Silver Bullet Mines Corp. Announces Initial Order of Silver Concentrate and Attains Targeted Production Rate at Processing Mill
Silver Bullet Mines Corp. (SBMCF) has achieved a significant milestone by shipping its first order of silver concentrate processed from the Super Champ mine in Arizona. The company has successfully reached and maintained its targeted production rate of 6-7 tons per hour at its 100% owned mill in Globe, Arizona.
The company currently has approximately 3,000 tons of material stockpiled at the mine and mill, representing about 60 days of processing capacity. SBMI is transitioning from processing lower-grade material to higher-grade material, which is expected to increase the silver grade in the concentrate. To support increased production, the company has purchased a larger excavator with double the capacity of the current rental unit and a larger well pump.
The company recently closed a financing on February 18, 2025, issuing 597,300 finders warrants with a three-year term, exercisable at sixteen cents to arm's length parties.
Silver Bullet Mines Corp. (SBMCF) ha raggiunto un traguardo significativo spedendo il suo primo ordine di concentrato d'argento lavorato dalla miniera Super Champ in Arizona. L'azienda è riuscita a raggiungere e mantenere il tasso di produzione target di 6-7 tonnellate all'ora presso il suo impianto di proprietà al 100% a Globe, Arizona.
Attualmente, l'azienda ha circa 3.000 tonnellate di materiale accumulato presso la miniera e l'impianto, che rappresentano circa 60 giorni di capacità di lavorazione. SBMI sta passando dalla lavorazione di materiale di qualità inferiore a materiale di qualità superiore, il che dovrebbe aumentare il grado d'argento nel concentrato. Per supportare l'aumento della produzione, l'azienda ha acquistato un escavatore più grande con una capacità doppia rispetto all'unità attuale in affitto e una pompa per pozzi più grande.
L'azienda ha recentemente concluso un finanziamento il 18 febbraio 2025, emettendo 597.300 warrant per cercatori con un termine di tre anni, esercitabili a sedici centesimi da parti estranee.
Silver Bullet Mines Corp. (SBMCF) ha logrado un hito significativo al enviar su primer pedido de concentrado de plata procesado de la mina Super Champ en Arizona. La empresa ha alcanzado y mantenido su tasa de producción objetivo de 6-7 toneladas por hora en su molino de propiedad al 100% en Globe, Arizona.
Actualmente, la empresa tiene aproximadamente 3,000 toneladas de material acumulado en la mina y el molino, lo que representa alrededor de 60 días de capacidad de procesamiento. SBMI está haciendo la transición de procesar material de menor calidad a material de mayor calidad, lo que se espera que aumente el grado de plata en el concentrado. Para apoyar el aumento de la producción, la empresa ha comprado un excavador más grande con el doble de capacidad que la unidad de alquiler actual y una bomba de pozo más grande.
La empresa cerró recientemente un financiamiento el 18 de febrero de 2025, emitiendo 597,300 warrants de buscadores con un plazo de tres años, ejercitables a dieciséis centavos por partes independientes.
실버 불릿 마인스 주식회사 (SBMCF)는 애리조나의 슈퍼 챔프 광산에서 가공된 첫 번째 은 농축물 주문을 발송하여 중요한 이정표를 달성했습니다. 이 회사는 애리조나 글로브에 있는 100% 소유의 공장에서 시간당 6-7톤의 목표 생산 속도를 성공적으로 달성하고 유지하고 있습니다.
현재 회사는 광산과 공장에 약 3,000톤의 자재를 비축하고 있으며, 이는 약 60일의 가공 용량을 나타냅니다. SBMI는 저품질 자재의 가공에서 고품질 자재로 전환하고 있으며, 이는 농축물의 은 함량을 증가시킬 것으로 예상됩니다. 생산 증가를 지원하기 위해, 회사는 현재 임대 중인 장비의 두 배 용량을 가진 더 큰 굴착기와 더 큰 우물 펌프를 구입했습니다.
회사는 2025년 2월 18일에 자금을 조달하며 597,300개의 탐색자 워런트를 발행하여 3년의 기간을 두고 독립적인 당사자에게 16센트에 행사할 수 있도록 했습니다.
Silver Bullet Mines Corp. (SBMCF) a atteint une étape importante en expédiant sa première commande de concentré d'argent traité à partir de la mine Super Champ en Arizona. L'entreprise a réussi à atteindre et à maintenir son taux de production cible de 6-7 tonnes par heure dans son usine entièrement détenue à Globe, en Arizona.
Actuellement, l'entreprise dispose d'environ 3 000 tonnes de matériel stocké à la mine et à l'usine, ce qui représente environ 60 jours de capacité de traitement. SBMI est en train de passer de la transformation de matériaux de moindre qualité à des matériaux de meilleure qualité, ce qui devrait augmenter le grade d'argent dans le concentré. Pour soutenir l'augmentation de la production, l'entreprise a acheté un excavateur plus grand avec une capacité double par rapport à l'unité de location actuelle et une pompe de puits plus grande.
L'entreprise a récemment conclu un financement le 18 février 2025, en émettant 597 300 bons de recherche avec une durée de trois ans, exerçables à seize cents par des parties indépendantes.
Silver Bullet Mines Corp. (SBMCF) hat einen bedeutenden Meilenstein erreicht, indem es seine erste Bestellung von Silberkonzentrat, das aus der Super Champ Mine in Arizona verarbeitet wurde, versendet hat. Das Unternehmen hat erfolgreich die angestrebte Produktionsrate von 6-7 Tonnen pro Stunde in seiner 100% eigenen Mühle in Globe, Arizona, erreicht und aufrechterhalten.
Derzeit hat das Unternehmen etwa 3.000 Tonnen Material an der Mine und in der Mühle gelagert, was etwa 60 Tage Verarbeitungs Kapazität entspricht. SBMI wechselt von der Verarbeitung von Material niedrigerer Qualität zu Material höherer Qualität, was voraussichtlich den Silbergehalt im Konzentrat erhöhen wird. Um die erhöhte Produktion zu unterstützen, hat das Unternehmen einen größeren Bagger mit der doppelten Kapazität des aktuellen Mietgeräts und eine größere Brunnenpumpe gekauft.
Das Unternehmen hat kürzlich am 18. Februar 2025 eine Finanzierung abgeschlossen und 597.300 Sucher-Warrants mit einer Laufzeit von drei Jahren ausgegeben, die zu sechzehn Cent von unabhängigen Parteien ausgeübt werden können.
- First revenue generation from silver concentrate shipment
- Achieved target production rate of 6-7 tons/hour
- 60-day material stockpile (3,000 tons) secured
- Transitioning to higher-grade material processing
- Equipment capacity expansion with new excavator and pump
- Currently processing lower-grade material
Burlington, Ontario--(Newsfile Corp. - February 27, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") announces it has shipped its first order of silver concentrate processed from material from the Super Champ in Arizona. The Company expects further shipments to this same customer as further concentrate is generated, eventually reaching a goal of regular deliveries against regular payments.
John Carter, SBMI's CEO, said, "This revenue generation has been the goal since SBMI started work. The developments of the last few months, the success of our recently closed financing, this first shipping of concentrate, and the first generation of revenue is the cumulation of much hard work by so many people. The surprise gold values provide a large upside for the shareholders. We are confident that this will only get better from here."
At its
The Company has roughly 3,000 tons of material on the ground at the mine and at the mill, representing roughly sixty days of processing. A video of the mill in operation can be viewed at www.silverbulletmines.com.
To maintain and further increase production rate the Company has purchased a larger excavator with twice the capacity of the rental unit currently being used at the Super Champ for the removal of material. The Company has also purchased a larger well pump to provide additional water for the increase in volume required for the higher throughput of material at the mill. With the revenue generation milestone being reached the Company is also contemplating increasing the hours of operation at its mine and mill facilities.
With respect to the financing closed on February 18, 2025, the Company announces it issued 597,300 finders warrants having a term of three years exercisable at sixteen cents to arm's length parties.
For further information, please contact:
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 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 virus; 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 production and processing of ore; 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; 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/242729
FAQ
What production rate has SBMCF achieved at its Globe, Arizona mill?
How much material stockpile does SBMCF currently have?
What equipment upgrades has SBMCF recently made for production?
What financing terms were announced in SBMCF's February 2025 warrant issuance?
