Business
Silver Bullet Mines Signs Agreement to Direct Ship Material from Major Offtake Client
Burlington, Ontario--(Newsfile Corp. - December 18, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or the "Company") is pleased to announce it has signed an agreement to direct ship material from both the KT Gold Mine and the SC Silver Mine. The agreement has a term of 1 year commencing December 16, 2025 with annual renewals contemplated. The Client is a large industry participant and SBMI sees very little counterparty risk.Both the KT Mine and the SC Mine are located in..
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Burlington, Ontario--(Newsfile Corp. - December 18, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or the "Company") is pleased to announce it has signed an agreement to direct ship material from both the KT Gold Mine and the SC Silver Mine. The agreement has a term of 1 year commencing December 16, 2025 with annual renewals contemplated. The Client is a large industry participant and SBMI sees very little counterparty risk.","length":471,"tagName":"p"},{"type":"text","content":"Both the KT Mine and the SC Mine are located in the Globe area of Arizona proximate to SBMI's wholly owned mill. This agreement will have no effect on the Company's existing milling operations at its mill, where it will continue to process mineralized material into concentrate for sale.","length":295,"tagName":"p"},{"type":"text","content":"The Client has agreed to purchase material for direct shipping to its facilities. This material will not be processed through the SBMI mill. It is to be crushed to ¼ inch product at the respective mine sites and either loaded in super sacs or bulk direct into containers. The tonnage purchased will be initially up to 12,000 tons for calendar 2026, with the Client agreeing to purchase larger amounts if available.","length":414,"tagName":"p"},{"type":"text","content":"The Company is evaluating several options to provide the most economical method to crush to spec and load the material. It is anticipated shipping should commence during the first quarter of calendar 2026. Acquisition of the necessary equipment to commence processing of this material has begun. This equipment should be readily available.","length":339,"tagName":"p"},{"type":"text","content":"Pursuant to the agreement, the Company will receive a provisional payment of 80% of the estimated value of the shipment within 5 days of the Client's receipt of documentation. The final balance will be paid when final weights and assays have been determined. Payments will be made based upon a price equal to the mean of the daily US$ LMBA morning and afternoon quotations for gold and silver at the date of processing.","length":423,"tagName":"p"},{"type":"text","content":"The Client for the direct ship material is the same client that has an agreement to purchase the silver concentrate from the SC mine. SBMI believes ...