Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Bill Matlack was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 03
Silver Bull Resources, Inc., Annual General Meeting, Apr 16, 2026 Silver Bull Resources, Inc., Annual General Meeting, Apr 16, 2026. New Risk • Jan 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$6.9m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$6.9m). Earnings have declined by 1.1% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.7m market cap, or US$11.6m). Buy Or Sell Opportunity • May 30
Now 20% undervalued Over the last 90 days, the stock has risen 74% to CA$0.23. The fair value is estimated to be CA$0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • Feb 28
Silver Bull Resources, Inc., Annual General Meeting, Apr 17, 2025 Silver Bull Resources, Inc., Annual General Meeting, Apr 17, 2025. Location: 777 dunsmuir street, suite 1605, vancouver, british columbia, v7y 1k4, United States Aankondiging • Jan 31
Silver Bull Resources, Inc. Auditor Raises 'Going Concern' Doubt Silver Bull Resources, Inc. filed its Annual on Jan 29, 2025 for the period ending Oct 31, 2024. In this report its auditor, Smythe LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (CA$6.44m market cap, or US$4.74m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Aankondiging • Feb 28
Silver Bull Resources, Inc., Annual General Meeting, Apr 18, 2024 Silver Bull Resources, Inc., Annual General Meeting, Apr 18, 2024, at 10:00 Pacific Standard Time. Location: Company’s offices at 777 Dunsmuir Street, Suite 1605, Vancouver, British Columbia V7Y 1K4 British Columbia Canada Agenda: To consider and Elect four (4) directors, each to serve until the next annual meeting of Shareholders of the Company or until their successors are elected and qualified; to consider Ratify and approve the appointment of Smythe LLP, Chartered Professional Accountants (“Smythe”), as independent registered public accounting firm for the fiscal year ending October 31, 2024; to consider and Ratify and approve the key persons retention agreement, dated as of October 13, 2023, by and between the Company and the persons named therein (the “Key Persons Retention Agreement”); and to transact such other business matters. New Risk • Jan 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$794k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$794k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.74m market cap, or US$5.77m). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$5.02m market cap, or US$3.65m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (35% increase in shares outstanding). Aankondiging • Nov 01
Silver Bull Resources, Inc. announced that it has received CAD 1.28535 million in funding On October 30 2023, Silver Bull Resources, Inc. closed the transaction. In addition, the company paid an aggregate of CAD 19,656.30 in cash finder’s fees to PI Financial Corp., Research Capital Corporation, and Haywood Securities Inc. in respect of Units purchased by certain investors in the Private Placement. Aankondiging • Oct 17
Silver Bull Resources, Inc. announced that it expects to receive CAD 1.28535 million in funding Silver Bull Resources, Inc. announced a non-brokered private placement of up to 11,685,000 units at a price of CAD 0.11 per unit, for gross proceeds of up to CAD 1,285,350 on October 16, 2023. Each unit will consist of one share of common stock of the company and one half of one common share purchase warrant. Each warrant shall be exercisable to acquire one additional common share at an exercise price of CAD 0.13 for a period of five years from the date of the closing date of the Private Placement. Finder’s fees may be payable in accordance with exchange policies. Any securities to be issued pursuant to the Private Placement will be subject to a hold period under applicable U.S. securities laws, which will expire six months from the date of the closing of the Private Placement. New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.1m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.41m market cap, or US$2.53m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Aankondiging • Jan 22
Silver Bull Resources, Inc., Annual General Meeting, Apr 20, 2023 Silver Bull Resources, Inc., Annual General Meeting, Apr 20, 2023. Aankondiging • Apr 01
Silver Bull Resources, Inc. Wins Lawsuit in Mexico Silver Bull Resources, Inc. announced it has won a definitive and conclusive decision in its favor in a lawsuit filed by a local mining co-operative called Minera Norteños in relation to the Sierra Mojada project. The decision was made by the unanimous vote of three judges in the third Federal Circuit Court of Chihuahua. Despite the fact that the Company has at all times proceeded in accordance with the law, the Sierra Mojada project remains under an illegal blockade manned by a small group of radical members from within Minera Norteños. Aankondiging • Feb 18
Silver Bull Files Maiden Ni 43-101 Resource on the Beskauga Copper-Gold Project in Northeastern Kazakhstan Silver Bull Resources, Inc. announced it has filed the NI 43-101 Mineral Resource estimate report on the Beskauga copper-gold project completed by CSA Global Consultants Canada Ltd. . Highlights of the Mineral Resource report include: An open pit-constrained Indicated Mineral Resource of 207 million tonnes grading 0.35 g/t gold, 0.23% copper and 1.09 g/t silver for 2.33 million ounces of gold, 476.1 thousand tonnes of copper, & 7.25 million ounces of silver. An open pit-constrained Inferred Mineral Resource of 147 million tonnes grading 0.33 g/t gold, 0.15% copper and 1.02 g/t silver for 1.56 million ounces of gold, 220.5 thousand tonnes of copper, & 4.82 million ounces of silver. The constraining pit was optimised and calculated using a NSR cut-off based on: $1,500/oz for gold, $2.80/lb for copper, $17.25/oz for silver, and with an average recovery of 81.7% for copper and 51.8% for both gold and silver. Aankondiging • Feb 02
Silver Bull Resources, Inc., Annual General Meeting, Apr 12, 2021 Silver Bull Resources, Inc., Annual General Meeting, Apr 12, 2021. Is New 90 Day High Low • Feb 02
New 90-day high: CA$1.09 The company is up 49% from its price of CA$0.73 on 03 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Aankondiging • Jan 29
Silver Bull Resources, Inc. Announces Its Maiden Mineral Resource Estimate on the Beskauga Copper-Gold Project Completed by CSA Global Consultants Canada Ltd Silver Bull Resources, Inc. announced its maiden Mineral Resource estimate on the Beskauga copper-gold project completed by CSA Global Consultants Canada Ltd. (“CSA Global”). Highlights of the Mineral Resource report include: An open pit-constrained Indicated Mineral Resource of 207 million tonnes grading 0.35 g/t gold, 0.23% copper and 1.09 g/t silver for 2.33 million ounces of gold, 476.1 thousand tonnes of copper, & 7.25 million ounces of silver. An open pit-constrained Inferred Mineral Resource of 147 million tonnes grading 0.33 g/t gold, 0.15% copper and 1.02 g/t silver for 1.56 million ounces of gold, 220.5 thousand tonnes of copper, & 4.82 million ounces of silver. The constraining pit was optimised and calculated using a NSR cut-off based on a price of: $1,500/oz for gold, $2.80/lb for copper, $17.25/oz for silver, and with an average recovery of 81.7% for copper and 51.8% for both gold and silver. Beskauga Resource: The Beskauga resource was estimated from 118 diamond drill holes, totalling 45,605.8 meters drilled between 2007 and 2017 by the private Swiss company, Copperbelt AG. Holes were drilled from surface using an HQ or NQ sized core diameter and varied in depth between 150m to 815m. In order to address the potential for eventual economic extraction in an open pit context, the reported Mineral Resources fall within an optimized Lerch-Grossman pit shell that uses a gold price of US$1,500/oz, a copper price of US$2.80, and a silver price of US$17.25 with an average recovery of copper at 81.7% and gold and silver of 51.8%. Pit walls are set at 42 degrees in the overburden and 45 degrees in the hard rock. Mining costs were assumed to be US$1.00 in overburden and US$1.50/tonne in the hard rock and processing costs were assumed to be US$5.70/tonne. To determine the $/t value of the rock the following calculation was made: NSR $/t = (38.137+11.612 x Cu%) x Cu% + (19.18 + 12.322 x Au g/t) x Au g/t + (0.07 + 0.0517 x Ag g/t) x Ag p/t, Mineral resources were estimated by Ordinary Kriging using Micromine modeling software in multiple passes using 20 meter X 20 meter X 20 meter blocks as the SMU size. Blocks have been classified as Indicated or Inferred Mineral Resources. The Mineral Resource was estimated by Serik Urbisinov, a Principal Resource Geologist for CSA Global, who is an independent Qualified Persons as defined by National Instrument 43-101. The full Technical Report will be filed onto the SEDAR website within the next 45 days.
The Beskauga deposit is interpreted to be a copper-gold porphyry. Pyrite, chalcopyrite and tennantite are the dominant sulphide minerals at Beskauga, with smaller amounts of bornite, chalcocite, enargite, and molybdenite, with magnetite and hematite, also described. Sulphides occur as fine-grained disseminations as well as in stockwork veins and veinlets, associated with an elongated granodiorite porphyry intrusion. The grade of the copper and gold are highly correlated. At surface, the deposit is covered by a 30 to 40 meter thick layer of recent sediments and remains open in all directions including at depth, with many of the drill holes terminating in mineralization. The chemistry and mineralogy of the mineralization defined thus far suggests the present resource is still in the upper part of the mineralizing system. The deposit has not benefited from detailed geological study and modelling which presents an opportunity to optimize extension targeting and definition of additional resources. Is New 90 Day High Low • Dec 17
New 90-day high: CA$0.97 The company is up 1.0% from its price of CA$0.96 on 17 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 13% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: CA$0.65 The company is down 44% from its price of CA$1.16 on 21 August 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 9.0% over the same period. Aankondiging • Nov 12
Silver Bull Resources, Inc. announced that it has received $1.853013 million in funding from Sprott Inc. On November 10, 2020, Silver Bull Resources, Inc. (OTCPK:SVBL) closed the transaction. The company issued 319,000 units for gross proceeds of $149,930. The company issued 3,942,580 units for gross proceeds of $1,853,012.6. The company issued 1,159,000 units to directors and management, and their affiliates for gross proceeds of CAD 544,730. Is New 90 Day High Low • Oct 14
New 90-day low: CA$0.70 The company is down 20% from its price of CA$0.88 on 16 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. Aankondiging • Sep 26
Silver Bull Resources, Inc. Appoints Christopher Richards as its Chief Financial Officer Silver Bull Resources, Inc. announced that on September 21, 2020, Christopher Richards was appointed by the board of directors as its Chief Financial Officer, effective as of September 28, 2020, replacing Sean Fallis in that role. Mr. Richards, 43, most recently served as the Vice President of Finance for Great Panther Mining Limited, a U.S. and Canadian dual-listed gold and silver producer, from June 2018 to February 2020. From January 2017 to May 2018, he was self-employed as a senior financial consultant, advising public and private companies in the mining and natural resources industries. Prior to that, Mr. Richards served as the Vice President of Finance and Corporate Secretary (December 2013–December 2016) and Group Controller (April 2009–November 2013) of Kyzyl Gold Ltd., a wholly owned subsidiary of London Stock Exchange-listed Polymetal International plc, engaged in the development of gold properties. From July 2015 to October 2016, he served as the Chief Financial Officer of TSX Venture Exchange-listed True North Gems Inc. Previously, Mr. Richards served as the Corporate Controller of U.S. and Canadian dual-listed NovaGold Resources Inc. and as a Senior Manager of Audit for KPMG LLP. He is a CPA (Chartered Professional Accountant, British Columbia), CA, and received a bachelor of business administration degree from Simon Fraser University in 2000 and a certificate in mining studies from the University of British Columbia in 2014. 
