Silver Bullet Mines Enters into Sale Agreement for Concentrate from Super Champ Mine in Arizona
Silver Bullet Mines Enters into Sale Agreement for Concentrate from Super Champ Mine
in Arizona
July 9 , 2025 - Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI and
OTCQB:SBMCF) (‘SBMI’ or ‘the Company’) is pleased to announce it has signed back a Firm
Offer with a major concentrate buyer (the “Buyer”) for the sale of SBMI’s high grade silver/gold
concentrates. Negotiations with multiple interested parties have been going on for some time with
multiple tests, assays, and metallurgical data required to satisfy all parties , and Management
believes the Buyer is the best fit for the Company at this time.
As part of the process with the Buyer, SBMI completed the necessary KYC (Know Your Client)
documentation and MSDS (Material Safety Data Sheets). Risk analysis by the Buyer determined
SBMI represented no risk.
The Buyer has the capability to purchase product from the Super Champ Mine in Arizona and to
purchase the flotation concentrates and concentrate from SBMI’s Washington Mine in Idaho if
they become available. The Buyer has the purchasing capacity to acquire all this production and
SBMI’s possible increases in production in Arizona. The Buyer is based in the United States of
America and SBMI does not reasonably anticipate any tariff related issues arising from this
transaction.
The Firm Offer contains standard contractual terms and conditions, and will be in effect until June
30, 2026. It provides for an initial payment equal to 90% of the estimated value of the concentrate
to SBMI within 5 days of the Buyer picking up concentrate from the Company’s mill in Arizona,
subject to minor terms and conditions , with the remaining amount to be paid after verification of
the concentrate by the Buyer. It is expected the initial delivery will consist of 25 tons of
concentrate, and such deliveries should continue for the foreseeable future.
Readers are reminded SBMI on March 19, 2025 announced a concentrate gr ade of the Super
Champ material of 530 ounces per ton silver , and o n November 12, 2024 SBMI announced an
independent accredited lab had assayed for gold in the Super Champ concentrates as part of a
multi-element analysis, returning .52 ounces (16.16 grams/ton).
The Company will now make any adjustments to its process flowsheet if necessary and will
commence production of concentrate for shipping beginning with mining new material from the
Super Champ. As stated in its November 24, 2024 news release, SBMI’s intention is to process 50
tons of Super Champ material per day, and gradually increase to the mill ’s rated capacity of 125
tpd.
SBMI advises that the numerous tests on the Super Champ material for the multiple interested
parties demonstrated that SBMI’s concentrates contain no deleterious material.
The Company will advise when the first shipment has taken place.
For further information:
John Carter
Silver Bullet Mines Corp., CEO
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that may constitute forward -looking statements as they relate to SBMI and its
subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events,
and can be identified by words such as "believe", "expec ts", "will", "intends", "plans", "projects", "anticipates", "estimates",
"continues" and similar expressions. Although management believes that the expectations represented in such forward -looking
statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause
actual future results, conditions, actions or events to differ materially from those in the f orward-looking statements. If and when
forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to
develop the forward-looking statements. Except as expressly required by applicable se curities laws, SBMI assumes no obligation
to update or revise any forward -looking statements. The future outcomes that relate to forward -looking statements may be
influenced by many factors, including but not limited to: the impact of SARS CoV -2 or any oth er global virus; reliance on key
personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in
the production and processing of mineralized material; the results of exploration and developme nt activities; the results of mill
operations; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's
properties; risks of future legal proceedings; income tax matters; fires, floods and other natu ral phenomena; the rate of inflation;
counterparty risk with respect to the Buyer; availability and terms of financing; distribution of securities; commodities pricing;
currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential
dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.