Silver Bullet enters deal for KT, SC material shipping

Executive Summary

• Silver Bullet Mines Corp. signed a one-year agreement (with annual renewals) to directly ship material from its KT gold mine and SC silver mine to a major industry client, bypassing the company's own milling operations.
• The agreement covers up to 12,000 tons for calendar 2026, with the client purchasing larger amounts if available. Material will be crushed to a one-fourth-inch product at the mine sites.
• The company also announced the completion of its fourth batch of concentrate (cumulative ~11,500 pounds) and the satisfaction of $62,082 in convertible debenture interest via share issuance.

Key Details

• Agreement Terms: One-year term commencing Dec. 16, 2025, with annual renewals contemplated.
• Counterparty: A large industry participant with low counterparty risk; same client that purchases silver concentrate from the SC mine.
• Volume: Initially up to 12,000 tons for calendar 2026, with provisions for larger purchases if available.
• Processing/Logistics: Material will not be processed through Silver Bullet’s mill. It will be crushed to a one-fourth-inch product at the mine sites and loaded into super sacs or bulk containers.
• Payment Structure:
  • Provisional payment of 80% of estimated value within five days of client receipt of documentation.
  • Final balance paid upon determination of final weights and assays.
  • Pricing based on the mean of daily U.S.-dollar LMBA morning and afternoon quotations for gold and silver at the date of processing.
• Timeline: Shipping anticipated to commence during the first quarter of calendar 2026.
• Capital Expenditure: Acquisition of necessary crushing and loading equipment has begun; equipment is readily available.
• Operational Update: Fourth batch of concentrate is ready for pickup, resulting in a cumulative total of approximately 11,500 pounds of concentrate processed.
• Financial/Debt Update: Incurred interest expense of $62,082 on convertible debentures.
• Debt Settlement Method: Interest satisfied by issuance of 258,675 common shares at $0.24 per share.

Notable Quotes

• "This agreement represents yet another potential significant revenue generator for the company. It is made possible because of the incredible potential of KT and SC mines."
• "Silver Bullet believes this is further confirmation it is expanding the company in a manner that is attracting high-quality long-term clients with aspirations to work together and build a significant mining operation."