Silver Bull (SVBL) reports AGM voting results and Mexico arbitration timeline
Rhea-AI Filing Summary
Silver Bull Resources filed an 8-K reporting its annual meeting results and providing a status update on its arbitration case against Mexico. As of the February 19, 2026 record date, 49,292,882 common shares were outstanding, with 12,021,655 shares (24.4%) represented at the April 16 meeting.
Shareholders re-elected four directors, each receiving about 98% of votes cast, and ratified Manning Elliott LLP as independent auditor for the fiscal year ending October 31, 2026, with 11,856,726 votes for and 45,067 against. There were 5,584,143 broker non-votes on director elections.
The company also outlined progress in its international arbitration under USMCA and NAFTA concerning a blockade affecting its Sierra Mojada Project. Hearings concluded in October 2025, post-hearing briefs and cost submissions have been filed, and the ICSID tribunal has indicated it will issue its final award by the end of May 2026. The case is being financed through a Litigation Funding Agreement for up to US$9.5 million.
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Insights
Silver Bull’s update centers on arbitration timing and routine AGM approvals.
The company reports that its investor–state arbitration related to the Sierra Mojada Project has reached an advanced procedural stage. Hearings finished in October 2025, written submissions on the merits and costs are complete, and the ICSID tribunal plans to issue its final award by the end of May 2026.
This provides a clearer timetable but not an outcome, so financial impact remains undefined. The case is supported by a Litigation Funding Agreement of up to US$9.5 million, which helps cover legal expenses and corporate overhead without drawing on operating cash, though it typically entails a share of any recovery.
On governance, all four directors were re-elected with about 98% support and auditors were ratified with over 99% of votes cast for, signaling strong backing from voting shareholders despite overall turnout of 24.4% of outstanding shares.
8-K Event Classification
Key Figures
Key Terms
international arbitration financial
United States–Mexico–Canada Agreement financial
North American Free Trade Agreement financial
International Centre for Settlement of Investment Disputes financial
Litigation Funding Agreement financial
broker non-votes financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 16, 2026, Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) held its annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, three proposals were submitted to the shareholders for approval as set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on February 24, 2026. As of the record date, February 19, 2026, a total of 49,292,882 shares of Silver Bull common stock were outstanding and entitled to vote. In total, 12,021,655 shares of Silver Bull common stock were present in person or represented by proxy at the Annual Meeting, which represented approximately 24.4% of the shares outstanding and entitled to vote as of the record date.
At the Annual Meeting, shareholders approved all three proposals that were submitted, (i) electing the slate of four persons to the Company’s Board of Directors, and (ii) ratifying and approving Manning Elliott LLP, Chartered Professional Accountants, as the Company’s independent registered public accounting firm. There were a total of 5,584,143 broker non-votes. The votes on the proposals were cast as set forth below:
1. Proposal No. 1 – Election of Directors. The shareholders elected the entire slate of directors presented to the shareholders. As a result, the Company’s Board of Directors consists of the four persons elected at the Annual Meeting.
|
Name |
For |
Withheld |
| Brian D. Edgar | 6,326,616 | 110,896 |
| Timothy T. Barry | 6,326,620 | 110,892 |
| David T. Underwood | 6,337,859 | 99,653 |
| William F. Matlack | 6,326,501 | 111,011 |
2. Proposal No. 2 – Ratification and approval of the appointment of Manning Elliott LLP, Chartered Professional Accountants, as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2026.
|
For |
Against |
Abstain |
| 11,856,726 | 45,067 |
Item 7.01. Regulation FD Disclosure.
On April 16, 2026, the Company issued a press release regarding the Annual Meeting. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information set forth in this Item 7.01, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Press release, dated as of April 16, 2026 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Silver Bull resources, inc. | ||
| Date: April 16, 2026 | By: | /s/ Christopher Richards |
| Name: | Christopher Richards | |
| Title: | Chief Financial Officer | |
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Exhibit 99.1
| April 16, 2026 | OTCQB: SVBL, TSX: SVB |
SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO AND VOTING RESULTS OF THE ANNUAL MEETING OF SHAREHOLDERS
VANCOUVER, British Columbia – Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) is pleased to provide an update for its Arbitration case against the United States of Mexico (“Mexico”) and the voting results of the annual meeting of shareholders (“AGM”).
ARBTIRATION UPDATE
As previously reported, the Company commenced international arbitration proceedings against Mexico under the United States–Mexico–Canada Agreement (“USMCA”) and the North American Free Trade Agreement (“NAFTA”). The arbitration was initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank’s International Centre for Settlement of Investment Disputes (“ICSID”), to which Mexico is a signatory.
The arbitration arises from Mexico's actions and omissions with respect to the illegal blockade of Silver Bull’s Sierra Mojada Project, which commenced in September 2019, and remains ongoing.
As directed by the Arbitration Tribunal, upon completion of the hearing on October 10, 2025, in Washington, D.C., the Company and Mexico (the “Parties”) provided their Post-Hearing Briefs on November 21, 2025. The Parties then filed their submissions on costs on December 5, 2025, and updated submission on costs on April 13, 2026.
The Tribunal has now advised the Parties that it will render its final award, in both English and Spanish, by the end of May 2026.
Silver Bull is represented in these proceedings by Boies Schiller Flexner LLP, a leading international law firm with extensive experience in investor-state arbitration and is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement for up to US$9.5 million to finance the case and the running of the Company.
AGM VOTING RESULTS
The following are the detailed voting results of the proposals considered at its annual meeting of shareholders held earlier today (April 16, 2026) (the “Meeting”). A total of 12,021,655 or 24.4% of the Company’s issued and outstanding shares were represented at the Meeting.
The following nominees, as listed in Silver Bull’s proxy statement, were re-elected as directors of the Company:
| Director | Votes For | % | Withheld Votes | % |
| Brian Edgar | 6,326,616 | 98.3% | 110,896 | 1.7% |
| Timothy Barry | 6,326,620 | 98.3% | 110,892 | 1.7% |
| David Underwood | 6,337,859 | 98.5% | 99,653 | 1.6% |
| William Matlack | 6,326,501 | 98.3% | 111,011 | 1.7% |
Additionally, the Company’s shareholders ratified and approved the appointment of Manning Elliott LLP, as the Company’s independent registered public accounting firm, for the fiscal year ending October 31, 2026 (11,856,726 or 99.6% voted “For”, 45,067 or 0.4% voted “Against” and 119,862 abstained from voting).
Full details of the proposals are fully described in the Company’s definitive proxy statement filed on February 24, 2026 on EDGAR at www.sec.gov. The proxy statement is also available on SEDAR+ at www.sedarplus.ca.
On behalf of the Board of Directors
“Tim Barry”
Tim Barry, MAusIMM CP(Geo)
President and Chief Executive Officer and Director
INVESTOR RELATIONS:
1 604 687 5800
info@silverbullresources.com
Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company’s filings under Silver Bull’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.