# SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-bull-provides-update-on-its-arbitration-case-against-mexico--06d8ecf2-1c87-4db5-b563-99fcb1960d9c Original source: https://money.tmx.com/en/quote/SVB/news/5119165001357688/silver-bull-provides-update-on-its-arbitration-case-against-mexico Publisher: tmx Original announcement: 2025-10-14T20:30:00.000Z 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 02:59:22 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: Arbitration hearing completed, moving towards final award - Positive factor: Litigation funding of US$9.5 million secured - Positive factor: Significant mineral resource base at Sierra Mojada - Negative factor: Ongoing illegal blockade of the Sierra Mojada Project since 2019 Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-provides-update-on-its-arbitration-case-against-mexico--06d8ecf2-1c87-4db5-b563-99fcb1960d9c#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: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 factor: 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 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-provides-update-on-its-arbitration-case-against-mexico--06d8ecf2-1c87-4db5-b563-99fcb1960d9c#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: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 factor: 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 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-provides-update-on-its-arbitration-case-against-mexico--06d8ecf2-1c87-4db5-b563-99fcb1960d9c#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: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 factor: 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 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-provides-update-on-its-arbitration-case-against-mexico--06d8ecf2-1c87-4db5-b563-99fcb1960d9c#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: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 factor: 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 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 ## 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.