.000 Pfund von KT und ca. 2.000 Pfund aus der SC-Mine umfasste.
Das Unternehmen plant zusätzliche Lieferungen in einem ungefähren zweiwöchentlichen Rhythmus mit dem Ziel von 2.500–4.000 Pfund pro Lieferung, wartet auf vergleichende Prüfberichte des Käufers, um finale Werte zu vereinbaren, und gibt an, dass die anfänglichen Zahlungsbedingungen 60 Tage ab Erhalt in der Raffinerie betragen, während es die nachfolgenden Bedingungen aushandelt.
SBMI erhielt SC-Mine-Konzentrat, das über die Nachweisgrenzen des Labors lag, und kündigte die Wiederbestellung von John MacKenzie in den Vorstand sowie die Ausgabe von 258.675 Aktien als Zinsen auf ausstehende Anleihen an.
Silver Bullet Mines (OTCQB: SBMCF) أعلنت عن شحنة ثانية تقارب 2.500 رطل من تركيز الذهب/الفضة من منجم KT Gold، وذلك عقب شحنة سابقة استلمها المشتري في 29 أكتوبر 2025 شملت نحو 4.000 رطل من KT ونحو 2.000 رطل من منجم SC.
تخطط الشركة لشحنات إضافية بمعدل نصف شهري تقريبي تستهدف 2.500–4.000 رطل لكل شحنة، وتنتظر تحاليل مقارنة من المشتري للاتفاق على القيم النهائية، وتذكر أن شروط الدفع الأولية هي 60 يوماً من الوصول إلى المصفي أثناء تفاوضها على الشروط اللاحقة.
تلقّت SBMI مركّزات من منجم SC تجاوزت حدود اكتشاف المختبر وأعلنت عن إعادة تعيين John MacKenzie في المجلس وإصدار 258.675 سهماً كفوائد على ديون قائمة.
- Second shipment of approximately 2,500 lb concentrate scheduled
- Previous shipment delivered on Oct 29, 2025 (KT + SC material)
- Company targeting ongoing biweekly shipments of concentrate
- SC concentrate samples tested above lab detection limits
- Initial payment to SBMI delayed until 60 days after refinery receipt
- Company will deprioritize additional SC Mine processing for now
- Issued 258,675 shares as debenture interest (share dilution)
Burlington, Ontario--(Newsfile Corp. - November 17, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to announce the first batch of what it believes to be high grade gold/silver concentrates, processed from surface material taken from the KT Gold Mine in Arizona, was received by the Buyer on October 29. This shipment comprised of roughly 4000 pounds of concentrate from the KT Gold Mine.
This first shipment also included 2000 pounds of concentrate processed from material taken from the SC Mine in Arizona.
SBMI announces a second shipment of gold/silver concentrates processed from surface material taken from the KT Gold Mine in Arizona, is scheduled to be picked up this week at the Company's mill site in Globe, Arizona. This second shipment, a picture of which is below, consists of roughly 2500 pounds of concentrate.
Second Shipment of Concentrate from KT Material Awaiting Pickup
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The Company has begun processing further surface material from the KT Gold Mine to support a third shipment of concentrate. The Company intends to continue processing material from the KT Gold Mine in amounts sufficient to make additional shipments on as close to a biweekly schedule as possible, with each shipment intended to range from roughly 2500 pounds to roughly 4000 pounds of concentrate.
As to the grade of such concentrates, the Company is awaiting the Buyer's comparative assay results so the Company and the Buyer can agree upon the precise value of such shipments.
Pursuant to the terms of agreement with the Buyer, on initial shipments payment to SBMI will be made 60 days from date of receipt at the refinery. The Company is negotiating payment terms for subsequent shipments.
With respect to the concentrate produced from the SC Mine, SBMI announces it has finally received the initial assay results from the independent lab. Extremely positive for the Company is that all of the concentrate samples tested returned values over the detection limits, which means the results were higher than the highest numbers in the lab's testing parameters. Additional samples need be provided to the lab so that different tests can be run to determine with greater precision the contents of the concentrate. At this time, the Company sees greater value in concentrate produced from material taken from the KT Mine, and will not be directing significant resources to produce additional concentrate from SC Mine material. The SC Mine is being maintained in good standing and will be revisited at an appropriate time.
Line on the Shaker Table on Nov 15/25 from KT Mine material
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As a result of queries from a number of investors, SBMI would like to provide clarification of its processes and determination of the amount of concentrates it produces for shipment.
The Company strives to produce the highest grades possible for each ton of concentrate shipped. By doing so, it avoids additional extra refining and smelting fees along with additional transportation and handling costs. The concentration ratio of the input (initial host rock) to the output (concentrate) is different for each mine. The Company does not yet have enough data to advise what it believes the concentration ratio could be for the KT Mine.
Mineralized material from the mines is processed through the Company's mill using gravitational processes which cause metal with a higher specific gravity (like gold and silver) to separate from the host material within which it is contained. The output from that process is mineral concentrate (gold or silver in SBMI's case). The important factor is not the number of tons of concentrates but the grade of the material in the original host material.
Using an example set of parameters it may make this easier to understand. Any of the numbers in this analysis are not to be considered in any way to be representative of actual tonnage or grade. They are for illustrative purposes only.
Assume 100 tons of original mineralized material from the KT Mine contained a head grade of .3 oz of gold per ton. This would mean there are 30 ounces of gold in the 100 tons of original mineralized material. Also assume a
SBMI reiterates that it is important to keep in mind the key factor is not the number of tons of concentrate produced. Rather, the key factor is the gold grade in the original host material and thus the gold grade in the concentrate.
The Company reiterates that the figures above are for demonstration purposes only, should not be used as an indication of head grade or potential cash receivable, and are extremely simplistic for the complex field of metallurgy.
SBMI trusts this helps explain the mill process in Arizona and provides clarity to that process.
SBMI also announces John MacKenzie has rejoined the board of directors. Mr. MacKenzie is an experienced Chief Executive Officer, CFO and Director with a demonstrated history of working in the mining and metals industry. He is skilled in Operations Management and Governance, and as a chartered accountant is financially literate. He is a Life Member of CPA Ontario. He will join the Company's Audit Committee.
The Company also announces it has issued 258,675 shares as payment of interest pursuant to the previously announced terms of outstanding debentures.
For further information:
John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that may constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global pathogen; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the exploration for and the production and processing of mineralized material; the results of exploration and development activities; the results of mining and mill operations; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's properties; risks of future legal proceedings; income tax and tariff matters; fires, floods, snowfall, spring thaw and other natural phenomena; the rate of inflation; counterparty risk with respect to any buyer of the Company's products; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274833
FAQ
What did Silver Bullet Mines (SBMCF) announce on November 17, 2025?
How much concentrate did SBMI ship to the buyer on October 29, 2025?
When will SBMI receive payment for initial concentrate shipments (SBMCF)?
What are SBMI's planned shipment frequency and size for KT concentrate?
What did lab assays show for the SC Mine concentrate for SBMCF?
Did Silver Bullet Mines make any board or capital changes in the November 17, 2025 release?
