Silver BULL Provides Update ON Its Arbitration Case Against Mexico and Voting Results of the Annual Meeting of Shareholders
SILVER BULL PROVIDES UPDATE ON ITS
ARBITRATION CASE AGAINST MEXICO AND
VOTING RESULTS OF THE ANNUAL MEETING
OF SHAREHOLDERS
OTCQB: SVBL, TSX: SVB
VANCOUVER, BC
,
April 16, 2026
/CNW/ - 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
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 16:15e 16-APR-26