Sierra Mojada

Silver Bull Secures US$9.5M Litigation Funding to Pursue Damages Claim Against the Mexican Government

Retrieved on: 
Wednesday, September 6, 2023
International Centre for Settlement of Investment Disputes, Zinc, Resource, Miner, Natural Resources, SVB, Investment, Sierra Mojada, News, North American Free Trade Agreement, BSF, King's Bench Walk, London, OTCQB, NAFTA, Government, Silver, SEDAR, TSX, Silver Bull of Delphi, LLP, Reko Diq, Disclosure, Convention, LFA, Definition, US, Nationalization, International law, Nationals, Regulation, Mineral Resources Limited, ICSID, World Bank, Metallurgy, Settlement, Mining, Silver mining, Insurance, Cryptocurrency, Agreement, Indication (medicine)

Litigation Funding Agreement (“LFA”) signed with Bench Walk Advisors LLC (“Bench Walk”) to pursue international arbitration claims against Mexico for breaches of its obligations under NAFTA.

Key Points: 
  • Litigation Funding Agreement (“LFA”) signed with Bench Walk Advisors LLC (“Bench Walk”) to pursue international arbitration claims against Mexico for breaches of its obligations under NAFTA.
  • “The substantial litigation funding secured under the LFA is a testament to the strength of Silver Bull’s claims.
  • The US$9.5 million funding facility is non-dilutive to Silver Bull shareholders and will cover the full legal budget of the claim, expert, and ancillary costs, as well as Silver Bull’s operating expenses.
  • Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration.

Silver Bull Provides Update on Legacy NAFTA Claim Against Mexico and Management Changes

Retrieved on: 
Tuesday, April 25, 2023
International Centre for Settlement of Investment Disputes, Notice of Intent to Lien, ICSID, Metallurgy, Azerbaijan International Mineral Resources Operating Company, North American Free Trade Agreement, Resource, Arbitration, OTCQB, International Centre, NAFTA, Settlement, SVB, Annual report, Sierra Mojada, Annex, Frustration, TSX, United, Federal government of Mexico, News, Silver Bull of Delphi, Silver

VANCOUVER, British Columbia, April 25, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull” or the “Company”) is providing an update regarding its legacy North American Free Trade Agreement (NAFTA) claim against Mexico.

Key Points: 
  • VANCOUVER, British Columbia, April 25, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull” or the “Company”) is providing an update regarding its legacy North American Free Trade Agreement (NAFTA) claim against Mexico.
  • Silver Bull has been unable to access the project since the illegal blockade commenced in September 2019.
  • Silver Bull will be seeking to recover no less than US$178 million in damages that it has suffered as a result of Mexico’s breach of its NAFTA obligations.
  • These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s and Arras’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management.

Silver Bull Announces Voting Results of Annual Meeting of Shareholders

Retrieved on: 
Monday, April 24, 2023
Smythe, Metallurgy, Bull, Minerals Resource Rent Tax, Resource, EDGAR, Annual report, Sierra Mojada, SEDAR, News, Silver Bull of Delphi, Holding company, Audit, Silver

The Company’s shareholders also voted to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers (7,931,514 or 94.0% voted “For”, 352,052 or 4.2% voted “Against”, and 157,394 or 1.8% abstained from voting).

Key Points: 
  • The Company’s shareholders also voted to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers (7,931,514 or 94.0% voted “For”, 352,052 or 4.2% voted “Against”, and 157,394 or 1.8% abstained from voting).
  • Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull’s and Arras’s future results that are subject to the safe harbors created under the U.S.
  • Forward-looking statements include, among others, statements regarding the Mineral Resource estimates for the Sierra Mojada projects and the development of the project.
  • These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s and Arras’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management.

Silver Bull Announces Commencement of Legacy NAFTA Claim Against Mexico

Retrieved on: 
Thursday, March 2, 2023
NAFTA, North American Free Trade Agreement, Annex, Sierra Mojada, TSX, United, OTCQB, SVB, SEDAR, Notice of Intent to Revoke, Silver, Silver Bull of Delphi, Risk management

Silver Bull has been unable to access the project since the illegal blockade commenced in September 2019.

Key Points: 
  • Silver Bull has been unable to access the project since the illegal blockade commenced in September 2019.
  • Despite numerous demands and requests for action by the company, Mexican governmental agencies have allowed this unlawful behaviour to continue and, as such, failed to protect Silver Bull’s investment.
  • Silver Bull will be seeking to recover no less than US$178 million in damages that it has suffered as a result of Mexico’s breach of its NAFTA obligations.
  • 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.

Silver Bull Announces Termination of Option Agreement With South32 at Sierra Mojada

Retrieved on: 
Thursday, September 1, 2022
Mineral resource estimation, Securities Exchange Act of 1934, Securities Act of 1933, National instrument, Metallurgy, Regulation, Definition, Disclosure, Ministry of Oil and Mineral Reserves (Syria), Silver Bull of Delphi, SEC, Resource management, U.S. Securities and Exchange Commission, National Instrument 43-101, Sierra Mojada, Company, News, Annual report, Private Securities Litigation Reform Act, Industry, Forward-looking statement, Cryptocurrency, Silver

The Company will be required to comply with these new rules in its disclosures for the fiscal year ending October31, 2022, and thereafter.

Key Points: 
  • The Company will be required to comply with these new rules in its disclosures for the fiscal year ending October31, 2022, and thereafter.
  • While the terms are substantially similar to the same terms defined under S-K 1300, there are differences in the definitions.
  • Forward-looking statements include, among others, statements regarding the Companys assessment of the situation at Sierra Mojada and other opportunities outside of Mexico, the Mineral Resource estimates for the Sierra Mojada project and the development of the project.
  • These statements are based on current expectations, estimates, forecasts, and projections about Silver Bulls and Arrass exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bulls management.

Silver Bull Announces Voting Results of Annual Meeting of Shareholders

Retrieved on: 
Thursday, April 28, 2022
Mineral resource estimation, National Instrument 43-101, Securities Exchange Act of 1934, Forward-looking statement, Securities Act of 1933, Silver Bull of Delphi, Private Securities Litigation Reform Act, Sierra Mojada, Annual report, News, NI, Resource management, Metallurgy, National instrument, Inference, Industry, SEC, Cryptocurrency, Security (finance), Silver

The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.

Key Points: 
  • The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.
  • U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves.
  • Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.
  • These statements are based on current expectations, estimates, forecasts, and projections about Silver Bulls and Arrass exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bulls management.

Silver Bull Announces Board Changes

Retrieved on: 
Monday, March 14, 2022
Industry, Securities Act of 1933, National instrument, Private Securities Litigation Reform Act, Mineral resource estimation, Sierra Mojada, Annual report, Securities Exchange Act of 1934, News, Forward-looking statement, Inference, Metallurgy, Silver Bull of Delphi, SEC, NI, National Instrument 43-101, Resource management, Cryptocurrency, Security (finance), Silver

The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.

Key Points: 
  • The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.
  • U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves.
  • Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.
  • These statements are based on current expectations, estimates, forecasts, and projections about Silver Bulls and Arrass exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bulls management.

Silver Bull and Arras Minerals Appoint Darren Klinck as President

Retrieved on: 
Wednesday, September 29, 2021
Haskayne School of Business, University of Calgary, South32, Â, OTCQB, Negotiation, TSX, SVB, Engineering, Company, NSR, Central, OceanaGold, Board, Business, Americas, CEO, Acquisition, CSR, Growth, Mining, Zinc, Silver Bull of Delphi, Commerce, Corporate social responsibility, Silver, Gold, Sierra Mojada, Executive, University, Copper, Resource management, S-1 Executive Committee, Government, GLOBE, Management, Oil

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (Silver Bull) and Arras Minerals Corp. (Arras) are pleased to announce the appointment of Darren Klinck to both companies as President, effective October 1, 2021.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (Silver Bull) and Arras Minerals Corp. (Arras) are pleased to announce the appointment of Darren Klinck to both companies as President, effective October 1, 2021.
  • Brian Edgar, Chairman of Silver Bull stated This is an important step forward for Silver Bull and Arras.
  • Silver Bull and Arras Moving Forward: On September 24, 2021, Silver Bull completed the distribution of shares of Arras to its shareholders.
  • Silver Bull continues to own approximately 4% of Arras, on a non-diluted basis.

Silver Bull Announces Completion of Distribution of Arras Minerals Shares to Silver Bull Shareholders

Retrieved on: 
Monday, September 27, 2021
South32, Income Tax Act, News, Securities Act of 1933, Metallurgy, OTCQB, Annual report, TSX, Securities Exchange Act of 1934, SVB, Capital gain, U.S. Securities and Exchange Commission, Income, Income tax, Registration statement, Bangladesh Securities and Exchange Commission, Private Securities Litigation Reform Act, Industry, Company, Legislation, Section 50C of the Isle of Man Income Tax Act 1970, Silver Bull of Delphi, Register, Silver, Sierra Mojada, Book, Distribution, Mechanics, Telephone, Forward-looking statement, Prospectus, Time, EDGAR, SEC, GLOBE, Security (finance), Holding company

VANCOUVER, British Columbia, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (Silver Bull or the Company) is pleased to announce the completion of the previously announced distribution of shares of Arras Minerals Corp. (Arras) to Silver Bull shareholders (the Distribution).

Key Points: 
  • VANCOUVER, British Columbia, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (Silver Bull or the Company) is pleased to announce the completion of the previously announced distribution of shares of Arras Minerals Corp. (Arras) to Silver Bull shareholders (the Distribution).
  • Silver Bull shareholders who hold their shares of Silver Bull stock through a bank, broker or other nominee had or will have their Arras shares credited to their accounts by their bank, broker or other nominee.
  • The Distribution of Arras shares by Silver Bull constitutes a distribution of securities that is exempt from the prospectus requirements of Canadian securities legislation.
  • For Canadian tax purposes, the Distribution of Arras shares is considered a dividend in kind on the Silver Bull shares to shareholders resident in Canada.

Silver Bull Announces Record Date and Distribution Date in Connection With Distribution to Silver Bull Shareholders of Shares of Arras Minerals, a Strategically-Focused Company With Kazakh Exploration Projects

Retrieved on: 
Thursday, September 2, 2021
COMMON, Silver Bull of Delphi, Resource management, EACH, Capital gain, SVB, OTCQB, Distribution, NSR, Bangladesh Securities and Exchange Commission, IF, ARE, Time, Telephone, EDGAR, Silver, Prospectus, Income Tax Act, CEO, Registration statement, Income tax, WITH, Legislation, Gold, Register, IRS, Sierra Mojada, Section 50C of the Isle of Man Income Tax Act 1970, Copper, THE, Income, Company, Ownership, Mechanics, GLOBE, Toronto Stock Exchange, Marketing, Date, TSX, U.S. Securities and Exchange Commission, Holding company, Security (finance), Life insurance

As such, Silver Bull shareholders who sell Silver Bull shares up to the end of trading on the Distribution Date (i.e., when Silver Bull shares trade with an attached due bill representing an entitlement to Arras shares to be distributed pursuant to the Distribution) will be selling their right to receive Arras common shares in the Distribution.

Key Points: 
  • As such, Silver Bull shareholders who sell Silver Bull shares up to the end of trading on the Distribution Date (i.e., when Silver Bull shares trade with an attached due bill representing an entitlement to Arras shares to be distributed pursuant to the Distribution) will be selling their right to receive Arras common shares in the Distribution.
  • Ex-distribution trading (i.e., where Silver Bull shares trade without an entitlement to Arras shares to be distributed pursuant to the Distribution) will commence at the opening of trading on September 27, 2021.
  • Most Silver Bull shareholders hold their Silver Bull shares through a bank or brokerage firm.
  • For Canadian tax purposes, the Distribution of Arras shares will be considered a dividend in kind on the Silver Bull shares to shareholders resident in Canada.