Mr. John Carter reports
SILVER BULLET MINES CORP. (SBMI) RECEIVES CASH ON FIRST ORDER FOR SILVER FROM BUCKEYE MINE IN ARIZONA
Silver Bullet Mines Corp. has received the previously announced cash advance on its first order for its silver products from a third party.
Silver Bullet has received the sum of $225,000 (U.S.) from the purchaser as a cash advance against the order for 500 kilograms (kg) of silver, to be delivered to the purchaser in tranches or all at once. At today's pricing, this first order represents more than $430,000 (U.S.) (more than $570,000 (Canadian)).
The purchaser has indicated it intends to purchase 500 kg from Silver Bullet each month for six months, including this order.
The first order is currently being processed from the stockpile at the mill and Silver Bullet anticipates shipping it in whole or in part within 30 days. The company continues to work with the purchaser and other potential purchasers to develop a customer base for its silver/gold production.
At the Buckeye mine, mining is continuing. As per Silver Bullet's Jan. 16, 2023, press release, Silver Bullet continues to drift along the vein to an area believed to contain higher-grade mineralization. The company expects to encounter that area in the near future, although given the uncertainties inherent in mining no exact date can be given.
We seek Safe Harbor.
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