Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (“SBMI” or the “Firm”) is happy to announce it has shipped its first business amount of gold and silver focus, it has retired vital convertible debt devices, and it has acquired funds from the train of warrants.
The excessive grade gold/silver focus from the KT Mine in Arizona was picked up from the millsite Thursday October 23,, 2025 for transport to the Consumer. That is the primary of what’s anticipated to be frequent scheduled shipments. There aren’t any tariff points anticipated with this cargo.
SBMI has invoiced the Consumer for the worth of the focus based mostly upon SBMI’s inside assay outcomes. The Firm and the Consumer have agreed that for this primary cargo, cost on that bill will probably be made to SBMI upon receipt of ultimate assays from the Consumer’s assay facility. Ought to there be any vital discrepancies between SBMI’s assay outcomes and the Consumer’s, remaining adjustment of the bill will probably be based mostly upon an umpire assay outcome; nonetheless, the Firm doesn’t anticipate vital modifications within the quantity of the bill upon remaining willpower.
This represents vital income to the Firm. As SBMI CEO A. John Carter stated, “We’ve got all the time stated that SBMI is just not within the enterprise of creating holes within the floor. We’re within the enterprise of promoting silver and gold. And we’re there.”
SBMI could be very happy to have reached this monumental stage of improvement. The Firm continues to course of materials from the KT Mine and anticipates making focus shipments regularly. The Firm plans to extend the amount and frequency of shipments over time.
SBMI intends to extend the fabric processed each day via its 100% owned mill in Globe, Arizona by increasing working hours and thru course of efficiencies. The Firm can be working intently with its engineering group to broaden the mill capability and to assemble a flotation circuit to recuperate further metals together with sulphide gold and silver. The Firm is worked up to have reached this goal and can now give attention to growing restoration, enlargement of its mill, and improvement of the KT Mine.
The Firm can be happy to advise that convertible debentures that had been issued in October, 2024 have been totally transformed to shares. This considerably reduces the debt on the Firm’s steadiness sheet. That is the second debenture conversion in 2025, following the conversion of convertible debentures that had been issued in Could, 2024.
As well as, 2,830,000 warrants issued with the convertible debentures in October, 2024 have been exercised in addition to 254,000 warrants issued with non-public placements, each units at a strike value of $0.16. That is fairly encouraging because it gives the Firm with further working capital and exhibits a excessive degree of help for its enterprise mannequin.
SBMI is thrilled with the progress it’s making and is assured that this success will proceed, with income to develop via improvement of its properties and utilization of all accessible assets to advertise most income era whereas conserving prices below management.
Lastly, SBMI entered into an settlement with a advisor dated December 1, 2023, whereby the advisor would supply consulting providers to SBMI for a interval of thirty-six months at $10,000 per thirty days, payable in frequent shares from SBMI’s treasury. SBMI advises that pursuant to this settlement it has issued thirty-three thousand 300 thirty-three frequent shares at $0.30 dated October 15, 2025.
Cautionary and Ahead-Wanting Statements
This information launch incorporates sure statements which will represent forward-looking statements as they relate to SBMI and its subsidiaries. Ahead-looking statements usually are not historic info however symbolize administration’s present expectation of future occasions, and might be recognized by phrases resembling “consider”, “expects”, “will”, “intends”, “plans”, “initiatives”, “anticipates”, “estimates”, “continues” and comparable expressions. Though administration believes that the expectations represented in such forward-looking statements are affordable, there might be no assurance that they may show to be right.
By their nature, forward-looking statements embrace assumptions and are topic to inherent dangers and uncertainties that might trigger precise future outcomes, circumstances, actions or occasions to vary materially from these within the forward-looking statements. If and when forward-looking statements are set out on this new launch, SBMI may also set out the fabric danger elements or assumptions used to develop the forward-looking statements. Besides as expressly required by relevant securities legal guidelines, SBMI assumes no obligation to replace or revise any forward-looking statements. The long run outcomes that relate to forward-looking statements could also be influenced by many elements, together with however not restricted to: the affect of SARS CoV-2 or another international pathogen; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the worldwide provide chain for supplies for SBMI to make use of within the exploration for and the manufacturing and processing of mineralized materials; the outcomes of exploration and improvement actions; the outcomes of mining and mill operations; shareholder and regulatory approvals; actions and attitudes of communities native to the situation of the SBMI’s properties; dangers of future authorized proceedings; revenue tax and tariff issues; fires, floods, snowfall, spring thaw and different pure phenomena; the speed of inflation; counterparty danger with respect to any purchaser of the Firm’s merchandise; availability and phrases of financing; distribution of securities; commodities pricing; foreign money actions, particularly as between the USD and CDN; impact of market rates of interest on value of securities; and, potential dilution. SARS CoV-2 and different potential international pathogens create dangers that right now are immeasurable and unimaginable to outline.
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