SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE 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 02:59:22 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Bull Resources has completed a 5-day arbitration hearing against the United States of Mexico regarding the ongoing blockade of its Sierra Mojada Project. The company is financially supported by a US$9.5 million litigation funding agreement and awaits a final tribunal award. The release also restates the company's NI 43-101 compliant mineral resource at Sierra Mojada.
Reasoning: The company has reached a procedural milestone in its legal battle against Mexico for expropriation, supported by significant litigation funding, while maintaining a substantial zinc-silver resource.
Positive factors
- Arbitration hearing completed, moving towards final award
- Litigation funding of US$9.5 million secured
- Significant mineral resource base at Sierra Mojada
Negative factors
- Ongoing illegal blockade of the Sierra Mojada Project since 2019
Facts used in scoring: 4
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document restates the Sierra Mojada mineral resource details.
Evidence · text
“Sierra Mojada is an open pittable oxide deposit with a 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:8db14c3d0d9727de3b3b
- Deposit or zone
- global
- 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
- 2025-10-14T00:00:00.000Z
Reasoning: Large scale zinc resource reported as part of the global resource.
Positive factors
- Large scale resource
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
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:8db14c3d0d9727de3b3b
- Deposit or zone
- global
- 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
- 2025-10-14T00:00:00.000Z
Reasoning: Significant silver byproduct reported within the global resource.
Positive factors
- Significant silver byproduct
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
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:d23ea703dd967024d85f
- Deposit or zone
- high grade zinc zone
- 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
- 2025-10-14T00:00:00.000Z
Reasoning: High grade zinc zone reported within the global resource.
Positive factors
- High grade intercept
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
indicatedSierra Mojada · silverTonnes: 15200000Grade: 114.9Grade Unit: g/tContained Metal: 56.3Contained Unit: million contained ouncesView 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:b190bb1ba5db0e54aab3
- Deposit or zone
- high grade silver zone
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15200000
- Grade
- 114.9
- Grade Unit
- g/t
- Contained Metal
- 56.3
- Contained Unit
- million contained ounces
- Cutoff Grade
- 50
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-10-14T00:00:00.000Z
Reasoning: High grade silver zone reported within the global resource.
Positive factors
- High grade silver zone
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
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.