Silver BULL Provides Update ON Its Arbitration Case Against Mexico
SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST
MEXICO
OTCQB: SVBL, TSX: SVB
VANCOUVER, BC
,
Oct. 14, 2025
/CNW/ - Silver Bull Resources, Inc. ("
Silver Bull
" or the "
Company
") is pleased to report that the 5-day hearing for its
Arbitration case against
the United States
of
Mexico
("
Mexico
"
) was completed on
October 10, 2025
, in
Washington, D.C.
As reported in Silver Bull's
June 29, 2023
news release, 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 has been 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.
Upon completion of the hearing, the Arbitration Tribunal directed the Company and
Mexico
(the "Parties") to provide their Post-Hearing Briefs by
November 21,
2025
. The Parties are then directed to file their submissions on costs by
December 5, 2025
. Upon completion of these submissions, the Tribunal will close the
proceedings and render its final award as soon as practicable.
Silver Bull is represented in these proceedings by Boies Schiller Flexner LLP ("
BSF
"), 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.
BACKGROUND TO THE CLAIM:
Silver Bull officially notified
Mexico
on
March 2, 2023
of its intention to initiate an arbitration because of
Mexico's
breaches of NAFTA by unlawfully expropriating
Silver Bull's investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and
not upholding NAFTA's national treatment and most favored nation standards.
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. However, the 90-day period for amicable settlement under NAFTA expired on
June 2, 2023
, without reaching an agreement.
Despite repeated demands and requests for action by the Company,
Mexico's
governmental agencies have allowed the unlawful blockade to continue to this day,
thereby failing to protect Silver Bull's investments.
THE
SIERRA MOJADA
DEPOSIT:
Silver Bull's only asset is the
Sierra Mojada
deposit located in
Coahuila, Mexico
.
Sierra Mojada
is an open pittable oxide
deposit with a NI 43-101 compliant Measured and Indicated "global" Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion
pounds of contained zinc and 87.4 million ounces of contained silver. Included within the "global" Mineral Resource is a Measured and Indicated "high grade zinc
zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated "high
grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization
remains open in the east, west, and northerly directions.
For a full summary of the
Sierra Mojada
resource, please refer to Silver Bull's news release located at the following link:
https://www.silverbullresources.com/news/silver-bull-resources-announces-5.35-billion-pounds-zinc-87.4-million-ounces-silver-in-updated-sierra-mojada-measured-and/
On behalf of the Board of Directors
"Tim Barry"
Tim Barry
, MAusIMM CP(Geo)
President and Chief Executive Officer and Director
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.
SOURCE
Silver Bull Resources, Inc.
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For further information:
INVESTOR RELATIONS: 1 604 687 5800, [email protected]
CO: Silver Bull Resources, Inc.
CNW 16:30e 14-OCT-25