• Silver Bullet Mines (SBMI) has closed the first tranche of a private placement financing, raising $447,000
  • On September 26, 2022, the company announced it had found high-grade gold, platinum, palladium, rhodium and osmium in concentrates resulting from 200 tons of material from the Buckeye Mine
  • The company has encountered procedural challenges in completing its first audit as an operating company
  • Peter Clausi, VP of Capital Markets, sat down with Daniella Atkinson to discuss the news
  • Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona, with additional mineral properties in Idaho and Nevada
  • Silver Bullet Mines Corp. (SBMI) opened trading at C$0.16

Silver Bullet Mines (SBMI) has closed the first tranche of its previously-announced private placement financing, raising $447,000.

On September 26, 2022, the company announced it had found high-grade gold, platinum, palladium, rhodium and osmium in concentrates resulting from 200 tons of material from the Buckeye Mine. To help identify the source and location of the materials, the company took samples from the diabase at several locations near and in the Buckeye Silver Mine. Silver Bullet Mines has received assay results from an independent lab with respect to those samples taken from the diabase and will be disclosed to the public as soon as possible.

The company has encountered procedural challenges in completing its first audit as an operating company, including but not limited to cross-border documentation. Some of these challenges were caused by COVID-19 restrictions on travel to the mill and mine sites in Arizona, and others by local inexperience with audit processes.

Peter Clausi, VP of Capital Markets, sat down with Daniella Atkinson to discuss the news.

Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona, with additional mineral properties in Idaho and Nevada.

Silver Bullet Mines Corp. (SBMI) opened trading at C$0.16.


More From The Market Online
Negotiating in a meeting room

Paladin Energy to acquire Fission Uranium in C$1.1 billion transaction

Paladin Energy (OTC:PALAF) enters into an agreement to acquire Fission Uranium (TSX:FCU) in a transaction valued at C$1.1 billion.
Maple Gold Mines

Agnico Eagle invests in Maple Gold Mines: 5 reasons why you should too

Agnico Eagle (TSX:AEM) picks up C$2,874,856.57 worth of Maple Gold Mines stock (TSXV:MGM) from investors in a recent flow-through financing.

SRQ Resources reports assay results from Lac Brulé

SRQ Resources (TSXV:SRQ) reports assay results from its Phase 3 drilling program at the Lac Brulé Project in Quebec.

Great Pacific Gold reveals high-grade assays in Australia

Great Pacific Gold (TSXV:GPAC) reveals high-grade gold assays at the Comet gold discovery on the Lauriston Gold Project in Australia.