Silver Bullet Mines Corp (TSE:SBMI)
:SBMI
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Silver Bullet Mines Corp
(SBMI)
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Rating:46Neutral
Price Target:
C$0.21
▼(-23.70% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (ongoing losses and heavy cash burn with financing/dilution risk) and only modest technical strength (negative MACD and below key moving averages). Positive corporate developments (offtake deal, first payments/shipments, and project progress) provide upside optionality, but do not yet offset the lack of demonstrated sustainable revenue and cash generation. Valuation is also difficult to support given negative earnings and no dividend.
Positive Factors
Offtake Agreement
A secured five-year offtake agreement creates multi-year demand visibility for production, improving project bankability and lowering market/placement risk. Over 2–6 months this structural contract supports financing discussions, de-risks commercialization and helps stabilize future revenue streams as output ramps.
Negative Factors
High Cash Burn
Consistent and sizable negative operating and free cash flow means the business cannot self-fund development and relies on external capital. Persistent burn increases refinancing frequency, raises cost of capital, and elevates dilution risk, constraining long-term project progress unless cash generation improves materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Offtake Agreement
A secured five-year offtake agreement creates multi-year demand visibility for production, improving project bankability and lowering market/placement risk. Over 2–6 months this structural contract supports financing discussions, de-risks commercialization and helps stabilize future revenue streams as output ramps.
Read all positive factors
Silver Bullet Mines Corp (SBMI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.31M
Dividend YieldN/A
Average Volume (3M)203.64K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue GrowthN/A
EPS Growth-69.10%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding134,712,660
10 Day Avg. Volume142,351
30 Day Avg. Volume203,641
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$5.90M
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 S...
How the Company Makes Money
SBMI generates revenue primarily through the extraction and sale of silver and other byproduct metals sourced from its mining operations. The company explores and develops mineral-rich properties and sells the extracted materials to refiners, smel...
Silver Bullet Mines Corp Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
30
Negative
Cash Flow
10
Very Negative
| 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
Negative
0.27
Price Trends
0.24
Negative
0.25
Negative
0.24
Negative
Market Momentum
>-0.01
Positive
44.90
Neutral
18.52
Positive
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 0.24, and above the 200-day MA of 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | C$9.33M | -48.04 | -8.97% | ― | ― | 47.37% | |
52 Neutral | C$31.05M | -16.04 | -162.44% | ― | ― | 44.12% | |
51 Neutral | C$13.77M | -44.79 | -56.83% | ― | ― | -221.30% | |
46 Neutral | C$30.31M | -8.13 | -2228.93% | ― | ― | -69.10% | |
41 Neutral | C$40.64M | -73.87 | -25.82% | ― | ― | -14.77% |
* Basic Materials Sector Average
TSE:SBMI
Silver Bullet Mines Corp
0.23
0.04
18.42%
TSE:SWLF
Silver Wolf Exploration
0.15
0.07
87.50%
TSE:SNG
Silver Range Resources
0.14
0.05
55.56%
TSE:PNTR
Pantera Silver
0.57
0.27
90.00%
TSE:TSLV
Tier One Silver
0.12
0.04
50.00%
TSE:AGA
Silver47 Exploration Corp
0.69
0.04
6.15%
Silver Bullet Mines Corp Corporate Events
Business Operations and Strategy
Silver Bullet Mines Secures Five-Year Offtake Deal With Ocean Partners
Positive
Mar 3, 2026
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. T...
Business Operations and StrategyPrivate Placements and Financing
Silver Bullet Mines Reports High-Grade Silver Assays at Idaho Washington Mine and Secures Warrant Proceeds
Positive
Feb 18, 2026
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 pe...
Business Operations and StrategyM&A Transactions
Silver Bullet Mines Bolsters Arizona Hub with Acquisition of Two Past-Producing Mines
Positive
Feb 5, 2026
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 fro...
Business Operations and StrategyFinancial Disclosures
Silver Bullet Mines Receives First Payment From Arizona Gold-Silver Operations
Positive
Jan 30, 2026
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 shipme...
Business Operations and StrategyPrivate Placements and Financing
Silver Bullet Mines Uncovers High-Grade Silver-Gold Zone at KT Mine in Arizona
Positive
Jan 5, 2026
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 vei...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.