Silver Bullet Mines
Silver Bullet Mines Corp. is a Canadian-listed junior mining company (TSXV: SBMI) that operates a hub-and-spoke model with a 125 tpd mill in Globe, Arizona, processing high-grade gold and silver from satellite mines in Arizona and Idaho for sale to global metals traders and smelters.
- Company typePublic
- Founded2021
- HeadquartersBurlington, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Silver Bullet Mines does
Silver Bullet Mines Corp. is a junior mining company headquartered in Burlington, Ontario, Canada, with operational assets concentrated in the Western United States. Founded in 2020 and publicly listed on the TSX Venture Exchange (SBMI) and OTCQB (SBMCF) since December 2021, the company operates a hub-and-spoke model centered on a wholly-owned 125 metric-tonne-per-day modular gravity mill in Globe, Arizona. Satellite mining properties in Arizona and Idaho — including the KT Gold Mine, Washington Mine, Super Champ Mine, Columbia Mine, Gold Queen Mine, Buckeye Silver Mine, and King Tut Gold Mine — feed the mill with high-grade gold and silver mineralized material. Engineering plans are underway to expand mill capacity to 350 tpd and add a flotation circuit to recover secondary metals such as copper and zinc.
The company monetizes production through three revenue streams: (1) gold and silver concentrate sales to global trading firms and smelters under offtake agreements, with provisional 80-90% payments within five days of documentation and final balance upon verification; (2) direct-ship material bypassing the mill under a one-year agreement for up to 12,000 tons annually; and (3) a 20% net smelter royalty on lead and zinc from Arizona mines, capped at $100,000 USD per 12-month period. The principal commercial counterparty is Ocean Partners US Inc. under a five-year framework agreement commencing February 2026 for up to 36,000 tons of concentrate per annum. Additional buyers include a large unnamed industry client and a major concentrate buyer under a Firm Offer through June 2026. Management and close associates hold approximately 50.8% of outstanding shares, supporting growth with limited dilution relative to typical junior miners.
Commercially, the company transitioned from development to production in October 2025 with its first concentrate shipment, completed five shipments by January 2026, and continues to expand its asset base through opportunistic acquisitions (King Tut in July 2025, Columbia/Gold Queen in February 2026) and infrastructure investments including a SBMI-designed 50-ton-per-hour portable crushing plant. Reported revenue from 2021 through 2024 was $0, with cumulative net losses of approximately $13M, and the company elected to adopt semi-annual reporting in May 2026 under CBO 51-933.
Silver Bullet Mines firmographics
Firmographics- Name
- Silver Bullet Mines
- Legal name
- Silver Bullet Mines Corp.
- Website
- https://silverbulletmines.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Silver Bullet Mines Corp. is a Canadian-listed junior mining company (TSXV: SBMI) that operates a hub-and-spoke model with a 125 tpd mill in Globe, Arizona, processing high-grade gold and silver from satellite mines in Arizona and Idaho for sale to global metals traders and smelters.
- Ownership category
- akta.pro rank
Silver Bullet Mines industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro industry
- Silver MiningIndustrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)Gold MiningIndustrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)Precious Metals Smelting & RefiningIndustrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)
Keywords
Where Silver Bullet Mines is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Silver Bullet Mines business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- Concentrate Sales: Sale of gold and silver concentrates produced at the company's mill from processed mineralized material. Concentrates are sold to global trading firms and smelters under offtake agreements. Payment typically includes provisional payment (80-90%) upon documentation receipt with final balance upon final weights and assays.
- Direct Ship Material (DSO): Direct sale of crushed mineralized material (quarter-inch product) to major industry clients, bypassing the company's mill. Under the December 2025 agreement, up to 12,000 tons annually from KT Gold Mine and SC Silver Mine at 80% provisional payment upon documentation receipt.
- Net Smelter Royalty (NSR): Company granted 20% NSR on lead and zinc produced from Arizona mines in exchange for $250,000 USD, demonstrating asset monetization capability.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Super Champ Mine concentrate - Firm Offer agreement with 90% initial payment within 5 days of buyer pickup, remaining balance upon verification |
| Transaction based/ take rate | Pay-as-you-go | Direct Ship Material - 80% provisional payment within 5 days of buyer receiving documentation |
| Other | Pay-as-you-go | Lead/Zinc NSR - 20% of gross value of lead and zinc shipped, up to $100,000 USD maximum per 12-month period |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Silver Bullet Mines product offering
Product offeringCore offering
Silver Bullet Mines acquires, explores, and operates high-grade silver, gold, copper, lead, zinc, and antimony mineral assets in Arizona and Idaho, processing mineralized material at its wholly-owned 125 tpd modular gravity mill in Globe, Arizona. The company sells gold and silver concentrates and direct-ship mineralized material to global trading firms, smelters, and refiners under long-term offtake agreements. It also operates an in-house assay laboratory and uses a 50 tph portable crushing plant built to its own specifications to scale production capacity up to 1,200 tpd.
Product overview
Silver Bullet Mines Corp. is a mining company focused on the acquisition, exploration, development, and operation of precious metal properties in North America. The company's hub-and-spoke business model centers on a wholly-owned 125 tpd modular gravity mill in Globe, Arizona as the central hub, with multiple satellite mines (spokes) providing mineralized material for processing. Key mining assets include the KT Gold Mine, Washington Mine, Super Champ Mine, Columbia Mine, Gold Queen Mine, Buckeye Silver Mine, and King Tut Gold Mine located in Arizona and Idaho. The company operates its own QA/QC assay laboratory and produces gold/silver concentrate for sale to offtake partners. Engineering expansion is underway to increase mill capacity from 125 tpd to 350 tpd and add a flotation circuit to recover additional metals.
Differentiator
Problem solved
Functional benefit
Products and services
- Gold and Silver Concentrate
- Direct-Ship Mineralized Material (DSO)
Quantifiable outcome
- First commercial concentrate shipment October 23, 2025, marking transition to revenue generation
- +4 more outcomes
Companies that use Silver Bullet Mines
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles1 record
Silver Bullet Mines technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Silver Bullet Mines partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered supporting and core.
- NSR Royalty HoldersupportingGranted 20% NSR on lead and zinc production from Arizona mines (Columbia/Gold Queen, King Tut, Super Champ, Buckeye) in consideration for $250,000 USD. NSR capped at $100,000 USD per 12-month period.
- SBMI-Designed Portable Crusher ManufacturercorePortable crushing plant being manufactured to SBMI specifications with 50-ton-per-hour capacity, designed to produce quarter-inch material per Ocean Partners requirements. Delivery expected within approximately five months to Columbia Mine in Arizona.
- Ocean Partners US Inc.coreFive-year framework agreement (commencing February 1, 2026) for SBMI to supply high-grade mineralized material and concentrates from all Arizona mines to Ocean Partners. Commitment of up to 36,000 tons per annum with option to increase. Ocean Partners is a global trading firm specializing in nonferrous metals concentrates for miners, smelters, and refiners. Personnel from Ocean Partners conducted due diligence visits to SBMI's mill and mine sites.
- Montana Technological University (CAMP)supportingEngaged Center for Advanced Materials Processing (CAMP) of Montana Technological University for metallurgical testing and process optimization for Washington Mine material in Idaho.
Scale indicators7 records
Recent moves8 records
Expansion highlights7 records
Silver Bullet Mines competitors and assessment
Company assessmentDirect peers
- MAG Silver Corp. Canadian-listed (TSX/NYSE) silver-focused junior miner with primary asset in Mexico. Comparable as a silver-dominant, TSX-listed junior with a flagship high-grade silver project — directly relevant peer for Silver Bullet Mines' silver-focused hub-and-spoke approach.
- Dolly Varden Silver Corporation: Canadian-listed (TSXV) silver junior developing high-grade silver projects in BC's Golden Triangle. Comparable as a TSX-V-listed silver-focused junior at a similar market cap tier with high-grade silver assets.
- SilverCrest Metals Inc. Canadian-listed silver/gold producer focused on high-grade assets in Mexico. Comparable as a TSX-listed precious-metals producer with high-grade ore characteristics similar to SBMI's Super Champ and Washington Mine grades.
- Scorpio Gold Corporation: Junior precious-metals producer with processing facilities in Nevada. Comparable to SBMI as a small-cap, mill-anchored gold/silver producer in the western US with a similar operational scale.
- Endeavour Silver Corp. Mid-tier silver mining company operating multiple mines in Mexico. Comparable as a multi-asset silver producer with hub-like processing feeding multiple satellite mines — directly mirrors SBMI's hub-and-spoke model in a similar tier of silver producer.
- Avino Silver & Gold Mines Ltd. TSX-listed silver and gold producer operating its own mill in Mexico. Comparable to SBMI as a vertically integrated, mill-anchored silver/gold producer with similar production-scale profile.
Broad incumbents
- Hecla Mining Company: Largest silver producer in the US with operations including Lucky Friday (Idaho) and Greens Creek (Alaska). Highly relevant given SBMI's Idaho (Washington Mine) and Arizona footprint and the US-focused silver exposure.
- Coeur Mining, Inc. US-focused silver and gold producer with operations across North America including historic Arizona and Idaho districts. Comparable geographic and metal exposure, though at substantially larger scale.
- First Majestic Silver Corp. Established silver producer with multiple mines in Mexico and a wholly-owned milling network. Comparable to SBMI in operating model (central mill processing satellite mines) but at significantly larger scale.
Regional players
- Northern Sphere Mining Corp. Arizona-focused mineral exploration and development company. Relevant peer given SBMI's Arizona operations and the fact that SBMI's metallurgist previously served as Chief Metallurgist of Northern Sphere Mining.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Silver Bullet Mines social profiles
Digital presenceSilver Bullet Mines financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver Bullet Mines leadership team
Management profileNumber of profiles
Profiles9 records
Silver Bullet Mines funding detail
Funding detailFunding overview
Funding rounds6 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver Bullet Mines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silver Bullet Mines
What does Silver Bullet Mines do?
Silver Bullet Mines acquires, explores, and operates high-grade silver, gold, copper, lead, zinc, and antimony mineral assets in Arizona and Idaho, processing mineralized material at its wholly-owned 125 tpd modular gravity mill in Globe, Arizona. The company sells gold and silver concentrates and direct-ship mineralized material to global trading firms, smelters, and refiners under long-term offtake agreements. It also operates an in-house assay laboratory and uses a 50 tph portable crushing plant built to its own specifications to scale production capacity up to 1,200 tpd.
Is Silver Bullet Mines a public or private company?
Silver Bullet Mines is a public company. It is classified as public and is currently operating.
When was Silver Bullet Mines founded?
Silver Bullet Mines was founded in 2021. It employs 11 to 50 people.
Where is Silver Bullet Mines based?
Silver Bullet Mines is headquartered in Burlington, Canada, in the North America region.
How does Silver Bullet Mines make money?
Three revenue lines are on record. Concentrate Sales are the primary driver. The others are direct Ship Material (DSO) and net Smelter Royalty (NSR).
Who are Silver Bullet Mines's main competitors?
Direct peers on record are MAG Silver Corp., Dolly Varden Silver Corporation, SilverCrest Metals Inc., Scorpio Gold Corporation, Endeavour Silver Corp. and Avino Silver & Gold Mines Ltd.. Broad incumbents are Hecla Mining Company, Coeur Mining, Inc. and First Majestic Silver Corp.. Northern Sphere Mining Corp. is listed as a regional player.
Does Silver Bullet Mines have an API?
No public API is recorded for Silver Bullet Mines.
What industry is Silver Bullet Mines in?
Silver Bullet Mines's product category is Precious Metals Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.