Exhibit 12.1

Simmons Associates Ltd.
4 Richmond Square, Suite 102, Providence, RI 02906
Telephone (401) 272-5800 xt 100 Telecopier (401) 272-5858 Web:www.simmonsltd.com
41 Bellevue Avenue, Newport RI 02840
(401) 272-5800
Admitted in Massachusetts and Rhode Island

January 4, 2024

Board of Directors C3 Bullion, Inc.
875 N. Michigan Avenue, Suite 3100
Chicago, IL 60611

Gentlemen:
We have acted, at your request, as special counsel to C3 Bullion, Inc., a
Delaware corporation, (C3B) for the purpose of rendering an opinion as to
the legality of 4,000,000 shares of C3B common stock, par value $0.001
per share to be offered and distributed by C3B (the Shares), pursuant
to an Offering Statement filed under Regulation A of the Securities Act of
1933, as amended, by C3B with the U.S. Securities and Exchange Commission
(the SEC) on Form 1-A, for the purpose of registering the offer and sale
of the Shares (Offering Statement).

For the purpose of rendering our opinion herein, while we are not
licensed to practice in the State of Delaware, have reviewed statutes of
the State of Delaware, to the extent we deem relevant to the matter opined
upon herein, certified or purported true copies of the Certificate of
incorporation of C3B and all amendments thereto, the By-Laws of C3B,
selected proceedings of the board of directors of C3B authorizing the
issuance of the Shares, certificates of officers of C3B, and such other
documents of C3B and of public officials as we have deemed necessary and
relevant to the matter opined upon herein. We have assumed, with respect
to persons other than directors and officers of C3B, the due and proper
election or appointment of all persons signing and purporting to sign the
documents in their respective capacities, as stated therein, the
genuineness of all signatures, the conformity to authentic original
documents of the copies of all such documents submitted to me as certified,
conformed and photocopied, including the quoted, extracted, excerpted and
reprocessed text of such documents.

Based upon the review described above, it is our opinion that the Shares
are duly authorized and when, as and if issued and delivered by C3B
against payment therefore, as described in the offering statement, will
be validly issued, fully paid and non-assessable.

We have not been engaged to examine, nor have we examined, the Offering
Statement for the purpose of determining the accuracy or completeness of
the information included therein or the compliance and conformity thereof
with the rules and regulations of the SEC or the requirements of Form 1-A,
and we express no opinion with respect thereto. Our foregoing opinion is
strictly limited to matters of Delaware corporation law; and we do not
express an opinion on the federal law of the United States of America or
the law of any state or jurisdiction therein other than, as specified
herein.

We hereby consent to the filing of this opinion as Exhibit 12.1 to the
Offering Statement and to the reference to our firm under the caption
Legal Matters in the Offering Circular constituting a part of the
Offering Statement. We assume no obligation to update or supplement any
of the opinion set forth herein to reflect any changes of law or fact
that may occur following the date hereof.

Very truly yours,

/Simmons Associates, Ltd./