Silver Bullet Mines Corp. Announces First Payment From Arizona Operations

Rhea-AI Summary

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.

Positive

• Received first payment for concentrate from Arizona operations
• Completed five shipments of gold/silver concentrate
• Preparing and processing material for a sixth shipment
• Management expects increasing tonnage and grade in future shipments
• Transitioning toward cash-generating operations in Arizona

Negative

• Payment amounts and commercial terms are confidential and undisclosed
• First shipment consisted primarily of waste material, implying lower initial grade
• No revenue, tonnage, or grade figures provided to assess scale

Burlington, Ontario--(Newsfile Corp. - January 30, 2026) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to announce it has received its first payment for concentrate from its Arizona Mining Operations.

The first shipment of gold/silver concentrate consisted primarily of waste material from the KT Mine and SC Mine was received by the Buyer on October 29, 2025. The Company has now completed five shipments of gold/silver concentrate and is currently processing mine material to create the sixth shipment. Management reasonably believes that subsequent shipments should increase in both tonnage and grade. SBMI is transitioning from development and ramp up activities to cash generating operations in Arizona.

"This is a significant step forward for Silver Bullet Mines" said John Carter, CEO. "Commencing cash received from operations validates the work completed to date on the Company's Arizona assets and demonstrates the ability to process material through the production cycle. This is an important milestone in the evolution of the Company."

The Company continues to ship gold/silver concentrate and expects to receive payments on a regular basis as operational conditions, processing schedules, and market factors develop. Details of the payments are confidential and cannot be disclosed at this time.

SBMI remains focused on advancing its assets both in Arizona and Idaho responsibly while creating value for shareholders through disciplined operational execution.

Silver Bullet Mines Corp. is a mining company focused on acquisition, exploration, development, and operation of precious metal properties in North America.

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/282203

FAQ

What did Silver Bullet Mines (SBMCF) announce about Arizona operations on January 30, 2026?

They reported receiving the first payment for gold/silver concentrate and completing five shipments. According to the company, the initial shipment was received by the buyer on October 29, 2025 and the firm is processing material for a sixth shipment.

How many concentrate shipments has SBMCF completed and what comes next?

SBMCF has completed five shipments and is preparing a sixth shipment. According to the company, management expects subsequent shipments to increase in both tonnage and grade as operations scale up.

Does Silver Bullet Mines (SBMCF) disclose payment amounts or commercial terms?

No, payment details and commercial terms are confidential and not disclosed. According to the company, it expects regular payments as operational conditions and market factors permit, but specific figures were withheld.

What does the first payment mean for SBMCF's operational status?

The first payment signals a move toward cash-generating operations from development and ramp-up. According to the company, this validates processing capability and marks an operational milestone for its Arizona assets.

Will SBMCF continue mining and processing in other jurisdictions like Idaho?

Yes, SBMCF remains focused on advancing assets in Arizona and Idaho while creating shareholder value. According to the company, disciplined operational execution will guide continued exploration, development, and production activities across both jurisdictions.