Silver Bull Announces Voting Results of Annual Meeting of Shareholders

Rhea-AI Summary

Silver Bull Resources (OTCQB:SVBL) held its annual shareholder meeting on April 17, 2025, with 28.0% (13,269,249) of outstanding shares represented. All board nominees were re-elected with overwhelming support, each receiving over 95% approval: Brian Edgar (95.4%), Timothy Barry (95.1%), David Underwood (95.5%), and William Matlack (95.6%).

Shareholders approved key proposals including the appointment of Smythe LLP as the independent public accounting firm for fiscal year 2025 (96.4% in favor) and the unallocated entitlements under the company's 2019 Stock Option and Stock Bonus Plan (93.1% in favor).

Positive

• Strong shareholder support with over 95% approval for all board members
• High approval (96.4%) for appointment of independent auditor
• Strong backing (93.1%) for Stock Option and Stock Bonus Plan

Negative

• Low shareholder meeting participation rate of only 28.0%

VANCOUVER, BC / ACCESS Newswire / April 22, 2025 / Silver Bull Resources, Inc. (TSX:SVB)(OTCQB:SVBL) ("Silver Bull" or the "Company") is pleased to announce the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 17, 2025 (the "Meeting"). A total of 13,269,249 or 28.0% of the Company's issued and outstanding shares were represented at the Meeting.

The following nominees, as listed in Silver Bull's proxy statement, were re-elected as directors of the Company:

Director	Votes For	%	Withheld Votes	%
Brian Edgar	6,720,326	95.4%	320,064	4.6%
Timothy Barry	6,697,629	95.1%	342,761	4.9%
David Underwood	6,721,076	95.5%	319,314	4.5%
William Matlack	6,732,636	95.6%	307,754	4.4%

Silver Bull is also pleased to announce that the Company's shareholders have ratified and approved the appointment of Smythe LLP, as the Company's independent registered public accounting firm, for the fiscal year ending October 31, 2025 (12,746,226 or 96.4% voted "For", 478,088 or 3.6% voted "Against" and 44,935 abstained from voting).

The Company's shareholders also voted to approve the unallocated entitlements under the Company's 2019 Stock Option and Stock Bonus Plan (6,403,581 or 93.1% voted "For", 475,930 or 6.9% voted "Against", and 160,879 abstained from voting).

Full details of the proposals are fully described in the Company's definitive proxy statement filed on February 27, 2025 available on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov.

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull's and Arras's future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Mineral Resource estimates for the Sierra Mojada projects and the development of the project. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull's and Arras's exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether management's focus will be as described in this news release, the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in Silver Bull's Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: Silver Bull Resources, Inc.

View the original press release on ACCESS Newswire

FAQ

What was the voter turnout for Silver Bull Resources (SVBL) 2025 annual meeting?

The meeting had a 28.0% turnout, with 13,269,249 shares represented.

Who are the re-elected board members of Silver Bull Resources (SVBL)?

Brian Edgar, Timothy Barry, David Underwood, and William Matlack were re-elected, each receiving over 95% approval.

What was the voting result for SVBL's 2019 Stock Option and Stock Bonus Plan?

93.1% (6,403,581) voted in favor, while 6.9% (475,930) voted against, with 160,879 abstaining.

Who was appointed as SVBL's independent public accounting firm for 2025?

Smythe LLP was approved as the independent registered public accounting firm with 96.4% of votes in favor.