Silver Bullet Mines Announces Shipment of Commercial Gold/Silver Concentrates, Debt Conversion and Warrant Exercise

Core Points - Silver Bullet Mines Corp. has shipped its first commercial quantity of gold and silver concentrate from the KT Mine in Arizona, marking a significant milestone for the company [1][2][4] - The company has retired significant convertible debt instruments, which has improved its balance sheet [6] - The exercise of warrants has provided additional working capital, indicating strong support for the company's business model [7] Shipment Details - The high-grade gold/silver concentrate was picked up for transport on October 23, 2025, with expectations for frequent scheduled shipments [2] - Payment for the first shipment will be made upon receipt of final assays, with adjustments based on any discrepancies anticipated to be minimal [3] Financial Impact - The shipment represents significant revenue for the company, aligning with its focus on selling silver and gold rather than merely mining [4] - The company plans to increase the quantity and frequency of shipments over time, enhancing revenue generation [4][8] Operational Expansion - SBMI intends to expand daily processing capacity at its mill in Globe, Arizona, through extended working hours and improved efficiencies [5] - Plans are in place to construct a flotation circuit to recover additional metals, including sulphide gold and silver [5] Debt Management - The full conversion of convertible debentures issued in October 2024 to shares has significantly reduced the company's debt [6] - The exercise of 2,830,000 warrants at a strike price of $0.16 has further bolstered the company's financial position [7] Consultant Agreement - The company has entered into a consulting agreement for a period of thirty-six months, compensating the consultant with common shares [9]