Welcome to our dedicated page for Silver Bull Res news (Ticker: SVBL), a resource for investors and traders seeking the latest updates and insights on Silver Bull Res stock.
Silver Bull Resources, Inc. (SVBL) generates news that is closely tied to its Sierra Mojada zinc-silver deposit in Coahuila, Mexico and to its international arbitration claim against the United Mexican States. Company updates frequently describe the status of the arbitration process under the USMCA and NAFTA, administered by the International Centre for Settlement of Investment Disputes (ICSID), and explain how the proceedings relate to the alleged unlawful expropriation of the Sierra Mojada project following an illegal blockade that began in 2019.
News releases from Silver Bull often cover key legal milestones, such as the filing of its Request for Arbitration, the appointment of the three-person Tribunal, the submission of its Memorial and Reply, and Mexico’s Counter-Memorial and upcoming Rejoinder. The company also reports on the size of the damages it is seeking, the engagement of legal counsel at Boies Schiller Flexner, and the role of its quantum expert in assessing claimed losses.
Investors following SVBL news will also see corporate governance and shareholder updates, including detailed voting results from annual meetings, approvals of auditors, equity incentive plans, and advisory votes on executive compensation. Additional announcements describe the Litigation Funding Agreement with Bench Walk Advisors, which provides financing for the arbitration and corporate operations, and the Management Retention Agreement designed to retain key personnel with knowledge relevant to the claim.
This news page allows readers to track how Silver Bull presents the evolution of its arbitration case, the implications of the Sierra Mojada blockade, and the decisions made by shareholders and the board. For those researching SVBL, the news flow provides context on both the legal proceedings and the company’s ongoing corporate structure.
Silver Bull Resources, Inc. (OTCQB: SVBL) announced a share distribution plan for its shareholders to receive shares in Arras Minerals Corp. Shareholders on record as of September 10, 2021, will receive one Arras share for each Silver Bull share held, with the distribution occurring on September 24, 2021. Post-distribution, Silver Bull will own 4% of Arras, while shareholders will hold approximately 84%. This separation aims to enhance value by allowing each company to focus on distinct assets and markets, particularly benefiting the Beskauga project in Kazakhstan and the Sierra Mojada project in Mexico.
On June 28, 2021, Silver Bull Resources (TSX: SVB; OTCQB: SVBL) completed a private placement of 500,000 shares at C$1.00 each, raising gross proceeds of C$500,000. No fees were paid to agents or finders. The funds will be used for general working capital. All issued securities are subject to a four-month hold period under Canadian securities law and remain unregistered under U.S. securities legislation. Additionally, Olympia Trust Company has replaced Equiniti Trust Company as the registrar and transfer agent.
Silver Bull Resources (OTCQB: SVBL, TSX: SVB) plans to distribute approximately 34.2 million shares of its subsidiary, Arras Minerals Corp., to its shareholders, equating to one Arras share for each Silver Bull share held. This distribution follows the transfer of Silver Bull's Kazakh assets to Arras, for which Silver Bull received 36 million shares. Upon completion, Silver Bull will retain about 1.8 million shares, representing 4% of Arras' outstanding shares. The distribution is subject to regulatory approvals and is expected to occur before Q3 2021.
Silver Bull Resources, Inc. held its annual shareholder meeting on April 19, 2021, with 54.17% of shares represented. Shareholders approved increasing authorized shares from 37.5 million to 150 million, with 50.07% voting in favor. The proposal allows for potential equity financing to advance the Sierra Mojada project and the Beskauga project in Kazakhstan. Additionally, directors were re-elected, Smythe LLP was ratified as the auditor for the fiscal year ending October 31, 2021, and executive compensation was approved by 92.65% of votes.
Silver Bull Resources (SVBL) announced the postponement of its 2021 annual shareholders' meeting to April 19, 2021, allowing more time for shareholder voting on critical proposals. The record date for eligible voters remains February 18, 2021. The Board urges shareholders to vote 'FOR' the proposal to increase the number of authorized shares, essential for fundraising and maintaining operations in its Sierra Mojada project, Mexico. Shareholders can vote online or via telephone until April 18, 2021, at 11:59 p.m. ET.
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Silver Bull Resources announced a C$2,517,500 private placement into its subsidiary Arras Minerals Corp., raising funds by selling 5.035 million shares at C$0.50 each. Silver Bull now owns 88% of Arras following the transfer of its Kazakhstan assets. The proceeds are earmarked for exploration, technical studies, and working capital for projects in Kazakhstan. The Beskauga deposit, which includes significant indicated and inferred resources, remains open for further exploration.
Silver Bull Resources, Inc. (SVBL) has achieved a favorable ruling in its ongoing lawsuit against local mining co-operative Minera Norteños regarding the Sierra Mojada project. The unanimous decision from three judges allows Silver Bull to continue operations despite an ongoing illegal blockade by a faction within Minera Norteños. CEO Tim Barry expressed optimism for resolving the blockade, enabling the resumption of halted drilling activities. The project remains significant as one of Mexico's largest undeveloped silver-zinc deposits, and a partnership with South32 is still in good standing despite current challenges.
Silver Bull Resources has filed the NI 43-101 Mineral Resource estimate for the Beskauga copper-gold project. The report, prepared by CSA Global, shows an indicated resource of 207 million tonnes at grades of 0.35 g/t gold, 0.23% copper, and 1.09 g/t silver, amounting to 2.33 million ounces of gold and 476.1 thousand tonnes of copper. Inferred resources are 147 million tonnes grading 0.33 g/t gold, 0.15% copper, and 1.02 g/t silver. The project benefits from excellent infrastructure and government support.