Silver Bull Files Memorial in Claim Against Mexico
Original announcement by tmx on
- Company
- Silver Bull Resources, Inc.
- Ticker
- SVB
- Exchange
- TSX
- Region
- Coahuila, Mexico
- Primary commodity
- Zinc
- Secondary commodities
- Silver
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-13 03:03:34 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Bull Resources has filed a memorial submission in its international arbitration claim against Mexico, seeking US$408 million in damages due to an illegal blockade of the Sierra Mojada project. The company has secured US$9.5 million in non-dilutive litigation funding to support the claim and its operations.
Reasoning: The company has reached a major legal milestone in its arbitration against Mexico, seeking significant damages, supported by non-dilutive funding, though the underlying project remains blocked.
Positive factors
- US$408 million damages claim filed
- US$9.5 million non-dilutive litigation funding secured
Negative factors
- illegal blockade since 2019 preventing site access
- total loss of investment at Sierra Mojada
Facts used in scoring: 4
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource is explicitly described as NI 43-101 compliant.
Evidence · text
“NI 43-101 compliant Measured and Indicated "global" Mineral Resource”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedSierra Mojada · zincTonnes: 70400000Grade: 3.4Grade Unit: %Contained Metal: 5.35Contained Unit: billion poundsView all detailsHide details
Identity
- Project
- Sierra Mojada
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Coahuila, Mexico
- Ticker
- SVB
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:0f4160b7e6370afd8e18
- Deposit or zone
- global
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 3.4
- Grade Unit
- %
- Contained Metal
- 5.35
- Contained Unit
- billion pounds
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-06-18T00:00:00.000Z
Reasoning: Large scale zinc resource reported as part of the global estimate.
Positive factors
- large tonnage
Evidence · text
“70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
indicatedSierra Mojada · silverTonnes: 70400000Grade: 38.6Grade Unit: g/tContained Metal: 87.4Contained Unit: mozView all detailsHide details
Identity
- Project
- Sierra Mojada
- Commodity
- silver
- Region
- mexico
- Reported Region
- Coahuila, Mexico
- Ticker
- SVB
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:0f4160b7e6370afd8e18
- Deposit or zone
- global
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 38.6
- Grade Unit
- g/t
- Contained Metal
- 87.4
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-06-18T00:00:00.000Z
Reasoning: Significant silver byproduct reported in the global resource.
Positive factors
- significant silver content
Evidence · text
“70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
indicatedSierra Mojada · zincTonnes: 13500000Grade: 11.2Grade Unit: %Contained Metal: 3.336Contained Unit: billion poundsView all detailsHide details
Identity
- Project
- Sierra Mojada
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Coahuila, Mexico
- Ticker
- SVB
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:404da7a5a00d83318ece
- Deposit or zone
- high grade zinc zone
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13500000
- Grade
- 11.2
- Grade Unit
- %
- Contained Metal
- 3.336
- Contained Unit
- billion pounds
- Cutoff Grade
- 6
- Cutoff Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-06-18T00:00:00.000Z
Reasoning: High grade zinc sub-zone within the global resource.
Positive factors
- high grade
Evidence · text
“13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
indicatedSierra Mojada · silverTonnes: 15200000Grade: 114.9Grade Unit: g/tContained Metal: 56.3Contained Unit: mozView all detailsHide details
Identity
- Project
- Sierra Mojada
- Commodity
- silver
- Region
- mexico
- Reported Region
- Coahuila, Mexico
- Ticker
- SVB
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:20ed0290785d0cc81400
- Deposit or zone
- high grade silver zone
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15200000
- Grade
- 114.9
- Grade Unit
- g/t
- Contained Metal
- 56.3
- Contained Unit
- moz
- Cutoff Grade
- 50
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-06-18T00:00:00.000Z
Reasoning: High grade silver sub-zone within the global resource.
Positive factors
- high grade
Evidence · text
“15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.