SILVER BULLET MINES CORP - SBMCF STOCK NEWS

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Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) is a mining company headquartered in Burlington, Ontario, operating a mill near Globe, Arizona. The company has been actively processing mineralized material from the Buckeye Silver Mine, with muck assays as high as 8 ounces per ton and vein assays up to 480 ounces per ton silver. SBMI's strategic partnership with Countryman Investments Limited aims to provide financial stability and business opportunities. Recent developments include test processing of silver material, the closure of a debenture financing, and ongoing work at the Buckeye Silver Mine and Washington Mine. SBMI's focus on efficient production and revenue generation demonstrates its commitment to growth and operational excellence.

05/14/2024 08:05 AM

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Silver Bullet Mines Announces Closing on Debenture

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Silver Bullet Mines (TSXV: SBMI, OTCQB: SBMCF) has successfully closed a debenture financing amounting to $940,000 as of May 14, 2024. A commission fee of $6,450 was paid, and 53,750 broker warrants were issued. The funds will be used to advance operations at the Buckeye Silver Mine in Arizona, commence work at the Washington Mine in Idaho, and for general working capital. Progress at the Buckeye Silver Mine is on schedule and within budget. The company is also processing material from a third-party historical mine site and plans to publish more data soon. Additionally, SBMI extended a previous debenture, now due June 30, 2024, with an 11% annual interest rate.

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05/02/2024 04:05 PM

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Silver Bullet Mines Commences Processing of Third Party Silver Material

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Silver Bullet Mines Corp. has begun processing third-party silver material at its Arizona plant, sourced from a property with high-grade silver ores. Initial results show promising numbers with efficient processing methods, potentially leading to a cost-effective production of silver bars. The company is also evaluating the property hosting the material for potential acquisition. SBMI is utilizing its efficient mill and assay complex to generate revenue while preparing for mining at Buckeye Silver Mine. The PR highlights the positive impact on production efficiencies and revenue generation for SBMI.

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04/08/2024 08:00 AM

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Silver Bullet Mines Announces Strategic Business Alliance and $1 Million Debenture Financing

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Silver Bullet Mines Corp. (SBMCF) announces a strategic business agreement with Countryman Investments , providing financial stability and mining opportunities. The Agreement includes issuing a convertible debenture up to $1,000,000.00 with detachable warrants. Countryman's principal, Mr. Dave Richardson, joins SBMI's advisory board. The Agreement aims to support SBMI's operations at the Buckeye Silver Mine in Arizona and the Washington Mine in Idaho.

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02/22/2024 10:19 AM

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Silver Bullet Mines Continues Production at its Arizona Mill

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Silver Bullet Mines Corp. (SBMCF) announces the continuation of operations at its mill near Globe, Arizona, with high-grade mineralized material. The company plans to process the material into dore bars, establish production targets, and fulfill orders. Extension agreements have been reached for land hosting and debenture payments. SBMCF is focused on mining, processing, and exploration.

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02/05/2024 08:00 AM

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Silver Bullet Mines Assays 480 Ounces per Ton Silver (14,929 Grams/ Ton) from Vein in New Zone1

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Silver Bullet Mines Corp. (SBMCF) announces assay results from its last blast prior to MSHA inspection and training, indicating high-grade silver mineralization. The company has seen an increase in the grade of the muck assays and expects this to continue. MSHA training has been completed and approved, with plans to commence production upon the necessary changes. The company is pleased with the improvement in head grade at the mine and the successful completion of MSHA training.

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01/23/2024 11:47 AM

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Silver Bullet Receives MSHA Approval

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Silver Bullet Mines Corp. (SBMCF) has received approval for its mine training program from the Mine Safety and Health Association, marking a significant step in its transformation to a silver producing company. The approval covers both underground and surface operations, with the field team in Arizona currently undergoing the annual training program. The company aims to address safety-related items, develop the higher-grade Zone1, and commence commercial operations in the near future.

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12/11/2023 01:52 PM

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Silver Bullet Proves up Silver in Zone1 with Successful Bulk Sample and Produces 334 ounces per ton (11,451.5 grams/tonne) Silver Concentrate

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Silver Bullet Mines Corp. (SBMI) announced the successful processing of a bulk sample of mixed mineralized material from Zone1 at the Buckeye Silver Mine. The 40-ton sample confirmed high-grade silver nature, recovery rates, and the mill's ability to process a large amount of material from Zone1. The concentrates averaged 24.2 ounces per ton (829.7 grams/tonne) silver, with a high-grade line of 334 ounces per ton (11,451.5 grams/tonne) recovered. The next step involves magnetic separation of the concentrates to remove iron and PGMs, followed by pouring of silver dore bars. The Company plans to commence processing Zone1 materials on a larger scale, while continuing to stockpile material from Zone1 at the minesite. Mining continues in Zone1, with water noted in recent drill holes, indicating a potential alteration in silver grade.

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12/08/2023 08:00 AM

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Silver Bullet Announces Milling Update and Extension of Financing

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Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) has applied for an extension of 30 days price protection to complete further subscriptions for the private placement originally announced in October 2023. The company has begun processing mineralized material from the new Zone1 at the Buckeye Silver Mine and granted options to officers, directors, and consultants. Assay results from the bulk sample are anticipated within a week or so.

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11/30/2023 02:24 PM

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Silver Bullet Announces John Kontak has Joined the Board, and Provides an Update on Continuing Silver Processing

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Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) announces the appointment of Mr. John Kontak to its board of directors. The company also reports the shipping of mineralized material from Zone1 at the Buckeye Mine to the mill has begun. Continual sampling and assaying will take place at all stages of the milling process to determine the best blend of material to attain the highest recovery rates and to make the necessary adjustments to the process. The company continues to mine at Zone1 at the Buckeye, with samples showing promising silver content.

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11/27/2023 08:00 AM

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Silver Bullet Announces Assay Results of up to 24.2 oz/ton Silver from Zone1 and the Commencement of Milling

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Silver Bullet Mines Corp. (SBMI) announces high-grade silver results with up to 24.2 oz/ton silver from new muck piles and directly from the vein. The Company is moving to the next stage in the development of Zone1, expecting the grade to increase further in future blasts. This is significant as it validates the interpretation of historical and current data, supporting the theory of grade increase. The Company believes Zone1 could contain a significant quantity of silver and other metals, intending to continue drilling and blasting. A third party plans to send 900 pounds of gold concentrate to SBMI's mill for processing into a higher purity product. SBMI is working with a transport company to arrange transportation to the mill. However, readers are cautioned that the samples may not be representative of the Buckeye Mine as a whole.

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FAQ

What is the current stock price of SILVER BULLET MINES (SBMCF)?

The current stock price of SILVER BULLET MINES (SBMCF) is $0.08395 as of December 20, 2024.

What is the market cap of SILVER BULLET MINES (SBMCF)?

The market cap of SILVER BULLET MINES (SBMCF) is approximately 6.6M.

What is Silver Bullet Mines Corp.'s core business?

Silver Bullet Mines Corp. is a mining company operating a mill near Globe, Arizona, focused on processing mineralized material from the Buckeye Silver Mine.

What recent achievements has Silver Bullet Mines Corp. announced?

Recent achievements include forming a strategic partnership with Countryman Investments Limited, closing a debenture financing, and ongoing work at the Buckeye Silver Mine and Washington Mine.

What are some key partnerships of Silver Bullet Mines Corp.?

Silver Bullet Mines Corp. has a strategic business agreement with Countryman Investments Limited, providing financial support and business opportunities.

How does Silver Bullet Mines Corp. generate revenue?

Silver Bullet Mines Corp. generates revenue by processing mineralized material from various mining sites, producing silver dore bars, and potentially acquiring past producing silver mines.

What sets Silver Bullet Mines Corp. apart in the mining industry?

Silver Bullet Mines Corp.'s focus on operational efficiency, revenue generation through processing various mineralized materials, and commitment to growth and excellence set it apart in the mining industry.