Peter Clausi on Silver Bullet Mines’ Second Commercial Shipment of Gold and Silver

“Shipping means revenue, means cash for the shareholders.” That was how Peter Clausi, Director and Vice President of Capital Markets at Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), described the company’s latest operational milestone. In a discussion with InvestorNews host Tracy Hughes, Clausi confirmed that following a first shipment of approximately 4,000 pounds of gold concentrate from the KT Gold Mine and about 2,000 pounds from the SC Mine, Silver Bullet has prepared about 2,500 pounds of concentrate from the KT Gold Mine for its second shipment.The company’s news release, issued November 17, 2025, noted that payment for initial shipments will be made 60 days from receipt at the refinery, and that future shipments are targeted every two weeks, each ranging between roughly 2,500 and 4,000 pounds of concentrate. In the interview, Clausi reiterated the cadence: “Every two weeks. Every two weeks. Every two weeks.”Clausi emphasized the importance of assay results in determining the value of the shipments. “We’re not talking dollar amounts yet,” he stated. “The buyer will run its own assays. We will share … our assay results, and then we will figure out … what that shipment is worth and we’ll be paid.” He added that the independent lab results for the SC Mine material had exceeded detection limits across the board—“every single sample ran over the detection limits … It’s an excellent problem to have.”Regarding processing, Clausi explained the technical process in simple terms: “If there’s, let’s say, X amount of gold in the host material … you go through the process … you’re stripping away anything that isn’t gold, so what you have left … is gold in the concentrate.” He also clarified that Silver Bullet is concentrating its efforts on the KT Mine because “we believe that there’s a lot more value per ton in the KT material—gold—than there is in the SC material—silver.” He confirmed that material from the KT Mine is already in the mill and on the ground undergoing processing into gold concentrate in preparation for the next shipment. He also pointed ahead to the next quarter: “Our announcement of what the KT material from the first and second shipments assays at … how that translates into ‘X’ dollars of revenue. That’ll be a very exciting news release.… we’re also doing work up in Idaho, and there should be additional news about the great progress we’re making up there.”