SVBL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-10

• The focus of the remainder of the 2026 calendar year at the Sierra Mojada Property is to resolve the blockade and to maintain the Company’s property concessions in Mexico. Upon resolution of the blockade, management will prepare an updated exploration program. The Company is also continuing to inves…

• Office and administrative costs decreased $9,000 to $47,000 for the three months ended July 31, 2026 as compared to $56,000 for the comparable period last year. This decrease was primarily due to decreased office rent and shareholder relation activities.

• The Company recorded other income of $190,000 for the three months ended July 31, 2026 as compared to other expenses of $249,000 for the comparable period last year. The significant factor contributing to other income in the three months ended July 31, 2026 was $1,479,000 in income from the change i…

• Personnel costs decreased $4,000 to $188,000 for the nine months ended July 31, 2026 as compared to $192,000 for the comparable period last year. This decrease was primarily due to a decrease in stock-based compensation.

• Office and administrative costs of $154,000 in the nine months ended July 31, 2026 were similar to the $156,000 in such costs in the same period last year.

Text removed vs the prior filing · source: 10-Q · 2026-06-12

• 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;

• The ability to obtain additional financial resources on acceptable terms to (i) maintain its property concessions in Mexico and (ii) maintain general and administrative expenditures at acceptable levels;

• The focus of the Company for the 2026 calendar year will be to continue with the Arbitration process. If the Arbitration proceedings are resolved in favour of the Company, the Company would be unlikely to pursue the development of Sierra Mojada Property. If the blockade is resolved without a favoura…

• Office and administrative costs of $62,000 in the three months ended April 30, 2026 were similar to the $64,000 in such costs in the same period last year.

• The Company recorded other expenses of $1,090,000 for the three months ended April 30, 2026 as compared to other expenses of $49,000 for the comparable period last year. The significant factor contributing to other expenses in the three months ended April 30, 2026 was a $1,048,000 expense from the c…