NEW UPDATE REPORT – Strategic Financing Fuels Silver Bullet Mines High-Grade Silver Mine Development in Arizona and Idaho
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]