Silver Bull arbitration against Mexico to start Oct. 6

Executive Summary

• Silver Bull Resources Inc. will hold the hearing for its arbitration against Mexico from Oct. 6‑11, 2025 in Washington, D.C.
• The dispute stems from Mexico’s alleged illegal blockade of the Sierra Mojada zinc‑silver project, initiated under NAFTA/USMCA and the ICSID Convention.
• Litigation funding of up to $9.5 million has been secured from Bench Walk Advisors LLC to finance the arbitration.

Key Details

• Arbitration Schedule: Hearing dates – Oct. 6‑11, 2025; tribunal’s award expected within ~6 months after hearing.
• Legal Basis: Claims filed under NAFTA/USMCA and the International Centre for Settlement of Investment Disputes (ICSID) Convention.
• Funding Arrangement: Bench Walk Advisors LLC provides up to $9.5 million U.S. under a litigation‑funding agreement to cover case costs and related corporate expenses.
• Counsel: Boies Schiller Flexner LLP (BSF) appointed as lead counsel for Silver Bull in the arbitration.
• Background Timeline:
• Mar 2, 2023 – Formal notice to Mexico of intent to arbitrate.
• May 30, 2023 – Meeting with Mexican officials in Mexico City; amicable settlement period expired Jun 2, 2023 without resolution.
• Project at Issue – Sierra Mojada:
• Only asset: open‑pit oxide deposit in Coahuila, Mexico.
• Measured & indicated resource: 70.4 Mt @ 3.4% Zn, 38.6 g/t Ag (≈5.35 bn lb Zn, 87.4 Moz Ag).
• High‑grade zones:
  • Zinc – 13.5 Mt @ 11.2% Zn (≈3,336 M lb Zn) at 6% cut‑off.
  • Silver – 15.2 Mt @ 114.9 g/t Ag (≈56.3 Moz Ag) at 50 g/t cut‑off.
• Mineralization remains open to the east, west and north.

Notable Quotes

• “The management of Silver Bull is confident in its legal position and looks forward to presenting its case at the upcoming hearing.” – Company statement.