Silver Bullet Mines Corp (SBMI) AI Stock Analysis

• Market Cap: C$30.31M
• Dividend Yield: N/A
• Average Volume (3M): 203.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: N/A
• EPS Growth: -69.10%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.01
• Shares Outstanding: 134,712,660
• 10 Day Avg. Volume: 142,351
• 30 Day Avg. Volume: 203,641
• PEG Ratio: -0.02
• Price to Book (P/B): -165.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): C$5.90M

• Rating: 41 Neutral
• Price Target: C$0.22 ▼(-20.37% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

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.

Positive Factors

Focused exploration business model

A clear, narrow mandate on silver exploration gives the company durable operational focus. By concentrating on acquiring and advancing exploration-stage projects via geological evaluation, sampling and drilling, management can allocate scarce capital efficiently and capture high upside if discoveries scale.

Modest reported debt at latest point

Low reported debt at the latest point reduces near-term interest burden and bankruptcy risk relative to highly leveraged peers. This modest leverage profile provides some financial flexibility for additional exploration funding before debt becomes a constraining factor, assuming continued access to capital.

TSXV listing supports capital access

Being listed on the TSXV offers durable access to a mining-focused investor base and equity financing channels common for juniors. This structural market access increases the firm's ability to raise exploration capital and syndicate financings essential for multi-stage drilling and development programs.

Negative Factors

No revenue; widening losses

The absence of operating revenue means the business relies entirely on external financing and asset appreciation for survival. Net losses worsened materially (FY2024 ~ $2.3M to FY2025 ~ $5.5M), implying rising burn and no path to self-sustaining cash generation absent a material operational or financing change.

Persistent negative cash flow

Consistent negative OCF and FCF indicate ongoing cash burn from exploration and corporate costs. This pattern requires repeated external funding rounds, increases dilution risk for shareholders, and creates execution risk if capital markets tighten or financing terms worsen over the medium term.

Balance-sheet volatility; negative equity episodes

Episodes of negative equity and volatility in the capital structure reflect prior losses and unstable funding sources. Negative book equity undermines creditor confidence, can restrict financing options, and signals structural solvency risk that weakens the company's ability to underwrite multi-year exploration programs without dilutive support.

Silver Bullet Mines Corp Business Overview & Revenue Model

Company Description

Silver Bullet Mines Corp. engages in the acquisition, exploration, development, and extraction of natural resources, specifically precious metals in Arizona, Idaho, and Nevada. It primarily focuses on the development and operation of its Buckeye Silver Mine located outside of Globe, Arizona. The company is based in Burlington, Canada.

How the Company Makes Money

Silver Bullet Mines Corp generates revenue primarily through the extraction and sale of silver and other by-products obtained from its mining operations. The company engages in the exploration and development of mineral-rich properties, investing in technologies and methodologies to efficiently mine and process silver ore. Revenue streams include selling extracted silver to refineries and metal traders, who then distribute the silver for industrial, commercial, and investment purposes. The company's earnings are influenced by the global silver market prices, operational efficiencies, and partnerships with local and international mining entities that may provide access to new mining sites or advanced mining technologies.

Silver Bullet Mines Corp Financial Statement Overview

Summary

Financial performance is very weak: zero revenue across all periods, sizable and worsening net losses (TTM net loss about $6.1M), and consistently negative operating/free cash flow (TTM OCF and FCF about -$4.8M). While latest debt is low versus equity, prior negative equity and funding volatility keep risk elevated.

Income Statement

The income statement is very weak: the company reports zero revenue across all provided periods (including TTM (Trailing-Twelve-Months)), while losses remain sizable (TTM net loss of about $6.1M). Profitability has not stabilized—net losses worsened from FY2024 (~$2.3M loss) to FY2025 (~$5.5M loss), and gross profit is consistently negative, indicating ongoing costs without operating scale.

Balance Sheet

Leverage is mixed and the capital structure has been volatile. On the positive side, TTM debt is low (~$0.3M) versus equity (~$1.4M), implying modest leverage at the latest point. However, equity turned negative in FY2024 and FY2025 (a major balance-sheet risk), and debt spiked in FY2024–FY2025 before declining again, highlighting funding instability. Returns to shareholders are also poor given persistent losses.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative in every period shown (TTM operating cash flow about -$4.8M; TTM free cash flow about -$4.8M). While TTM free cash flow is slightly better than FY2025 annual, the overall pattern suggests continued cash burn and reliance on external financing to sustain operations.

Breakdown	TTM	Sep 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-2.35M	-133.96K	-138.22K	-136.65K	-47.00K	0.00
EBITDA	-5.66M	-4.95M	-1.96M	-2.49M	-5.94M	-83.88K
Net Income	-6.09M	-5.49M	-2.27M	-2.78M	-6.07M	-1.89M
Balance Sheet
Total Assets	3.56M	3.35M	3.27M	3.15M	3.62M	5.13M
Cash, Cash Equivalents and Short-Term Investments	365.69K	239.08K	103.28K	7.77K	284.85K	3.51M
Total Debt	308.38K	1.31M	2.04M	1.21M	273.97K	230.13K
Total Liabilities	2.16M	3.43M	3.44M	1.89M	537.99K	599.06K
Stockholders Equity	1.40M	-79.09K	-170.37K	1.26M	3.08M	4.53M
Cash Flow
Free Cash Flow	-4.85M	-4.08M	-1.35M	-1.94M	-6.06M	-2.30M
Operating Cash Flow	-4.79M	-3.97M	-1.35M	-1.85M	-4.11M	-1.27M
Investing Cash Flow	-54.24K	-107.85K	-3.25K	-90.14K	-1.87M	-1.10M
Financing Cash Flow	5.08M	4.28M	1.55M	1.71M	2.80M	5.87M

Silver Bullet Mines Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SBMI, the sentiment is Negative. The current price of 0.27 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.26, and above the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.50 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SBMI.

Silver Bullet Mines Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SWLF	58 Neutral	C$11.19M	-48.04	-8.97%	―	―	47.37%
TSLV	52 Neutral	C$33.64M	-16.04	-71.82%	―	―	44.12%
SNG	51 Neutral	C$15.25M	-44.79	-44.50%	―	―	-221.30%
PNTR	42 Neutral	C$42.14M	-73.87	-72.41%	―	―	-14.77%
SBMI	41 Neutral	C$30.31M	-8.13	-9498.89%	―	―	-69.10%

Silver Bullet Mines Corp Corporate Events

Silver Bullet Mines Reports High-Grade Silver Assays at Idaho Washington Mine and Secures Warrant Proceeds

Silver Bullet Mines Corp. reported encouraging assay results from its autumn 2025 exploration program at the past-producing Washington Mine in Idaho, where 13 surface samples from a quartz vein near the main shaft averaged 33.9 ounces of silver per ton, with grades up to 269 ounces per ton. These results, consistent with historical production and prior company sampling, support the potential for significant high-grade precious metal mineralization at the site and underpin plans for further drilling and bulk sampling.

The company is advancing plans for core drilling of both the Subrosa structure and the Washington Vein in spring 2026 to define grade, confirm mineralized volume and refine economics ahead of mining, alongside metallurgical work with an external processor. Silver Bullet also strengthened its balance sheet with the exercise of more than 3.6 million warrants, generating proceeds of about $588,000, which should help fund ongoing exploration and development across its U.S. projects.

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.

Silver Bullet Mines Bolsters Arizona Hub with Acquisition of Two Past-Producing Mines

Silver Bullet Mines Corp. has acquired the past-producing Columbia and Gold Queen mines in Gila County, Arizona, adding twelve contiguous BLM mineral claims with historical copper, gold and silver production to its portfolio less than 30 miles from its Globe processing mill. Following due diligence confirming that ore from these sites can be processed at its mill, the company is preparing access, evaluating stockpiles for immediate shipment to recover metals, and considering rehabilitating underground workings, with the goal of generating saleable concentrates and direct shipping ore under an existing conditional offtake contract; the low cash-only acquisition cost, absence of royalties, and plans to expand mill capacity underscore management’s strategy to quickly grow tonnage and feed for the mill, strengthening its Arizona operating platform and reinforcing the effectiveness of its hub-and-spoke model for stakeholders.

The most recent analyst rating on (TSE:SBMI) stock is a Hold with a C$0.30 price target. To see the full list of analyst forecasts on Silver Bullet Mines Corp stock, see the TSE:SBMI Stock Forecast page.

Silver Bullet Mines Receives First Payment From Arizona Gold-Silver Operations

Silver Bullet Mines Corp. has received its first payment for gold and silver concentrate from its Arizona operations, marking a transition from development and ramp-up activities to cash-generating production. The company has completed five shipments of concentrate, primarily derived from waste material at the KT and SC mines, is processing material for a sixth shipment, and expects future shipments to increase in both tonnage and grade, reinforcing management’s confidence in the operational viability of its Arizona assets and its strategy to build shareholder value through disciplined execution.

The most recent analyst rating on (TSE:SBMI) stock is a Sell with a C$0.28 price target. To see the full list of analyst forecasts on Silver Bullet Mines Corp stock, see the TSE:SBMI Stock Forecast page.

Silver Bullet Mines Uncovers High-Grade Silver-Gold Zone at KT Mine in Arizona

Silver Bullet Mines has identified a new potential high-grade silver-gold zone at its KT Mine in Arizona, where initial in-house assays from 12 samples returned between seven and twenty-seven ounces per ton silver, contrasting with the main KT vein that is primarily gold-rich with silver. The company has traced the newly exposed vein for more than 200 feet at surface, is excavating along strike, and has removed a 200-ton bulk sample for processing at its nearby mill, where concentrate from this zone is expected to be sold to the same buyer that is already receiving KT Mine concentrate. Processing of material from the main KT zone is ongoing, with four concentrate shipments already completed and a fifth imminent, and the company expects higher head grades as underground mining begins; meanwhile, SBMI is awaiting assay results and payment for its first concentrate shipment and is assessing strong fall development results from its Washington Mine in Idaho. The recent exercise of more than 6.6 million warrants at strike prices of $0.16 and $0.17 has bolstered the company’s working capital, supporting continued development, processing expansion and the advancement of new discoveries within its hub-and-spoke operating model.

The most recent analyst rating on (TSE:SBMI) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Silver Bullet Mines Corp stock, see the TSE:SBMI Stock Forecast page.

Silver Bullet Mines Secures Direct-Ship Deal to Boost Revenue and Mine Development

Silver Bullet Mines Corp. has signed a one-year, renewable agreement with a major industry client to direct ship up to 12,000 tons of crushed material from its KT Gold and SC Silver mines in Arizona starting in the first quarter of 2026, without impacting existing milling operations. The deal, which uses London precious metals pricing and provides 80% provisional payments shortly after shipment documentation, is expected to create a significant new revenue stream, support expanded recovery of lower-grade ore amid higher metal prices, increase daily volumes while preserving high-grade underground material, and help fund mill throughput expansion and underground development, while the company also reports its fourth batch of concentrate ready for pickup and settles debenture interest through share issuance.