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Silver Bull Resources, Inc. issues news about its mineral-resource business and its Sierra Mojada Project in Mexico. Recurring updates cover the company's international arbitration claim against Mexico under USMCA and NAFTA before ICSID, including claim submissions, case funding, claim-related retention arrangements and the asserted impact of project access restrictions. Company news also includes annual shareholder meeting results, director elections, auditor approvals, equity-plan matters and other governance actions for its OTCQB- and TSX-traded shares.
Silver Bull Resources has filed its Reply to Mexico's Counter-Memorial in an ongoing international arbitration case. The dispute, initiated in June 2023 under USMCA and NAFTA, centers on Mexico's alleged failure to address an illegal blockade of the Sierra Mojada Project since September 2019.
The company seeks US$374.9 million in damages (including interest), claiming Mexico's inaction led to a complete loss of investment. The case will proceed to a hearing on October 6, 2025, after Mexico files its Rejoinder by August 26, 2025.
The Sierra Mojada deposit contains significant resources: 5.35 billion pounds of zinc and 87.4 million ounces of silver. The dispute arose when local miners initiated an illegal blockade demanding unearned royalty payments. Despite favorable Mexican court rulings, the government's failure to enforce the law has effectively prevented Silver Bull from accessing the site for over five years.
Silver Bull Resources (OTCQB:SVBL) held its annual shareholder meeting on April 17, 2025, with 28.0% (13,269,249) of outstanding shares represented. All board nominees were re-elected with overwhelming support, each receiving over 95% approval: Brian Edgar (95.4%), Timothy Barry (95.1%), David Underwood (95.5%), and William Matlack (95.6%).
Shareholders approved key proposals including the appointment of Smythe LLP as the independent public accounting firm for fiscal year 2025 (96.4% in favor) and the unallocated entitlements under the company's 2019 Stock Option and Stock Bonus Plan (93.1% in favor).
Arras Minerals Corp. (TSXV:ARK)(OTCQB:ARRKF) has provided an update on its exploration activities in NE Kazakhstan. Key highlights include:
- Completion of a 3,547 line-kilometer Heli-TEM survey at the Bozshakol project
- Ongoing KGK drill program at Aktasty and Maisor licenses (Bozshakol project)
- 80% completion of Ground IP Survey at the Elemes project, with core drilling underway
- Completion of KGK drill program at the Tay project
The company is progressing well across its project portfolio, with drilling activities at Elemes and Bozshakol aimed at identifying priority targets for future campaigns. At Tay, initial results show zones of chalcopyrite mineralization, with assay results expected in October.
Silver Bull Resources has filed a memorial submission in its international arbitration claim against Mexico, demanding US$408 million in damages under USMCA and NAFTA. The claim stems from the Mexican government's alleged unlawful expropriation and continued illegal blockade of Silver Bull's Sierra Mojada project since September 2019, which has resulted in the total loss of Silver Bull's investment. The arbitration hearing is scheduled for October 2025. Silver Bull is supported by Bench Walk Advisors with up to US$9.5 million in litigation funding. The company has hired Boies Schiller Flexner for legal counsel, with Timothy L. Foden leading their team. Despite multiple favorable rulings in Mexican courts, the blockade continues, significantly affecting Silver Bull's operations and shareholder value.
Arras Minerals Corp. announces the voting results of its annual and special meeting of shareholders, where the number of directors was set to seven. The shareholders elected all listed nominees as directors, ratified the appointment of Smythe LLP as auditors, and re-approved the equity incentive plan. Detailed voting results are provided in the Company's management information circular available on SEDAR.
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