Silver Bullet Mines Commences Daily Processing of Super Champ High Grade Silver/Gold in Arizona
Rhea-AI Summary
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.
Positive
- High-grade silver concentrate of 530 ounces per ton with additional gold content of 0.52 ounces per ton
- Secured buyer agreement with 90% upfront payment within 5 days of pickup
- Successfully raised $1,120,800 in strategic financing at premium to market price
- Strong operational metrics with 89% silver recovery rate
- Processing capacity of over six tons per hour with planned expansion to multiple shifts
Negative
- Significant capital expenditure required for mine preparation with over 10,000 tons of material moved
- Current operations limited to single shift, potentially constraining production capacity
- Dependent on third-party buyer for all immediate production
News Market Reaction
On the day this news was published, SBMCF gained 13.10%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Burlington, Ontario--(Newsfile Corp. - August 15, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has commenced daily processing of what it reasonably believes to be high-grade silver and gold mineralized material from the Super Champ Mine in Arizona.
The material is being processed at the Company's wholly owned mill in Globe, Arizona. The Company intends to process over six tons per hour for eight hours per day, five days per week, to produce silver and gold concentrate (see photo below of concentrate line on the shaker table). The Company plans to in the near future increase the number of hours for the mill to be in production through the addition of another shift. The Company intends that material on an ongoing basis will be extracted from the mine and transported to the mill site for processing.
Concentrate Line on Shaker Table
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8464/262621_53875bf024794be8_001full.jpg
SBMI previously reported the head grade of the material as being over 28 oz/ton silver and recovery at
All immediate production from the Super Champ Mine is committed to a third party buyer pursuant to a Firm Offer disclosed by the Company on July 9, 2025. The Firm Offer provides for an initial payment equal to
To ensure the adits were safe, the Company timbered the entire 125 foot lower adit and moved over 10,000 tons of material from the upper adit (see photo below of timber in lower adit). SBMI can now safely move forward with mining from both adits.
Timber in the lower adit
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https://images.newsfilecorp.com/files/8464/262621_53875bf024794be8_002full.jpg
To complete the site work at the Super Champ, to expand the King Tut Gold Mine footprint (SBMI's latest property acquisition), to advance the Washington Mine in Idaho, and for general working capital, the Company has entered into a strategic financing. The financing is by way of a nonbrokered private placement of Units. The participants have agreed to provide funds of
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 matters; fires, floods 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/262621
FAQ
What is the silver grade at Silver Bullet Mines' Super Champ Mine (SBMCF)?
How much material can Silver Bullet Mines process daily at its Arizona facility?
What are the terms of SBMCF's latest financing round in 2025?
How does Silver Bullet Mines' concentrate payment structure work?
What is the gold content in Silver Bullet Mines' Super Champ concentrate?
