Silver Bull Resources is a mineral exploration company whose core activity is currently an international arbitration claim rather than exploration. Silver Bull's sole material asset is the Sierra Mojada Property, a 6,482-hectare mining concession in Coahuila, Mexico, containing silver and zinc mineralization. The property has never entered development or production, and since September 2019, Silver Bull has been unable to access it due to an illegal blockade by a local mining cooperative, Mineros Norteños. In response, Silver Bull filed for arbitration before the World Bank's ICSID in June 2023, arguing that Mexico failed to protect its investment by allowing the blockade to continue. The damages claim totals $375M including interest, a hearing was held in October 2025, and a final award is pending. Silver Bull has stated that even a favorable award would likely not lead to developing the Sierra Mojada Property. The property's mineral resource estimate covers 70.4 million tonnes of measured and indicated resources, representing roughly 87 million ounces of silver and 5.4 billion pounds of zinc. Silver Bull has no revenue and funds itself through equity issuances and asset sales. The company has three full-time employees.
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