Regulatory
SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO AND VOTING RESULTS OF THE ANNUAL MEETING OF SHAREHOLDERS
Sierra Mojada Arbitration Timeline Confirmed

Executive Summary
- The most recent release (April 16, 2026) confirms the International Centre for Settlement of Investment Disputes (ICSID) tribunal is expected to render a final award regarding Silver Bull's arbitration against Mexico by the end of May 2026.
- The arbitration concerns the illegal blockade of the Sierra Mojada Project which has been ongoing since September 2019 under USMCA and NAFTA frameworks.
- Litigation funding of up to US$9.5 million is being provided by Bench Walk Advisors LLC via a Litigation Funding Agreement for case costs and company operations.
- At the Annual General Meeting (AGM), shareholders re-elected four directors with over 98% support and ratified Manning Elliott LLP as the independent auditor.
- Quorum was met at 24.4% of issued and outstanding shares represented.
Material Impact
- The news is a procedural update confirming the timeline for the final award, which aligns with previous expectations set in October 2025 (hearing completion) where an award was estimated within ~6 months.
- No new outcome or settlement amount is disclosed; therefore, there is no immediate valuation change based on this release alone.
- The confirmation of litigation funding stability ($9.5M cap) reduces near-term liquidity risk but does not alter the fundamental binary nature of the investment (win/loss).
- AGM results indicate stable governance and shareholder confidence in management, which is positive but expected for a company in this stage.
- Overall impact is neutral as the market has likely priced in the May 2026 decision window since October 2025.
SVB · Price
Company Overview
- Company: Silver Bull Resources Inc. (SVB).
- Flagship Project: Sierra Mojada, located in Coahuila, Mexico.
- Project Status: Open-pit oxide deposit currently blocked by Mexican authorities since September 2019.
- Resource Estimate: NI 43-101 compliant Measured & Indicated resource of 70.4 Mt at 3.4% Zn and 38.6 g/t Ag (5.35 bn lb Zn; 87.4 M oz Ag).
- High-Grade Zones: Zinc zone of 13.5 Mt @ 11.2% Zn; Silver zone of 15.2 Mt @ 114.9 g/t Ag.
- Legal Basis: Claims filed under USMCA/NAFTA via ICSID alleging unlawful expropriation and denial of fair treatment.
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Jun 01, 2026 · 13:23