Silver Bullet Mines Corp. on October 21, 2022 announced a financing of Units , whereby each Unit consisted of one common share and one common share purchase warrant. Each Unit is priced at $0.20 . Each common share purchase warrant has a 2-year term and is exercisable at $0.30 . SBMI announces the Financing has received conditional stock exchange approval. The Financing will close in tranches as funds are received. A [...]
On September 26, 2022 Silver Bullet Mines Corp. disclosed it had found significant levels of palladium, platinum, rhodium, osmium and gold in its concentrate. On October 18, 2022 SBMI announced a second round of assay results proving up the palladium, platinum, rhodium, osmium and gold in representative mineralized material from its Buckeye Silver Mine near Globe, Arizona. To allow SBMI to exploit the palladium, platinum [...]
On September 26, 2022, Silver Bullet Mines Corp. disclosed it had found significant levels of palladium, platinum, rhodium, osmium and gold in its concentrate. To help identify with greater precision the location of the source of the platinum, palladium, rhodium, osmium and gold, SBMI recently took samples directly from locations around the Buckeye Silver Mine and the Company's mill site, including from crushed material [...]
Silver Bullet Mines Corp. has assayed, among other elements, significant quantities of palladium and gold in the mineralized material from its Buckeye Silver Mine in Arizona. These surprise discoveries are not factored into any of the Company's internal financial projections. This mineralized material was taken from a newly exposed section at the Buckeye. Palladium is currently trading at roughly USD$2,100 per ounce and [...]
Silver Bullet Mines Corp. is pleased to announce two major achievements. It has begun processing higher grade ore at its 100%-owned mill, and it has signed its first contract for the delivery of silver dore bars. "These are major milestones in the Company's growth," said A. John Carter, SBMI's CEO. "In less than a year after starting construction of our mill, we are processing the higher grade material extracted from our [...]
Silver Bullet Mines Corp. is pleased to provide an update on its ongoing operations at its 100%-owned Washington Mine in Idaho. This mine is on patented lands. Site work has commenced to prepare the property for rehabilitation and production. A local portable sawmill operator is on-site to prepare to mill timbers. A contractor has been scheduled to upgrade the access road and to establish site water, electricity and [...]
Silver Bullet Mines Corp. is very pleased to announce it has closed on its debt financing , previously announced on August 11, 2022. The Financing is with SBMI's largest institutional shareholder , pursuant to which SBMI has borrowed CDN$650,000 from the Lender for an 18-month term. The Financing provides for an 8% annual interest rate and a conversion feature, whereby upon conversion the loan may convert into 2,166,667 [...]
Silver Bullet Mines Corp. provides an operational update on the ramp-up of its 125 metric ton per day pilot plant in Arizona, on progress at its Buckeye Silver Mine in Arizona, and on progress at the Washington Mine in Idaho. While processing the lower-grade material from the Buckeye, all components of the Arizona mill continue to perform within parameters. Adjustments continue to be made within those parameters to [...]
Silver Bullet Mines Corp. announces spectacular assay results for silver from its Buckeye Mine in Arizona. The assay results below came from a test carried out by SBMI to further confirm, in practice, the efficiencies with which SBMI's assay lab would process the high-grade ore from the Buckeye Mine. The person who carried out the test in Arizona was Ron Murphy, the Company's VP Mining, together with SBMI's assay team [...]
Silver Bullet Mines Corp. is both pleased and proud to announce it has successfully produced silver and copper at its wholly owned 125 metric ton per day mill near Globe, Arizona. "This production is the result of years of hard work, planning and dedication, and the incredible talents of the Arizona team," said A. John Carter, SBMI's CEO. "Over the past ten months, despite COVID-19 and global supply chain issues, we have [...]
Silver Bullet Mines Corp. announces it has settled a payable to a significant shareholder of the Company in the amount of $70,800 by the issuance of 236,000 common shares at $0.30 cents per share. This shareholder elected to settle the payable by taking equity rather than cash, a strong sign of confidence in SBMI's business plan. Please check the Company's website www.silverbulletmines.com, or follow on Twitter [...]
Silver Bullet Mines Corp. announces it has successfully completed commissioning of its wholly owned 125 MTPD state of the art mill near Globe, Arizona. This is the latest major achievement in progressing towards bulk sampling and silver production. Despite minor delays caused by COVID-19, the commissioning was successfully completed on July 3, 2022. Over the past few weeks all equipment at the mill was test run and [...]
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