Buckeye Silver Mine

We have written a 10-page Update Report on Silver Bullet Mines Corp. (“SBMI” or “the Company”) (TSXV: SBMI | OTC: SBMCF). The Company continues advancing its high-grade silver projects in Arizona and Idaho. Recent updates include strategic financing initiatives, ongoing Super Champ development, and underground progress at the Washington Mine. SBMI is focused on leveraging operational improvements and targeted exploration to generate near-term revenue while resolving safety issues at the Buckeye Mine. The Company expects revenue from Super Champ in early 2025, supported by optimized milling at its Globe, Arizona, facility. It recently announced a $1.5M private placement to fund these efforts, emphasizing SBMI’s commitment to unlocking value across its portfolio. We maintained a Speculative Buy rating on SBMI and a one-year Price Target to $0.20. [more]

We have written a 46-page Update Report on Silver Bullet Mines Corp. (“SBMI” or “the Company”) (TSXV: SBMI | OTC: SBMCF). SBMI is focused on silver and copper production across its key assets, the Buckeye Silver Mine in Arizona and the Washington Mine in Idaho. SBMI aims to generate revenue from processing third-party mineralized material while awaiting the Buckeye Mine’s regulatory safety approvals. Recent financing strengthens its cash position while awaiting production resumption at the Buckeye Mine and progress at the Washington Mine. SBMI’s future growth is supported by district-scale exploration on its Arizona property, management expertise, and favorable jurisdictions. We maintained a Speculative Buy rating on SBMI, but reduced the one-year Price Target to $0.20 and introduced a two-year Price Target of $0.35. [more]