Silver Bull Resources Reports $172,653 Net Loss for Six Months Ending April 30, 2025

Silver Bull Resources, Inc. has reported its financial results for the six months ending April 30, 2025, revealing a net loss of $172,653, or approximately $0.00 per share, compared to a net loss of $211,872, or approximately $0.00 per share, for the same period in the previous year. The company has not generated any revenue during this period, maintaining its status as an exploration stage company. The decrease in net loss is attributed to a reduction in both exploration and property holding costs, which fell to $82,253 from $84,687, and a significant decrease in general and administrative expenses, which dropped to $42,919 from $119,930.

The company’s total assets as of April 30, 2025, were reported at $6,001,810, a slight decrease from $6,010,713 as of October 31, 2024. Current assets also saw a minor decline, totaling $787,046 compared to $795,060 in the previous fiscal period. Notably, cash and cash equivalents decreased to $375,363 from $545,961, reflecting the ongoing operational expenditures and the lack of revenue generation. The company’s liabilities increased to $604,359 from $467,916, primarily due to a rise in accrued liabilities and expenses.

Strategically, Silver Bull Resources has focused on its ongoing arbitration claim against the Mexican government, which stems from an illegal blockade affecting its Sierra Mojada Property. The company has entered into a litigation funding agreement with Bench Walk Advisors LLC, which provides up to $9.5 million to cover legal and operational costs associated with the arbitration. As of April 30, 2025, the company has received $200,000 in reimbursements under this agreement. The arbitration process is expected to be a significant focus for the company moving forward, with a hearing scheduled for October 2025.

Operationally, the company has not reported any significant changes in customer counts or user statistics, as it remains in the exploration stage without established reserves. The blockade at the Sierra Mojada Property continues to hinder exploration activities, and the company has not been able to access the site since September 2019. The ongoing legal proceedings and the blockade have created uncertainty regarding the company’s ability to sustain operations over the next 12 months. Management is actively pursuing additional financing options, including equity financing and warrant exercises, to address these challenges.

Looking ahead, Silver Bull Resources emphasizes the need for additional capital to support its exploration efforts and operational demands. The company’s management plans to continue evaluating its financial resources and operational expenditures, particularly in light of the arbitration process and the potential for future exploration at the Sierra Mojada Property. The outcome of the arbitration and the resolution of the blockade will be critical in determining the company’s path forward and its ability to transition from exploration to development.