UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

SILVER BULL RESOURCES, INC.
(Exact name of the registrant as specified in its charter)
     
Nevada   001-33125   91-1766677
(State or other jurisdiction of incorporation)   (Commission file number)   (I.R.S. employer
identification no.)
         
777 Dunsmuir Street, Suite 1605, Vancouver BC, Canada   V7Y 1K4
(Address of principal executive offices)   (Zip code)
         
Christopher Richards (Chief Financial Officer), 604-687-5800
(Name and telephone number, including area code, of the person to contact in connection with this report.)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to
  December 31,    
   
☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended October 31, 2023
         

 
 

SECTION 1 – CONFLICT MINERALS DISCLOSURE

Item 1.01Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02Exhibit

Not applicable.

SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01Resource Extraction Issuer Disclosure and Report

Silver Bull Resources, Inc. (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year fiscal ended October 31, 2023, to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://silverbullresources.com/investors/estma/ or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

SECTION 3 – EXHIBITS

Item 3.01Exhibits

The following exhibit is filed as part of this report:

Exhibit No.   Description
2.01   Extractive Sector Transparency Measures Act – Report for the fiscal year ended October 31, 2023

 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

  SILVER BULL RESOURCES, INC.
   
Date: August 22, 2024 By: /s/ Christopher Richards
  Name: Christopher Richards
  Title: Chief Financial Officer

 

Exhibit 2.01

 

                 
Extractive Sector Transparency Measures Act - Annual Report  
               
Reporting Entity Name Silver Bull Resources, Inc.  
                 
Reporting Year From 11/1/2022 To: 10/31/2023 Date Submitted 4/11/2024  
                 
Reporting Entity ESTMA Identification Number E217800    Original Submission
Amended Report		    
                 
Other Subsidiaries Included
(optional field)		              
                 
Not Consolidated              
                 
Not Substituted              
                 
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.  
                 
Full Name of Director or Officer of Reporting Entity   Christopher Richards Date 4/11/2024  
Position Title     CFO        
                 

 

 

 
 

 

                   
Extractive Sector Transparency Measures Act - Annual Report
                 
Reporting Year From: 11/1/2022 To: 10/31/2023  
Reporting Name: Silver Bull Resources, Inc.        
Reporting Entity ESTMA Identification Number   E217800   Currency of the Report: USD  
Subsidiary Reporting Entities (if necessary)                
                 

Payments by Payee
Country Payee Name1 Departments, Agency, etc… within Payee that Received Payments2 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid to Payee Notes34
Mexico Government of Mexico Secretariat of Economy     145,997         145,997 Fiscal year end FX rate Peso => USD 0.0551995
                        
Additional Notes:  
1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).   
2 Optional field.  
3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.  
4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.  

 

 

 
 

 

 

                   
Extractive Sector Transparency Measures Act - Annual Report
                 
Reporting Year From: 11/1/2022 To: 10/31/2023  
Reporting Name: Silver Bull Resources, Inc.        
Reporting Entity ESTMA Identification Number   E217800   Currency of the Report: USD  
Subsidiary Reporting Entities (if necessary)                
                 

Payments by Project
Country Project Name1 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid by Project Notes23
Mexico Sierra Mojada Project     145,997         145,997 Fiscal year end FX rate Peso => USD 0.0551995
                     
Additional Notes3:  
1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.
2 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

 

v3.24.2.u1
Document Information
 12 Months Ended
Oct. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001031093
Registrant Name SILVER BULL RESOURCES, INC.
Period End Date Oct. 31, 2023
Reporting Currency USD
v3.24.2.u1
Payments, by Category - USD ($)
Fees
Total Payments
Total $ 145,997 $ 145,997
v3.24.2.u1
Payments, by Project - 12 months ended Oct. 31, 2023 - USD ($)
Fees
Total Payments
Total $ 145,997 $ 145,997
Sierra Mojada Project    
Total $ 145,997 $ 145,997
v3.24.2.u1
Payments, by Government - 12 months ended Oct. 31, 2023 - USD ($)
Fees
Total Payments
Total $ 145,997 $ 145,997
Government of Mexico    
Total $ 145,997 $ 145,997
v3.24.2.u1
Payments, Details - USD ($)
Amount
Type
Country
Govt.
Project
Resource
Segment
Ext. Method
#: 1                
$ 145,997 Fees MEXICO Government of Mexico Sierra Mojada Project Silver and Zinc Exploration Underground Mining
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