Silver Bull Resources (SVBL) 10-K 14 Jan 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Jan. 14, 2022	Apr. 30, 2021
Cover [Abstract]
Document Type	10-K
Entity Central Index Key	0001031093
Document Period End Date	Oct. 31, 2021
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-33125
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	91-1766677
Entity Address, Address Line One	777 Dunsmuir Street
Entity Address, Address Line Two	Suite 1610
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V7Y 1K4
Entity Address Country	CA
City Area Code	604
Local Phone Number	687-5800
Title of 12(g) Security	Common Stock, $0.01 Par Value
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Auditor Attestation Flag	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		34,547,838
Entity Public Float			$ 25.5
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A in connection with the 2022 annual meeting of shareholders are incorporated by reference in Part III of this Annual Report on Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 31, 2021	Oct. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 189,607	$ 1,861,518
Value-added tax receivable, net of allowance for uncollectible taxes of $420,982 and $345,059, respectively (Note 4)	120,810	219,804
Income tax receivables		580
Other receivables	7,307	14,387
Prepaid expenses and deposits	196,178	229,647
Investments (Note 5)	1,166,770
Loan receivable (Note 5)		360,050
Total Current Assets	1,680,672	2,685,986
Office and mining equipment, net (Note 6)	164,140	239,769
Property concessions (Note 7)	5,019,927	5,019,927
Goodwill (Note 8)	2,058,031	2,058,031
TOTAL ASSETS	8,922,770	10,003,713
CURRENT LIABILITIES
Accounts payable	465,865	499,057
Accrued liabilities and expenses	324,454	383,718
Income tax payable	1,000	5,000
Total Current Liabilities	791,319	887,775
Loan payable (Note 9)	48,450	30,034
TOTAL LIABILITIES	839,769	917,809
COMMITMENTS AND CONTINGENCIES (Note 15)
STOCKHOLDERS' EQUITY (Notes 3, 10, 11 and 12)
Common stock, $0.01 par value; 150,000,000 and 37,500,000 shares authorized, 34,547,838 and 33,165,945 shares issued and outstanding, respectively	2,413,337	2,399,518
Additional paid-in capital	139,803,515	138,613,286
Accumulated deficit	(134,226,099)	(132,019,148)
Other comprehensive income	92,248	92,248
Total Stockholders' Equity	8,083,001	9,085,904
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 8,922,770	$ 10,003,713

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Allowance for uncollectible taxes, current	$ 420,982	$ 345,059
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	37,500,000
Common stock, shares issued	34,547,838	33,165,945
Common stock, shares outstanding	34,547,838	33,165,945

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Income Statement [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs (Note 11)	928,832	645,701
Depreciation (Note 6)	49,192	34,694
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	978,024	680,395
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel (Note 11)	886,204	613,517
Office and administrative	380,661	316,930
Professional services	868,007	398,154
Directors' fees (Note 11)	365,611	144,310
Provision for uncollectible value-added taxes (Note 4)	62,024	49,619
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	2,562,507	1,522,530
LOSS FROM OPERATIONS	(3,540,531)	(2,202,925)
OTHER INCOME (EXPENSES)
Interest income	92	7,689
Foreign currency transaction gain (loss)	6,384	(22,371)
Gain on investment (Note 5)	1,090,953
TOTAL OTHER INCOME (EXPENSES)	1,097,429	(14,682)
LOSS BEFORE INCOME TAXES	(2,443,102)	(2,217,607)
INCOME TAX EXPENSE (Note 13)	4,550	7,942
NET AND COMPREHENSIVE LOSS	(2,447,652)	(2,225,549)
NET AND COMPRENHSIVE LOSS ATTRBUTABLE TO
Common shareholders	(2,249,514)	(2,225,549)
Non-controlling interests (Note 5)	$ (198,138)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.07)	$ (0.08)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	33,893,867	29,580,786

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,447,652)	$ (2,225,549)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	49,192	34,694
Provision for uncollectible value-added taxes	62,024	49,619
Foreign currency transaction loss	3,804	15,191
Stock options issued for compensation (Note 11)	587,505	62,417
Unrealized share of net gain of subsidiary (Note 5)	(1,090,953)
Changes in operating assets and liabilities:
Value-added tax receivable	45,919	(39,820)
Income tax receivables	611	123
Other receivables	(6,077)	(6,338)
Prepaid expenses and deposits	33,469	(25,419)
Accounts payable	595,986	120,273
Accrued liabilities and expenses	485,125	53,511
Income tax payable	(4,000)	3,175
Net cash used in operating activities	(1,685,047)	(1,958,123)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment	(82,033)	(48,050)
Loan receivable	(1,928,450)	(360,050)
Deconsolidation of subsidiary (Note 5)	(505,228)
Net cash used in investing activities	(2,515,711)	(408,100)
CASH FLOWS FROM FINANCING ACTIVITIES:
Property concessions funding (Note 3)	82,670	1,100,731
Proceeds from loan financing (Note 9)	15,615	29,531
Proceeds from issuance of common stock, net of offering costs (Note 10)	452,828	1,668,669
Proceeds from issuance of common shares of subsidiary, net of offering costs (Note 5)	1,979,632
Net cash provided by financing activities	2,530,745	2,798,931
Effect of exchange rates on cash and cash equivalents	(1,898)	(2,824)
Net (decrease) increase in cash and cash equivalents	(1,671,911)	429,884
Cash and cash equivalents beginning of year	1,861,518	1,431,634
Cash and cash equivalents end of year	189,607	1,861,518
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid	4,825	4,825
Interest paid
NON-CASH INVESTING AND FINANCIING ACTIVITIES:
Offering costs included in accounts payable and accrued liabilities	$ 8,997	$ 90,042

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)		Common Stock [Member]		Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Other Comprehensive Income [Member]	Noncontrolling Interest	Total
Balance at Oct. 31, 2019		$ 2,363,282		$ 135,902,944	$ (129,793,599)	$ 92,248		$ 8,564,875
Balance, shares at Oct. 31, 2019	[1]	29,541,027
Issuance of common stock as follows: - Fractional share adjustment (Note 1)
Issuance of common stock as follows: - Fractional share adjustment (Note 1) (in shares)	[1]	1,338
Issuance of common stock as follows: - for cash at a price of $0.47 per share with attached warrants, less offering costs of $124,456 (Note 10)		$ 36,236		1,542,391				1,578,627
Issuance of common stock as follows: - for cash at a price of $0.47 per share with attached warrants, less offering costs of $124,456 (Note 10) (in shares)	[1]	3,623,580
Issuance of common stock as follows: - South32 option agreement (Note 3)				1,100,731				1,100,731
Reclassification to additional paid-in capital of stock option liability (Notes 3 and 11)				4,803				4,803
Stock option activity as follows:
Stock-based compensation for options issued to directors, officers, employees and consultants (Note 11)				62,417				62,417
Net loss					(2,225,549)			(2,225,549)
Balance at Oct. 31, 2020		$ 2,399,518		138,613,286	(132,019,148)	92,248		$ 9,085,904
Balance, shares at Oct. 31, 2020		33,165,945	[1]					33,165,945
Earn-in option agreement (Note 3)				82,670				$ 82,670
Issuance of common stock as follows: - for cash at a price of $0.47 per share with attached warrants, less offering costs of $6,780 (Note 10)		$ 3,190		139,960				143,150
Issuance of common stock as follows: - for cash at a price of $0.47 per share with attached warrants, less offering costs of $6,780 (Note 10) (in shares)		319,000
Issuance of common stock as follows: - for cash at a price of Canadian Dollar ("$CDN") 1.00 per share, less offering costs of $14,628 (Note 10)		$ 5,000		385,723				390,723
Issuance of common stock as follows: - for cash at a price of Canadian Dollar ("$CDN") 1.00 per share, less offering costs of $14,628 (Note 10) (in shares)		500,000
Issuance of common stock as follows: - for cashless exercise of options (Note 11)		$ 5,629		(5,629)
Issuance of common stock as follows: - for cashless exercise of options (Note 11) (in shares)		562,893
Changes in interest in subsidiary (Note 5)							1,979,633	1,979,633
Stock option activity as follows:
Stock-based compensation for options issued to directors, officers, employees and advisors (Note 11)				587,505				587,505
Deconsolidation of subsidiary (Note 5)					42,563		(1,781,495)	(1,738,932)
Net loss					(2,249,514)		(198,138)	(2,447,652)
Balance at Oct. 31, 2021		$ 2,413,337		$ 139,803,515	$ (134,226,099)	$ 92,248		$ 8,083,001
Balance, shares at Oct. 31, 2021		34,547,838						34,547,838
[1]	Shares outstanding for prior periods have been restated for the one-for-eight reverse stock split completed on September 15, 2020.

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - Warrant [Member] - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Equity issuance, price per share	$ 0.47	$ 0.47
Offering costs incurred	$ 6,780	$ 124,456
CDN [Member]
Equity issuance, price per share	$ 1
Offering costs incurred	$ 14,628

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Oct. 31, 2021
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Silver Bull Resources, Inc. (the “Company”) was incorporated in the State of Nevada on November 8, 1993 as the Cadgie Company for the purpose of acquiring and developing mineral properties. The Cadgie Company was a spin-off from its predecessor, Precious Metal Mines, Inc. On June 28, 1996, the Company’s name was changed to Metalline Mining Company. On April 21, 2011, the Company’s name was changed to Silver Bull Resources, Inc. The Company’s fiscal year-end is October 31. The Company has not realized any revenues from its planned operations and is considered an exploration stage company. The Company has not established any reserves with respect to its exploration projects and may never enter into the development stage with respect to any of its projects. The Company engages in the business of mineral exploration. The Company currently owns a number of property concessions in Mexico (collectively known as the “Sierra Mojada Property”). The Company conducts its operations in Mexico through its wholly-owned subsidiary corporations, Minera Metalin S.A. de C.V. (“Minera Metalin”), Contratistas de Sierra Mojada S.A. de C.V. (“Contratistas”) and Minas de Coahuila SBR S.A. de C.V. (“Minas”). On August 26, 2021, Contratistas merged with and into Minera Metalin. On April 16, 2010, Metalline Mining Delaware, Inc., a wholly-owned subsidiary of the Company incorporated in the State of Delaware, was merged with and into Dome Ventures Corporation (“Dome”), a Delaware corporation. As a result, Dome became a wholly-owned subsidiary of the Company. Dome has a wholly-owned subsidiary Dome Asia Inc. (“Dome Asia”), which is incorporated in the British Virgin Islands. On September 18, 2020, the Company completed a one-for-eight reverse stock split of its shares of common stock. All share and per share information in the consolidated financial statements, including references to the number of shares of common stock, stock options and warrants, prices of issued shares, exercise prices of stock options and warrants, and loss per share, have been adjusted to reflect the impact of the reverse stock split. On August 12, 2020, the Company entered into an option agreement (the “Beskauga Option Agreement”) with Copperbelt AG, a corporation existing under the laws of Switzerland (“Copperbelt Parent”), and Dostyk LLP, an entity existing under the laws of Kazakhstan and a wholly-owned subsidiary of Copperbelt (the “Copperbelt Sub,” and together with Copperbelt Parent, “Copperbelt”), pursuant to which the Company has the exclusive right and option (the “Beskauga Option”) to acquire Copperbelt’s right, title and 100% interest in the Beskauga property located in Kazakhstan (the “Beskauga Property”), which consists of the Beskauga Main project (the “Beskauga Main Project”) and the Beskauga South project (the “Beskauga South Project,” and together the Beskauga Main Project, the “Beskauga Project”). After the completion of due diligence, the transaction contemplated by the Beskauga Option Agreement closed on January 26, 2021. On February 5, 2021, Arras Minerals Corp. (“Arras”) was incorporated in British Columbia, Canada, as a wholly-owned subsidiary of the Company. On March 19, 2021, pursuant to an asset purchase agreement with Arras, the Company transferred its right, title and interest in and to the Beskauga Option Agreement, among other things, to Arras in exchange for 36,000,000 common shares of Arras. On September 24, 2021, the Company distributed to its shareholders one Arras common share for each Silver Bull share held by such shareholders, or 34,547,838 Arras shares in total. Upon completion of the distribution, the Company retained 1,452,162 Arras common shares, or approximately 4% of the outstanding Arras common shares, as a strategic investment (Note 5), and Arras became a stand-alone company. The Company has included the financial results of Arras in its consolidated statement of operations for the period from February 5, 2021 to September 24, 2021, the date of the distribution. The Company’s efforts and expenditures have been concentrated on the exploration of properties, principally in the Sierra Mojada Property located in Coahuila, Mexico. The Company has not determined whether its exploration properties contain ore reserves that are economically recoverable. The ultimate realization of the Company’s investment in exploration properties is dependent upon the success of future property sales, the existence of economically recoverable reserves, and the ability of the Company to obtain financing or make other arrangements for exploration, development, and future profitable production activities. The ultimate realization of the Company’s investment in exploration properties cannot be determined at this time. Going Concern Since its inception in November 1993, the Company has not generated revenue and has incurred an accumulated deficit of $134,226,099. Accordingly, the Company has not generated cash flows from operations, and since inception the Company has relied primarily upon proceeds from private placements and registered direct offerings of the Company’s equity securities and warrant exercises as the primary sources of financing to fund the Company’s operations. As of October 31, 2021, the Company had cash and cash equivalents of $189,607. Based on the Company’s limited cash and cash equivalents, and history of losses, there is substantial doubt as to whether the Company’s existing cash resources are sufficient to enable the Company to continue its operations for the next 12 months as a going concern. Management plans to pursue possible financing and strategic options including, but not limited to, obtaining additional equity financing. Management has successfully pursued these options previously and believes that they alleviate the substantial doubt that the Company can continue its operations for the next 12 months as a going concern. However, there is no assurance that the Company will be successful in pursuing these plans. These consolidated financial statements have been prepared on a going concern basis and do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary in the event the Company can no longer continue as a going concern. Such adjustments could be material.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies is presented to assist in understanding the consolidated financial statements. The consolidated financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. Basis of Presentation The Company’s consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) using the accrual method of accounting, except for cash flow amounts. All figures are in United States dollars unless otherwise noted. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, after elimination of intercompany accounts and transactions. The wholly owned subsidiaries of the Company are listed in Note 1 to the consolidated financial statements. The Company consolidates entities in which it has a controlling financial interest based on either the variable interest entity (VIE) or voting interest model. Under the VIE model, a VIE is a reporting entity that has (a) the power to direct the activities that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. Currently, the Company manages the mineral exploration program in the property concessions in Mexico through its wholly-owned subsidiary corporations Minera Metalin and Contratistas, which merged with and into Minera Metalin on August 26, 2021. The Company has determined that Minera Metalin is a variable interest entity and the Company is the primary beneficiary. Use of Estimates The preparation of these consolidated financial statements in conformity with GAAP requires management to make estimates based on assumptions about future events that affect the amounts reported in the consolidated financial statements and related notes to the consolidated financial statements. Actual results could differ from those estimates. Estimates and assumptions are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and assumptions are accounted for prospectively. Significant areas involving the use of estimates include determining the allowance for uncollectible taxes, evaluating recoverability of property concessions, evaluating impairment of long-lived assets, evaluating impairment of goodwill, valuation of investments, establishing a valuation allowance on future use of deferred tax assets, calculating a valuation for stock option liability and calculating stock-based compensation. Cash and Cash Equivalents Cash and cash equivalents include all highly-liquid investments with an original maturity of three months or less at the date of purchase. Property Concessions Property concession acquisition costs are capitalized when incurred and will be amortized using the units of production method following the commencement of production. If a property concession is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment. To date, no property concessions have reached the production stage. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of property concessions. F-11 Exploration Costs Exploration costs incurred are expensed to the date of establishing that costs incurred are economically recoverable. Exploration expenditures incurred subsequent to the establishment of economic recoverability are capitalized and included in the carrying amount of the related property. To date, the Company has not established the economic recoverability of its exploration prospects; therefore, all exploration costs are being expensed. Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and impairment losses. Assets under construction are depreciated when they are substantially complete and available for their intended use, over their estimated useful lives. Repairs and maintenance of property and equipment are expensed as incurred. Costs incurred to enhance the service potential of property and equipment are capitalized and depreciated over the remaining useful life of the improved asset. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets as follows: • Mining equipment – five • Vehicles – four years • Building and structures – 40 years • Computer equipment and software – three years • Well equipment – 10 to 40 years • Office equipment – three Impairment of Long-Lived Assets Management reviews and evaluates its long-lived assets for impairment when events and changes in circumstances indicate that the related carrying amounts of its assets may not be recoverable. Impairment is considered to exist if the future cash flows on an undiscounted basis are less than the carrying amount of the long-lived asset. An impairment loss is measured and recorded based on the difference between book value and fair value of the asset group. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable cash flows that are largely independent of cash flows from other asset groups. In estimating future cash flows, the Company estimates the price that would be received to sell an asset group in an orderly transaction between market participants at the measurement date. Significant factors that impact this price include the price of silver and zinc, and general market conditions for exploration companies, among other factors. Goodwill Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. The Company tests goodwill for impairment at the reporting unit level at least annually, or more frequently if events or changes in circumstances indicate that the assets may be impaired. Goodwill impairment tests require judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The Company performs its annual goodwill impairment tests on April 30 th Income Taxes The Tax Cuts and Jobs Act of 2017 (the “Tax Act”) was signed into law on December 22, 2017. The law includes significant changes to the U.S. corporate income tax system, including a federal corporate rate reduction from 35% to 21%, limitations on the deductibility of interest expense and executive compensation, and the transition of U.S. international taxation from a worldwide tax system to a territorial tax system. The law did not have a material impact on the Company’s financial position, results of operations or cash flows and disclosures. The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are determined based on temporary differences between the tax basis and accounting basis of the assets and liabilities measured using tax rates enacted at the balance sheet date. The Company recognizes the tax benefit from uncertain tax positions only if it is at least “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement with the taxing authorities. This accounting standard also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. F-12 A valuation allowance is recorded against deferred tax assets if management does not believe that the Company has met the “more likely than not” standard imposed by this guidance to allow recognition of such an asset. Management recorded a full valuation allowance at October 31, 2021 and 2020 against the deferred tax assets as it determined that future realization would not meet the “more likely than not” criteria. Warrant Derivative Liability The Company classifies warrants with a Canadian Dollar (“$CDN”) exercise price on its consolidated balance sheets as a derivative liability that is fair valued at each reporting period subsequent to the initial issuance as the functional currency of Silver Bull is the U.S. dollar and the exercise price of the warrants is the $CDN. The Company has used the Black-Scholes pricing model to fair value the warrants that do not have an acceleration feature and has used the Monte Carlo valuation model to fair value the warrants that do have an acceleration feature. Determining the appropriate fair-value model and calculating the fair value of warrants requires considerable judgment. Any change in the estimates used may cause the value to be higher or lower than that reported. The estimated volatility of the Company’s common stock at the date of issuance, and at each subsequent reporting period, is based on the historical volatility adjusted to reflect the implicit discount to historical volatilities observed in the prices of traded warrants. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the warrants at the valuation date. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend yield is expected to be none as the Company has not paid dividend nor does the Company anticipate paying any dividend in the foreseeable future. The derivatives warrants are not traded in an active market and the fair value is determined using valuation techniques. The estimates may be significantly different from those recorded in the consolidated financial statements because of the use of judgment and the inherent uncertainty in estimating the fair value of these instruments that are not quoted in an active market. All changes in the fair value are recorded in the consolidated statement of operations and comprehensive loss each reporting period. Stock-Based Compensation The Company uses the Black-Scholes pricing model as a method for determining the estimated fair value for all stock options awarded to employees, officers, directors and consultants. The expected term of the options is based upon an evaluation of historical and expected future exercise behavior. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the options at the valuation date. Volatility is determined based upon historical volatility of the Company’s stock and adjusted if future volatility is expected to vary from historical experience. The dividend yield is assumed to be none as the Company has not paid dividends nor does the Company anticipate paying any dividends in the foreseeable future. The Company uses the graded vesting attribution method to recognize compensation costs over the requisite service period. Stock options granted to consultants when the exercise price is in $CDN are classified as stock option liability on the Company’s consolidated balance sheets upon vesting. The Company classifies cumulative compensation cost associated with options on subsidiary equity as additional paid-in capital until exercise. Loss per Share Basic loss per share includes no dilution and is computed by dividing net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted loss per share reflects the potential dilution of securities that could share in the earnings of an entity similar to fully diluted loss per share. Although there were stock options and warrants in the aggregate of 2,015,039 shares and 3,855,539 shares outstanding at October 31, 2021 and 2020, respectively, they were not included in the calculation of loss per share because they would have been considered anti-dilutive. Foreign Currency Translation During the years ended October 31, 2021 and 2020, the functional currency of Silver Bull Resources, Inc. and its subsidiaries was the U.S. dollar. During the years ended October 31, 2021 and 2020, the Company’s Mexican operations’ monetary assets and liabilities with foreign source currencies were translated into U.S. dollars at the period-end exchange rate and non-monetary assets and liabilities with foreign source currencies were translated using the historical exchange rate. The Company’s Mexican operations’ revenue and expenses were translated at the average exchange rate during the period except for depreciation of office and mining equipment, costs of office and mining equipment sold and impairment of property concessions, all of which are translated using the historical exchange rate. Foreign currency translation gains and losses of the Company’s Mexican operations are included in the consolidated statement of operations. F-13 Accounting for Loss Contingencies and Legal Costs From time to time, the Company is named as a defendant in legal actions arising from its normal business activities. The Company records an accrual for the estimated loss from a loss contingency when information available prior to issuance of its financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Disclosure of a loss contingency is made by the Company if there is at least a reasonable possibility that a loss has been incurred, and either an accrual has not been made or an exposure to loss exists in excess of the amount accrued. In cases where only disclosure of the loss contingency is required, either the estimated loss or a range of estimated loss is disclosed or it is stated that an estimate cannot be made. Legal costs incurred in connection with loss contingencies are considered period costs and accordingly are expensed in the period services are provided. Investments Investments comprise an approximately 3% interest in Arras. The Company’s investments are measured at fair value through profit or loss, with gains or losses from changes in fair value recognized in the consolidated statements of operations and comprehensive loss. Recent Accounting Pronouncements Adopted in the Year On November 1, 2020, the Company adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Updated (“ASU”) 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)” which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 will be effective for interim and annual periods beginning after December 15, 2020. Early adoption is permitted. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows and disclosures. Recent Accounting Pronouncements Not Yet Adopted In January 2020, the FASB issued ASU No. 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” This ASU is effective for fiscal years beginning after December 15, 2020. The adoption of this update is not expected to have a material impact on the Company’s financial position, results of operations or cash flows and disclosures. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not expected to have a material impact on the Company’s present or future consolidated financial statements.

SOUTH32 OPTION AGREEMENT

SOUTH32 OPTION AGREEMENT	12 Months Ended
	Oct. 31, 2021
Other Commitments [Abstract]
SOUTH32 OPTION AGREEMENT	NOTE 3 – SOUTH32 OPTION AGREEMENT On June 1, 2018, the Company and its subsidiaries Minera Metalin and Contratistas entered into an earn-in option agreement (the “South32 Option Agreement”) with South32 International Investment Holdings Pty Ltd (“South32”), a wholly-owned subsidiary of South32 Limited (ASX/JSE/LSE: S32), whereby South32 is able to obtain an option to purchase 70% of the shares of Minera Metalin and Contratistas (the “South32 Option”). As noted above, Contratistas has since merged with and into Minera Metalin. Minera Metalin owns the Sierra Mojada Property located in Coahuila, Mexico (the “Sierra Mojada Project”) and supplies labor for the Sierra Mojada Project. Under the South32 Option Agreement, South32 earns into the South32 Option by funding a collaborative exploration program on the Sierra Mojada Project. Upon the terms and subject to the conditions set forth in the South32 Option Agreement, in order for South32 to earn and maintain its four-year option, South32 must have contributed to Minera Metalin for exploration of the Sierra Mojada Project at least $3 million by the end of Year 1, $6 million by the end of Year 2, $8 million by the end of Year 3 and $10 million by the end of Year 4 (the “Initial Funding”). Funding is made on a quarterly basis based on the subsequent quarter’s exploration budget. South32 may exercise the South32 Option by contributing $100 million to Minera Metalin (the “Subscription Payment”), less the amount of Initial Funding previously contributed by South32. The issuance of shares upon notice of exercise of the South32 Option by South32 is subject to antitrust approval by the Mexican government. If the full amount of the Subscription Payment is advanced by South32 and the South32 Option becomes exercisable and is exercised, the Company and South32 will be obligated to contribute funding to Minera Metalin on a 30/70 pro rata basis. If South32 elects not to continue with the South32 Option during the four-year option period, the Sierra Mojada Project will remain 100% owned by the Company. The exploration program will be initially managed by the Company, with South32 being able to approve the exploration program funded by it. The Company received funding of $3,144,163 from South32 for Year 1 of the South32 Option Agreement. In April 2019, the Company received a notice from South32 to maintain the South32 Option Agreement for Year 2 by providing cumulative funding of $6 million by the end of such period. The Company had received funding of $1,502,831, which included payments of $319,430 and $1,100,731 received during the years ended October 31, 2019 and 2020, respectively, from South32 for Year 2 of the South32 Option Agreement, the time period for which has been extended by an event of force majeure described in more detail below. As of October 31, 2021, the Company had received cumulative funding of $4,646,994 under the South32 Option Agreement. During the year ended October 31, 2021, the Company received payments of $82,670 for the extended Year 2 time period. If the South32 Option Agreement is terminated by South32 without cause or if South32 is unable to obtain antitrust authorization from the Mexican government, the Company is under no obligation to reimburse South32 for amounts contributed under the South32 Option Agreement. F-14 Upon exercise of the South32 Option, Minera Metalin is required to issue common shares to South32. Pursuant to the South32 Option Agreement, following exercise and until a decision has been made by the board of directors of Minera Metalin to develop and construct a mine on the Sierra Mojada Project, each shareholder holding greater than or equal to 10% of the shares may withdraw as an owner in exchange for a 2% net smelter royalty on products produced and sold from the Sierra Mojada Project. Any shareholder whose holdings are reduced to less than 10% must surrender its interest in exchange for a 2% net smelter royalty. The Company has determined that Minera Metalin is a variable interest entity and that the South32 Option Agreement has not resulted in the transfer of control of the Sierra Mojada Project to South32. The Company has also determined that the South32 Option Agreement represents non-employee share-based compensation associated with the collaborative exploration program undertaken by the parties. The compensation cost is expensed when the associated exploration activity occurs. The share-based payments have been classified as equity instruments and valued based on the fair value of the cash consideration received, as it is more reliably measurable than the fair value of the equity interest. If the South32 Option is exercised and shares are issued prior to a decision to develop a mine, such shares would be classified as temporary equity as they would be contingently redeemable in exchange for a net smelter royalty under circumstances that are not wholly in control of the Company or South32 and are not currently probable. No portion of the equity value has been classified as temporary equity as the South32 Option has no intrinsic value. On October 11, 2019, the Company and its subsidiary Minera Metalin issued a notice of force majeure to South32 pursuant to the South32 Option Agreement. Due to a blockade by a cooperative of local miners called Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”), the Company has halted all work on the Sierra Mojada Property. The notice of force majeure was issued because of the blockade’s impact on the ability of the Company and its subsidiary Minera Metalin to perform their obligations under the South32 Option Agreement. Pursuant to the South32 Option Agreement, any time period provided for in the South32 Option Agreement will generally be extended by a period equal to the period of delay caused by the event of force majeure. As of January 14, 2022, the blockade by Mineros Norteños at, on and around the Sierra Mojada Property is ongoing. The combined carrying amount of the assets and liabilities of Minera Metalin (consolidated with its wholly-owned subsidiary) are as follows at October 31, 2021: Assets: Mexico Cash and cash equivalents $ 10,000 Value-added tax receivable, net 121,000 Other receivables 4,000 Prepaid expenses and deposits 100,000 Office and mining equipment, net 164,000 Property concessions 5,020,000 Total assets $ 5,419,000 Liabilities: Accounts payable 68,000 Accrued liabilities and expenses 83,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option 3,659,000 Total liabilities $ 3,810,000 Net advances and investment in the Company’s Mexican subsidiaries $ 1,609,000 In addition, at October 31, 2021, Silver Bull Resources, Inc. held $nil of cash received from South32, which is to be contributed to the capital of the Mexican subsidiaries as required for exploration. Cash received from South32 is required to be used to further exploration at the Sierra Mojada Property. The Company’s maximum exposure to loss at October 31, 2021 is $5,268,000, which includes the carrying value of the VIE’s net assets, excluding the payable to Silver Bull Resources, Inc.

VALUE-ADDED TAX RECEIVABLE

VALUE-ADDED TAX RECEIVABLE	12 Months Ended
	Oct. 31, 2021
Receivables [Abstract]
VALUE-ADDED TAX RECEIVABLE	NOTE 4 – VALUE-ADDED TAX RECEIVABLE Value-added tax (“VAT”) receivable relates to VAT paid in Mexico. The Company estimates net VAT of $120,810 (2020 - $219,804) will be received within 12 months of the balance sheet date. The allowance for uncollectible VAT was estimated by management based upon a number of factors, including the length of time the returns have been outstanding, responses received from tax authorities, general economic conditions in Mexico and estimated net recovery after commissions. A summary of the changes in the allowance for uncollectible VAT for the fiscal years ended October 31, 2021 and 2010 is as follows: Allowance for uncollectible VAT – October 31, 2019 $ 327,624 Provision for uncollectible VAT 49,619 Foreign currency translation adjustment (32,184 ) Allowance for uncollectible VAT – October 31, 2020 345,059 Provision for uncollectible VAT 62,024 Foreign currency translation adjustment 13,899 Allowance for uncollectible VAT – October 31, 2021 $ 420,982

INVESTMENTS AND NON-CONTROLLING

INVESTMENTS AND NON-CONTROLLING INTEREST	12 Months Ended
	Oct. 31, 2021
Noncontrolling Interest [Abstract]
INVESTMENTS AND NON-CONTROLLING INTEREST	NOTE 5 – INVESTMENTS AND NON-CONTROLLING INTEREST On August 12, 2020, the Company entered into the Beskauga Option Agreement with Copperbelt pursuant to which it had the exclusive right and option to acquire Copperbelt’s right, title and 100% interest in the Beskauga property located in Kazakhstan. On March 19, 2021, the Company transferred its interest in the Beskauga Option Agreement to its subsidiary, Arras. On September 24, 2021, pursuant to a Separation and Distribution Agreement, the Company distributed to its shareholders one Arras common share for each Silver Bull share held by such shareholders, or 34,547,838 Arras common shares in total (the “Distribution”). Upon completion of the Distribution, the Company retained 1,452,162 Arras shares, or approximately 4% of the outstanding Arras common shares, as a strategic investment. On August 24, 2020, the Company loaned $360,000 to Ekidos Minerals LLP, an unrelated third-party Kazakh entity, relating to the acquisition of mineral property concessions in Kazakhstan. The loan is interest free and is to be repaid on January 31, 2021.During the period from November 1, 2020 to September 24, 2021, Arras loaned an additional $1,928,450 to Ekidos Minerals LLP, an unrelated third-party Kazakh entity, relating to the acquisition of mineral property concessions in Kazakhstan and exploration expenditures incurred. At the time of the Distribution, the Company determined that Arras was no longer a controlled subsidiary due to the dilution of its interest in Arras and the fact that Arras became a stand-alone company at the time of the Distribution. On the date control was lost, the Company recorded its interest retained in Arras at carrying value without gain or loss. The net assets of Arras as at September 24, 2021, the date of disposition, was as follows: Cash and cash equivalents $ 505,228 Other receivables 13,319 Loan receivable 2,288,500 Property concessions 327,690 Office and mining equipment, net 108,534 Accounts payable (547,405 ) Accrued liabilities and expenses (553,428 ) Net assets – September 24, 2021 $ 2,142,438 The Company determined that the Company’s retained interest in Arras is accounted for using the fair value method for the period from September 24, 2021, onwards, and its investments in Arras is presented as an investment. Equity Security – October 31, 2020 $ — Carrying value of investment on deconsolidation 75,817 Gain on investment 1,090,953 Equity Security – October 31, 2021 $ 1,166,770 On October 21, 2021, Arras completed a private placement. The Company did not participate in this private placement. As a result of the Arras common share issuance, the Company’s interest in Arras decreased to approximately 3%. Non-Controlling Interest On April 1, 2021, Arras completed an initial private placement (the “Arras Private Placement”) for 5,035,000 common shares at a purchase price of $CDN 0.50 per share for gross proceeds of $2,000,319 ($CDN 2,517,500). No placement agent or finder’s fees were paid in connection with the Arras Private Placement. Arras incurred other offering costs associated with the Arras Private Placement of $20,687. The Arras Private Placement was considered a change in the ownership interest of a subsidiary that the Company controls and accordingly, the Company accounted for this as an equity transaction. The Company has correspondingly recorded a non-controlling interest for the portion of Arras not owned by the Company. As a result of the transaction, the Company maintains a controlling interest of 88% of Arras issued and outstanding common shares. Mainly due to this impact, the Company recorded a non-controlling interest for the dilution gain from changes in interest in subsidiary of $1,979,633. There were no changes in the number of Arras common shares held by the Company. F-16 On September 24, 2021, upon completion of the Distribution, the Company retained 1,452,162 Arras common shares, or approximately 4% of the outstanding Arras common shares, as a strategic investment, and Arras became a stand-alone company. The Company ceased consolidating the consolidated financial statements of Arras effective September 24, 2021, as the Company determined that it no longer exercised control over Arras. Accordingly, the Company’s retained interest in Arras is accounted for using the fair value method. On September 24, 2021, the Company derecognized the net assets of Arras, and the non-controlling interest related to Arras. As of October 31, 2021, the Company held approximately 3% of the outstanding Arras shares, reduced from the distribution date due to Arras completing an equity financing. The carrying value of the non-controlling interest at October 31, 2021 was as follows: Non-controlling interests – October 31, 2020 $ — Changes in interests in subsidiary – April 1, 2021 1,979,633 Loss for the period (198,138 ) Distribution of interest in Arras (1,781,495 ) Non-controlling interests – October 31, 2021 $ —

OFFICE AND MINING EQUIPMENT

OFFICE AND MINING EQUIPMENT	12 Months Ended
	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
OFFICE AND MINING EQUIPMENT	NOTE 6 – OFFICE AND MINING EQUIPMENT The following is a summary of the Company’s office and mining equipment at October 31, 2021 and October 31, 2020: October 31, October 31, 2021 2020 Mining equipment $ 396,153 $ 444,202 Vehicles 92,873 92,873 Buildings and structures 185,724 185,724 Computer equipment and software 74,236 74,236 Well equipment 39,637 39,637 Office equipment 47,597 47,597 836,220 884,269 Less: Accumulated depreciation (672,080 ) (644,500 ) Office and mining equipment, net $ 164,140 $ 239,769

PROPERTY CONCESSIONS

PROPERTY CONCESSIONS	12 Months Ended
	Oct. 31, 2021
PROPERTY CONCESSIONS [Abstract]
PROPERTY CONCESSIONS	NOTE 7 – PROPERTY CONCESSIONS The following is a summary of the Company’s property concessions in Sierra Mojada, Mexico as at October 31, 2021 and 2020: Property Concessions – October 31, 2021 and 2020 $ 5,019,927

GOODWILL

GOODWILL	12 Months Ended
	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 8 – GOODWILL Goodwill represents the excess, at the date of acquisition, of the purchase price of the business acquired over the fair value of the net tangible and intangible assets acquired. On April 30, 2021, the Company elected to perform a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. Based on this assessment, management determined it is not more likely than not that the fair value of the reporting unit is less than its carrying amount. The following is a summary of the Company’s goodwill balance as at October 31, 2021 and 2020: Goodwill – October 31, 2021 and 2020 $ 2,058,031

LOAN PAYABLE

LOAN PAYABLE	12 Months Ended
	Oct. 31, 2021
Property Concessions By Location Of Concession [Domain]
LOAN PAYABLE	NOTE 9 – LOAN PAYABLE In June 2020, the Company received $29,531 ($CDN 40,000) in the form of a Canada Emergency Business Account (“CEBA”) loan. CEBA is part of the economic assistance program launched by the Government of Canada to ensure that businesses have access to capital during the COVID-19 pandemic that can only be used to pay non-deferrable operating expenses. During the period from receipt of the CEBA loan to December 31, 2022 (the “Initial Term”), no interest will be charged on the principal amount outstanding. If at least $CDN 30,000 is repaid on or before the end of the Initial Term, the remaining $CDN 10,000 of principal will be forgiven pursuant to the terms of the CEBA loan. During the period from January 1, 2023 to December 31, 2025 (the “Extended Term”), if any portion of the loan remains outstanding, interest will be payable monthly at a rate of 5% per annum on the outstanding principal balance. F-17 In January 2021, the Company applied and qualified for an additional $15,615 ($CDN 20,000) CEBA loan. Fifty percent (50%) of the additional loan is forgivable if repaid by December 31, 2022. The loan accrues no interest before the end of the Initial Term, and thereafter converts to a three-year term loan with a 5% annual interest rate. Any portion of the loan is repayable without penalty at any time prior to December 31, 2025. The total CEBA loan amount stands at $CDN 60,000 with $CDN 20,000 forgivable if repaid by December 31, 2022. The balance of the CEBA loan is fully repayable on or before the end of the Extended Term, if not repaid on or before the end of the Initial Term. The Company anticipates repaying the CEBA loan upon or before the completion of the Initial Term. An income will be recognized in the period when the CEBA loan is forgiven. Loan payable – October 31, 2020 $ 30,034 Loan payable received – January 2021 15,615 Foreign currency translation adjustment 2,801 Loan payable – October 31, 2021 $ 48,450

COMMON STOCK

COMMON STOCK	12 Months Ended
	Oct. 31, 2021
Stockholders' Equity Note [Abstract]
COMMON STOCK	NOTE 10 – COMMON STOCK Following shareholder approval, the Company amended its articles of incorporation on April 20, 2021 to, among other things, increase the number of authorized shares of common stock from 37,500,000 to 150,000,000. On September 9, 2021, options to acquire 1,078,125 shares of common stock were exercised on a cashless basis, whereby the recipient elected to receive 220,471 shares without payment of the cash exercise price, and the remaining options for 857,654 shares were cancelled. On June 25, 2021, the Company completed a private placement (the “2021 Silver Bull Private Placement”) for 500,000 shares of common stock for gross proceeds of $405,351 ($CDN 500,000). No placement agent or finder’s fees were paid in connection with the 2021 Silver Bull Private Placement. The Company incurred other offering costs associated with the 2021 Silver Bull Private Placement of $14,628. On June 15, 2021, options to acquire 375,000 shares of common stock were exercised on a cashless basis, whereby the recipient elected to receive 113,436 shares without payment of the cash exercise price, and the remaining options for 261,564 shares were cancelled. On February 2, 2021, options to acquire 509,375 shares of common stock were exercised on a cashless basis, whereby the recipients elected to receive 228,986 shares without payment of the cash exercise price, and the remaining options for 280,389 shares were cancelled. On November 9, 2020, the Company completed the second and final tranche of a private placement (the “2020 Silver Bull Private Placement”) for 319,000 units (each, a “Unit”) at a purchase price of $0.47 per Unit for gross proceeds of $149,930. Each Unit consists of one share of the Company’s common stock and one half of one transferable common stock purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one share of common stock and one common share of Arras as per the terms of the Separation and Distribution agreement between Silver Bull and Arras completed in conjunction with the Distribution, at a price of $0.59 until November 9, 2025. The Company incurred other offering costs associated with the second and final tranche of the 2020 Silver Bull Private Placement of $6,780. Subscribers of the second and final tranche of the 2020 Silver Bull Private Placement included management for a total 319,000 Units and gross proceeds of $149,930. No options to acquire shares of common stock were exercised during the year ended October 31, 2020.

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Oct. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE 11 – STOCK OPTIONS The Company has one stock option plan under which equity securities are authorized for issuance to officers, directors, employees and consultants: the 2019 Stock Option and Stock Bonus Plan (the “2019 Plan”). Under the 2019 Plan, the lesser of (i) 150,000,000 shares or (ii) 10% of the total shares outstanding are reserved for issuance upon the exercise of options or the grant of stock bonuses. Options are typically granted with an exercise price equal to the closing market price of the Company’s stock at the date of grant, have a graded vesting schedule over two F-18 On September 9, 2021, options to acquire 1,078,125 shares of common stock were exercised on a cashless basis at an average exercise price of $CDN 1.03 per share. The options had an intrinsic value of $224,756 at the time of exercise. On June 15, 2021, options to acquire 375,000 shares of common stock were exercised on a cashless basis at an average exercise price of $CDN 1.03 per share. The options had an intrinsic value of $136,815 at the time of exercise. On February 2, 2021, options to acquire 509,375 shares of common stock were exercised on a cashless basis at an average exercise price of $CDN 0.60 per share. The options had an intrinsic value of $194,630 at the time of exercise. No options were granted or exercised during the year ended October 31, 2020. The following is a summary of stock option activity for the fiscal years ended October 31, 2021 and 2020: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2019 2,043,750 $ 0.72 2.83 $ 46,448 Outstanding at October 31, 2020 2,043,750 0.72 1.83 53,546 Exercised (562,893 ) 0.69 Cancelled (1,399,607 ) 0.79 Expired (37,500 ) 1.65 Outstanding at October 31, 2021 43,750 1.39 1.30 — Exercisable at October 31, 2021 43,750 $ 1.39 1.30 $ — The Company recognized stock-based compensation costs for stock options of $nil and $62,417 for the fiscal years ended October 31, 2021 and 2020, respectively. As of October 31, 2021, there remains $nil of total unrecognized compensation expense, which is expected to be recognized over a weighted average period of nil During the year ended October 31, 2021, while a subsidiary of the Company, Arras granted options to acquire 5,060,000 common shares with a weighted-average grant-date fair value of $0.22 per share and an exercise price of $CDN 0.50 per share. The Company recognized stock-based compensation costs for the Arras stock options of $587,505 for the period from inception on February 5, 2021 to September 24, 2021. The Company and Arras applied the fair value method using the Black-Scholes option pricing model in accounting for their stock options granted. Accordingly, share-based compensation of $283,173 was recognized as personnel costs for options granted to employees, share-based compensation of $209,241 was recognized as directors’ fees for options granted to directors and share-based compensation of $95,091 was recognized as exploration and property holding costs for options granted to employees and advisors. Summarized information about stock options outstanding and exercisable at October 31, 2021 is as follows: Options Outstanding Options Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 1.39 43,750 1.30 $ 1.39 43,750 $ 1.39 F-19 Prior to the adoption of ASU 2018-07 on November 1, 2019, stock options granted to consultants with a $CDN exercise price were classified as a stock option liability on the Company’s consolidated balance sheets upon vesting. Upon adoption of ASU 2018-07, the classification of stock options granted to consultants with a $CDN exercise price is only reassessed if the award is modified after it vests and the consultant is no longer providing services, rather than once performance is complete and the award vests. ASU 2018-07 requires liability-classified awards that have not been settled as of the adoption date to be remeasured based on their adoption-date fair value. As a result, the Company reclassified $4,803 from stock option liability to additional paid-in capital upon adoption of ASU 2018-07. The following is a summary of the Company’s stock option liability at October 31, 2020 and October 31, 2019: Stock option liability at October 31, 2019 $ 4,803 Reclassification from additional paid-in capital (4,803 ) Stock option liability at October 31, 2020 $ —

WARRANTS

WARRANTS	12 Months Ended
	Oct. 31, 2021
Warrants and Rights Note Disclosure [Abstract]
WARRANTS	NOTE 12 – WARRANTS A summary of warrant activity for the fiscal years ended October 31, 2021 and 2020 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2019 1,975,289 $ 1.28 0.75 $ — Issued in the initial tranche of the 2020 Silver Bull Private Placement (Note 10) 1,811,789 0.59 Expired (1,975,289 ) 1.28 Outstanding and exercisable at October 31, 2020 1,811,789 $ 0.59 4.99 $ — Issued in the second and final tranche of the 2020 Silver Bull Private Placement (Note 10) 159,500 0.59 Outstanding and exercisable at October 31, 2021* 1,971,289 $ 0.59 3.99 $ — * Pursuant to the Distribution (Note 5), 1,971,289 warrants with a weighted average exercise price of $0.59 are exercisable into one share of common stock of the Company and one common share of Arras. The Company will receive $0.34 of the proceeds from the exercise of each of these warrants and the remaining proceeds will be paid to Arras. During the year ended October 31, 2021, the Company issued 159,500 warrants with an exercise price of $0.59 in connection with the 2020 Silver Bull Private Placement. During the year ended October 31, 2020, the Company issued 1,811,789 warrants with an exercise price of $0.59 in connection with the 2020 Silver Bull Private Placement. No warrants were exercised during the year ended October 31, 2021 and 2020. Summarized information about warrants outstanding and exercisable at October 31, 2021 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.59 1,971,289 3.99 $ 0.59

TAX REFORM AND INCOME TAXES

TAX REFORM AND INCOME TAXES	12 Months Ended
	Oct. 31, 2021
Income Tax Disclosure [Abstract]
TAX REFORM AND INCOME TAXES	NOTE 13 – TAX REFORM AND INCOME TAXES Provision for Taxes The Tax Act was signed into law on December 22, 2017 and the Tax Act required the Company to use a statutory tax rate of 21% for the year ended October 31, 2021 and 2020. The Company files a United States federal income tax return and a Canadian branch return on a fiscal year-end basis and files Mexican income tax returns for its three Mexican subsidiaries on a calendar year-end basis. The Company and two of its wholly-owned subsidiaries, Minera Metalin and Minas, have not generated taxable income since inception. Contratistas, another wholly-owned Mexican subsidiary, has historically generated taxable income based upon intercompany fees billed to Minera Metalin on the services it provides. On August 26, 2021, Contratistas merged with and into Minera Metalin. F-20 On April 16, 2010, a wholly-owned subsidiary of the Company was merged with and into Dome, resulting in Dome becoming a wholly-owned subsidiary of the Company. Dome, a Delaware corporation, files a tax return in the United States as part of the Company’s consolidated tax return. The components of loss before income taxes were as follows: For the year ended October 31, 2021 2020 United States $ 13,000 $ (1,695,000 ) Foreign (2,456,000 ) (523,000 ) Loss before income taxes $ (2,443,000 ) $ (2,218,000 ) The components of the provision for income taxes are as follows: For the year ended October 31, 2021 2020 Current tax expense $ 4,550 $ 7,942 Deferred tax expense — — $ 4,550 $ 7,942 The Company’s provision for income taxes for the fiscal year ended October 31, 2021 consisted of a tax expense of $4,550 related to a provision for income taxes for the Silver Bull Canadian branch return for the fiscal year ended October 31, 2021. The reconciliation of the provision for income taxes computed at the U.S. statutory rate to the provision for income tax as shown in the statement of operations and comprehensive loss is as follows: For the year ended October 31, 2021 2020 Income tax benefit calculated at U.S. federal income tax rate $ (514,000 ) $ (466,000 ) Differences arising from: Other permanent differences 2,766,000 116,000 Differences due to foreign income tax rates (129,000 ) (47,000 ) Adjustment to prior year taxes 56,000 (22,000 ) Inflation adjustment foreign net operating loss (323,000 ) (174,000 ) Foreign currency fluctuations (227,000 ) 638,000 Decrease in valuation allowance (2,551,000 ) (565,000 ) Net operating loss carry forwards deconsolidation - Canada 93,000 — Net operating loss carry forwards expiration - Mexico 834,000 307,000 Net capital loss carry forwards expiration - United States — 62,000 Net operating loss carry forwards expiration - United States — 159,000 Net income tax provision $ 5,000 $ 8,000 F-21 The components of the deferred tax assets at October 31, 2021 and 2020 were as follows: October 31, 2021 2020 Deferred tax assets: Net operating loss carry forwards – U.S. $ 5,035,000 $ 7,502,000 Net capital loss carry forwards – U.S. — — Net operating loss carry forwards – Mexico 5,922,000 6,080,000 Stock-based compensation – U.S. — 8,000 Exploration costs 814,000 777,000 Other – United States 46,000 19,000 Other – Mexico 42,000 23,000 Total net deferred tax assets 11,859,000 14,409,000 Less: valuation allowance (11,859,000 ) (14,409,000 ) Net deferred tax asset $ — $ — At October 31, 2021, the Company has U.S. net operating loss carry-forwards of approximately $19 million that expire in the years 2029 2037 2022 2031 The valuation allowance for deferred tax assets of $11.9 and $14.4 million at October 31, 2021 and 2020, respectively, relates principally to the uncertainty of the utilization of certain deferred tax assets, primarily net operating loss carry forwards in various tax jurisdictions. The Company continually assesses both positive and negative evidence to determine whether it is more likely than not that the deferred tax assets can be realized prior to their expiration. Based on the Company’s assessment, it has determined that the deferred tax assets are not currently realizable. Net Operating Loss Carry Forward Limitation For U.S. federal income tax purposes, a change in ownership under IRC Section 382 has occurred as a result of the Dome merger in April 2010. When an ownership change has occurred, the utilization of these losses against future income would be subject to an annual limitation, which would be equal to the value of the acquired company immediately prior to the change in ownership multiplied by the IRC Section 382 rate in effect during the month of the change. Accounting for Uncertainty in Income Taxes During the fiscal years ended October 31, 2021 and 2020, the Company has not identified any unrecognized tax benefits or had any additions or reductions in tax positions and therefore a reconciliation of the beginning and ending amount of unrecognized tax benefits is not presented. The Company does not have any unrecognized tax benefits as of October 31, 2021, and accordingly the Company’s effective tax rate will not be materially affected by unrecognized tax benefits. The following tax years remain open to examination by the Company’s principal tax jurisdictions: United States: 2017 and all following years Mexico: 2016 and all following years Canada: 2017 and all following years The Company has not identified any uncertain tax position for which it is reasonably possible that the total amount of unrecognized tax benefit will significantly increase or decrease within the next 12 months. The Company’s policy is to classify tax related interest and penalties as income tax expense. There is no interest or penalties estimated on the underpayment of income taxes as a result of unrecognized tax benefits.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Oct. 31, 2021
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	NOTE 14 – FINANCIAL INSTRUMENTS Fair Value Measurements All financial assets and financial liabilities are recorded at fair value on initial recognition. Transaction costs are expensed when they are incurred, unless they are directly attributable to the acquisition of financial assets or the assumption of liabilities carried at amortized cost, in which case the transaction costs adjust the carrying amount. The three levels of the fair value hierarchy are as follows: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). Under fair value accounting, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s financial instruments consist of cash and cash equivalents, investments, loan receivable, accounts payable and loan payable. Cash and cash equivalents, loan receivable and accounts payable are classified as level 1 in the fair value hierarchy. Their carry amounts approximate fair value at October 31, 2021 and 2020 due to the short maturities of these financial instruments. Investments and loan payable are classified as level 2 in the fair value hierarchy. Derivative liability The Company classified warrants with a $CDN exercise price as a derivative liability, which was fair valued at each reporting period subsequent to the initial issuance as the functional currency of Silver Bull is the U.S. dollar. The Company used the Black-Scholes pricing model to determine the fair value of these warrants. Determining the appropriate fair-value model and calculating the fair value of warrants requires considerable judgment. The estimated volatility of the Company’s common stock at the date of issuance, and at each subsequent reporting period, was based on the historical volatility adjusted to reflect the implicit discount to historical volatilities observed in the prices of traded warrants. The risk-free interest rate was based on rates published by the government for bonds with a maturity similar to the expected remaining life of the warrants at the valuation date. The expected life of the warrants was assumed to be equivalent to their remaining contractual term. The dividend yield was expected to be none as the Company has not paid dividends nor does the Company anticipate paying a dividend in the foreseeable future. All changes in fair value were recorded in the Consolidated Statements of Operations and Comprehensive Loss each reporting period. As of October 31, 2021, the warrants with a $CDN exercise price had been exercised or had expired. The Company reclassified stock options granted to consultants with a $CDN exercise price on its consolidated balance sheets upon vesting as a stock option liability that is fair valued at each reporting period subsequent to reclassification as the functional currency of Silver Bull is the U.S. dollar. The Company has used the Black-Scholes pricing model to fair value these stock options. Determining the appropriate fair-value model and calculating the fair value of these stock options requires considerable judgment. Any change in the estimates used may cause the value to be higher or lower than that reported. The estimated volatility of the Company’s common stock at the date of reclassification, and at each subsequent reporting period, is based on the historical volatility of the Company’s common stock and adjusted if future volatility is expected to vary from historical experience. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the options at the valuation date. The expected life of the options is based upon historical and expected future exercise behavior. The dividend yield is expected to be none as the Company has not paid dividends nor does the Company anticipate paying any dividend in the foreseeable future. During the year ended October 31, 2020, the Company adopted ASU 2018-07, “ Compensation - Stock Compensation (Topic 718),” F-23 Credit Risk Credit risk is the risk that the counterparty to a financial instrument will cause a financial loss for the Company by failing to discharge its obligations. To mitigate exposure to credit risk on financial assets, the Company has established policies to ensure liquidity of funds and ensure that counterparties demonstrate minimum acceptable credit worthiness. The Company maintains its U.S. dollar and $CDN cash and cash equivalents in bank and demand deposit accounts with major financial institutions with high credit standings. Cash deposits held in Canada are insured by the Canada Deposit Insurance Corporation (“CDIC”) for up to $CDN 100,000. Certain Canadian bank accounts held by the Company exceed these federally insured limits or are uninsured as they related to U.S. dollar deposits held in Canadian financial institutions. As of October 31, 2021 and 2020, the Company’s cash and cash equivalent balances held in Canadian financial institutions included $98,617 and $1,793,270, respectively, which was not insured by the CDIC. The Company has not experienced any losses on such accounts and management believes that using major financial institutions with high credit ratings mitigates the credit risk in cash and cash equivalents. The Company also maintains cash in bank accounts in Mexico. These accounts are denominated in the local currency and are considered uninsured. As of October 31, 2021 and 2020, the U.S. dollar equivalent balance for these accounts was $10,239 and $8,739, respectively. Interest Rate Risk The Company holds substantially all of the Company’s cash and cash equivalents in bank and demand deposit accounts with major financial institutions. The interest rates received on these balances may fluctuate with changes in economic conditions. Based on the average cash and cash equivalent balances during the fiscal year ended October 31, 2021, a 1% decrease in interest rates would have resulted in a reduction in interest income for the period of approximately $92. Foreign Currency Exchange Risk The Company is not subject to any material market risk related to foreign currency exchange rate fluctuations. Liquidity Risk Liquidity risk is the risk that the Company will be unable to meet its financial obligations as they fall due. The Company’s approach to managing its liquidity risk is to ensure, as far as possible, that it will have sufficient liquid funds to meet its liabilities when due. At October 31, 2021, the Company has $189,607 (2020 - $1,861,518) of cash and cash equivalents to settle current liabilities of $791,319 (2020 - $887,775). All payables classified as current liabilities are due within one year.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Oct. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 15 – COMMITMENTS AND CONTINGENCIES Compliance with Environmental Regulations The Company’s exploration activities are subject to laws and regulations controlling not only the exploration and mining of mineral properties, but also the effect of such activities on the environment. Compliance with such laws and regulations may necessitate additional capital outlays or affect the economics of a project, and cause changes or delays in the Company’s activities. Property Concessions Mexico To properly maintain property concessions in Mexico, the Company is required to pay a semi-annual fee to the Mexican government and complete annual assessment work. Royalty The Company has agreed to pay a 2% net smelter return royalty on certain property concessions within the Sierra Mojada Property based on the revenue generated from production. Total payments under this royalty are limited to $6.875 million (the “Royalty”). To date, no royalties have been paid. Litigation and Claims Mineros Norteños Case On May 20, 2014, Mineros Norteños filed an action in the Local First Civil Court in the District of Morelos, State of Chihuahua, Mexico, against the Company’s subsidiary, Minera Metalin, claiming that Minera Metalin breached an agreement regarding the development of the Sierra Mojada Property. Mineros Norteños sought payment of the Royalty, including interest at a rate of 6% per annum since August 30, 2004, even though no revenue has been produced from the applicable mining concessions. It also sought payment of wages to the cooperative’s members since August 30, 2004, even though none of the individuals were hired or performed work for Minera Metalin under this agreement and Minera Metalin did not commit to hiring them. On January 19, 2015, the case was moved to the Third District Court (of federal jurisdiction). On October 4, 2017, the court ruled that Mineros Norteños was time barred from bringing the case. On October 19, 2017, Mineros Norteños appealed this ruling. On July 31, 2019, the Federal Appeals Court upheld the original ruling. This ruling was subsequently challenged by Mineros Norteños and on January 24, 2020, the Federal Circuit Court ruled that the Federal Appeals Court must consider additional factors in its ruling. In March 2020, the Federal Appeals Court upheld the original ruling after considering these additional factors. In August 2020, Mineros Norteños appealed this ruling, which appeal the Company timely responded and objected to on October 5, 2020. On March 26, 2021, the Federal Circuit Court issued a final and conclusive resolution, affirming the Federal Appeals Court decision. The Company has not accrued any amounts in its consolidated financial statements with respect to this claim. F-24 Valdez Case On February 15, 2016, Messrs. Jaime Valdez Farias and Maria Asuncion Perez Alonso (collectively, “Valdez”) filed an action before the Local First Civil Court of Torreon, State of Coahuila, Mexico, against the Company’s subsidiary, Minera Metalin, claiming that Minera Metalin had breached an agreement regarding the development of the Sierra Mojada Property. Valdez sought payment in the amount of $5.9 million for the alleged breach of the agreement. On April 28, 2016, Minera Metalin filed its response to the complaint, asserting various defenses, including that Minera Metalin terminated the agreement before the payment obligations arose and that certain conditions precedent to such payment obligations were never satisfied by Valdez. The Company and the Company’s Mexican legal counsel asserted all applicable defenses. In May 2017, a final judgment was entered finding for the Company, the defendant, acquitting the Company of all of the plaintiff’s claims and demands. However, due to a technicality in an early procedural act, Valdez was allowed to, and did, challenge the judgment before a local Appeals Court. On October 1, 2020, the Appeals Court entered a resolution overturning the previous judgment and entering a resolution in favor of Valdez in the amount of $5 million, plus court costs. In November 2020, the judgment of the Appeals Court was timely challenged by the Company by means of an “Amparo” lawsuit (Constitutional protection) before a Federal Circuit Court. In June 2021, the Federal Circuit Court ruled in favor of the plaintiff. The Company believes these judgments are contrary to applicable law. No efforts have been made by the plaintiff to enforce the Appeals Court resolution, and in the event such efforts are undertaken, the Company intends to assert a variety of further defenses. The Company believes the likelihood of the plaintiff succeeding in collecting any amount on this claim is remote, as such the Company has not accrued any amounts in its consolidated financial statements with respect to this claim. From time to time, the Company is involved in other disputes, claims, proceedings and legal actions arising in the ordinary course of business. The Company intends to vigorously defend all claims against the Company, and pursue its full legal rights in cases where the Company has been harmed. Although the ultimate outcome of these proceedings cannot be accurately predicted due to the inherent uncertainty of litigation, in the opinion of management, based upon current information, no other currently pending or overtly threatened proceeding is expected to have a material adverse effect on the Company’s business, financial condition or results of operations. COVID-19 Global outbreaks of contagious diseases, including the December 2019 outbreak of a novel strain of coronavirus (COVID-19), have the potential to significantly and adversely impact our operations and business. On March 11, 2020, the World Health Organization recognized COVID-19 as a global pandemic. Pandemics or disease outbreaks such as the currently ongoing COVID-19 outbreak may have a variety of adverse effects on our business, including by depressing commodity prices and the market value of our securities and limiting the ability of our management to meet with potential financing sources. The spread of COVID-19 has had, and continues to have, a negative impact on the financial markets, which may impact our ability to obtain additional financing in the near term. A prolonged downturn in the financial markets could have an adverse effect on our business, results of operations and ability to raise capital.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Oct. 31, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 16 – SEGMENT INFORMATION The Company operates in a single reportable segment: the exploration of mineral property interests. The Company has mineral property interests in Sierra Mojada, Mexico. Geographic information is approximately as follows: For the Year Ended October 31, 2021 2020 Net loss Mexico $ (400,000 ) $ (552,000 ) Kazakhstan (642,000 ) — Canada (1,406,000 ) (1,465,000 ) Other — (209,000 ) Net Loss $ (2,448,000 ) $ (2,226,000 ) F-25 The following table details allocation of assets included in the accompanying consolidated balance sheets at October 31, 2021: Canada Mexico Total Cash and cash equivalents $ 180,000 $ 10,000 $ 190,000 Value-added tax receivable, net — 121,000 121,000 Other receivables 3,000 4,000 7,000 Prepaid expenses and deposits 96,000 100,000 196,000 Investments 1,167,000 — 1,167,000 Office and mining equipment, net — 164,000 164,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 1,370,000 $ 7,477,000 $ 8,923,000 The following table details the allocation of assets included in the accompanying consolidated balance sheet at October 31, 2020: Canada Mexico Total Cash and cash equivalents $ 1,853,000 $ 9,000 $ 1,862,000 Value-added tax receivable, net — 220,000 220,000 Other receivables 10,000 4,000 14,000 Prepaid expenses and deposits 130,000 100,000 230,000 Loan receivable 360,000 — 360,000 Office and mining equipment, net 48,000 192,000 240,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 2,401,000 $ 7,603,000 $ 10,004,000 The Company has significant assets in Coahuila, Mexico. Although Mexico is generally considered economically stable, it is always possible that unanticipated events in Mexico could disrupt the Company’s operations. The Mexican government does not require foreign entities to maintain cash reserves in Mexico. The following table details the allocation of exploration and property holding costs for the exploration properties: For the Year Ended October 31, 2021 2020 Exploration and property holding costs for the year Mexico $ (338,000 ) $ (477,000 ) Kazakhstan (640,000 ) — Other — (203,000 ) $ (978,000 ) $ (680,000 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Oct. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 17 – SUBSEQUENT EVENTS On December 6, 2021, the Company sold 600,000 common shares of Arras for proceeds of $CDN 600,000.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) using the accrual method of accounting, except for cash flow amounts. All figures are in United States dollars unless otherwise noted.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, after elimination of intercompany accounts and transactions. The wholly owned subsidiaries of the Company are listed in Note 1 to the consolidated financial statements. The Company consolidates entities in which it has a controlling financial interest based on either the variable interest entity (VIE) or voting interest model. Under the VIE model, a VIE is a reporting entity that has (a) the power to direct the activities that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. Currently, the Company manages the mineral exploration program in the property concessions in Mexico through its wholly-owned subsidiary corporations Minera Metalin and Contratistas, which merged with and into Minera Metalin on August 26, 2021. The Company has determined that Minera Metalin is a variable interest entity and the Company is the primary beneficiary.
Use of Estimates	Use of Estimates The preparation of these consolidated financial statements in conformity with GAAP requires management to make estimates based on assumptions about future events that affect the amounts reported in the consolidated financial statements and related notes to the consolidated financial statements. Actual results could differ from those estimates. Estimates and assumptions are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and assumptions are accounted for prospectively. Significant areas involving the use of estimates include determining the allowance for uncollectible taxes, evaluating recoverability of property concessions, evaluating impairment of long-lived assets, evaluating impairment of goodwill, valuation of investments, establishing a valuation allowance on future use of deferred tax assets, calculating a valuation for stock option liability and calculating stock-based compensation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all highly-liquid investments with an original maturity of three months or less at the date of purchase.
Property Concessions	Property Concessions Property concession acquisition costs are capitalized when incurred and will be amortized using the units of production method following the commencement of production. If a property concession is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment. To date, no property concessions have reached the production stage. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of property concessions.
Exploration Costs	Exploration Costs Exploration costs incurred are expensed to the date of establishing that costs incurred are economically recoverable. Exploration expenditures incurred subsequent to the establishment of economic recoverability are capitalized and included in the carrying amount of the related property. To date, the Company has not established the economic recoverability of its exploration prospects; therefore, all exploration costs are being expensed.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and impairment losses. Assets under construction are depreciated when they are substantially complete and available for their intended use, over their estimated useful lives. Repairs and maintenance of property and equipment are expensed as incurred. Costs incurred to enhance the service potential of property and equipment are capitalized and depreciated over the remaining useful life of the improved asset. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets as follows: • Mining equipment – five • Vehicles – four years • Building and structures – 40 years • Computer equipment and software – three years • Well equipment – 10 to 40 years • Office equipment – three
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Management reviews and evaluates its long-lived assets for impairment when events and changes in circumstances indicate that the related carrying amounts of its assets may not be recoverable. Impairment is considered to exist if the future cash flows on an undiscounted basis are less than the carrying amount of the long-lived asset. An impairment loss is measured and recorded based on the difference between book value and fair value of the asset group. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable cash flows that are largely independent of cash flows from other asset groups. In estimating future cash flows, the Company estimates the price that would be received to sell an asset group in an orderly transaction between market participants at the measurement date. Significant factors that impact this price include the price of silver and zinc, and general market conditions for exploration companies, among other factors.
Goodwill	Goodwill Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. The Company tests goodwill for impairment at the reporting unit level at least annually, or more frequently if events or changes in circumstances indicate that the assets may be impaired. Goodwill impairment tests require judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The Company performs its annual goodwill impairment tests on April 30 th
Income Taxes	Income Taxes The Tax Cuts and Jobs Act of 2017 (the “Tax Act”) was signed into law on December 22, 2017. The law includes significant changes to the U.S. corporate income tax system, including a federal corporate rate reduction from 35% to 21%, limitations on the deductibility of interest expense and executive compensation, and the transition of U.S. international taxation from a worldwide tax system to a territorial tax system. The law did not have a material impact on the Company’s financial position, results of operations or cash flows and disclosures. The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are determined based on temporary differences between the tax basis and accounting basis of the assets and liabilities measured using tax rates enacted at the balance sheet date. The Company recognizes the tax benefit from uncertain tax positions only if it is at least “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement with the taxing authorities. This accounting standard also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. F-12 A valuation allowance is recorded against deferred tax assets if management does not believe that the Company has met the “more likely than not” standard imposed by this guidance to allow recognition of such an asset. Management recorded a full valuation allowance at October 31, 2021 and 2020 against the deferred tax assets as it determined that future realization would not meet the “more likely than not” criteria.
Warrant Derivative Liability	Warrant Derivative Liability The Company classifies warrants with a Canadian Dollar (“$CDN”) exercise price on its consolidated balance sheets as a derivative liability that is fair valued at each reporting period subsequent to the initial issuance as the functional currency of Silver Bull is the U.S. dollar and the exercise price of the warrants is the $CDN. The Company has used the Black-Scholes pricing model to fair value the warrants that do not have an acceleration feature and has used the Monte Carlo valuation model to fair value the warrants that do have an acceleration feature. Determining the appropriate fair-value model and calculating the fair value of warrants requires considerable judgment. Any change in the estimates used may cause the value to be higher or lower than that reported. The estimated volatility of the Company’s common stock at the date of issuance, and at each subsequent reporting period, is based on the historical volatility adjusted to reflect the implicit discount to historical volatilities observed in the prices of traded warrants. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the warrants at the valuation date. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend yield is expected to be none as the Company has not paid dividend nor does the Company anticipate paying any dividend in the foreseeable future. The derivatives warrants are not traded in an active market and the fair value is determined using valuation techniques. The estimates may be significantly different from those recorded in the consolidated financial statements because of the use of judgment and the inherent uncertainty in estimating the fair value of these instruments that are not quoted in an active market. All changes in the fair value are recorded in the consolidated statement of operations and comprehensive loss each reporting period.
Stock-Based Compensation	Stock-Based Compensation The Company uses the Black-Scholes pricing model as a method for determining the estimated fair value for all stock options awarded to employees, officers, directors and consultants. The expected term of the options is based upon an evaluation of historical and expected future exercise behavior. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the options at the valuation date. Volatility is determined based upon historical volatility of the Company’s stock and adjusted if future volatility is expected to vary from historical experience. The dividend yield is assumed to be none as the Company has not paid dividends nor does the Company anticipate paying any dividends in the foreseeable future. The Company uses the graded vesting attribution method to recognize compensation costs over the requisite service period. Stock options granted to consultants when the exercise price is in $CDN are classified as stock option liability on the Company’s consolidated balance sheets upon vesting. The Company classifies cumulative compensation cost associated with options on subsidiary equity as additional paid-in capital until exercise.
Loss per Share	Loss per Share Basic loss per share includes no dilution and is computed by dividing net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted loss per share reflects the potential dilution of securities that could share in the earnings of an entity similar to fully diluted loss per share. Although there were stock options and warrants in the aggregate of 2,015,039 shares and 3,855,539 shares outstanding at October 31, 2021 and 2020, respectively, they were not included in the calculation of loss per share because they would have been considered anti-dilutive.
Foreign Currency Translation	Foreign Currency Translation During the years ended October 31, 2021 and 2020, the functional currency of Silver Bull Resources, Inc. and its subsidiaries was the U.S. dollar. During the years ended October 31, 2021 and 2020, the Company’s Mexican operations’ monetary assets and liabilities with foreign source currencies were translated into U.S. dollars at the period-end exchange rate and non-monetary assets and liabilities with foreign source currencies were translated using the historical exchange rate. The Company’s Mexican operations’ revenue and expenses were translated at the average exchange rate during the period except for depreciation of office and mining equipment, costs of office and mining equipment sold and impairment of property concessions, all of which are translated using the historical exchange rate. Foreign currency translation gains and losses of the Company’s Mexican operations are included in the consolidated statement of operations.
Accounting for Loss Contingencies and Legal Costs	Accounting for Loss Contingencies and Legal Costs From time to time, the Company is named as a defendant in legal actions arising from its normal business activities. The Company records an accrual for the estimated loss from a loss contingency when information available prior to issuance of its financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Disclosure of a loss contingency is made by the Company if there is at least a reasonable possibility that a loss has been incurred, and either an accrual has not been made or an exposure to loss exists in excess of the amount accrued. In cases where only disclosure of the loss contingency is required, either the estimated loss or a range of estimated loss is disclosed or it is stated that an estimate cannot be made. Legal costs incurred in connection with loss contingencies are considered period costs and accordingly are expensed in the period services are provided.
Investments	Investments Investments comprise an approximately 3% interest in Arras. The Company’s investments are measured at fair value through profit or loss, with gains or losses from changes in fair value recognized in the consolidated statements of operations and comprehensive loss.
Recent Accounting Pronouncements Adopted in the Year	Recent Accounting Pronouncements Adopted in the Year On November 1, 2020, the Company adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Updated (“ASU”) 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)” which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. ASU 2019-12 will be effective for interim and annual periods beginning after December 15, 2020. Early adoption is permitted. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows and disclosures.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In January 2020, the FASB issued ASU No. 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” This ASU is effective for fiscal years beginning after December 15, 2020. The adoption of this update is not expected to have a material impact on the Company’s financial position, results of operations or cash flows and disclosures. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not expected to have a material impact on the Company’s present or future consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Schedule of Property and Equipment Estimated Useful Lives	Property and equipment are recorded at cost less accumulated depreciation and impairment losses. Assets under construction are depreciated when they are substantially complete and available for their intended use, over their estimated useful lives. Repairs and maintenance of property and equipment are expensed as incurred. Costs incurred to enhance the service potential of property and equipment are capitalized and depreciated over the remaining useful life of the improved asset. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets as follows: • Mining equipment – five • Vehicles – four years • Building and structures – 40 years • Computer equipment and software – three years • Well equipment – 10 to 40 years • Office equipment – three

SOUTH32 OPTION AGREEMENT (Table

SOUTH32 OPTION AGREEMENT (Tables)	12 Months Ended
	Oct. 31, 2021
Other Commitments [Abstract]
Schedule of Consolidated Assets and Liabilities of Subsidiaries	The combined carrying amount of the assets and liabilities of Minera Metalin (consolidated with its wholly-owned subsidiary) are as follows at October 31, 2021: Assets: Mexico Cash and cash equivalents $ 10,000 Value-added tax receivable, net 121,000 Other receivables 4,000 Prepaid expenses and deposits 100,000 Office and mining equipment, net 164,000 Property concessions 5,020,000 Total assets $ 5,419,000 Liabilities: Accounts payable 68,000 Accrued liabilities and expenses 83,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option 3,659,000 Total liabilities $ 3,810,000 Net advances and investment in the Company’s Mexican subsidiaries $ 1,609,000

VALUE-ADDED TAX RECEIVABLE (Tab

VALUE-ADDED TAX RECEIVABLE (Tables)	12 Months Ended
	Oct. 31, 2021
Receivables [Abstract]
Summary of the Changes in the Allowance for Uncollectible Taxes	A summary of the changes in the allowance for uncollectible VAT for the fiscal years ended October 31, 2021 and 2010 is as follows: Allowance for uncollectible VAT – October 31, 2019 $ 327,624 Provision for uncollectible VAT 49,619 Foreign currency translation adjustment (32,184 ) Allowance for uncollectible VAT – October 31, 2020 345,059 Provision for uncollectible VAT 62,024 Foreign currency translation adjustment 13,899 Allowance for uncollectible VAT – October 31, 2021 $ 420,982

INVESTMENTS AND NON-CONTROLLI_2

INVESTMENTS AND NON-CONTROLLING INTEREST (Tables)	12 Months Ended
	Oct. 31, 2021
Noncontrolling Interest [Abstract]
Schedule of Net Assets at Disposition Date	The net assets of Arras as at September 24, 2021, the date of disposition, was as follows: Cash and cash equivalents $ 505,228 Other receivables 13,319 Loan receivable 2,288,500 Property concessions 327,690 Office and mining equipment, net 108,534 Accounts payable (547,405 ) Accrued liabilities and expenses (553,428 ) Net assets – September 24, 2021 $ 2,142,438
Schedule of Retained Interest Arras Accounted of Fair Value Method	The carrying value of the non-controlling interest at October 31, 2021 was as follows: Non-controlling interests – October 31, 2020 $ — Changes in interests in subsidiary – April 1, 2021 1,979,633 Loss for the period (198,138 ) Distribution of interest in Arras (1,781,495 ) Non-controlling interests – October 31, 2021 $ —
Schedule of Carrying Value of Non-Controlling Interest	The Company determined that the Company’s retained interest in Arras is accounted for using the fair value method for the period from September 24, 2021, onwards, and its investments in Arras is presented as an investment. Equity Security – October 31, 2020 $ — Carrying value of investment on deconsolidation 75,817 Gain on investment 1,090,953 Equity Security – October 31, 2021 $ 1,166,770

OFFICE AND MINING EQUIPMENT (Ta

OFFICE AND MINING EQUIPMENT (Tables)	12 Months Ended
	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Summary of Office and Mining Equipment	The following is a summary of the Company’s office and mining equipment at October 31, 2021 and October 31, 2020: October 31, October 31, 2021 2020 Mining equipment $ 396,153 $ 444,202 Vehicles 92,873 92,873 Buildings and structures 185,724 185,724 Computer equipment and software 74,236 74,236 Well equipment 39,637 39,637 Office equipment 47,597 47,597 836,220 884,269 Less: Accumulated depreciation (672,080 ) (644,500 ) Office and mining equipment, net $ 164,140 $ 239,769

PROPERTY CONCESSIONS (Tables)

PROPERTY CONCESSIONS (Tables)	12 Months Ended
	Oct. 31, 2021
PROPERTY CONCESSIONS [Abstract]
Summary of Property Concessions	The following is a summary of the Company’s property concessions in Sierra Mojada, Mexico as at October 31, 2021 and 2020: Property Concessions – October 31, 2021 and 2020 $ 5,019,927

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the Goodwill Balance	The following is a summary of the Company’s goodwill balance as at October 31, 2021 and 2020: Goodwill – October 31, 2021 and 2020 $ 2,058,031

LOAN PAYABLE (Tables)

LOAN PAYABLE (Tables)	12 Months Ended
	Oct. 31, 2021
Property Concessions By Location Of Concession [Domain]
Schedule of Loan Payable	Loan payable – October 31, 2020 $ 30,034 Loan payable received – January 2021 15,615 Foreign currency translation adjustment 2,801 Loan payable – October 31, 2021 $ 48,450

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Oct. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following is a summary of stock option activity for the fiscal years ended October 31, 2021 and 2020: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2019 2,043,750 $ 0.72 2.83 $ 46,448 Outstanding at October 31, 2020 2,043,750 0.72 1.83 53,546 Exercised (562,893 ) 0.69 Cancelled (1,399,607 ) 0.79 Expired (37,500 ) 1.65 Outstanding at October 31, 2021 43,750 1.39 1.30 — Exercisable at October 31, 2021 43,750 $ 1.39 1.30 $ —
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Summarized information about stock options outstanding and exercisable at October 31, 2021 is as follows: Options Outstanding Options Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 1.39 43,750 1.30 $ 1.39 43,750 $ 1.39
Summary of Stock Option Liability	Prior to the adoption of ASU 2018-07 on November 1, 2019, stock options granted to consultants with a $CDN exercise price were classified as a stock option liability on the Company’s consolidated balance sheets upon vesting. Upon adoption of ASU 2018-07, the classification of stock options granted to consultants with a $CDN exercise price is only reassessed if the award is modified after it vests and the consultant is no longer providing services, rather than once performance is complete and the award vests. ASU 2018-07 requires liability-classified awards that have not been settled as of the adoption date to be remeasured based on their adoption-date fair value. As a result, the Company reclassified $4,803 from stock option liability to additional paid-in capital upon adoption of ASU 2018-07. The following is a summary of the Company’s stock option liability at October 31, 2020 and October 31, 2019: Stock option liability at October 31, 2019 $ 4,803 Reclassification from additional paid-in capital (4,803 ) Stock option liability at October 31, 2020 $ —

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Oct. 31, 2021
Warrants and Rights Note Disclosure [Abstract]
Schedule of Warrant Activity	A summary of warrant activity for the fiscal years ended October 31, 2021 and 2020 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2019 1,975,289 $ 1.28 0.75 $ — Issued in the initial tranche of the 2020 Silver Bull Private Placement (Note 10) 1,811,789 0.59 Expired (1,975,289 ) 1.28 Outstanding and exercisable at October 31, 2020 1,811,789 $ 0.59 4.99 $ — Issued in the second and final tranche of the 2020 Silver Bull Private Placement (Note 10) 159,500 0.59 Outstanding and exercisable at October 31, 2021* 1,971,289 $ 0.59 3.99 $ — * Pursuant to the Distribution (Note 5), 1,971,289 warrants with a weighted average exercise price of $0.59 are exercisable into one share of common stock of the Company and one common share of Arras. The Company will receive $0.34 of the proceeds from the exercise of each of these warrants and the remaining proceeds will be paid to Arras.
Schedule of Warrants by Exercise Price Range	Summarized information about warrants outstanding and exercisable at October 31, 2021 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.59 1,971,289 3.99 $ 0.59

TAX REFORM AND INCOME TAXES (Ta

TAX REFORM AND INCOME TAXES (Tables)	12 Months Ended
	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Loss before Income Taxes, by Tax Jurisdiction	The components of loss before income taxes were as follows: For the year ended October 31, 2021 2020 United States $ 13,000 $ (1,695,000 ) Foreign (2,456,000 ) (523,000 ) Loss before income taxes $ (2,443,000 ) $ (2,218,000 )
Schedule of Components of the Provision for Income Taxes	The components of the provision for income taxes are as follows: For the year ended October 31, 2021 2020 Current tax expense $ 4,550 $ 7,942 Deferred tax expense — — $ 4,550 $ 7,942
Reconciliation of U.S. Statutory Tax Rate to the Provision for Income Tax	The reconciliation of the provision for income taxes computed at the U.S. statutory rate to the provision for income tax as shown in the statement of operations and comprehensive loss is as follows: For the year ended October 31, 2021 2020 Income tax benefit calculated at U.S. federal income tax rate $ (514,000 ) $ (466,000 ) Differences arising from: Other permanent differences 2,766,000 116,000 Differences due to foreign income tax rates (129,000 ) (47,000 ) Adjustment to prior year taxes 56,000 (22,000 ) Inflation adjustment foreign net operating loss (323,000 ) (174,000 ) Foreign currency fluctuations (227,000 ) 638,000 Decrease in valuation allowance (2,551,000 ) (565,000 ) Net operating loss carry forwards deconsolidation - Canada 93,000 — Net operating loss carry forwards expiration - Mexico 834,000 307,000 Net capital loss carry forwards expiration - United States — 62,000 Net operating loss carry forwards expiration - United States — 159,000 Net income tax provision $ 5,000 $ 8,000
Schedule of the Components of Deferred Tax Assets	The components of the deferred tax assets at October 31, 2021 and 2020 were as follows: October 31, 2021 2020 Deferred tax assets: Net operating loss carry forwards – U.S. $ 5,035,000 $ 7,502,000 Net capital loss carry forwards – U.S. — — Net operating loss carry forwards – Mexico 5,922,000 6,080,000 Stock-based compensation – U.S. — 8,000 Exploration costs 814,000 777,000 Other – United States 46,000 19,000 Other – Mexico 42,000 23,000 Total net deferred tax assets 11,859,000 14,409,000 Less: valuation allowance (11,859,000 ) (14,409,000 ) Net deferred tax asset $ — $ —
Schedule of Open Tax Years	The following tax years remain open to examination by the Company’s principal tax jurisdictions: United States: 2017 and all following years Mexico: 2016 and all following years Canada: 2017 and all following years

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Oct. 31, 2021
Segment Reporting [Abstract]
Schedule of Net Income (Loss) by Segment	Geographic information is approximately as follows: For the Year Ended October 31, 2021 2020 Net loss Mexico $ (400,000 ) $ (552,000 ) Kazakhstan (642,000 ) — Canada (1,406,000 ) (1,465,000 ) Other — (209,000 ) Net Loss $ (2,448,000 ) $ (2,226,000 )
Schedule of the Allocation of Assets by Segment	F-25 The following table details allocation of assets included in the accompanying consolidated balance sheets at October 31, 2021: Canada Mexico Total Cash and cash equivalents $ 180,000 $ 10,000 $ 190,000 Value-added tax receivable, net — 121,000 121,000 Other receivables 3,000 4,000 7,000 Prepaid expenses and deposits 96,000 100,000 196,000 Investments 1,167,000 — 1,167,000 Office and mining equipment, net — 164,000 164,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 1,370,000 $ 7,477,000 $ 8,923,000 The following table details the allocation of assets included in the accompanying consolidated balance sheet at October 31, 2020: Canada Mexico Total Cash and cash equivalents $ 1,853,000 $ 9,000 $ 1,862,000 Value-added tax receivable, net — 220,000 220,000 Other receivables 10,000 4,000 14,000 Prepaid expenses and deposits 130,000 100,000 230,000 Loan receivable 360,000 — 360,000 Office and mining equipment, net 48,000 192,000 240,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 2,401,000 $ 7,603,000 $ 10,004,000
Schedule of Allocation of Exploration and Property Holding Costs for Exploration Properties	The following table details the allocation of exploration and property holding costs for the exploration properties: For the Year Ended October 31, 2021 2020 Exploration and property holding costs for the year Mexico $ (338,000 ) $ (477,000 ) Kazakhstan (640,000 ) — Other — (203,000 ) $ (978,000 ) $ (680,000 )

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) - USD ($)	1 Months Ended
	Sep. 24, 2021	Mar. 19, 2021	Oct. 31, 2021	Oct. 31, 2020	Aug. 12, 2020	Oct. 31, 2019
Accumulated deficit			$ 134,226,099	$ 132,019,148
Cash and cash equivalents			$ 189,607	$ 1,861,518		$ 1,431,634
Beskauga Property [Member]
Ownership interest acquired					100.00%
Stock issued during period, shares		36,000,000
Company Retained [Member]
Stock issued during period, shares	1,452,162
Interest of common shares	4.00%
Arras [Member]
Stock issued during period, shares	34,547,838

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - shares	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Sep. 24, 2021
Anti-dilutive shares, stock options and warrants outstanding	2,015,039	3,855,539
Reduce Corporate tax rate	35.00%	21.00%
Arras [Member]
Percentage noncontrolling interest	3.00%		4.00%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Property and Equipment Estimated Useful Lives) (Details)	12 Months Ended
	Oct. 31, 2021
Mining equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Mining equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	4 years
Buildings and structures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	40 years
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Well equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years
Well equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	40 years
Office equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Office equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years

SOUTH32 OPTION AGREEMENT (Narra

SOUTH32 OPTION AGREEMENT (Narrative) (Details) - USD ($)	Jun. 01, 2018	Apr. 30, 2019	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Property concessions funding			$ 82,670	$ 1,100,731
Minera Metalin [Member]
Percentage of owned	70.00%
South32 Limited [Member]
Percentage of owned	100.00%
South32 Limited [Member]
Option period	4 years
Property concessions funding	$ 3,144,163		1,502,831
Payment received		$ 6,000,000	4,646,994
Cash to be contributed to the capital of the Mexican subsidiaries as required for exploration
Mexican subsidiaries maximum loss exposure			5,268,000
South32 Limited [Member] | 2 year [Member]
Contribution of minimum exploration fund	6,000,000
Property concessions funding				$ 1,100,731	$ 319,430
Payment received			$ 82,670
South32 Limited [Member] | 1 year [Member]
Contribution of minimum exploration fund	3,000,000
South32 Limited [Member] | 3 year [Member]
Contribution of minimum exploration fund	8,000,000
South32 Limited [Member] | 4 year [Member]
Contribution of minimum exploration fund	10,000,000
Minera Metalin [Member]
Contribution to acquired shares	$ 100,000,000

SOUTH32 OPTION AGREEMENT (Sched

SOUTH32 OPTION AGREEMENT (Schedule of Consolidated Assets and Liabilities of Subsidiaries) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Assets:
Cash and cash equivalents	$ 189,607	$ 1,861,518	$ 1,431,634
Value-added tax receivable, net	120,810	219,804
Other receivables	7,307	14,387
Prepaid expenses and deposits	196,178	229,647
Office and mining equipment, net	164,140	239,769
Property concessions	5,019,927	5,019,927
TOTAL ASSETS	8,922,770	10,003,713
Liabilities:
Accounts payable	465,865	499,057
Accrued liabilities and expenses	324,454	383,718
TOTAL LIABILITIES	839,769	917,809
Net advances and investment in the Company's Mexican subsidiaries	8,083,001	$ 9,085,904	$ 8,564,875
Minera Metalin and Contratistas [Member]
Assets:
Cash and cash equivalents	10,000
Value-added tax receivable, net	121,000
Other receivables	4,000
Prepaid expenses and deposits	100,000
Office and mining equipment, net	164,000
Property concessions	5,020,000
TOTAL ASSETS	5,419,000
Liabilities:
Accounts payable	68,000
Accrued liabilities and expenses	83,000
Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South 32 Option	3,659,000
TOTAL LIABILITIES	3,810,000
Net advances and investment in the Company's Mexican subsidiaries	$ 1,609,000

VALUE-ADDED TAX RECEIVABLE (Nar

VALUE-ADDED TAX RECEIVABLE (Narrative) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Receivables [Abstract]
Value-added tax receivable, current	$ 120,810	$ 219,804

VALUE-ADDED TAX RECEIVABLE (Sum

VALUE-ADDED TAX RECEIVABLE (Summary of the Changes in the Allowance for Uncollectible Taxes) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Receivables [Abstract]
Allowance for uncollectible VAT, beginning balance	$ 345,059	$ 327,624
Provision for uncollectible VAT	62,024	49,619
Foreign currency translation adjustment	13,899	(32,184)
Allowance for uncollectible VAT, ending balance	$ 420,982	$ 345,059

INVESTMENTS AND NON-CONTROLLI_3

INVESTMENTS AND NON-CONTROLLING INTEREST (Narrative) (Details)	Apr. 01, 2021USD ($)shares	Apr. 01, 2021CAD ($)$ / sharesshares	Sep. 24, 2021USD ($)shares	Mar. 19, 2021shares	Oct. 31, 2021USD ($)	Oct. 31, 2020USD ($)	Aug. 24, 2020USD ($)	Aug. 12, 2020	Oct. 31, 2019USD ($)
Noncontrolling Interest [Line Items]
Proceeds from private placement	$ 2,000,319
Cash and cash equivalents (Note 14)					$ 189,607	$ 1,861,518			$ 1,431,634
Ekidos Minerals LLP [Member]
Noncontrolling Interest [Line Items]
Loans receivable			$ 1,928,450				$ 360,000
Beskauga Property [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares | shares				36,000,000
Ownership interest acquired								100.00%
Company Retained [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares | shares			1,452,162
Interest of common shares			4.00%
Arras [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares | shares			34,547,838
Arras [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares | shares			1,452,162
Parent [Member]
Noncontrolling Interest [Line Items]
Percentage noncontrolling interest		88.00%
Arras [Member]
Noncontrolling Interest [Line Items]
Percentage noncontrolling interest			4.00%		3.00%
Cash and cash equivalents (Note 14)			$ 505,228
CDN [Member]
Noncontrolling Interest [Line Items]
Proceeds from private placement		$ 2,517,500
Arras Private Placement [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares | shares	5,035,000	5,035,000
Per share price | $ / shares		$ 0.50
Offering costs	$ 20,687
Gain on dilution due to change interest in subsidiary	$ 1,979,633

INVESTMENTS AND NON-CONTROLLI_4

INVESTMENTS AND NON-CONTROLLING INTEREST (Schedule of Net Assets at Disposition Date) (Details) - USD ($)	Oct. 31, 2021	Sep. 24, 2021	Oct. 31, 2020	Oct. 31, 2019
Cash and cash equivalents	$ 189,607		$ 1,861,518	$ 1,431,634
Loan receivable			360,050
Property concessions	5,019,927		5,019,927
Office and mining equipment, net	$ 164,140		$ 239,769
Arras [Member]
Cash and cash equivalents		$ 505,228
Other receivables		13,319
Loan receivable		2,288,500
Property concessions		327,690
Office and mining equipment, net		108,534
Accounts payable		(547,405)
Accrued liabilities and expenses		(553,428)
Net assets - September 24, 2021		$ 2,142,438

INVESTMENTS AND NON-CONTROLLI_5

INVESTMENTS AND NON-CONTROLLING INTEREST (Schedule of Retained Interest Arras Accounted ofFair Value Method) (Details)	12 Months Ended
	Oct. 31, 2021USD ($)
Noncontrolling Interest [Abstract]
Equity Security - October 31, 2020
Carrying value of investment on deconsolidation	75,817
Gain on investment	1,090,953
Equity Security - October 31, 2021	$ 1,166,770

INVESTMENTS AND NON-CONTROLLI_6

INVESTMENTS AND NON-CONTROLLING INTEREST (Schedule of Carrying Value of Non-Controlling Interest) (Details)	12 Months Ended
	Oct. 31, 2021USD ($)
Noncontrolling Interest [Abstract]
Non-controlling interests - October 31, 2020
Changes in interests in subsidiary - April 1, 2021	1,979,633
Loss for the period	(198,138)
Distribution of interest in Arras	(1,781,495)
Non-controlling interests - October 31, 2021

OFFICE AND MINING EQUIPMENT (Su

OFFICE AND MINING EQUIPMENT (Summary of Office and Mining Equipment) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 836,220	$ 884,269
Less: Accumulated depreciation	(672,080)	(644,500)
Office and mining equipment, net	164,140	239,769
Mining equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	396,153	444,202
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	92,873	92,873
Buildings and structures [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	185,724	185,724
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	74,236	74,236
Well equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	39,637	39,637
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 47,597	$ 47,597

PROPERTY CONCESSIONS (Summary o

PROPERTY CONCESSIONS (Summary of Property Concessions) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
PROPERTY CONCESSIONS [Abstract]
Property Concessions - October 31, 2021 and 2020	$ 5,019,927	$ 5,019,927

GOODWILL (Summary of the Goodwi

GOODWILL (Summary of the Goodwill Balance) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill - October 31, 2021 and 2020	$ 2,058,031	$ 2,058,031

LOAN PAYABLE (Narrative) (Detai

LOAN PAYABLE (Narrative) (Details) - Canada Emergency Business Account Loan [Member]	1 Months Ended		12 Months Ended
	Jan. 31, 2021CAD ($)	Jun. 30, 2020CAD ($)	Oct. 31, 2021USD ($)	Oct. 31, 2021CAD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020CAD ($)
Debt Instrument [Line Items]
Loan received			$ 15,615		$ 29,531
Maturity date	Dec. 31, 2022	Dec. 31, 2022
Extended term		January 1, 2023 to December 31, 2025	Any portion of the loan is repayable without penalty at any time prior to December 31, 2025.
Interest rate	5.00%	5.00%
CDN [Member]
Debt Instrument [Line Items]
Loan received				$ 20,000		$ 40,000
Repayment under initial term	$ 60,000	$ 30,000
Principal amount forgiven	$ 20,000	$ 10,000

LOAN PAYABLE (Schedule of Loan

LOAN PAYABLE (Schedule of Loan Payable) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Property Concessions By Location Of Concession [Domain]
Loan payable - October 31, 2020	$ 30,034
Loan payable received - January 2021	15,615	$ 29,531
Foreign currency translation adjustment	2,801
Loan payable - October 31, 2021	$ 48,450	$ 30,034

COMMON STOCK (Details)

COMMON STOCK (Details)	Sep. 09, 2021shares	Feb. 02, 2021shares	Nov. 09, 2020USD ($)$ / sharesshares	Jun. 25, 2021USD ($)shares	Jun. 25, 2021CAD ($)shares	Jun. 15, 2021shares	Oct. 31, 2021USD ($)$ / sharesshares	Oct. 31, 2020USD ($)$ / sharesshares	Apr. 20, 2021shares	Oct. 31, 2019shares
Class of Stock [Line Items]
Common stock, shares authorized							150,000,000	37,500,000	150,000,000
Number of shares elected to be received by recipients	220,471
Number of shares cancelled in cashless exercise of option	857,654
Common stock, par value | $ / shares							$ 0.01	$ 0.01
Proceeds from issuance of common stock | $							$ 452,828	$ 1,668,669
Options outstanding during the period		228,986				113,436	43,750	2,043,750		2,043,750
Options exercised during the period	1,078,125	509,375				375,000	562,893
Options cancelled during the period		280,389				261,564
Private Placement [Member]
Class of Stock [Line Items]
Stock issued during period, shares				500,000	500,000
Proceeds from issuance of common stock | $				$ 405,351
Offering costs incurred | $				$ 14,628
Private Placement [Member] | CDN [Member]
Class of Stock [Line Items]
Proceeds from issuance of common stock | $					$ 500,000
Two-tranche private placement [Member]
Class of Stock [Line Items]
Stock issued during period, shares			319,000
Equity issuance, price per share | $ / shares			$ 0.47
Proceeds from issuance of common stock | $			$ 149,930
Offering costs incurred | $			$ 6,780
Stock price per share | $ / shares			$ 0.59

STOCK OPTIONS (Narrative) (Deta

STOCK OPTIONS (Narrative) (Details)	Sep. 09, 2021$ / sharesshares	Sep. 09, 2021$ / sharesshares	Feb. 02, 2021$ / sharesshares	Feb. 02, 2021$ / sharesshares	Jun. 15, 2021$ / sharesshares	Jun. 15, 2021$ / sharesshares	Sep. 24, 2021USD ($)	Oct. 31, 2021USD ($)$ / sharesshares	Oct. 31, 2021USD ($)$ / sharesshares	Oct. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value | $ / shares	$ 224,756		$ 194,630		$ 136,815
Options exercised during the period | shares	1,078,125	1,078,125	509,375	509,375	375,000	375,000		562,893
Stock-based compensation costs recognized during the period							$ 587,505	$ 587,505		$ 62,417
Total unrecognized compensation costs related to non-vested share based compensation arrangements granted under qualified stock option plans
Weighted-average period for remaining compensation costs to be recognized								0 years
Share-based compensation recognized as personnel costs for options granted to employees								$ 283,173
Directors fees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs recognized during the period								$ 209,241
Arras [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised during the period | shares								5,060,000
Weighted-average grant date fair value of options granted during period | $ / shares								$ 0.22
CDN [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of options granted | $ / shares		$ 1.03		$ 0.60		$ 1.03
CDN [Member] | Arras [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of options granted | $ / shares									$ 0.50
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term for options								5 years
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan								2 years
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan								3 years
Exploration and Property Holding Costs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs recognized during the period								$ 95,091
2019 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan | shares								150,000,000	150,000,000
Shares outstanding reserved for issuance upon the exercise of options or the grant of stock bonuses percentage								10.00%	10.00%

STOCK OPTIONS (Summary of Stock

STOCK OPTIONS (Summary of Stock Option Activity) (Details) - USD ($)	Sep. 09, 2021	Feb. 02, 2021	Jun. 15, 2021	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Shares
Outstanding, beginning				2,043,750	2,043,750
Exercised	(1,078,125)	(509,375)	(375,000)	(562,893)
Cancelled				(1,399,607)
Expired				(37,500)
Outstanding, ending		228,986	113,436	43,750	2,043,750	2,043,750
Exercisable, ending				43,750
Weighted Average Exercise Price
Outstanding, beginning				$ 0.72	$ 0.72
Exercised				0.69
Cancelled				0.79
Expired				1.65
Outstanding, ending				1.39	$ 0.72	$ 0.72
Exercisable, ending				$ 1.39
Weighted average remaining contractual life, Outstanding				1 year 3 months 18 days	1 year 9 months 29 days	2 years 9 months 29 days
Weighted average remaining contractual life, Exercisable				1 year 3 months 18 days
Aggregate intrinsic value, Outstanding					$ 53,546	$ 46,448
Exercisable
Aggregate intrinsic value, exercisable

STOCK OPTIONS (Summarized Infor

STOCK OPTIONS (Summarized Information of Stock Options Outstanding and Exercisable) (Details) - 0.45 [Member]	12 Months Ended
	Oct. 31, 2021$ / sharesshares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Minimum exercise price	$ 1.39
Number of options outstanding | shares	43,750
Weighted Average Remaining Contractual Life (Years)	1 year 3 months 18 days
Options Outstanding - Weighted Average Exercise Price	$ 1.39
Number Exercisable | shares	43,750
Options Exercisable - Weighted Average Exercise Price	$ 1.39

STOCK OPTIONS (Summary of Sto_2

STOCK OPTIONS (Summary of Stock Option Liability) (Details)	12 Months Ended
	Oct. 31, 2020USD ($)
Share-based Payment Arrangement [Abstract]
Stock option liability	$ 4,803
Reclassification from additional paid-in capital	(4,803)
Stock option liability

WARRANTS (Narrative) (Details)

WARRANTS (Narrative) (Details) - $ / shares	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Private Placement [Member]
Class of Warrant or Right [Line Items]
Number of warrants issued	159,500	1,811,789
Exercise price of warrants	$ 0.59	$ 0.59
Warrant [Member]
Class of Warrant or Right [Line Items]
Exercise price of warrants	$ 0.34

WARRANTS (Summary of Warrant Ac

WARRANTS (Summary of Warrant Activity) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021		Oct. 31, 2020	Oct. 31, 2019
Shares
Expired	(37,500)
Weighted Average Exercise Price
Expired, weighted average exercise price	$ 1.65
Weighted Average Remaining Contractual Life (Years)	1 year 3 months 18 days		1 year 9 months 29 days	2 years 9 months 29 days
Weighted Average Remaining Contractual Life Years, Exercisable	1 year 3 months 18 days
Warrant [Member]
Shares
Outstanding and exercisable	1,811,789		1,975,289
Issued in thei initial tranche of the Private Placement (Note 10)	159,500		1,811,789
Expired			(1,975,289)
Outstanding and exercisable	1,971,289	[1]	1,811,789	1,975,289
Weighted Average Exercise Price
Outstanding and exercisable	$ 0.59		$ 1.28
Issued in thei initial tranche of the Private Placement (Note 10), weighted average exercise price	0.59		0.59
Expired, weighted average exercise price			1.28
Outstanding and exercisable	$ 0.59	[1]	$ 0.59	$ 1.28
Weighted Average Remaining Contractual Life (Years)				9 months
Weighted Average Remaining Contractual Life Years, Exercisable	3 years 11 months 26 days	[1]	4 years 11 months 26 days
Aggregate intrinsic value		[1]
[1]	Pursuant to the Distribution (Note 5), 1,971,289 warrants with a weighted average exercise price of $0.59 are exercisable into one share of common stock of the Company and one common share of Arras. The Company will receive $0.34 of the proceeds from the exercise of each of these warrants and the remaining proceeds will be paid to Arras.

WARRANTS (Summary of Warrants O

WARRANTS (Summary of Warrants Outstanding and Exercisable by Price Range) (Details)	12 Months Ended
	Oct. 31, 2021$ / sharesshares
Warrants and Rights Note Disclosure [Abstract]
Exercise price	$ 0.59
Warrants and Exercisable outstanding | shares	1,971,289
Weighted Remaining Average Contractual Life (Years)	3 years 11 months 26 days
Weighted average exercise price, outstanding	$ 0.59

TAX REFORM AND INCOME TAXES (Na

TAX REFORM AND INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Line Items]
Statutory tax rate	21.00%	21.00%
Internal Revenue Service (IRS) [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards	$ 19
Internal Revenue Service (IRS) [Member] | Carried forward indefinitely [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards	$ 4
Internal Revenue Service (IRS) [Member] | Minimum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates	Dec. 31, 2029
Internal Revenue Service (IRS) [Member] | Maximum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates	Dec. 31, 2037
Mexican Tax Authority [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards	$ 20
Mexican Tax Authority [Member] | Minimum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates	Dec. 31, 2022
Mexican Tax Authority [Member] | Maximum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates	Dec. 31, 2031

TAX REFORM AND INCOME TAXES (Sc

TAX REFORM AND INCOME TAXES (Schedule of Components of Loss before Income Taxes, by Tax Jurisdiction) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Segment Reporting Information [Line Items]
Loss before income taxes	$ (2,443,102)	$ (2,217,607)
United States [Member]
Segment Reporting Information [Line Items]
Loss before income taxes	13,000	(1,695,000)
Foreign [Member]
Segment Reporting Information [Line Items]
Loss before income taxes	$ (2,456,000)	$ (523,000)

TAX REFORM AND INCOME TAXES (Co

TAX REFORM AND INCOME TAXES (Components of the Provision for Income Taxes) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Current tax expense	$ 4,550	$ 7,942
Deferred tax expense
Net income tax provision	$ 4,550	$ 7,942

TAX REFORM AND INCOME TAXES (Re

TAX REFORM AND INCOME TAXES (Reconciliation of the Provision For Income Taxes) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income tax benefit calculated at U.S. Federal Income tax rate	$ (514,000)	$ (466,000)
Differences arising from:
Other permanent differences	2,766,000	116,000
Differences due to foreign income tax rates	(129,000)	(47,000)
Adjustment to prior year taxes	56,000	(22,000)
Inflation adjustment foreign net operating loss	(323,000)	(174,000)
Foreign currency fluctuations	(227,000)	638,000
Decrease in valuation allowance	(2,551,000)	(565,000)
Net operating loss carry forwards deconsolidation - Canada	93,000
Net operating loss carry forwards expiration - Mexico	834,000	307,000
Net capital loss carry forwards expiration - United States		62,000
Net operating loss carry forwards expiration - United States		159,000
Net income tax provision	$ 5,000	$ 8,000

TAX REFORM AND INCOME TAXES (_2

TAX REFORM AND INCOME TAXES (Components of Deferred Tax Assets) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Deferred tax assets:
Net operating loss carry forwards - U.S.	$ 5,035,000	$ 7,502,000
Net capital loss carry forwards - U.S.
Net operating loss carry forwards - Mexico	5,922,000	6,080,000
Stock-based compensation - U.S.		8,000
Exploration costs	814,000	777,000
Other - United States	46,000	19,000
Other - Mexico	42,000	23,000
Total net deferred tax assets	11,859,000	14,409,000
Less: valuation allowance	(11,859,000)	(14,409,000)
Net deferred tax asset

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details)	12 Months Ended
	Oct. 31, 2021USD ($)	Oct. 31, 2021CAD ($)	Oct. 31, 2020USD ($)	Oct. 31, 2019USD ($)
Cash balances not insured	$ 98,617		$ 1,793,270
Value of total cash accounts held in Mexico and Gabon	10,239		8,739
Effect of a 1% decrease in interest rates on interest income	92
Cash and cash equivalents	189,607		1,861,518	$ 1,431,634
Current liabilities	$ 791,319		$ 887,775
CDN [Member]
Cash balance insured by CDIC per financial institution		$ 100,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Royalty) (Details) - Sierra Mojada [Member] $ in Thousands	Oct. 31, 2021USD ($)
Property Concessions By Location Of Concessions [Line Items]
Percentage rate of net smelter return royalties	2.00%
The maximum net smelter return royalties that can be paid	$ 6,875

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Litigation and Claims) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 15, 2016	Oct. 31, 2021
Litigation and Claims:
Interest rate sought on the Royalty		6.00%
Development of Sierra Mojada Property [Member]
Litigation and Claims:
Loss contingency payment sought	$ 5.9
Amount of new resolution awarded by court in Valdez legal case	$ 5

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Net Loss) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Mexico [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	$ (400,000)	$ (552,000)
Kazakhstan [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	(642,000)
Canada [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	(1,406,000)	(1,465,000)
Other [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations		$ (209,000)

SEGMENT INFORMATION (Schedule_2

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Segment Reporting Information [Line Items]
Value-added tax receivable, net	$ 120,810	$ 219,804
Other receivables	7,307	14,387
Prepaid expenses and deposits	196,178	229,647
Investments	1,166,770
Loan receivable		360,050
Office and mining equipment, net	164,140	239,769
Property concessions	5,019,927	5,019,927
Goodwill	2,058,031	2,058,031
TOTAL ASSETS	8,922,770	10,003,713
Canada [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	180,000	1,853,000
Value-added tax receivable, net
Other receivables	3,000	10,000
Prepaid expenses and deposits	96,000	130,000
Investments	1,167,000
Loan receivable		360,000
Office and mining equipment, net		48,000
Property concessions
Goodwill
TOTAL ASSETS	1,370,000	2,401,000
Mexico [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	10,000	9,000
Value-added tax receivable, net	121,000	220,000
Other receivables	4,000	4,000
Prepaid expenses and deposits	100,000	100,000
Investments
Loan receivable
Office and mining equipment, net	164,000	192,000
Property concessions	5,020,000	5,020,000
Goodwill	2,058,000	2,058,000
TOTAL ASSETS	$ 7,477,000	$ 7,603,000

SEGMENT INFORMATION (Schedule_3

SEGMENT INFORMATION (Schedule of Allocation of Exploration and Property Holding Costs for Exploration Properties) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	$ 978,024	$ 680,395
Mexico [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	(338,000)	(477,000)
Kazakhstan [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	(640,000)
Other [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period		$ (203,000)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Dec. 06, 2021CAD ($)shares	Oct. 31, 2021USD ($)	Oct. 31, 2020USD ($)
Subsequent Event [Line Items]
Proceeds from shares sold		$ 452,828	$ 1,668,669
Subsequent Event [Member] | Arras [Member]
Subsequent Event [Line Items]
Stock issued during period, shares | shares	600,000
Proceeds from shares sold	$ 600,000