Silver Bull Resources Reports Reduced Net Loss and Increased Assets Amid Ongoing Blockade

Silver Bull Resources, Inc. has reported its financial results for the three months ending January 31, 2025, revealing a net loss of $102,386, a significant reduction from the $192,675 loss recorded in the same period the previous year. The company, which remains in the exploration stage and has yet to generate any revenue, attributed the decrease in net loss primarily to a reduction in general and administrative expenses and an increase in other income. General and administrative expenses fell to $31,112 from $89,822 year-over-year, largely due to decreased personnel costs and lower professional fees.

The company's total assets as of January 31, 2025, stood at $6,021,908, a slight increase from $6,010,713 at the end of the previous fiscal year. Current assets also rose to $810,731 from $795,060, driven by an increase in cash and cash equivalents, which reached $592,091 compared to $545,961 at the end of October 2024. However, total liabilities increased to $566,776 from $467,916, primarily due to higher accrued liabilities and accounts payable.

Operationally, Silver Bull continues to focus on its Sierra Mojada Property in Coahuila, Mexico, where it has faced challenges due to an ongoing blockade by local miners. The company is pursuing an arbitration claim against the Mexican government for damages related to this blockade, which has hindered its ability to conduct exploration activities. In September 2023, Silver Bull entered into a funding agreement with Bench Walk Advisors LLC, which has committed up to $9.5 million to cover legal and operational costs associated with the arbitration. As of January 31, 2025, the company had received $200,000 in reimbursements under this agreement.

Looking ahead, Silver Bull's management has indicated that while the arbitration process is a priority, the company will need to secure additional funding to continue its operations and exploration efforts. The company has not established any proven or probable reserves and remains dependent on external financing to sustain its activities. The outcome of the arbitration proceedings and the resolution of the blockade will be critical in determining the company's future operational capabilities and financial health.