Silver Bull Resources, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Silver Bull Resources, Inc. has filed its 2023 Form 10-K, confirming its status as a smaller reporting company and its compliance with SEC filing requirements.</b>

AI Summary

SILVER BULL RESOURCES, INC. (SVBL) filed a Annual Report (10-K) with the SEC on January 29, 2024. Silver Bull Resources, Inc. filed its annual report on Form 10-K for the fiscal year ended October 31, 2023. The company is incorporated in Nevada and its principal executive offices are located in Vancouver, B.C. Silver Bull Resources, Inc. is classified as a smaller reporting company and a non-accelerated filer. The company has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days. The registrant has submitted electronically every Interactive Data File required pursuant to Rule 405 of Regulation S-T during the preceding 12 months.

Why It Matters

For investors and stakeholders tracking SILVER BULL RESOURCES, INC., this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance and operational status for the fiscal year ended October 31, 2023, which is crucial for investors to assess the company's health and future prospects. As a smaller reporting company, Silver Bull Resources, Inc. may have different disclosure requirements compared to larger filers, which investors should consider when analyzing the provided information.

Risk Assessment

Risk Level: low — SILVER BULL RESOURCES, INC. shows low risk based on this filing. The filing indicates the company is a smaller reporting company and a non-accelerated filer, suggesting a lower level of public scrutiny and potentially less extensive financial operations compared to larger entities.

Analyst Insight

Investors should review the full 10-K filing to understand Silver Bull Resources, Inc.'s financial position, operational activities, and any disclosed risks or strategic initiatives for the fiscal year 2023.

Key Numbers

• 2023-10-31 — Fiscal Year End (Fiscal year ended October 31, 2023)
• 001-33125 — Commission File Number (SEC File Number)
• 91-1766677 — IRS Number (IRS Employer Identification No.)

Key Players & Entities

• SILVER BULL RESOURCES, INC. (company) — Exact name of registrant
• October 31, 2023 (date) — Fiscal year ended
• Nevada (jurisdiction) — State or other jurisdiction of incorporation or organization
• Vancouver, B.C. (location) — Address of principal executive offices
• 001-33125 (other) — Commission File Number
• Common Stock, $0.01 Par Value (security) — Securities registered pursuant to Section 12(g) of the Act

Forward-Looking Statements

• SILVER BULL RESOURCES, INC. will continue to be classified as 'not a well-known seasoned issuer' in its next annual filing. (SILVER BULL RESOURCES, INC.) — high confidence, target: October 31, 2024
• The company will maintain its common stock par value at $0.01. (SILVER BULL RESOURCES, INC.) — high confidence, target: October 31, 2024

FAQ

Industry Context

Silver Bull Resources, Inc. operates in the Metal Mining industry (SIC 1000). This sector involves the extraction and processing of metallic ores.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of annual reports on Form 10-K.

What Investors Should Do

1. Review the financial statements and management's discussion and analysis in the 10-K for detailed financial performance.
2. Identify any new or significant risk factors disclosed in the filing that could impact the company's operations or stock value.
3. Assess the company's strategic initiatives and future outlook as presented in the business overview section.

Key Dates

• 2023-10-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-01-29: Filing Date — Date the 10-K report was filed with the SEC.

Year-Over-Year Comparison

This is the annual report for the fiscal year ended October 31, 2023. Specific comparisons to the prior year's financial data would be found within the detailed financial statements of the report.

Key Financial Figures

• $0.01 — Section 12(g) of the Act: Common Stock, $0.01 Par Value Indicate by check mark if t
• $518,000 — y South32 and the Company. South32 paid $518,000 to the Company as a final payment for t

Filing Documents

• svbl-20231031.htm (10-K) — 916KB
• ex4x1.htm (EX-4.1) — 15KB
• ex10x2.htm (EX-10.2) — 193KB
• ex21x1.htm (EX-21.1) — 5KB
• ex23x1.htm (EX-23.1) — 2KB
• ex23x2.htm (EX-23.2) — 7KB
• ex23x3.htm (EX-23.3) — 5KB
• ex31x1.htm (EX-31.1) — 10KB
• ex31x2.htm (EX-31.2) — 10KB
• ex32x1.htm (EX-32.1) — 5KB
• ex32x2.htm (EX-32.2) — 5KB
• map1.jpg (GRAPHIC) — 33KB
• image_001.jpg (GRAPHIC) — 32KB
• 0001079973-24-000143.txt (&nbsp;) — 6282KB
• svbl-20231031.xsd (EX-101.SCH) — 77KB
• svbl-20231031_cal.xml (EX-101.CAL) — 39KB
• svbl-20231031_def.xml (EX-101.DEF) — 311KB
• svbl-20231031_lab.xml (EX-101.LAB) — 592KB
• svbl-20231031_pre.xml (EX-101.PRE) — 331KB
• svbl-20231031_htm.xml (XML) — 595KB

and 2

Item 1 and 2. BUSINESS AND PROPERTIES 8 Item 1A.

RISK FACTORS

RISK FACTORS 16 Item 1B. UNRESOLVED STAFF COMMENTS 23 Item 1C. CYBERSECURITY 23 Item 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 23 Item 4. MINE SAFETY DISCLOSURES 24 PART II Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 25 Item 6. [RESERVED] 26 Item 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26 Item 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32 Item 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 32 Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 33 Item 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 33 Item 9B. OTHER INFORMATION 33 Item 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 33 PART III Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 34 Item 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 34 Item 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 34 Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 34 Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 34 PART IV Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 35 Item 16. FORM 10-K SUMMARY 36

SIGNATURES

SIGNATURES 37 3 The terms "Silver Bull," and the "Company," are used to refer to Silver Bull Resources, Inc. and its subsidiaries, unless the context otherwise requires. Technical terms have been included that are important to an understanding of the business under "Glossary of Common Terms" at the end of this section. Throughout this document statements are made that are classified as "forward-looking." Please refer to the "Cautionary Statement Regarding Forward-Looking Statements" section of this document for an explanation of these types of assertions. Cautionary Statement Regarding Forward-Looking This Annual Report on Form 10-K includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the United States Private Securities Litigation Reform Act of 1995, and "forward-looking information" within the meaning of applicable Canadian securities legislation. Words used such as "anticipate," "continue," "likely," "estimate," "expect," "may," "will," "projection," "should," "believe," "potential," "could," or similar words suggesting future outcomes (including negative and grammatical variations) to identify forward-looking statements. These statements include statements regarding the following, among other things: The sufficiency of existing cash resources to enable the Company to continue operations for the next 12 months as a going concern; The prospects of the claim process, or award, under the North American Free Trade Agreement ("NAFTA"); The Funding Agreement (as defined in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section), and continued payment of legal, tribunal and external expert costs, and reimbursement of corporate operating expenses, under its terms; Prospects of entering th

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View this 10-K filing on SEC EDGAR