- Silver Bullet Mines Corp. (SBMI) has received a cash advance on its first order for its silver products from the Buckeye Mine in Arizona
- Silver Bullet received US$225,000 from a third-party purchaser as a cash advance for the order for 500 kg of silver, to be delivered in tranches or all at once
- At current pricing this first order represents more than US$430,000 (more than C$570,000)
- Silver Bullet Mines Corp. (SBMI) opened trading at C$0.18 per share
Silver Bullet Mines Corp. (SBMI) has received a cash advance on its first order for its silver products from the Buckeye Mine in Arizona.
Silver Bullet received US$225,000 from a third-party purchaser as a cash advance for the order for 500 kg of silver, to be delivered in tranches or all at once. At current pricing this first order represents more than US$430,000 (more than C$570,000).
The purchaser has indicated it intends to purchase 500 kg from Silver Bullet each month for six months, including this initial order.
The first order is currently being processed from the stockpile at the mill and the company anticipates shipping it in whole, or in part, within 30 days.
Mining operations continue at Buckeye, work 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.
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$0.18 per share.
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