Business
Silver Bullet Mines Enters Strategic Financial Agreements
Burlington, Ontario--(Newsfile Corp. - May 13, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') announces it has entered into a strategic agreement with each of three accredited investors to collectively acquire 3,836,000 Units at a purchase price of 18 cents per Unit (a substantial premium to the current market), with each Unit consisting of one common share and one non-transferable common share purchase warrant exercisable at 22 cents ...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Burlington, Ontario--(Newsfile Corp. - May 13, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') announces it has entered into a strategic agreement with each of three accredited investors to collectively acquire 3,836,000 Units at a purchase price of 18 cents per Unit (a substantial premium to the current market), with each Unit consisting of one common share and one non-transferable common share purchase warrant exercisable at 22 cents for a three year term. The Units will be subject to a four month hold period. The gross proceeds from these agreements is $690,480.00.","length":630,"tagName":"p"},{"type":"text","content":"Any other person who may want to enter into such an agreement on the same terms as above with the Company is encouraged to immediately contact SBMI at the contact information below. Closing should take place in the immediate future subject to regulatory approval.","length":263,"tagName":"p"},{"type":"text","content":"Each of the three investors mentioned above is already a significant shareholder in the Company and sees this as a key opportunity to accelerate SBMI's growth. The Company believes this type of investment provides stable long-term support for SBMI and its capital structure.","length":278,"tagName":"p"},{"type":"text","content":"It has taken longer than expected to finalize orders with potential purchasers of the Company's concentrate made from material taken from the Super Champ and processed at SBMI's mill in Arizona. The funds referred to above will be used to fund working capital, increase capacity in both Arizona and Idaho, and offset some of the increased costs due to the current tariff situation.","length":389,"tagName":"p"},{"type":"text","content":"Operationally, the Company advises it has completed the necessary minor adjustments to the mill to allow it to process Super Champ material into concentrate having the specifications sought by a certain buyer. SBMI is processing and intends to soon ship a bulk batch of such concentrate to this buyer for a test run through its refinery. Upon completion of that run by the buyer, its final testing and its report back to SBMI, regular production shipments should commence.","length":472,"tagName":"p"},{"type":"text","content":"SBMI is still working on final agreements with other poten...