- Silver Bullet (SBMI) seeks to raise up to C$600,000 through a non-brokered private placement
- The company will use the proceeds for working capital and to exploit palladium, platinum, rhodium, osmium, gold and silver findings at its Buckeye Silver Mine in Arizona
- Recent high-grade results support the company’s plan
- Silver Bullet Mines is focused on the discovery and development of mineral deposits in the U.S.
- Silver Bullet Mines (SBMI) opened with a loss of 9.09 per cent, trading at $0.20 per share
Silver Bullet (SBMI) seeks to raise up to C$600,000 through a non-brokered private placement.
The company will issue up to 3,000,000 units priced at $0.20. Each unit will include one common share and one share purchase warrant. Each warrant is exercisable into one common share priced at $0.30 over a 24-month term.
The company will use the proceeds for working capital and exploit palladium, platinum, rhodium, osmium and gold in concentrate and existing silver targets at its Buckeye Silver Mine in Arizona.
This includes augmenting its gravity mill in Arizona, currently functional for silver, to accommodate the other metals mentioned above.
On October 18, 2022, Silver Bullet released a second round of assay results substantiating the mineralization.
Silver Bullet Mines is focused on the discovery and development of mineral deposits in the U.S.
Silver Bullet Mines (SBMI) opened with a loss of 9.09 per cent, trading at $0.20 per share.
