Burlington, Ontario--(Newsfile Corp. - April 25, 2022) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to provide the following update on the current status of operations at its 100%-owned mill near Globe, Arizona.
All major components are in place at the mill and the technical team is completing the installation of smaller components while preparing for the installation of the electrical system. The timing of starting of the electrical work was dependent upon the timing of delivery of the third shipping container to the millsite and the installation of the equipment including the Motor Control Centre ("MCC"). The installation of those items was a pragmatic pre-condition to SBMI applying for the requisite permits.
Once those items were installed, SBMI applied for and received the necessary permits. With those permits in hand the electrical contractor is currently assembling the panels and switchgear at its plant mill. SBMI anticipates that task should be completed in the next three weeks. Cable trays on the mill and MCC are installed in anticipation of the electrical team being on-site. As an ESG-committed company SBMI is ensuring all installations are carried out safely, to code, and with minimal impact on the environment.
"As much as we'd like to, we are unable to give with precision an exact date upon which the mill will be turning, but we are extremely close to being able to process ore from the Buckeye Silver Mine," said A. John Carter, SBMI's CEO. "The field team has been doing tremendous work to get us here. We continue to stockpile ore at the millsite in anticipation of mill completion."
SBMI also announces that it has been invited to present again at the Emerging Growth Conference on Wednesday, April 27 at 12:30 pm EST.
SBMI first presented at the Emerging Growth Conference in December, 2021, just after SBMI's common shares were listed on the TSX Venture Exchange. Now that SBMI's shares also trade through the OTCQB, it seemed appropriate to re-visit this conference to update attendees on SBMI's progress at its silver mines in Arizona and Idaho.
This will again be a real-time, interactive event will give existing shareholders and the investment community the opportunity to interact with Mr. Peter M. Clausi, SBMI's VP, Capital Markets, in real time. Mr. Clausi will provide a general overview of SBMI, its capital structure, its achievements in the field, its ESG successes, and its plans for the future. The floor will then be open for questions.
Please register at the link below to ensure attendance at the conference and to receive any updates that are released.
https://goto.webcasts.com/starthere.jsp?ei=1541769&tp_key=abbe1c785f&sti=sbmcf
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com.
About the Emerging Growth Conference
The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.
The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. All sessions are conducted through video webcasts.
Please check the Company's website www.silverbulletmines.com, or follow on Twitter @bulletmines or at YouTube "Silver Bullet Mines".
For further information, please contact:
John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
Silver Bullet Mines Corp. trades on the TSX Venture Exchange under the symbol SBMI and on the OTCQB Venture Market under the symbol SBMCF. The OTCQB Venture Market is for early stage and developing U.S. and international companies. Companies listed there are current in their reporting and undergo an annual verification and management certification process. Investors can find current financial disclosure for the Company on www.otcmarkets.com and at https://money.tmx.com/en/quote/SBMI .
This news release contains certain statements that 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", "expects", "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 forward-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 securities 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 other 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 ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; 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 viruses create risks that at this time are immeasurable and impossible to define.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121499
