- Silver Bullet Mines (TSXV:SBMI) has kicked off daily processing of what it believes to be high-grade silver and gold ore from its Super Champ mine in Arizona
- Investors can expect an imminent announcement once the first 25-ton concentrate shipment is made
- Silver Bullet Mines is a silver and copper exploration and development company active in the western USA
- The micro-cap mining stock has added 95 per cent year-over-year but remains down by more than 50 per cent since inception in 2021
Silver Bullet Mines (TSXV:SBMI) has kicked off daily processing of what it believes to be high-grade silver and gold ore from its Super Champ mine in Arizona.
This content has been prepared as part of a partnership with Silver Bullet Mines Corp., and is intended for informational purposes only.
Silver Bullet’s nearby mill in Globe, Arizona, will process more than six tons of material per hour for eight hours per day, five days per week, yielding silver and gold concentrate for a third-party buyer in the U.S. disclosed on July 9, 2025. Management intends to add another shift in the near future to increase production and facilitate consistent operations.
The buyer will make a payment equal to 90 per cent of estimated concentrate value within 5 days of receipt, with the remainder to be determined upon concentrate verification. Silver Bullet expects to make the first 25-ton shipment in the near term.
Management previously reported material head grade samples of more than 28 ounces per ton of silver in November 2024 – including prospective gold assays up to 16.16 grams per ton – as well as a concentrate grade of 530 ounces per ton of silver in March 2025. According to Friday’s news release, management is confident that it can maintain these high grades moving forward.
The company intends to undertake a C$1,120,800 non-brokered private placement at C$0.21 per share to complete site work at Super Champ, expand the footprint of the recently acquired King Tut gold mine in Arizona and advance the Washington mine in Idaho.
About Silver Bullet Mines
Silver Bullet Mines is an exploration and development company active in the western USA focused primarily on silver and copper.
The silver-producing stock (TSXV:SBMI) is up by 5.41 per cent trading at C$0.20 as of 11:03 am ET. The stock has added 95 per cent year-over-year but remains down by more than 50 per cent since inception in 2021.
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