Silver Bullet starts Super Champ Ag/Au daily processing

Executive Summary

• Silver Bullet Mines began daily processing of high‑grade silver/gold material from the Super Champ mine at its Globe, AZ mill (≈6 t/h, 8 h/day, 5 days/week).
• The company reports concentrate grades of ~530 oz/ton Ag and 0.52 oz/ton Au, with head grades previously disclosed >28 oz/ton Ag and 89 % recovery.
• A strategic non‑brokered private placement of units raising $1.12 M was announced to fund site work at Super Champ, the King Tut acquisition, Washington Mine advancement, and working capital.

Key Details

• Processing Plan: 6 tons per hour, 8 hours per day, 5 days per week; future expansion to additional shift for increased hours.
• Mill Location: Wholly‑owned mill in Globe, Arizona.
• Concentrate Grades:
• Silver: 530 oz/ton (previously reported head grade >28 oz/ton).
• Gold: 0.52 oz/ton (≈16.16 g/ton) per independent accredited lab assay.
• Recovery Rate: 89 % silver recovery previously disclosed (Nov 12, 2024).
• Off‑take Agreement: All immediate production committed to a third‑party buyer under a firm offer (disclosed July 9, 2025). Initial payment = 90 % of estimated concentrate value within five days of pickup; balance reconciled after verification.
• Adit Safety Work: Timbered 125‑ft lower adit; removed >10,000 tons from upper adit, enabling safe mining from both adits.
• Financing Details:
• Type: Non‑brokered private placement of units.
• Total proceeds: $1,120,800.
• Unit price: $0.21 per unit (premium to market).
• Warrant: Full warrant exercisable at $0.28 for three years.
• Use of proceeds: Complete Super Champ site work, expand King Tut gold mine footprint, advance Washington Mine in Idaho, and general working capital.
• Closing: Placement expected to close immediately upon receipt of funds.

Notable Quotes

(No direct quotes provided in the release.)