---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001240"
form_type: "8-K"
ticker: "SVBL"
cik: "0001031093"
company_name: "SILVER BULL RESOURCES, INC."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T21:59:08.754498+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Silver Bull secures $9.5M litigation funding for NAFTA arbitration claim against Mexico

## Summary
- Agreement with Bench Walk provides up to $9.5M to fund legal costs and operating expenses for arbitration claim against Mexico.
- Bench Walk receives contingent share of proceeds: up to 3.5x capital outlay or 30% of award if higher.
- Silver Bull seeks ~$178M in damages for unlawful expropriation of Sierra Mojada project, citing 4-year blockade.
- Legal counsel is Boies Schiller Flexner (UK) LLP, led by Timothy L. Foden, experienced in mining arbitration.
- Funding is non-dilutive to shareholders; security interest granted in Claim proceeds.

## SEC filing metadata
- accession: 0001079973-23-001240
- form_type: 8-K
- ticker: SVBL
- cik: 0001031093
- company_name: SILVER BULL RESOURCES, INC.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001240/0001079973-23-001240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001240/svbl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001240
- JSON: https://secwatch.observer/filing/0001079973-23-001240.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001240.txt

## Key facts
- Material Agreements
  SILVER BULL RESOURCES, INC. entered into Litigation Funding Agreement with Bench Walk 23P, L.P. valued at $9.5 million (effective 2023-09-04).
  - Action: entry
  - Counterparty: Bench Walk 23P, L.P.
  - Value: $9.5 million
  - Effective: 2023-09-04
  source text: On September 4, 2023, Silver Bull Resources, Inc. (the “Company”) entered into a Litigation Funding Agreement (the “Funding Agreement”) with Bench Walk 23P, L.P., a Delaware limited partnership (the “Funder”), for the primary purpose of funding certain legal costs
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001240/0001079973-23-001240-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.