Silver Bullet Mines Secures Five-Year Offtake Deal With Ocean Partners

An update from Silver Bullet Mines Corp ( (TSE:SBMI) ) is now available.

Silver Bullet Mines Corp. has signed a five-year framework agreement with global metals trader Ocean Partners US Inc. under which all material from the company’s Arizona mines, in concentrate or other forms, will be sold to Ocean Partners. The deal initially covers up to 36,000 tons of product per year, with scope to increase volumes, giving Silver Bullet a secure outlet for its output as it scales production.

The agreement, reached after onsite due diligence by Ocean Partners, provides confidential commercial terms that are expected to support significant revenue generation and fund operational expansion. Silver Bullet is currently boosting throughput at its Globe, Arizona mill, adding new circuits, planning a portable crushing plant at the Columbia Mine subject to financing, and expects future concentrate shipments, including current inventory, to fall under the Ocean Partners arrangement, while the trader has also signaled interest in the company’s Washington Mine in Idaho.

The most recent analyst rating on (TSE:SBMI) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Silver Bullet Mines Corp stock, see the TSE:SBMI Stock Forecast page.

Spark’s Take on TSE:SBMI Stock

According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Neutral.

Overall score is driven down primarily by very weak financial performance (no revenue, widening losses, and persistent cash burn). Technical indicators add a modest negative bias (below key moving averages with negative MACD), while valuation provides limited support due to the negative P/E and no indicated dividend yield.

To see Spark’s full report on TSE:SBMI stock, click here.

More about Silver Bullet Mines Corp

Silver Bullet Mines Corp. is a Canadian mining company focused on developing and operating mines in the U.S., with current assets in Arizona and Idaho. The company operates a wholly owned mill in Globe, Arizona, producing high grade mineralized material and concentrates, and is working to bring the historic Washington Mine in Idaho back into production.

Average Trading Volume: 241,336

Technical Sentiment Signal: Buy

Current Market Cap: C$31.66M

See more data about SBMI stock on TipRanks’ Stock Analysis page.