# Silver Bull Files Memorial in Claim Against Mexico Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-bull-files-memorial-in-claim-against-mexico--a064e15f-6916-4a34-92f3-e5ec708cfa3e Original source: https://money.tmx.com/en/quote/SVB/news/8725008097036831/silver-bull-files-memorial-in-claim-against-mexico Publisher: tmx Original announcement: 2024-06-18T21:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: -0.40 · Bearish ## Minestarters Atlas 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 factor: US$408 million damages claim filed - Positive factor: US$9.5 million non-dilutive litigation funding secured - Negative factor: illegal blockade since 2019 preventing site access - Negative factor: total loss of investment at Sierra Mojada Facts used in scoring: 4 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-files-memorial-in-claim-against-mexico--a064e15f-6916-4a34-92f3-e5ec708cfa3e#fact-resource-facts-0) Sierra Mojada · zinc #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: 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 Disclosure** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-files-memorial-in-claim-against-mexico--a064e15f-6916-4a34-92f3-e5ec708cfa3e#fact-resource-facts-1) Sierra Mojada · silver #### 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 factor: significant silver content Evidence · text > 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: 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 Disclosure** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-files-memorial-in-claim-against-mexico--a064e15f-6916-4a34-92f3-e5ec708cfa3e#fact-resource-facts-2) Sierra Mojada · zinc #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosure** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-files-memorial-in-claim-against-mexico--a064e15f-6916-4a34-92f3-e5ec708cfa3e#fact-resource-facts-3) Sierra Mojada · silver #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosure** Polarity: negative Definition: 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.