Silver Bull Resources

What Silver Bull Resources does

Silver Bull Resources, Inc. is a Canadian-based mineral exploration and development company whose entire enterprise value is concentrated in a single asset: the Sierra Mojada Project in Coahuila, Mexico. The project comprises 20 mining concessions totaling 9,530.4 hectares located in a historical high-grade silver, lead, and zinc mining district first discovered in 1879. As of the October 30, 2018 NI 43-101 compliant technical report, the project holds measured and indicated oxide resources of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver (5.354 billion pounds of zinc and 87.4 million ounces of silver), including a high-grade Zinc Zone (13.5 million tonnes at 11.2% Zn for 3.336 billion pounds of zinc) and a high-grade Silver Zone (15.2 million tonnes at 114.9 g/t Ag for 56.3 million ounces of silver). The company also identified a discovery of higher-grade silver-zinc and silver-copper sulphide mineralization with more attractive metallurgy, the scale of which has not been delineated.

The company's business model is that of a pre-revenue exploration stage developer: Silver Bull does not generate operating revenue, has no commercial products or pricing structures, and seeks to create shareholder value by advancing its sole project toward delineation, permitting, and ultimately production or strategic transaction. Go-to-market is conducted through investor relations channels — corporate website, stock exchange filings and press releases (OTCQB: SVBL, TSX: SVB), annual general meetings, and social media (Facebook, Twitter, LinkedIn, YouTube). The company is publicly traded with a market capitalization of approximately $19 million at around $0.40 per share.

Silver Bull's principal operational constraint is an illegal blockade of the Sierra Mojada site by a local cooperative that began in September 2019 and has prevented any exploration activity since. In response, on March 2, 2023 the company filed a Notice of Intent under Annex 14-C of the USMCA seeking no less than US$178 million in damages from Mexico. A five-day arbitration hearing was completed in Washington, D.C. on October 10, 2025, with submissions due by December 5, 2025; on June 1, 2026, the claim was dismissed on jurisdictional and time limitations grounds, removing the company's principal legal pathway to monetization while the underlying site access problem remains unresolved.

Name

Silver Bull Resources

Legal name

Silver Bull Resources, Inc.

Website

https://silverbullresources.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Silver Bull Resources is a Canadian-based, publicly traded (OTCQB: SVBL; TSX: SVB) pre-revenue mineral exploration company whose sole asset is the Sierra Mojada silver-zinc project in Coahuila, Mexico, where it has been blocked from operating since September 2019 by a local cooperative.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Mineral exploration
• Silver zinc mining
• Base metals development
• Mining concessions
• Resource estimation

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales

Distribution channels1 record

Marketing channels4 records

Core offering

Silver Bull Resources is a Canadian-based mineral exploration and development company focused on exploring and developing the Sierra Mojada silver-zinc-lead project in Coahuila, Mexico. The project covers 20 mining concessions totalling 9,530.4 hectares and has a NI 43-101 compliant global measured and indicated resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver. The company also holds a higher-grade sulphide discovery (silver-zinc and silver-copper) that has not yet been fully delineated due to an illegal site blockade since September 2019.

Product overview

Silver Bull Resources is a Canadian-based mineral exploration company with a single core product: the Sierra Mojada Project, a silver-lead-zinc mining development project in Coahuila, Mexico. The project includes a NI 43-101 compliant resource report documenting measured and indicated resources. The company also holds a Listed Issuer Financing Exemption (LIFE) offering document. The Sierra Mojada Project represents the entirety of the company's product portfolio—a single mineral exploration and development asset.

Differentiator

Problem solved

Functional benefit

Products and services

• Sierra Mojada Project A mineral exploration and development project located in Coahuila, Mexico, encompassing 20 mining concessions totalling 9,530.4 hectares with a NI 43-101 compliant measured and indicated resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver. The project includes a high-grade Zinc Zone (13.5 million tonnes at 11.2% Zn), a high-grade Silver Zone (15.2 million tonnes at 114.9 g/t Ag), and a discovery of silver-zinc and silver-copper sulphide mineralization. The asset is targeted at mining companies and resource developers for acquisition, joint venture, or partnership to bring it into production.
• NI 43-101 Sierra Mojada Resource Report A NI 43-101 compliant technical resource report documenting the Sierra Mojada Project's global resource estimate of 70.4 million tonnes with 5.354 billion pounds of zinc and 87.4 million ounces of silver, including the high-grade Zinc Zone and Silver Zone. The report is published on the company's website for investors, analysts, and potential acquirers or partners to evaluate the asset.

Quantifiable outcome

• 87.4 million ounces of silver and 5.354 billion pounds of zinc in NI 43-101 compliant resources
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Hecla Mining Company: Established silver producer with operations in the US and Mexico (Lucky Friday). Comparable as a major silver miner with appetite for silver development assets and SilverCrest acquirer; informs strategic M&A optionality for Silver Bull.
• First Majestic Silver: Mid-tier silver producer operating multiple Mexican and Latin American silver mines. Provides a benchmark for what a producing Silver Bull could look like at scale and informs regional permitting/operating dynamics in Mexico.
• Endeavour Silver: Intermediate silver producer with Mexican operating mines (Guanacevi, Bolanitos) and a development/expansion pipeline. Comparable commodity focus and Mexican jurisdiction; useful for benchmarking operating, social-license and permitting risk for Silver Bull.
• Pan American Silver: Large silver producer with a diversified Mexican and Latin American portfolio and the acquirer of MAG Silver (2025). Relevant as a potential strategic acquirer of advanced silver assets such as Sierra Mojada, and as a benchmark for project economics in Mexico.

Direct peers

• Alexco Resource Corp: Re-emerging silver development company with the Keno Hill project in Yukon. Pre-production silver peer with comparable single-asset, resource-stage development trajectory and similar leverage to silver prices.
• New Pacific Metals Corp: Silver-zinc-lead exploration company developing the Silver Sand project in Bolivia. Same commodity mix (Ag-Zn-Pb) and exploration-to-development lifecycle stage as Silver Bull, making it a comparable single-asset silver junior.
• MAG Silver Corp: Silver-focused exploration and development company whose Juanicipio project in Mexico closely parallels Silver Bull's profile as a silver-zinc junior developing a single Mexican asset through staged drilling and permitting.
• SilverCrest Metals (now Hecla): Pre-acquisition SilverCrest was a silver-gold developer with the Las Chispas mine in Sonora, Mexico. Peer through Mexican silver project development, single-asset focus, and progression from exploration to production.
• Santacruz Silver Mining: Mexico-focused silver mining and development company operating in Zacatecas and San Luis Potosi. Direct jurisdictional and commodity overlap with Silver Bull; comparable scale and silver-zinc operating footprint in historic Mexican mining districts.

Emerging players

• Silver Wolf Exploration: Early-stage silver exploration company with Mexican silver projects. Comparable as a small-cap, jurisdiction-overlapping silver explorer with shared exposure to Mexican social-license and permitting dynamics that Silver Bull is navigating.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/silverbull_res
• YouTubeyoutube.com/user/SilverBullResouces?feature=watch
• Facebookfacebook.com/silverbullresources
• LinkedInlinkedin.com/company/2486065

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silver Bull Resources