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SECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n(Mark One)\n\n \n\n☒\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFOR THE QUARTERLY PERIOD ENDED April 30, 2026.\n\n \n\n☐\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFOR THE TRANSITION PERIOD FROM _________ TO _________.\n\n \n\nCommission File Number: 001-33125\n\n \n\nSILVER BULL RESOURCES, INC.\n\n(Exact name of registrant as specified in its charter)\n\n \n\nNevada91-1766677\n\nState or other jurisdiction of incorporation or organization (I.R.S. Employer Identification No.)\n\n \n\n999 West Hastings Street, Suite 1508\n\nVancouver, B.C., Canada V6C 2W2\n\n(Address of principal executive offices, including zip code)\n\n \n\nRegistrant’s telephone number, including area code: (604)-687-5800\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act: None\n\n \n\n777 Dunsmuir Street, Suite 1605\n\nVancouver, B.C., Canada V7Y 1K4\n\n(Former name, former address and former fiscal year, if changed since last report)\n\n \n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.\n\nYes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).\n\nYes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer ☐   Accelerated filer ☐\n\nNon-accelerated filer ☒ Smaller reporting company ☒\n\n  Emerging growth company ☐\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\n\nYes ☐ No ☒\n\n \n\nAs of June 11, 2026, there were 49,337,882 shares of the registrant’s $0.01 par value common stock outstanding, the registrant’s only outstanding class of voting securities.\n\n \n\n \n\n \n\n \n\n \n\n \n\nSILVER BULL RESOURCES, INC.\n\n(AN EXPLORATION STAGE COMPANY)\n\n \n\nTABLE OF CONTENTS\n\n \n\nPage\n\n[PART I –\nFINANCIAL INFORMATION](#a_001)\n3\n\n[ITEM\n1.  FINANCIAL STATEMENTS.](#a_001)\n3\n\n[ITEM\n2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.](#a_002)\n22\n\n[ITEM\n3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.](#a_003)\n29\n\n[ITEM\n4.   CONTROLS AND PROCEDURES.](#a_004)\n29\n\n[PART II – OTHER INFORMATION](#a_005)\n29\n\n[ITEM\n1.   LEGAL PROCEEDINGS.](#a_005)\n29\n\n[ITEM\n1A.   RISK FACTORS.](#a_006)\n29\n\n[ITEM\n2.   UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.](#a_007)\n29\n\n[ITEM\n3.   DEFAULTS UPON SENIOR SECURITIES.](#a_008)\n30\n\n[ITEM\n4.   MINE SAFETY DISCLOSURES.](#a_009)\n30\n\n[ITEM\n5.   OTHER INFORMATION.](#a_010)\n30\n\n[ITEM\n6.   EXHIBITS.](#a_011)\n31\n\n[SIGNATURES](#a_012)\n32\n\n \n\n \n\n[The balance of this page has been intentionally\nleft blank.]\n\n \n\n \n\n2 \n\n \n\nPART I – FINANCIAL\nINFORMATION"}