In this InvestorNews interview with host Tracy Weslosky, John Carter, CEO and Director of Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), delves into the unique origin story of the company and its innovative approach to mining and silver production. Carter recounted a story linking their McMorris Mine to the legendary Lone Ranger series, shedding light on the mine’s history. He explained that the author of the Lone Ranger book “actually came out to the McMorris Mine and bought silver directly from the mine, which they used to make silver bullets for promoting the Lone Ranger series.” This historical tidbit not only underscores the mine’s storied past but also serves as a testament to its long-standing significance in silver production.

Further into the discussion, Carter highlighted SBMI’s unconventional strategy towards mining and financial sustainability. With over 40 years of experience, Carter has witnessed the cyclic challenges of the sector, including the need for continuous capital raising and its dilutive effects on shareholders. SBMI’s strategy circumvents these issues by reactivating past-producing mines and utilizing existing resources to fund further exploration and development, rather than relying solely on external financing. This model is currently being applied in Arizona and Idaho, with the company already “producing silver” in Arizona and planning to use the generated revenues to bolster exploration efforts.

Furthermore, the recent strategic business alliance with Countryman Investments and the appointment of Dave Richardson to SBMI’s Advisory Board signal a significant strengthening of the company’s financial and operational capabilities.

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About Silver Bullet Mines Corp.

Silver Bullet Mines Corp. (SBMI) is making headway in the gold and silver production industry. SBMI recently revealed a third potential revenue stream through a partnership to process around 900 pounds of high-grade gold concentrate at its Globe, Arizona facility, benefiting from its advanced gravity circuit. Besides this, SBMI’s primary operations focus on silver extraction from the Buckeye Silver Mine and silver/gold production at its Washington Mine in Idaho, to be processed at its fully operational mill. The company recently reported promising high-grade silver findings from the Treasure Room and is working on a financing strategy for its operations. An ambitious goal is to stabilize the Treasure Room for deeper exploration. Another highlight was the successful interception of a mineral-rich zone at the Buckeye Mine, known as “Zone1,” believed to contain higher-grade silver. The company plans to continue mining this vein and refine the material at its Globe mill. Recent developments position SBMI as a leading player in silver mining, suggesting a bright future for the company and its investors.

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Disclaimer: Silver Bullet Mines Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

There are some occasions where digging deep into regulatory filings and doing your due diligence on a company can be downright entertaining. Not to take any significance away from ringing the bell to open the TSX yesterday, but Silver Bullet Mines Corp. (TSXV: SBMI) actually has a traceable history to the Lone Ranger and his calling card, the silver bullet. For those not familiar with the legend of the Lone Ranger, he was a fictional masked former Texas Ranger who fought outlaws in the American Old West with his Native American friend, Tonto. The character has been called an enduring icon of American culture, portrayed on radio, television, books and film. So before we take a look at the investment thesis for Silver Bullet Mines I’m going to take you on a trip through history with respect to their flagship asset, the Black Diamond Project in Arizona.

It all begins in Texas in 1868 with the Chilson family starting West to settle in California with cattle to exchange for land. By the time they reached Arizona, they were barely alive with all their cattle, provisions, and horses stolen by the Comanche Indians. They were grateful to be alive and were given refuge by Colonel King Wolsey on his ranch next to the Gila River Southwest of current-day Phoenix. Wolsey told the family a story of his scouting party that had a skirmish with a group of Apaches and discovered they were being fired upon with hammered silver bullets. The site was said to be about 12 miles (19.3 km) north of present-day Globe, Arizona near Apache Peaks. Six years later, one of the Chilson sons recalled the tale and sought to find the source of the Apaches’ silver bullets. He headed the 12 miles north to Apache Peaks where he found native and horn silver nuggets in a basin near the peak. He also spotted Apache Indians later that day and returned quickly to Globe after staking the initial claim.

Members of the current Silver Bullet team acquired the subsequent mine and surrounding mining claims from a Globe, Arizona resident in 1984. The paperwork for the property is said to have included a letter from Francis Striker, the original writer of the Lone Ranger radio series, and addressed to the former owners of the mining claims requesting permission to incorporate the high-grade silver mine and the silver bullet story into the Lone Ranger Series. Mr. Striker actually visited the mine when it was still in operation and was astounded by the native silver he observed being mined there. I think this is all pretty fascinating and one of the benefits of doing a little extra homework when reviewing a company. But an entertaining story doesn’t make an investor money unless Silver Bullet has some legacy rights to the Lone Ranger copyright, which they don’t, so we’ll move on.

Silver Bullet Mines Corp. has only been trading publicly since December 6, 2021 and upon listing released an operational update. With respect to the Black Diamond Project, covering 4,900 acres and hosting five former producing silver mines, the Company announced plans to put the Buckeye Silver Mine in pilot production in Q1/22, followed by full-scale production; finalize plans to have the McMorris Silver Mine back in production within 24 months; and carry out exploration programs elsewhere on Black Diamond to enable a decision on the order in which the remaining former producers will be put back in production. Then last week the Company announced they had begun extracting mineralized material from its Buckeye Silver Mine with the intention to produce an initial total of 10,000 tonnes of mineralized material at a rate of 125 tonnes per day. All of this will occur at Silver Bullet’s wholly-owned, state-of-the-art, modular pilot plant. The plant is designed to maximize the recovery of both gold and silver, although its modular nature means it can be adjusted to recover other metals. This is important as the Company also plans to investigate Black Diamond’s potential to host a copper porphyry.

The commissioning of the pilot plant will put Silver Bullet in the enviable position of being a junior mining company with the ability to actually generate free cash flow, thus reducing the number of potential financings required while continuing to build a resource. And where this gets exciting is that there is another 100% owned property that has had some truly spectacular results already. The Washington Mine on patented lands in the prolific placer gold district in Idaho (I’m not sure what the story behind this confusing naming is but I bet it’s not as interesting as the Lone Ranger story), has recently reported an average of 55.5 oz/ton silver (1,902 g/t) from an 80-kilogram bulk sample. On December 15, 2021 the Company announced 6,174 g/t silver and 18 g/t gold at its Washington Mine from sampling on the property.

As a potential investor, you have a lot of moving parts to keep an eye on, but that’s a good thing in this situation. The Company has a current market cap of C$23 million. If Silver Bullet can start generating free cash flow and self-finance future resource expansion, the current shares outstanding of 55.4 million won’t grow by very much. And to quote the Lone Ranger Creed, Silver Creek Mines “should make the most of what equipment they have”.