Mr. John Carter reports
SILVER BULLET MINES CORP. ANNOUNCES INITIAL ORDER OF SILVER CONCENTRATE AND ATTAINS TARGETED PRODUCTION RATE AT PROCESSING MILL
Silver Bullet Mines Corp. has shipped its first order of silver concentrate processed from material from the Super Champ in Arizona. The company expects further shipments to this same customer as further concentrate is generated, eventually reaching a goal of regular deliveries against regular payments.
John Carter, Silver Bullet's chief executive officer, said: "This revenue generation has been the goal since SBMI started work. The developments of the last few months, the success of our recently closed financing, this first shipping of concentrate and the first generation of revenue is the cumulation of much hard work by so many people. The surprise gold values provide a large upside for the shareholders. We are confident that this will only get better from here."
At its 100-per-cent-owned mill in Globe, Ariz., Silver Bullet has reached and maintained its targeted production rate of six to seven tons per hour. In creating the concentrate, Silver Bullet processed the majority of the lower-grade material from Super Champ and is moving to process the higher-grade material. Management reasonably expects the silver grade in the concentrate to increase as the higher-grade material is processed.
The company has roughly 3,000 tons of material on the ground at the mine and at the mill, representing roughly 60 days of processing. A video of the mill in operation can be viewed at the company's website.
To maintain and further increase the production rate, the company has purchased a larger excavator with twice the capacity of the rental unit currently being used at the Super Champ for the removal of material. The company has also purchased a larger well pump to provide additional water for the increase in volume required for the higher throughput of material at the mill. With the revenue generation milestone being reached, the company is also contemplating increasing the hours of operation at its mine and mill facilities.
With respect to the financing closed on Feb. 18, 2025, the company announces it issued 597,300 finders warrants having a term of three years exercisable at 16 cents to arm's-length parties.
We seek Safe Harbor.
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