# 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--c4470f10-4bb0-4614-94f4-02e3317ff6ae Original source: https://money.tmx.com/en/quote/SVB/news/4852719347858853/silver-bull-provides-update-on-its-arbitration-case-against-mexico Publisher: tmx Original announcement: 2025-10-01T09:00:00.000Z 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 03:01:14 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Legal update on arbitration case - Positive factor: Litigation funding secured for US$9.5 million - Positive factor: Strong resource base mentioned - Negative factor: Ongoing illegal blockade of Sierra Mojada Project 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 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-bull-provides-update-on-its-arbitration-case-against-mexico--c4470f10-4bb0-4614-94f4-02e3317ff6ae#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: 2025-10-01T00:00:00.000Z Reasoning: Restatement of the global mineral 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 **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-provides-update-on-its-arbitration-case-against-mexico--c4470f10-4bb0-4614-94f4-02e3317ff6ae#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: 2025-10-01T00:00:00.000Z Reasoning: Restatement of the global mineral resource. - Positive factor: 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 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-provides-update-on-its-arbitration-case-against-mexico--c4470f10-4bb0-4614-94f4-02e3317ff6ae#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: 2025-10-01T00:00:00.000Z Reasoning: Restatement of the high grade zinc zone 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 **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-provides-update-on-its-arbitration-case-against-mexico--c4470f10-4bb0-4614-94f4-02e3317ff6ae#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: 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 factor: 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 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.