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GOLD 4387.50 +1.3% SILVER 63.42 −0.7% COPPER 6.44 −0.0% OIL 102.43 −3.2% PALLADIUM 1285.50 −1.3% NIO 0.155 +3.3% REX 0.235 +0.0% PAAS 66.47 −1.4% WGF 0.190 +18.8% NAM 0.205 −2.4% EMO 0.360 +0.0% ATX 2.29 −1.7% WDO 33.24 −1.8% ETL 1.00 −1.0% LIF 25.64 +0.6% ZAC 0.055 −8.3% PML 1.57 +0.6% HHH 5.33 +1.8% AAZ 0.040 +14.3% GLO 0.710 +44.9% AUEN 0.240 −5.9% GOLD 4387.50 +1.3% SILVER 63.42 −0.7% COPPER 6.44 −0.0% OIL 102.43 −3.2% PALLADIUM 1285.50 −1.3% NIO 0.155 +3.3% REX 0.235 +0.0% PAAS 66.47 −1.4% WGF 0.190 +18.8% NAM 0.205 −2.4% EMO 0.360 +0.0% ATX 2.29 −1.7% WDO 33.24 −1.8% ETL 1.00 −1.0% LIF 25.64 +0.6% ZAC 0.055 −8.3% PML 1.57 +0.6% HHH 5.33 +1.8% AAZ 0.040 +14.3% GLO 0.710 +44.9% AUEN 0.240 −5.9%
Financings

Silver Bullet ships first gold/silver concentrates

By The Northwire Desk — AI Analysis Oct 24, 2025 · 16:05 SBMI · 0.34 Silver Bullet Mines Corp.
SBMI · Price

Executive Summary

  • Silver Bullet Mines Corp. has shipped its first commercial quantity of gold and silver concentrate from the KT mine in Arizona, marking a significant milestone in revenue generation.
  • The company has fully converted convertible debentures issued in October 2024, significantly reducing its debt burden, and exercised warrants to raise additional working capital.
  • The company plans to increase mill processing capacity and frequency of shipments, while also issuing shares to a long-term consultant as part of an existing agreement.

Key Details

  • Concentrate Shipment: First commercial shipment of high-grade gold/silver concentrate from the KT mine in Arizona was picked up on Thursday, Oct. 23, 2025.
  • Payment Terms: The company invoiced the client based on internal assay results; payment is due upon receipt of final assays from the client’s facility. Discrepancies will be resolved via umpire assay, though no significant changes are anticipated.
  • Operational Expansion: Silver Bullet intends to increase daily material processing through its 100%-owned mill in Globe, Ariz., by expanding working hours and improving process efficiencies.
  • Mill Upgrades: The company is working with its engineering group to expand mill capacity and construct a flotation circuit to recover additional metals, including sulphide gold and silver.
  • Debt Conversion: Convertible debentures issued in October 2024 have been fully converted to shares. This is the second debenture conversion in 2025, following a conversion of debentures issued in May 2024.
  • Warrant Exercise: 2.83 million warrants (issued with the Oct 2024 debentures) and 254,000 warrants (issued with private placements) were exercised.
  • Warrant Terms: All exercised warrants had a strike price of 16 cents.
  • Consultant Share Issuance: Pursuant to a 36-month consulting agreement dated Dec. 1, 2023 ($10,000/month payable in shares), the company issued 33,333 common shares at 30 cents on Oct. 15, 2025.

Notable Quotes

  • "We have always said that SBMI is not in the business of making holes in the ground. We are in the business of selling silver and gold. And we are there." — A. John Carter, CEO
Read the original news release →

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