SEDAR Interim Financial Statements

[
  {
    "companyName": "Silver Bullet Mines Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndEquivalents": 365686,
      "miscellaneousReceivables": 25434,
      "prepaidExpensesAndDeposits": 154397,
      "totalCurrentAssets": 545517,
      "propertyMillAndEquipment": 3019479,
      "totalAssets": 3564996,
      "accountsPayableAndAccruedLiabilities": 1476314,
      "convertibleDebt": 308385,
      "notePayable": 68531,
      "loanPayable": 308385,
      "totalCurrentLiabilities": 2161615,
      "convertibleDebentures": 0,
      "totalLiabilities": 2161615,
      "shareCapital": 22443614,
      "contributedSurplus": 1306148,
      "warrants": 1914237,
      "equityComponentOfConvertiblePromissoryNote": 0,
      "accumulatedOtherComprehensiveIncome": 8222,
      "deficit": -24268840,
      "totalShareholdersEquity": 1403381,
      "totalLiabilitiesAndShareholdersEquity": 3564996,
      "cashPerShare": 0.0026,
      "workingCapitalPerShare": -0.0115
    },
    "incomeStatement": {
      "mineralPropertyDevelopmentExpense": 1553274,
      "explorationExpense": 35412,
      "generalAndAdministrative": 329740,
      "depreciationExpense": 66528,
      "professionalFees": 73812,
      "financeExpense": 69065,
      "shareBasedCompensation": 795096,
      "netLossForThePeriod": -2922927,
      "exchangeDifferencesArisingOnTranslationOfForeignOperations": -10989,
      "comprehensiveLossForThePeriod": -2911938,
      "basicAndDilutedLossPerShare": -0.02,
      "weightedAverageSharesOutstanding": 131892000
    },
    "cashFlowStatement": {
      "netLoss": -2922921,
      "accretion": 36757,
      "depreciation": 66528,
      "unrealizedForeignExchange": 3449,
      "sharesForService": 60000,
      "shareBasedCompensation": 795096,
      "miscellaneousReceivables": -10461,
      "prepaidExpenses": -110415,
      "accountsPayableAndAccruedLiabilities": -207992,
      "netCashUsedInOperatingActivities": -2289965,
      "additionsOfPropertyMillAndEquipment": -20621,
      "netCashUsedInInvestingActivities": -20621,
      "issuanceOfCommonShares": 1424250,
      "shareIssueCosts": -55092,
      "repaymentOfNotePayable": -53182,
      "exerciseOfWarrants": 1076434,
      "exerciseOfOptions": 30000,
      "convertibleDebenturesNet": 0,
      "netCashProvidedByFinancingActivities": 2422410,
      "foreignExchangeEffectOnCashAndCashEquivalents": 14780,
      "netChangeInCashAndCashEquivalents": 126604,
      "cashAndCashEquivalentsBeginningOfPeriod": 239082,
      "cashAndCashEquivalentsEndOfPeriod": 365686
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Buckeye Silver Mine (Arizona) - Lease on patented land with escalating lease payments and 5% gross royalty",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Lease in good standing with payments through 2036"
      },
      {
        "type": "Mineral Property",
        "description": "Super Champ Mine Property (Arizona) - Lease with indefinite term and gross royalty on product sold",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired 11 unpatented mineral claims contiguous to the mine"
      },
      {
        "type": "Mineral Property",
        "description": "King Tut Mine (Arizona) - Past producing high grade gold mine on BLM land",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired July 23, 2025"
      },
      {
        "type": "Mineral Property",
        "description": "Washington Mine Property (Idaho) - 100% interest in 48 ha property",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Purchased December 2020"
      },
      {
        "type": "Exploration Property",
        "description": "Black Diamond Property (Arizona) - 232 unpatented mineral claims",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired through acquisition of Black Diamond Exploration Inc."
      },
      {
        "type": "Exploration Property",
        "description": "Nevada Property - 12 unpatented mineral claims in Esmeralda and Nye Counties",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Subject to annual BLM payments"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 144315554,
      "classesOfShares": ["Common Shares"],
      "warrants": [
        {
          "number": 819042,
          "exercisePrice": 0.17,
          "expiryDate": "2026-01-09"
        },
        {
          "number": 6500000,
          "exercisePrice": 0.35,
          "expiryDate": "2026-08-11"
        },
        {
          "number": 400000,
          "exercisePrice": 0.16,
          "expiryDate": "2027-05-08"
        },
        {
          "number": 8500000,
          "exercisePrice": 0.16,
          "expiryDate": "2027-05-13"
        },
        {
          "number": 150000,
          "exercisePrice": 0.18,
          "expiryDate": "2027-10-02"
        },
        {
          "number": 8400000,
          "exercisePrice": 0.18,
          "expiryDate": "2027-10-16"
        },
        {
          "number": 4283333,
          "exercisePrice": 0.16,
          "expiryDate": "2027-12-27"
        },
        {
          "number": 1450000,
          "exercisePrice": 0.16,
          "expiryDate": "2028-01-10"
        },
        {
          "number": 14462663,
          "exercisePrice": 0.16,
          "expiryDate": "2028-02-14"
        },
        {
          "number": 4016160,
          "exercisePrice": 0.22,
          "expiryDate": "2028-05-20"
        },
        {
          "number": 755500,
          "exercisePrice": 0.22,
          "expiryDate": "2028-06-20"
        },
        {
          "number": 5337143,
          "exercisePrice": 0.28,
          "expiryDate": "2028-08-14"
        },
        {
          "number": 1445000,
          "exercisePrice": 0.28,
          "expiryDate": "2028-08-19"
        }
      ],
      "options": [
        {
          "number": 428571,
          "exercisePrice": 0.3,
          "expiryDate": "2026-12-31"
        },
        {
          "number": 1150000,
          "exercisePrice": 0.15,
          "expiryDate": "2027-12-31"
        },
        {
          "number": 800000,
          "exercisePrice": 0.1,
          "expiryDate": "2028-06-30"
        },
        {
          "number": 1000000,
          "exercisePrice": 0.16,
          "expiryDate": "2029-02-12"
        },
        {
          "number": 1000000,
          "exercisePrice": 0.35,
          "expiryDate": "2026-02-15"
        },
        {
          "number": 4000000,
          "exercisePrice": 0.3,
          "expiryDate": "2030-09-19"
        }
      ],
      "rightsConvertibleInstruments": "Convertible debentures and promissory notes with conversion features"
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDecember312025": {
          "salaries": 165090,
          "shareBased": 0,
          "total": 165090
        },
        "sixMonthsEndedDecember312024": {
          "salaries": 218348,
          "shareBased": 0,
          "total": 218348
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Silver Sevens Exploration LLC",
          "description": "Administrative services and sub-contract labor for mineral property development",
          "amount": 1282280,
          "period": "Six months ended December 31, 2025"
        },
        {
          "counterparty": "Officers of the Company",
          "description": "Accounts payable and accrued liabilities owing to officers",
          "amount": 795782,
          "period": "As at December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-06",
        "description": "Issued 310,000 common shares pursuant to exercise of warrants for cash proceeds of $52,700",
        "impactValue": 52700
      },
      {
        "eventDate": "2026-01-09",
        "description": "Issued 466,667 common shares pursuant to exercise of warrants for cash proceeds of $79,333",
        "impactValue": 79333
      },
      {
        "eventDate": "2026-01-09",
        "description": "42,375 warrants and 21,700 broker warrants expired unexercised",
        "impactValue": null
      },
      {
        "eventDate": "2026-01-19",
        "description": "Acquired the Columbia Mine and the Gold Queen Mine for nominal cash consideration",
        "impactValue": null
      },
      {
        "eventDate": "2026-01-22",
        "description": "Paid $25,000 USD against the note payable",
        "impactValue": -25000
      },
      {
        "eventDate": "2026-01-30",
        "description": "Issued 2,625,000 common shares pursuant to exercise of warrants for cash proceeds of $456,000",
        "impactValue": 456000
      }
    ]
  }
]