$SVB.TO

3 stories mentioning SVB.TOUpdated 14d ago

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Update: Silver Bull Resources' Plunges As Arbitration Case Against Mexico Dismissed

Silver Bull Resources' (SVB.TO) has plunged 87.6% after the company said Monday its arbitration case against Mexico was dismissed, due to a lack of jurisdiction and/or for being time-barred.Silver Bull has been ordered to pay part of Mexico's legal costs totaling US$998,000.The dispute arose from Mexico's "actions and omissions" regarding the blockade of Silver Bull's Sierra Mojada Project, which began September 2019, and remains ongoing. The company began arbitration proceedings in 2023 against Mexico under the United States-Mexico-Canada Agreement (USMCA) and the North American Free Trade Agreement (NAFTA).Silver Bull is analyzing the tribunal's decision with its legal advisers to evaluate its options, including an application to annul the award, which must be filed within 120 days.The company is also also evaluating other options and projects, including the possibility of restarting the Sierra Mojada Project, which is its sole asset."In the company's view, the tribunal chose to apply a tight and narrow interpretation of the expiry of NAFTA and the related time-bar provisions, notwithstanding that the blockade commenced in September 2019 while NAFTA was in full force and effect and that the company submitted its claims against Mexico before the expiry of the three-year NAFTA legacy-claim period under the USMCA transition regime," chief executive Tim Barry said.Silver Bull shares are down $0.70 to $0.115 on the Toronto Stock Exchange.Price: $0.11, Change: $-0.70, Percent Change: -86.42%

$SVB.TO

Mining & Metals14d ago

Silver Bull Resources' Arbitration Case Against Mexico Dismissed

Silver Bull Resources' (SVB.TO) arbitration case against Mexico has been dismissed, due to a lack of jurisdiction and/or for being time-barred, the company said on Monday.Silver Bull has been ordered to pay part of Mexico's legal costs totaling US$998,000.The dispute arose from Mexico's "actions and omissions" regarding the blockade of Silver Bull's Sierra Mojada Project, which began September 2019, and remains ongoing. The company began arbitration proceedings in 2023 against Mexico under the United States-Mexico-Canada Agreement (USMCA) and the North American Free Trade Agreement (NAFTA).Silver Bull is analyzing the tribunal's decision with its legal advisers to evaluate its options, including an application to annul the award, which must be filed within 120 days.The company is also also evaluating other options and projects, including the possibility of restarting the Sierra Mojada Project, which is its sole asset."In the company's view, the tribunal chose to apply a tight and narrow interpretation of the expiry of NAFTA and the related time-bar provisions, notwithstanding that the blockade commenced in September 2019 while NAFTA was in full force and effect and that the company submitted its claims against Mexico before the expiry of the three-year NAFTA legacy-claim period under the USMCA transition regime," chief executive Tim Barry said.Silver Bull shares last traded on May 29, closing at $0.81 per share.

$SVB.TO

Mining & Metals60d ago

Silver Bull Resources Expects Final Award In Arbitration Case Against Mexico Will Be Rendered By End of May

Silver Bull Resources (SVB.TO) after trade Thursday said a tribunal will by the end of next month render its final award in an arbitration case involving the company and Mexico.As previously reported, Silver Bull began international arbitration proceedings against Mexico under the United States-Mexico-Canada Agreement and the North American Free Trade Agreement. 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, to which Mexico is a signatory.A statement noted the arbitration arises from Mexico's actions and omissions with respect to the illegal blockade of Silver Bull's Sierra Mojada project, which began in September 2019, and remains ongoing.As directed by the Arbitration Tribunal, upon completion of the hearing on Oct. 10, 2025, in Washington, D.C., the company and Mexico provided their post-hearing briefs on Nov. 21, 2025. The parties then filed their submissions on costs on Dec. 5, 2025, and updated submission on costs on April 13.Thursday's statement said the tribunal has now advised the parties that it will render its final award, in both English and Spanish, by the end of May.Sivler Bull shares closed up $0.02 to $0.33 on the Toronto Stock Exchange.

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