[Paullee]

Silver Bull Announces Filing of Request for Arbitration with International Centre for Settlement of Investment Disputes
Silver Bull Resources, Inc.
Thu, June 29, 2023 at 4:30 PM EDT
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Silver Bull Resources, Inc.
Silver Bull Resources, Inc.
VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) announces that it has commenced international arbitration proceedings against the United Mexican States (“Mexico”) under the Agreement between the United States of America, Mexico, and Canada (the “USMCA”) and the North American Free Trade Agreement (the “NAFTA”). The Arbitration arises from Mexico’s unlawful expropriation and other unlawful treatment of Silver Bull and its investments resulting from the illegal blockade of Silver Bull’s Sierra Mojada project.

The arbitration has been 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 (ICSID), to which Mexico is a signatory.

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico’s breaches of NAFTA by unlawfully expropriating Silver Bull’s investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA’s national treatment standard. Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.

Despite repeated demands and requests for action by the Company, Mexico’s governmental agencies have allowed the unlawful blockade to continue, thereby failing to protect Silver Bull’s investments. Consequently, Silver Bull will seek to recover an amount of approximately US$178 million in damages that it has suffered due to Mexico’s breach of its obligations under NAFTA, which includes sunk costs of approximately US$82.5 million, usually considered minimum damages in such cases.

The Company has engaged Boies Schiller Flexner (UK) LLP (“BSF”), an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources, to act on its behalf. The BSF Team will be led by Timothy L. Foden, a noted practitioner in the mining arbitration space.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 [e-mail]

[Pro-Life]

Via email: Silver Bull Announces Termination Of Option Agreement With South32 At Sierra Mojada

Shaking my head….

Vancouver, British Columbia – Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) announces the termination of the option agreement with a wholly-owned subsidiary of South32 Limited (“South32”) at the Sierra Mojada project located in Coahuila, Mexico. The Sierra Mojada project has been illegally blockaded (see news release from September 30, 2019) and thus there has been an inability to progress investment in exploration activities.

Tim Barry, CEO commented, “While we are disappointed that South32 has decided to terminate the option agreement for Sierra Mojada, we understand their reasoning given the inability to access the project site since September 2019. We appreciate South32’s professionalism throughout this partnership.”

Mr. Barry went on to say, “The ongoing illegal blockade of the Sierra Mojada project by the local mining cooperative, Sociedad Cooperativa de Exploración Minera Minero Norteños S.C.L., has been in place since September 2019. There has been no intervention by the appropriate authorities to bring this to an end and despite the Company’s many attempts to reach a reasonable path towards an amicable settlement, we have been unable to gain permanent access to the project site. We hope that this unfortunate recent outcome will encourage the appropriate government agencies to take immediate action to remove the illegal blockade for the betterment of the project and the broader local community and businesses.”

Silver Bull will continue to assess the current situation at Sierra Mojada and other opportunities outside of Mexico as they present.

[basserdan]

Arras Minerals acquires five new mineral exploration licences increasing its total land package in northeastern Kazakhstan by 70%

TSX-V: ARK

Vancouver, British Columbia – Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the acquisition of five mineral exploration licences. The new licences held by the Company’s 100 % owned Kazakh Subsidiary, Ekidos Minerals LLP, cover a total of 2,122 square kilometers (“sq km”) in northeastern Kazakhstan focussed on the Bozshakol-Chingiz and Baidaulet-Akbastau metallogenic belts.

Highlights:

• A total of five new mineral exploration licenses (namely, “Maisor”, “Aktasty”, “Elemes”, “Norgubek”, and “Akkuduk”) totaling 2,122 sq km have been granted by the Ministry of Industry and Innovational Development, Government of Kazakhstan, increasing the Company’s total land package in northeastern Kazakhstan by 70% to 3,028 sq km. All licenses are located within a 120 km radius of Arras' operational base in the city of Ekibastuz, Pavlodar facilitating cost-effective exploration.

• Arras is now the largest license holder in the highly prospective Bozshakol-Chingiz metallogenic belt, and the third largest in the Republic of Kazakhstan, after Fortescue Metals Group and Rio Tinto.

• The Bozshakol-Chingiz and Baidaulet-Akbastau metallogenic belts host the producing Bozshakol porphyry copper-gold mine and Maikain volcanic-hosted massive sulfide (“VHMS”) mine, respectively, as well as Arras’ Beskauga porphyry-epithermal copper-gold project where an initial 10,000-meter drill program (permitted for 30,000m) is currently underway.

• Compilation, digitization, and interpretation of Soviet-era geological and geophysical datasets for the new licenses has identified multiple targets for porphyry, epithermal, VHMS, and orogenic gold mineralization.

More at:
https://www.arrasminerals.com/

[Paullee]

Seems that ARK.cn is not freely trading around .35

[basserdan]

ARRAS MINERALS INTERCEPTS 1120.4M @ 0.59 % CuEq, INCLUDING
465.1 M @ 0.81 % CuEq STARTING FROM 43.9M BELOW SURFACE ON
THE BESKAUGA PROJECT IN NORTHEASTERN KAZAKHSTAN

June 22, 2022

https://irp.cdn-website.com/8c0a7d35/files/uploaded/2022-06-22_Arras%20Minerals%20Drill%20Results_FINAL.pdf

[basserdan]

Arras Minerals Files NI 43-101 Resource of 1.75 Million Ounces of Gold & 333.6 Thousand Tonnes of Copper in “Indicated” Category, and 1.49 Million Ounces of Gold & 222.2 Thousand Tonnes of Copper in “Inferred” Category on the Beskauga Copper-Gold Project

Mr. Tim Barry reports:

VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras”, or the “Company”) is pleased to announce it has filed an updated Mineral Resource estimate report on the Beskauga copper-gold project onto the SEDAR website.

Continued below:

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3157-tsx-venture/ark/123382-arras-minerals-files-ni43-101-resource-of-1-75-million-ounces-of-gold-333-6-thousand-tonnes-of-copper-in-the-indicated-category-and-1-49-million-ounces-of-gold-222-2-thousand-tonnes-of-copper-in-the-inferred-category-on-the-beskauga-copper-gold-project-in-north-eastern-kazakhstan.html

[SONARSTOCKZ]

$SVBL Bottom channel. Increasing technicals. Price test above 50sma with increasing OBV. RSI 55. 10sma over 20sma

[81vette]

big chart events started,sma50 crossing sma200

[81vette]

insider buying>>SEC Transactions Last 6 Months
Buy / Sell
BUYS
3
SELLS
0
TOTAL
3
Shares
BOUGHT
437,501
SOLD
0
GROSS
437,501
NET
437,501

[81vette]

wow,nice reversal chart,lots of buying,something big coming?

[Pro-Life]

Via email: Silver Bull Announces Voting Results of Annual Meeting of Shareholders

[Mephisto Berserk]

8.9 m market cap. Super lean. Seems like a good price for the potential here. Watching to see if it breaks lower. Going to buy small position here at .25 . If it stays in this range will buy more.

[basserdan]

Silver demand to surpass 1 billion ounces this year, hitting a 6-year high – Silver Institute

By Neils Christensen
Wednesday November 17, 2021 11:25

The global silver market will see demand reach 1.29 billion ounces this year, the first time it has breached 1 billion since 2015, according to the latest report from the Silver Institute.

Wednesday, in its interim market report, the Silver Institute said that silver demand had seen broad-based growth through 2021, with industrial demand leading the way.

"The recovery in silver industrial demand from the pandemic will see this segment achieve a new high of 524 million ounces (Moz). In terms of some of the key segments, we estimate that photovoltaic demand will rise by 13% to over 110 Moz, a new high and highlighting silver's key role in the green economy," said analysts at Metals Focus, who conducted the latest research on behalf of the Silver Institute.

The report also noted robust investment demand with interest in physical bullion expected to increase 34% or by 64 million ounces to 263 million ounces, representing a six-year high.

"Growth began with the social media buying frenzy before spreading to more traditional silver investors. Indian demand reflects improved sentiment towards the silver price and a recovering economy. Overall, physical investment in India is forecast to surge almost three-fold this year, having collapsed in 2020," the analysts said.

Paper demand for silver is also expected to increase in 2021. Holdings in silver-backed exchange-traded funds are projected to rise by 150 million ounces.

"During 2021 and through to November 10, holdings rose by 83 Moz, taking the global total to 1.15 billion ounces, close to its record high of 1.21 billion ounces which occurred on February 2, at the height of the social media storm," the analysts said.

The report said that silver jewelry and silverware fabrication is expected to see partial recoveries from the 2020 depressed levels, growing by 18% and 25%, respectively.

"Both markets will benefit from a marked upturn in all key countries, especially in India as the economy and consumer sentiment have bounced back more quickly than expected, and as restrictions ended in time for the all-important wedding and festive season," the analysts said.

Looking at the supply side, Metals Focus said that mine production is forecasted to increase by 6% to 829 million ounces.

"This recovery is largely the result of most mines being able to operate at full production rates throughout the year following enforced stoppages in 2020 due to the pandemic. Those countries where output was most heavily impacted last year, such as Peru, Mexico and Bolivia, will have the biggest increases," the analysts said.

Looking at the market's supply/demand fundamentals, Metals Focus looks for silver to see a modest supply deficit of 7 million ounces. "This will mark the first deficit since 2015," the report said.

The optimistic demand outlook comes as silver prices see a renewed uptrend. December silver prices last traded at $25.215 an ounce, up 1% on the day. Economists have noted that precious metals have seen new bullish momentum after consumer inflation rose to its highest level in 31 years.

One billion ounces is just the start - Hecla CEO

Phillip Baker, CEO of Hecla Mining, said in a telephone interview with Kitco News that he expects silver prices to remain in a strong uptrend as investors look for inflation hedges.

"Right now, we are seeing the consequences of trying to smooth out our economic system and avoid crisis," he said. "The result is higher inflation and it is doesn't seem to be very transitory."

Tuesday, Hecla, which represents 40% of all silver mined in the U.S., rang the closing bell on the New York Stock Exchange. This year the company is also celebrating its 130th anniversary.

Baker added that he expects silver demand to continue to grow and sees the potential of a 2-billion ounce market in the next 30 years.

"There's no doubt that with the desire to have clean energy, the demand for silver is going to continue to increase and increase probably at a much faster rate than what we've seen in the past," he said. "With all that demand, silver is more expensive."

To put the demand growth into perspective, Baker said that the world would need to see seven to ten new mines the equivalent size of its Green Creek in Southeast Alaska. The mine is forecasted to produce about 10 million ounces of silver this year. It is one of the largest primary silver producers in the world.

https://www.kitco.com/news/2021-11-17/Silver-demand-to-surpass-1-billion-ounces-this-year-hitting-a-6-year-high-Silver-Institute.html

[basserdan]

Daybreak in the Land of Precious Metals

Michael J. Ballanger
Friday, November 12, 2021

There have been many times in my sexagenarian journey through four and a half decades of inflationary, disinflationary, and deflationary cycles when the spinning plates above my head suspended upon poles of flawed data and errant central bank policy appear on the verge of a massive chaotic accident. There are, however, other times when all is right with the world in which the precious metals investor resides and this past week was just one of those.

From a technical perspective, I could not ask for a more enviable confluence of conditions and events. Firstly, the precious metals bucked the trend of yielding to U.S. dollar strength so to the degree that this decoupling marks a new paradigm of gold and silver drivers, it was a watershed week. Secondly, as you all have been reading for as long as I have been allowed to perch upon the soapbox of blogosphere scrutiny, that repetitive drone resembling the bespectacled high school English teacher blathering on about conjugations with fifteen minutes left in an early summer school day, it was that silver outperformed gold and that the HUI outperformed both metals while the mightily-gilded TSX Venture Exchange surpassed 1,000, symbolizing the return of “animal spirits” to the world of precious metals.

To coin the Longfellowian phrase, it was as if the world of the hard asset disciple rolled into light; it was daybreak everywhere; and it was long overdue.



I have been arguing the bullish case for gold and silver since the middle of August, having stepped away from the senior and junior miner ETF’s back in August of 2020, when suddenly every blogger on the planet were reciting quotes from the “Gold Bug’s Almanac” while quoting Von Mises and Keynes and Peter Schiff chapter and verse in their rebirth into gold and silver idolatry. Flash forward to late September 2021 when I seized upon silver’s phony false breakdown below $22/ounce (so obviously orchestrated by the bullion bank silver shorts) and designed to spook speculative longs into a final cathartic capitulation. I contend that the late September reversal was the precise moment that the precious metals gods finally held up both hands and pronounced “Enough!” putting an end to the ever-ignored shenanigans that have plagued the paper markets for what seems like an eternity.

The star performer was gold for much the early move but now it appears that the freckle-faced, red-haired hellion – silver – has put a clamp on the leadership torch wrenching it away from gold and about to pass it over happily to the mining shares, where the GDX and GDXJ have been absolute beasts since the late September reversal.

Outside of the RSI levels for the HUI, GDX, and GDXJ all closing out the week solidly above 70 (overbought), history has proven that they can stay overbought for weeks and especially when gold has moved away from “correction” mode and into “resumed uptrend” mode in which I believe we are now immersed and in a highly-convincing manner.



This chart marks the performance of the three precious metal classes and it is textbook. Shares are outperforming metal and silver is outperforming gold; this is a classic trademark of a confirmed bull market and while it will most certainly not be a straight line to all-time highs, my only conundrum is whether gold gets there by New Year’s Day.

We all read the same commentators and listen to all the same podcasts but to whom I pay particular attention are those highly-successful investors that have rarely, if ever, owned precious metals that are now on the record as owning gold and looking for significantly higher prices. A few weeks ago, I listened to an interview with Sam Zell, one of the greatest horse-traders in the history of modern finance, in which he basically called out the policymakers for trashing the American balance sheet while citing gold as an appropriate place to park one’s wealth. It is those massive pools of capital that are now sloshing around the bond and equity arenas that are going to be eventually forced to assets that have no counterparty risk and when that occurs, it will be elephantine demand meeting rodent-ine supply resulting in an unfathomable price reaction in everything vaguely even associated with gold or silver.

I have told this story before but it bears repeating. In the late 1970’s while working as a clueless trainee for a large Canadian brokerage firm, one of the senior salesmen (not “wealth advisor”) told me about a junior gold explorer called “Mattachewan Consolidated Mines” at about CAD $.08 per shares so, having never bought a stock before in my life, I took my life savings at the time and bought 20,000 shares worth CAD $1,600 and then promptly forgot about it. A few months later, I was handing out the bond quote sheets (there were no quote terminals for bonds back then) when I ran into the senior salesman who asked while sporting a broad smile how I liked the move in Mattachewan. I asked him what it was doing, sluffing off my ignorance due to being “too busy” counting Canada Savings Bonds and licking stamps. “Why,” he said “it just traded at $1.80 and it’s going to $3!” Having earlier learned my “times tables”, I quickly did the math and realized (while hyperventilating madly) that I had just won a lottery with my $1,600 now worth $36k and possibly on its way to $60k! “Well,” I said puffing out my chest and trying to look scholarly, “I need to do some research on this. Can you tell me where they have their gold and how much of it they own?” The senior salesman began laughing hysterically after which he responded while wiping tears from his ruddy cheeks, “son, this is a gold bull market and there is no bull market like a gold bull market. The only gold Mattachewan has is the letters G-O-L-D in their name.” He then embarked on another howling round of laughter and I skulked off to the cloakroom.”



The point I make is that the vast majority of Millennials and Genexers have never seen a) a bear market or b) a bull market in precious metals miners. They know crypto and they know technology but their eyes glaze over when you describe the move in Consolidated Stikine in 1989 or Diamondfields in 1996. Just as fortunes have been made in this cycle in worthless EV companies or counterfeiting schemes like certain crypto deal, fortunes are about to made in the junior developers and explorers. The TSX Venture Exchange is the Canadian version of the junior NASDAQ so like its U.S. counterpart, it is a great barometer for speculative sentiment. While the tech-laden COMPQ hit record highs last week, it is important to remember that the high for the TSXV was in May 2007 when it traded over 3,350; it has been that long since the junior mining markets have received anything resembling “love” on a par with technology or crypto. The bottom line is that like silver, which has yet to see record highs, the junior resource sector has a great deal of upside if we are to believe that the Great Currency Debasement exercise around the world is going to reprice all assets to new highs. We have seen it everywhere in the industrial and soft commodities and should expect to see it in uranium, silver, and the TSXV before the cycle gets terminated by either policy errors or global war, both of which are possible but impossible to either time or predict.



I went long December Silver in late September the day the bullion bank monkeys tried to smash it below $22 but just as the Twitterverse had concluded that it was $18 bound, the mysterious forces of short-covering evil stepped into the panic and before you could say “JP Morgan”, silver went on an eleven-day recovery to $23 and has not looked back. I see some resistance around $27-28 after which 2021 highs are likely above the $30 “#silversqueeze” spike level that created the underperformance that has persisted since February. This week it appears to have broken the shackles of its lead-filled sneakers once and for all, so since we own the SLV:US from $22.10 (now $23.42) and the January $20 calls from $2.10 (now $3.56), I see no reason to rush to ring the register unless RSI spikes into the high 70’s (or until I see all of the usual silver bugs taking victory laps around the Twitter Track).

Gold and silver investors have had to endure a very long and very cold night since the sun went down in August 2020. As I pointed out last week, the gold and silver mining shares represented by the GDM are absurdly undervalued despite a superb advance this past week but what are even more undervalued are those junior developers with large and rapidly-growing resources (like Getchell Gold Corp. GTCH:CSE / GGLDF:US OTC QB) whose share prices are wallowing in sentiment purgatory despite impressive 2021 results. As I constantly harp on every time an unattended pair of ears or eyes can be found, it is the junior developers that will have the biggest lift in 2022 along with selected exploration issues (available to all subscribers).

Enjoy the warmth of the daylight sun and remember the lesson behind Mattachewan Consolidated Mines because that is where we are headed…

MJB

https://lemetropolecafe.com/toulouse-lautrec_table.cfm?pid=17269
(Sub required ~ painless 2 week trial available)

[varjim]

still no arras shares

[scaryharrysafari]

It's really very simple, Pro-Life:

"Bumbles" Barry couldn't manage a lemonade stand.

And unless and until he is removed from any and all management / director positions he holds, and someone with real mining management experience is put in charge, both Silver Bull and Arras are going nowhere!.

And that said, I feel really bad for basserdan who's somehow been stuck with the unenviable job of defending this indefencible Clown Show.

Some lucky company will pick this abomination up out of Receivership, because that's what's coming, like a freight train.

Period. Full stop.

[Pro-Life]

Another new low for the move. Wow.

[varjim]

Does anyone have the new stock? If so what is the symbol?

[basserdan]

<<<But more than a 69% drop is incredibly unjustified. From $1.25 in June to 44¢ is just crazy. The Arras deal did not cost the company greater than 2/3 of it's value.
Yes, silver has dropped but not for long and not for 2/3 like SVBL.
This may be quite a buying opportunity.>>>

I agree and fwiw, have been a buyer on this seemingly overdone break in value.

[Pro-Life]

But more than a 69% drop is incredibly unjustified. From $1.25 in June to 44¢ is just crazy. The Arras deal did not cost the company greater than 2/3 of it's value.

Yes, silver has dropped but not for long and not for 2/3 like SVBL.

This may be quite a buying opportunity.

Thanks, Dan!!! Always a pleasure!

[basserdan]

<<<I am still bewildered why this stock price dumped... am I blind? What am I missing?>>>


G'morning, Pro-Life...
It is primarily because their Kazak resource (Arras Minerals) was converted into a separate company and I don't doubt the weakness in Ag has been an accomplice as well.

If you're a Silver Bull shareholder, you should have the Arras shares (one for each SVBL share you own) in your account.

[Pro-Life]

I am still bewildered why this stock price dumped... am I blind? What am I missing?

[scaryharrysafari]

"Bumbles" Barry has dug a hole so deep here they'll be years, if not decades, getting out of it on their own.

Nothing left here but to hope some vulture that knows what they're doing will pick up the carcass for cents on the dollar and we can ride their wagon.

[basserdan]

Arras Minerals Announces the Start of 30,000 Meter Drill Program on the Beskauga Deposit, Northeastern Kazakhstan

October 01, 2021 19:06 ET
Source: Arras Minerals Corp.

VANCOUVER, British Columbia, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (“Arras”) is pleased announce it has commenced an initial 30,000 metre surface drill program targeting the extensions of the Beskauga deposit both laterally and at depth, as well as a series of never before tested targets within the wider area.

For the drilling, Arras is using the local company “Tsentrgeolsemka LLP”. The drill program is conducted under the Option to Purchase agreement (“Option Agreement”) executed on January 26, 2021, with Copperbelt AG (“Copperbelt”), a mineral exploration company registered in Zug, Switzerland. Pursuant to the Option Agreement, Arras has the right to acquire Copper Belt’s right, title and 100% interest in the Beskauga property located in Kazakhstan by incurring US$15,000,000 in cumulative exploration expenditures on the Beskauga Project by January 26, 2025.

About the Beskauga Deposit: The Beskauga deposit is a gold-copper-silver deposit with a NI 43-101 compliant “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 contained gold, 476.1 thousand tonnes of contained copper, and 7.25 million ounces of contained silver and an “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 contained gold, 220.5 thousand tonnes of contained copper, and 4.82 million ounces of contained 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.

Table 1. Pit-constrained Mineral Resource estimate for the Beskauga copper-gold project

CATEGORY	TONNAGE (MT)	CU %	AU G/T	AG G/T	AU (MOZ)	CU (KT)	AG (MOZ) 
 Indicated	207	0.23	0.35	1.09	2.33	476.1	7.25 
 Inferred	147	0.15	0.33	1.02	1.56	220.5	4.82

Notes:
* An NSR $/t cut-off of $5.70/t was used, and the NSR formula is: 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 g/t

* The NSR formula incorporates variable recovery formulae. Average copper recovery was 81.7% copper and 51.8% for both gold and silver.

* Metal prices considered were $2.80/lb copper, $1,500/oz gold and $17.25/oz silver.

* The Resource is stated within a pit shell that considers a 1.25 factor above the metal prices.

* Mineral Resources are estimated and reported in accordance with the Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources and Mineral Reserves adopted May 10, 2014, as required under NI 43-101.

* The Mineral Resource is not believed to be materially affected by any known environmental, permitting, legal, title, taxation, socio-economic, marketing, political or other relevant factors

* These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.

* The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured; however, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

* The report was issued by CSA Global Consultants Canada Limited, the coordinating author is Serikjan Urbisinov, B.Sc., MAIG, an Independent Qualified Person in accordance with NI 43-101.

* Effective date of the report was January 28, 2021.

For a full summary of the Beskauga resource please visit the following link:
https://silverbullresources.com/site/assets/files/5975/csa-beskauga-ni-43-101-final.pdf

About Kazakhstan
Size: Kazakhstan is the ninth largest country in the world, covering 2,717,300 square kilometres, and has a population of 18.2 million people.

Capital City: The capital city is Nur-Sultan which is located 300 kilometers from the project. Nur-Sultan has a major international airport allowing for easy access and administration of the Beskauga project.

Mining Law: Kazakhstan adopted a new mining code titled “Code on Surface and Subsoil Use” (the "SSU Code") on December 27, 2017, that became effective on June 29, 2018. The SSU Code is based on the Western Australian model where Kazakhstan moved from a contractual regime to a licensing regime for solid minerals (except for uranium). Coincident with the updated SSU law, the Kazakhstan government also reduced a considerable amount of the administrative burdens for subsoil users.

Tax: A summary of pertinent taxes related to exploration in Kazakhstan is as follows:

* 20% corporate tax
* 12% value-added tax (VAT) is refundable for exploration companies
* 4.7% royalty for copper
* 5% royalty for gold and silver

Geological Prospectivity: Kazakhstan is one of the most prospective countries in the world for a number of metals. According to the United States Geological Survey (www.usgs.gov), Kazakhstan is:

* 1st in the world for uranium production (41% of world output)
* 2nd in the world for chromite production (18% of world output)
* 4th in the world for titanium production (6% of world output)
* 10th in the world for copper production

The Fraser Institute Annual Survey of Mining Companies in 2020, ranked Kazakhstan the 23rd best mining jurisdiction in the world. Additionally, the World Bank’s “2020 Doing Business Ranking” ranked Kazakhstan in a tie for 23rd, alongside Canada and Ireland, out of a total of 190 countries measured on “Ease of Doing Business”.

The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
[phone]
[e-mail]

About Arras Minerals Corp.
Arras is British Columbia incorporated private company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

https://www.globenewswire.com/en/news-release/2021/10/01/2307416/0/en/Arras-Announces-the-Start-of-30-000-Meter-Drill-Program-on-the-Beskauga-Deposit-Northeastern-Kazakhstan.html

[varjim]

still no new stock

[basserdan]

Silver Bull and Arras Minerals Appoint Darren Klinck as President

Vancouver, British Columbia September 29, 2021 - Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) and Arras Minerals Corp. (“Arras”) are pleased to announce the appointment of Darren Klinck to both companies as President, effective October 1, 2021. Mr. Klinck will also be joining the Board of Directors of Arras.

Mr. Klinck is an accomplished mining executive with considerable management experience throughout Australasia & The Americas. He was most recently President & CEO of Bluestone Resources, following the acquisition of the Cerro Blanco gold project in Guatemala in 2017, where he led the team that financed and advanced the project through resource expansion, feasibility and engineering phases of project development.

He also spent more than ten years with OceanaGold as a member of the Executive Committee that achieved significant growth and business expansion to become a multi-mine, international gold mining company, growing from a market capitalization of less than C$100M to one greater than C$3B.

Over the past 20 years, Darren has been instrumental in negotiating both equity and debt financing packages totaling more than $800m and has significant experience leading teams in emerging markets with a strong focus on Corporate Social Responsibility (CSR) and community engagement programs, as well as extensive government relations activities.

Mr. Klinck has a Bachelor of Commerce degree from the Haskayne School of Business at The University of Calgary. He is a Director of ValOre Metals Corp and Gold Basin Resources Corp.

Mr. Klinck commented, “I look forward to working closely with Tim and the team as we advance from a solid base already in place in Mexico at Silver Bull but also as we begin to emerge with Arras in Kazakhstan. The team has done a terrific job through this challenging global pandemic to evaluate opportunities focusing on high-quality geological potential in jurisdictions that welcome mineral development. The significant opportunity established in Kazakhstan by Arras over the past year has positioned the company to be an early mover in one of the few copper-gold belts remaining globally that has not benefitted from significant modern exploration and focus. Pleasingly, Beskauga is already a significant deposit in its own right and provides a solid base from which to build on in the future within a country that is the most advanced economy in Central Asia; has recently modernized their mining regulations based on Western Australian code; and is now seeing new entrants comprising of the largest players in our industry.”

Brian Edgar, Chairman of Silver Bull stated “This is an important step forward for Silver Bull and Arras. Darren’s appointment significantly strengthens and diversifies our existing management team. He has a track record of creating shareholder value and a broad range of experience in management, corporate finance and investor relations. Silver Bull and Arras have two exceptional projects which provide exposure to silver and zinc, and gold and copper, respectively, and Darren’s capital markets expertise, coupled with management’s technical expertise, positions the Companies for significant success.”

Silver Bull and Arras Moving Forward: On September 24, 2021, Silver Bull completed the distribution of shares of Arras to its shareholders. Silver Bull continues to own approximately 4% of Arras, on a non-diluted basis.

Silver Bull will continue to focus on the Sierra Mojada project and surrounding area in Mexico and managing the joint venture option with South32. It will continue to trade under the symbol “SVB” on the TSX, and “SVBL” on the OTCQB.

Arras as a standalone entity will focus on the Beskauga deposit in Northeastern Kazakhstan.

The exploration activities of both companies will continue to be managed by current management and will be headquartered in Vancouver.

A summary of Arras’s Beskauga project in Kazakhstan, and the Sierra Mojada Project in Mexico is provided below.

Beskauga Deposit, Kazakhstan: The Beskauga deposit is an open pittable gold-copper-silver deposit with a NI 43-101 compliant “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 contained gold, 476.1 thousand tonnes of contained copper, and 7.25 million ounces of contained silver and an “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 contained gold, 220.5 thousand tonnes of contained copper, and 4.82 million ounces of contained silver.

The constraining pit was optimized 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. Mineralization remains open in all directions as well as at depth.

Table 1. Pit-constrained Mineral Resource estimate for the Beskauga copper-gold project
(Click on link below to view Table 1)

For a full summary of the Beskauga resource please refer to Silver Bull’s press release dated January 28, 2021 and filed on its profile at www.SEDAR.com, or by visiting the following link:

https://www.silverbullresources.com/news/silver-bull-announces-maiden-ni-43-101-resource-of-2.33-million-ounces-of-gold-476-thousand-tonnes-of-copper-in-the-indicated/

Sierra Mojada deposit, Mexico: Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated “global” Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the “global” Mineral Resource is a Measured and Indicated “high grade zinc zone” of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated “high grade silver zone” of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

The constraining pit was optimized and calculated using a NSR cut-off based on a silver price of US$15/oz, and a zinc price of US$1.20/lb and assumed a recovery for silver of 75% and a recovery for zinc of 41%. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.

For a full summary of the Sierra Mojada resource, please refer to Silver Bull’s press release dated October 31, 2018 and filed on its profile at www.SEDAR.com, or by visiting the following link:

https://www.silverbullresources.com/news/silver-bull-resources-announces-5.35-billion-pounds-zinc-87.4-million-ounces-silver-in-updated-sierra-mojada-measured-and/

The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

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https://silverbullresources.com/news/silver-bull-and-arras-minerals-appoint-darren-klinck-as-president/