Northwire Canada EditionFriday, September 4, 2026
Northwire
GOLD 4539.90 +2.8% SILVER 67.58 +3.2% COPPER 6.67 +1.1% OIL 91.30 +0.3% PALLADIUM 1435.50 +5.5% SALT 1.65 +0.0% BBB 0.670 +3.1% SKE 45.71 +4.0% NOU 1.91 −4.0% LAM 0.660 +6.5% OGW 1.29 −5.2% COCO 0.300 +0.0% CPL 0.195 −11.4% FUU 0.145 −3.3% NUAG 9.25 −0.1% FDY 5.14 −1.9% GRZ 6.66 +0.1% TES 0.110 +10.0% MINK 0.100 +0.0% CAN 0.080 +0.0% ELEF 0.135 −12.9% GOLD 4539.90 +2.8% SILVER 67.58 +3.2% COPPER 6.67 +1.1% OIL 91.30 +0.3% PALLADIUM 1435.50 +5.5% SALT 1.65 +0.0% BBB 0.670 +3.1% SKE 45.71 +4.0% NOU 1.91 −4.0% LAM 0.660 +6.5% OGW 1.29 −5.2% COCO 0.300 +0.0% CPL 0.195 −11.4% FUU 0.145 −3.3% NUAG 9.25 −0.1% FDY 5.14 −1.9% GRZ 6.66 +0.1% TES 0.110 +10.0% MINK 0.100 +0.0% CAN 0.080 +0.0% ELEF 0.135 −12.9%
Regulatory Neutral

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.
Read the original news release →

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