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 03:01:14 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Bull Resources provides an update on its international arbitration case against Mexico regarding the illegal blockade of the Sierra Mojada Project, with hearings set for October 2025. The company is supported by up to US$9.5 million in litigation funding and restates its NI 43-101 compliant resource at Sierra Mojada.
Reasoning: The announcement provides a procedural update on a significant legal arbitration case against Mexico, supported by substantial litigation funding, while restating the company's core resource assets.
Positive factors
- Legal update on arbitration case
- Litigation funding secured for US$9.5 million
- Strong resource base mentioned
Negative factors
- Ongoing illegal blockade of Sierra Mojada Project
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 figures.
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
- 2025-10-01T00:00:00.000Z
Reasoning: Restatement of the global mineral 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
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: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
- 2025-10-01T00:00:00.000Z
Reasoning: Restatement of the global mineral resource.
Positive factors
- Significant silver content
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 · 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
- 2025-10-01T00:00:00.000Z
Reasoning: Restatement of the high grade zinc zone 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
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: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
- moz
- Cutoff Grade
- 50
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-10-01T00:00:00.000Z
Reasoning: Restatement of the high grade silver zone within the global resource.
Positive factors
- High grade intercept
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.