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Silver Bullet Mines Corp (SBMI) AI Stock Analysis

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TSE:SBMI

Silver Bullet Mines Corp

(TSXV:SBMI)

Select Model
Rating:43Neutral
Price Target:CAD 0.14â–²(28.57% Upside)
Action:reiterated
Date:06/12/26

The overall score is driven primarily by very weak financial performance and cash flow, as the company remains pre-revenue with deepening losses, persistent cash burn, and volatile equity despite low balance sheet leverage. Technical conditions add further downside risk, with the share price trading below all major moving averages and negative MACD signaling an entrenched downtrend, partially tempered by oversold RSI and Stochastic readings that could support short-term bounces. Valuation, based on a negative P/E ratio and no dividend, offers little conviction either way and does not offset the fundamental and technical risks, resulting in a low overall score that reflects high uncertainty and funding dependence typical of early-stage exploration companies.

Positive Factors
Low reported leverageModest reported debt and a positive equity balance in the latest TTM provide durable financial flexibility. Low leverage reduces bankruptcy and interest-rate exposure, enabling the company to pursue project development or negotiate financing on less onerous terms over the coming months.
Negative Factors
Pre-revenue business modelLack of any revenue and persistent negative gross profit means the business generates no internal cash and cannot self-fund operations. Over a multi-month horizon this structural shortfall necessitates external funding for continued activity and limits visible paths to sustainable profitability.

Silver Bullet Mines Corp (SBMI) vs. iShares MSCI Canada ETF (EWC)

-80%-60%-40%-20%0%20%40%TSE:SBMI-62.50%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 14.25M
Dividend Yield
―
Average Volume (3M)
56.91K
Price to Earnings (P/E)
-3.3
Beta (1Y)
1.14
Revenue Growth
―
EPS Growth
―
Country
Canada
Employees
0
Sector
General
Sector Strength
55
Industry
Other Precious Metals

Silver Bullet Mines Corp Business Overview & Revenue Model

Company Description

Silver Bullet Mines Corp., based in Burlington, Canada, is a company dedicated to the entire lifecycle of precious metal mining. This includes the acquisition of properties, their exploration, subsequent development, and the eventual extraction of va...

How the Company Makes Money

null

Silver Bullet Mines Corp Financial Statement Overview

Summary

Financial performance is weak: the company is pre-revenue with no sales across all reported periods, deepening net losses (from -1.9M in 2021 to -6.1M TTM), and consistently negative gross profit, indicating no current path to profitability. Persistent and growing operating and free cash flow deficits (operating cash flow from -1.3M in 2021 to -4.8M TTM) highlight ongoing cash burn and elevated funding risk. Balance sheet quality is somewhat better than earnings and cash flow, with low leverage (0.22 debt-to-equity TTM) and total assets stable around 3–5M, but equity swings between positive and negative and a -22% ROE point to poor capital efficiency. Overall, the profile is typical of a high-risk, development-stage miner with limited financial resilience despite modest balance sheet leverage.

Income Statement

12Very Negative

Balance Sheet

28Negative

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMSep 2025Sep 2024Jun 2023Jun 2022Dec 2019
Income Statement
Total Revenue000000
Gross Profit-2.35M-133.96K-138.22K-136.65K-47.00K0
EBITDA-5.66M-4.95M-1.96M-2.49M-5.94M6.80M
Net Income-6.09M-5.49M-2.27M-2.78M-6.07M-113.06K
Balance Sheet
Total Assets3.56M3.35M3.27M3.15M3.62M195.11K
Cash, Cash Equivalents and Short-Term Investments365.69K239.08K103.28K7,767284.85K96.81K
Total Debt308.38K1.31M2.04M1.21M273.97K338.08K
Total Liabilities2.16M3.43M3.44M1.89M537.99K478.55K
Stockholders Equity1.40M-79.09K-170.37K1.26M3.08M-283.43K
Cash Flow
Free Cash Flow-4.85M-4.08M-1.35M-1.94M-6.06M-95.17K
Operating Cash Flow-4.79M-3.97M-1.35M-1.85M-4.11M-95.17K
Investing Cash Flow-54.24K-107.85K-3,247-90.14K-1.87M0
Financing Cash Flow5.08M4.28M1.55M1.71M2.80M246.66K

Silver Bullet Mines Corp Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:SBMI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:SNGTSE:SNG44NeutralCAD 11.39M-11.76-18.50%――72.68%
TSE:SBMITSE:SBMI43NeutralCAD 14.25M-3.25-534.01%―――
TSE:SWLFTSE:SWLF40UnderperformCAD 3.73M-5.90-14.18%――51.16%
TSE:PNTRTSE:PNTR38UnderperformCAD 26.07M-29.84-10.57%―――
TSE:TSLVTSE:TSLV37UnderperformCAD 14.23M-2.53-192.11%――-37.34%

* General Sector Average

Performance Comparison

-50%0%50%100%TSE:SBMITSE:SWLFTSE:SNGTSE:PNTRTSE:TSLVTSE:AGADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SBMI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SBMISilver Bullet Mines Corp0.10-0.19-64.41%
TSE:SWLFSilver Wolf Exploration Ltd.0.06-0.08-57.14%
TSE:SNGSilver Range Resources0.12-0.02-13.53%
TSE:PNTRPantera Silver Corp.0.33-0.13-28.26%
TSE:TSLVTier One Silver, Inc.0.06-0.06-52.17%
TSE:AGASilver47 Exploration Corp0.46-0.25-35.21%

Silver Bullet Mines Corp Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Silver Bullet Mines Orders Portable Crusher, Plans Mill Expansion and Non-Equity Financing

Positive
Apr 10, 2026

Silver Bullet Mines Corp. has ordered a custom portable crushing plant to meet specifications under its five-year supply agreement with Ocean Partners US Inc., initially targeting production of 100 tons of mineralized material per day at its Columbia...

Business Operations and StrategyExecutive/Board Changes

Silver Bullet Mines Details Historical Data on New Arizona Assets and Announces Board Change

Neutral
Apr 10, 2026

Silver Bullet Mines has released historical technical data relating to its recently acquired Columbia and Gold Queen mines in Gila County, Arizona, which lie roughly 30 miles from its Globe mill and support its hub-and-spoke operating strategy. The a...

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.

Date of analysis: Jul 03, 2026