Silver Bullet Mines

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]

Silver Bullet Mines (SBMI), a Canadian silver and copper exploration company, reported significant progress at its Super Champ and Washington properties. At Super Champ, assays revealed high-grade silver and gold potential, including historic workings with samples up to 1,093.2 oz/t silver. The Washington Mine development targets historic high-grade zones with plans to resume mining from the 150-foot level to the surface. These developments align with SBMI’s strategy to process third-party material at its Globe, Arizona mill, generating revenue while advancing its core assets. Recent updates support eResearch’s revised one-year target price of $0.20 and two-year target price of $0.35. [more]