Silver Bull Resources (SVBL) 10-Q 16 Mar 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 31, 2022	Mar. 16, 2022
Cover [Abstract]
Entity Central Index Key	0001031093
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Transition Report	false
Entity File Number	001-33125
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Entity Incorporation, State or 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(b) Security	None
Name of Exchange on which Security is Registered	NONE
Trading Symbol	NONE
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,055,652

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jan. 31, 2022	Oct. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 216,436	$ 189,607
Value-added tax receivable, net of allowance for uncollectible taxes of $420,982 (Note 7)		120,810
Other receivables	16,914	7,307
Prepaid expenses and deposits	78,298	196,178
Investments (Note 5)	669,687	1,166,770
Total Current Assets	981,335	1,680,672
Value-added tax receivable, net of allowance for uncollectible taxes of $422,516 (Note 7)	119,581
Office and mining equipment, net (Note 8)	158,897	164,140
Property concessions (Note 9)	5,019,927	5,019,927
Goodwill (Note 10)	2,058,031	2,058,031
TOTAL ASSETS	8,337,771	8,922,770
CURRENT LIABILITIES
Accounts payable	179,484	465,865
Accrued liabilities and expenses	356,111	324,454
Income tax payable	2,000	1,000
Total Current Liabilities	537,595	791,319
Loan payable (Note 11)	47,174	48,450
TOTAL LIABILITIES	584,769	839,769
COMMITMENTS AND CONTINGENCIES (Note 16)
STOCKHOLDERS' EQUITY (Notes 6, 12, 13 and 14)
Common stock, $0.01 par value; 150,000,000 shares authorized, 34,547,838 and 34,547,838 shares issued and outstanding, respectively	2,413,337	2,413,337
Additional paid-in capital	139,803,515	139,803,515
Accumulated deficit	(134,556,098)	(134,226,099)
Other comprehensive income	92,248	92,248
Total Stockholders' Equity	7,753,002	8,083,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 8,337,771	$ 8,922,770

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Statement of Financial Position [Abstract]
Allowance for uncollectible taxes, current		$ 420,982
Allowance for uncollectible taxes, non-current	$ 422,516
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	34,547,838	34,547,838
Common stock, shares outstanding	34,547,838	34,547,838

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Income Statement [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs	108,288	334,047
Depreciation (Note 8)	5,243	10,427
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	113,531	344,474
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel	92,135	141,032
Office and administrative	34,848	128,961
Professional services	58,747	200,864
Directors' fees	18,916	30,489
Provision for uncollectible value-added taxes (Note 7)	6,435	8,572
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	211,081	509,918
LOSS FROM OPERATIONS	(324,612)	(854,392)
OTHER EXPENSES
Interest income	6	54
Foreign currency transaction loss	(4,393)	(2,019)
TOTAL OTHER EXPENSES	(4,387)	(1,965)
LOSS BEFORE INCOME TAXES	(328,999)	(856,357)
INCOME TAX EXPENSE	1,000	2,037
NET AND COMPREHENSIVE LOSS	$ (329,999)	$ (858,394)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.01)	$ (0.03)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	33,547,838	33,453,738

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Other Comprehensive Income [Member]	Total
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
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 12)	$ 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 12) (in shares)	319,000
Earn-in option agreement (Note 4)		72,286			72,286
Net loss			(858,394)		(858,394)
Balance at Jan. 01, 2021	$ 2,402,708	138,825,532	(132,877,542)	92,248	8,442,946
Balance, shares at Jan. 01, 2021	33,484,945
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	33,547,838				34,547,838
Net loss			(329,999)		$ (329,999)
Balance at Jan. 31, 2022	$ 2,413,337	$ 139,803,515	$ (134,556,098)	$ 92,248	$ 7,753,002
Balance, shares at Jan. 31, 2022	33,547,838				34,547,838

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - Warrant [Member]	3 Months Ended
	Jan. 31, 2021USD ($)$ / shares
Equity issuance, price per share | $ / shares	$ 0.47
Offering costs incurred | $	$ 6,780

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (329,999)	$ (858,394)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	5,243	10,427
Provision for uncollectible value-added taxes	6,435	8,572
Foreign currency transaction loss (gain)	37,606	(2,525)
Changes in operating assets and liabilities:
Value-added tax receivable	(6,289)	(14,529)
Income tax receivables		(133)
Other receivables	(9,665)	4,918
Prepaid expenses and deposits	110,143	36,904
Accounts payable	(285,534)	(201,580)
Accrued liabilities and expenses	35,423	197,260
Income tax payable	1,000	(3,500)
Net cash used in operating activities	(435,637)	(822,580)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of investments (Note 5)	469,484
Purchase of equipment		(10,180)
Loan receivable		(400,000)
Net cash provided by (used in) investing activities	469,484	(410,180)
CASH FLOWS FROM FINANCING ACTIVITIES:
Property concessions funding (Note 4)		72,286
Proceeds from loan financing (Note 11)		15,615
Proceeds from issuance of common stock, net of offering costs (Note 12)		143,091
Net cash provided by financing activities		230,992
Effect of exchange rates on cash and cash equivalents	(7,018)	2,825
Net increase (decrease) in cash and cash equivalents	26,829	(998,943)
Cash and cash equivalents beginning of period	189,607	1,861,518
Cash and cash equivalents end of period	216,436	862,575
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid		5,732
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITY:
Offering costs included in accounts payable and accrued liabilities		$ 60,102

ORGANIZATION, DESCRIPTION OF BU

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN 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”) and Minas de Coahuila SBR S.A. de C.V. (“Minas”). On August 26, 2021, the Company’s wholly-owned Mexican subsidiary, Contratistas de Sierra Mojada S.A. de C.V. (“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., which is incorporated in the British Virgin Islands. 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 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”). 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 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. 8 Going Concern Since its inception in November 1993, the Company has not generated revenue and has incurred an accumulated deficit of $134,556,098. 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, sales of investments and warrant exercises as the primary sources of financing to fund the Company’s operations. As of January 31, 2022, the Company had cash and cash equivalents of approximately $216,000. 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 and selling its investments in Arras. However, there is no assurance that the Company will be successful in pursuing these plans. These interim condensed 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.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION The Company’s interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable rules of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim reporting. All intercompany transactions and balances have been eliminated during consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The consolidated balance sheet at October 31, 2021 was derived from the audited consolidated financial statements. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended October 31, 2021. All figures are in United States dollars unless otherwise noted. The interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, except for the recent accounting pronouncements adopted as disclosed in Note 3. In the opinion of management, the interim condensed consolidated financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim periods presented. Uncertainties with respect to estimates and assumptions are inherent in the preparation of the Company’s interim condensed consolidated financial statements. Accordingly, operating results for the three months ended January 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending October 31, 2022 or any future period.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies are defined in the Company’s Annual Report on Form 10-K for the year ended October 31, 2021 filed with the SEC on January 14, 2022, except as follows. Recent Accounting Pronouncements Adopted in the Three-Month Period Ended January 31, 2022 On November 1, 2021, the Company adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Updated (“ASU”) 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.” ASU 2020-01 is effective for interim and annual periods beginning after December 15, 2020. 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. 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	3 Months Ended
	Jan. 31, 2022
Other Commitments [Abstract]
SOUTH32 OPTION AGREEMENT	NOTE 4 – 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 received funding of $1,502,831, which included payments of $319,430, $1,100,731 and $82,670 received during the years ended October 31, 2019, 2020 and 2021, 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 January 31, 2022, the Company had received cumulative funding of $4,646,994 under the South32 Option Agreement. During the three months ended January 31, 2022, the Company received $nil payments for the extended Year 2 time period due to an event of force majeure. 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. 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 March 16, 2022, the blockade by Mineros Norteños at, on and around the Sierra Mojada Property is ongoing. 10 The combined approximate carrying amount of the assets and liabilities of Minera Metalin (consolidated with its wholly-owned subsidiary) are as follows at January 31, 2022: Assets: Mexico Cash and cash equivalents $ 33,000 Value-added tax receivable, net 120,000 Prepaid expenses and deposits 4,000 Office and mining equipment, net 159,000 Property concessions 5,020,000 Total assets $ 5,336,000 Liabilities: Accounts payable $ 23,000 Accrued liabilities and expenses 63,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option​​ 3,727,000 Total liabilities $ 3,813,000 Net advances and investment in the Company’s Mexican subsidiary $ 1,523,000 The Company’s maximum exposure to loss at January 31, 2022 is $5,250,000, which includes the carrying value of the variable interest entity’s net asset, excluding the payable to Silver Bull Resources, Inc.

INVESTMENTS

INVESTMENTS	3 Months Ended
	Jan. 31, 2022
Noncontrolling Interest [Abstract]
INVESTMENTS	NOTE 5 – INVESTMENTS 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, among other things, to its subsidiary, Arras, in exchange for 36,000,000 common shares of 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. 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 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. On December 6, 2021, the Company sold 600,000 common shares of Arras at a price of $CDN 1.00 per share for proceeds of $469,484 ($CDN 600,000). As of January 31, 2022, the Company retained 852,162 Arras shares, or approximately 1.7% (October 31, 2021: 3.0%) of the outstanding Arras common shares. A summary of the changes in investments for the year ended October 31, 2021 and the three months ended January 31, 2022 is as follows: 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 Sale of investment (469,484 ) Foreign currency translation adjustment (27,599 ) Equity security – January 31, 2022 $ 669,687 Changes in the fair value of the Company’s investments in equity securities are recognized each period in the interim condensed consolidated financial statement primarily using fair value method if the observable quoted market prices are not available.

NET LOSS PER SHARE

NET LOSS PER SHARE	3 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 6 – NET LOSS PER SHARE The Company had stock options and warrants outstanding at January 31, 2022 and 2021 that upon exercise were issuable into 2,015,039 and 4,015,039 shares of the Company’s common stock, respectively. They were not included in the calculation of loss per share because they would have been anti-dilutive.

VALUE-ADDED TAX RECEIVABLE

VALUE-ADDED TAX RECEIVABLE	3 Months Ended
	Jan. 31, 2022
VALUE-ADDED TAX RECEIVABLE [Abstract]
VALUE-ADDED TAX RECEIVABLE	NOTE 7 – VALUE-ADDED TAX RECEIVABLE Value-added tax (“VAT”) receivable relates to VAT paid in Mexico. The Company estimates that net VAT of $119,581 will be received and believes that it remains legally entitled to be refunded the full amount of the VAT receivable and intends to rigorously continue its VAT recovery efforts. While the Company continues to pursue recovery from the Mexican government, the Company reclassified the carrying value of the receivable to non-current assets as of January 31, 2022 based on the continued failure to recover the VAT receivable and a recent preliminary unfavorable ruling from the Mexican tax authority, which the Company is in the process of challenging. 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 three months ended January 31, 2022 is as follows: Allowance for uncollectible VAT – October 31, 2021 $ 420,982 Provision for VAT receivable allowance 6,435 Foreign currency translation adjustment (4,901 ) Allowance for uncollectible VAT – January 31, 2022 $ 422,516

OFFICE AND MINING EQUIPMENT

OFFICE AND MINING EQUIPMENT	3 Months Ended
	Jan. 31, 2022
Property, Plant and Equipment [Abstract]
OFFICE AND MINING EQUIPMENT	NOTE 8 – OFFICE AND MINING EQUIPMENT The following is a summary of the Company’s office and mining equipment at January 31, 2022 and October 31, 2021, respectively: January 31, October 31, 2022 2021 Mining equipment $ 396,153 $ 396,153 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 47,597 836,220 836,220 Less: Accumulated depreciation (677,323 ) (672,080 ) Office and mining equipment, net $ 158,897 $ 164,140

PROPERTY CONCESSIONS

PROPERTY CONCESSIONS	3 Months Ended
	Jan. 31, 2022
PROPERTY CONCESSIONS [Abstract]
PROPERTY CONCESSIONS	NOTE 9 – PROPERTY CONCESSIONS The following is a summary of the Company’s property concessions for the Sierra Mojada Property as at January 31, 2022 and October 31, 2021: Property concessions – January 31, 2022 and October 31, 2021 $ 5,019,927

GOODWILL

GOODWILL	3 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 10 – 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 Company performs its annual goodwill impairment test as of April 30th of each fiscal year. The following is a summary of the Company’s goodwill balance as at January 31, 2022 and October 31, 2021: Goodwill – January 31, 2022 and October 31, 2021 $ 2,058,031

LOAN PAYABLE

LOAN PAYABLE	3 Months Ended
	Jan. 31, 2022
Recovery Of Provision For Uncollectible Value Added Taxes
LOAN PAYABLE	NOTE 11 – 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. In January 2021, the Company received 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. In January 2022, the repayment deadline for CEBA loan to qualify for loan forgiveness had been extended to December 31, 2023. 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 prior to the Initial Term date. An income will be recognized in the period when the CEBA loan is forgiven. Loan payable – October 31, 2021 $ 48,450 Foreign currency translation adjustment (1,276 ) Loan payable – January 31, 2022 $ 47,174

COMMON STOCK

COMMON STOCK	3 Months Ended
	Jan. 31, 2022
Stockholders' Equity Note [Abstract]
COMMON STOCK	NOTE 12 – COMMON STOCK No shares of common stock were issued during the three months ended January 31, 2022. On November 9, 2020, the Company completed the second and final tranche of a two-tranche private placement (the “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 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 Private Placement of $6,780. Subscribers of the second and final tranche of the Private Placement included management for a total 319,000 Units and gross proceeds of $149,930.

STOCK OPTIONS

STOCK OPTIONS	3 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE 13 – STOCK OPTIONS The Company has one stock option plan under which equity securities are authorized for issuance to officers, directors, employees and advisors: the 2019 Stock Option and Stock Bonus Plan (the “2019 Plan”). Under the 2019 Plan, the lesser of (i) 3,750,000 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 years and have a contractual term of five years. No options were granted or exercised during the three months ended January 31, 2022 and 2021. The following is a summary of stock option activity for the three months ended January 31, 2022: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2021 43,750 $ 1.35 1.30 $ — Outstanding at January 31, 2022 43,750 1.35 1.05 $ — Exercisable at January 31, 2022 43,750 $ 1.35 1.05 $ — Summarized information about stock options outstanding and exercisable at January 31, 2022 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 $ 1.35 43,750 1.05 $ 1.35 43,750 $ 1.35

WARRANTS

WARRANTS	3 Months Ended
	Jan. 31, 2022
Warrants and Rights Note Disclosure [Abstract]
WARRANTS	NOTE 14 – WARRANTS A summary of warrant activity for the three months ended January 31, 2022 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding and exercisable at October 31, 2021 1,971,289 $ 0.59 3.99 $ — Outstanding and exercisable at January 31, 2022* 1,971,289 $ 0.59 3.74 $ — * Pursuant to the terms of the Separation and Distribution Agreement, dated as of August 31, 2021, between Silver Bull and Arras entered into in connection with 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. 14 No warrants were issued or exercised during the three months ended January 31, 2022. No warrants were exercised during the three months ended January 31, 2021. During the three months ended January 31, 2021, the Company issued 159,500 warrants with an exercise price of $0.59 in connection with the Private Placement. Summarized information about warrants outstanding and exercisable at January 31, 2022 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 3.74 $ 0.59

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Jan. 31, 2022
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	NOTE 15 – 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, accounts payable and loan payable. The carrying amounts of cash and cash equivalents and accounts payable approximate fair value at January 31, 2022 and October 31, 2021 due to the short maturities of these financial instruments. Investments and loan payable are classified as Level 2 in the fair value hierarchy. 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 acceptable levels of creditworthiness. 15 The Company maintains its U.S. dollar and Canadian dollar 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 relate to U.S. dollar deposits held in Canadian financial institutions. As of January 31, 2022, and October 31, 2021, the Company’s cash and cash equivalent balances held in Canadian financial institutions included $104,707 and $98,671, 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 to 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 January 31, 2022, and October 31, 2021, the U.S. dollar equivalent balance for these accounts was $33,107 and $10,239, respectively. Interest Rate Risk The Company holds substantially all of its 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 three months ended January 31, 2022, a 1% decrease in interest rates would have resulted in a reduction of approximately $6 in interest income for the period. Foreign Currency Exchange Risk The Company is not subject to any significant market risk related to foreign currency exchange rate fluctuations. Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices such as investments in Arras common shares. The Company does not hold or issue derivatives for trading or speculative purposes.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 16 – 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 in 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 interim condensed consolidated financial statements with respect to this claim. 16 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 interim condensed 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	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 17 – 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 Three Months Ended January 31, 2022 2021 Net loss Canada $ (213,000 ) $ (514,000 ) Mexico (117,000 ) (58,000 ) Kazakhstan — (286,000 ) Net Loss $ (330,000 ) $ (858,000 ) The following table details the allocation of assets included in the accompanying balance sheet at January 31, 2022: Canada Mexico Total Cash and cash equivalents $ 184,000 $ 32,000 $ 216,000 Other receivables 17,000 — 17,000 Prepaid expenses and deposits 74,000 4,000 78,000 Investments 670,000 — 670,000 Value-added tax receivable, net — 120,000 120,000 Office and mining equipment, net — 159,000 159,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 945,000 $ 7,393,000 $ 8,338,000 The following table details the allocation of assets included in the accompanying balance sheet 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 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 Three Months Ended January 31, 2022 2021 Exploration and property holding costs for the year Mexico $ (114,000 ) $ (58,000 ) Kazakhstan — (286,000 ) $ (114,000 ) $ (344,000 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 18 – SUBSEQUENT EVENTS On February 17, 2022, the Company granted options to acquire 3,150,000 shares of common stock with an exercise price of $CDN 0.32 per share of common stock. On February 17, 2022, the Company issued 507,814 shares of common stock at an average of $0.25 per share of common stock as payment of accrued management bonuses. On March 3, 2022, the Company granted options to acquire 150,000 shares of common stock with an exercise price of $CDN 0.32 per share of common stock.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements Adopted in the Three-Month Period Ended January 31, 2022	Recent Accounting Pronouncements Adopted in the Three-Month Period Ended January 31, 2022 On November 1, 2021, the Company adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Updated (“ASU”) 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.” ASU 2020-01 is effective for interim and annual periods beginning after December 15, 2020. 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. 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 (Table

SOUTH32 OPTION AGREEMENT (Tables)	3 Months Ended
	Jan. 31, 2022
Other Commitments [Abstract]
Schedule of Consolidated Assets and Liabilities of Subsidiaries	The combined approximate carrying amount of the assets and liabilities of Minera Metalin (consolidated with its wholly-owned subsidiary) are as follows at January 31, 2022: Assets: Mexico Cash and cash equivalents $ 33,000 Value-added tax receivable, net 120,000 Prepaid expenses and deposits 4,000 Office and mining equipment, net 159,000 Property concessions 5,020,000 Total assets $ 5,336,000 Liabilities: Accounts payable $ 23,000 Accrued liabilities and expenses 63,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option​​ 3,727,000 Total liabilities $ 3,813,000 Net advances and investment in the Company’s Mexican subsidiary $ 1,523,000

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Jan. 31, 2022
Noncontrolling Interest [Abstract]
Schedule of Retained Interest Arras Accounted of Fair Value Method	On December 6, 2021, the Company sold 600,000 common shares of Arras at a price of $CDN 1.00 per share for proceeds of $469,484 ($CDN 600,000). As of January 31, 2022, the Company retained 852,162 Arras shares, or approximately 1.7% (October 31, 2021: 3.0%) of the outstanding Arras common shares. A summary of the changes in investments for the year ended October 31, 2021 and the three months ended January 31, 2022 is as follows: 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 Sale of investment (469,484 ) Foreign currency translation adjustment (27,599 ) Equity security – January 31, 2022 $ 669,687

VALUE-ADDED TAX RECEIVABLE (Tab

VALUE-ADDED TAX RECEIVABLE (Tables)	3 Months Ended
	Jan. 31, 2022
VALUE-ADDED TAX RECEIVABLE [Abstract]
Summary of the Changes in the Allowance for Uncollectible Taxes	A summary of the changes in the allowance for uncollectible VAT for the three months ended January 31, 2022 is as follows: Allowance for uncollectible VAT – October 31, 2021 $ 420,982 Provision for VAT receivable allowance 6,435 Foreign currency translation adjustment (4,901 ) Allowance for uncollectible VAT – January 31, 2022 $ 422,516

OFFICE AND MINING EQUIPMENT (Ta

OFFICE AND MINING EQUIPMENT (Tables)	3 Months Ended
	Jan. 31, 2022
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 January 31, 2022 and October 31, 2021, respectively: January 31, October 31, 2022 2021 Mining equipment $ 396,153 $ 396,153 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 47,597 836,220 836,220 Less: Accumulated depreciation (677,323 ) (672,080 ) Office and mining equipment, net $ 158,897 $ 164,140

PROPERTY CONCESSIONS (Tables)

PROPERTY CONCESSIONS (Tables)	3 Months Ended
	Jan. 31, 2022
PROPERTY CONCESSIONS [Abstract]
Summary of Property Concessions	The following is a summary of the Company’s property concessions for the Sierra Mojada Property as at January 31, 2022 and October 31, 2021: Property concessions – January 31, 2022 and October 31, 2021 $ 5,019,927

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the Goodwill Balance	The following is a summary of the Company’s goodwill balance as at January 31, 2022 and October 31, 2021: Goodwill – January 31, 2022 and October 31, 2021 $ 2,058,031

LOAN PAYABLE (Tables)

LOAN PAYABLE (Tables)	3 Months Ended
	Jan. 31, 2022
Recovery Of Provision For Uncollectible Value Added Taxes
Schedule of Loan Payable	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 prior to the Initial Term date. An income will be recognized in the period when the CEBA loan is forgiven. Loan payable – October 31, 2021 $ 48,450 Foreign currency translation adjustment (1,276 ) Loan payable – January 31, 2022 $ 47,174

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	3 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following is a summary of stock option activity for the three months ended January 31, 2022: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2021 43,750 $ 1.35 1.30 $ — Outstanding at January 31, 2022 43,750 1.35 1.05 $ — Exercisable at January 31, 2022 43,750 $ 1.35 1.05 $ —
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Summarized information about stock options outstanding and exercisable at January 31, 2022 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 $ 1.35 43,750 1.05 $ 1.35 43,750 $ 1.35

WARRANTS (Tables)

WARRANTS (Tables)	3 Months Ended
	Jan. 31, 2022
Warrants and Rights Note Disclosure [Abstract]
Summary of Warrants Activity	A summary of warrant activity for the three months ended January 31, 2022 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding and exercisable at October 31, 2021 1,971,289 $ 0.59 3.99 $ — Outstanding and exercisable at January 31, 2022* 1,971,289 $ 0.59 3.74 $ —
Summary of Warrants Outstanding and Exercisable by Price Range	Summarized information about warrants outstanding and exercisable at January 31, 2022 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 3.74 $ 0.59

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Schedule of Net Income (Loss) by Segment	Geographic information is approximately as follows: For the Three Months Ended January 31, 2022 2021 Net loss Canada $ (213,000 ) $ (514,000 ) Mexico (117,000 ) (58,000 ) Kazakhstan — (286,000 ) Net Loss $ (330,000 ) $ (858,000 )
Schedule of the Allocation of Assets by Segment	The following table details the allocation of assets included in the accompanying balance sheet at January 31, 2022: Canada Mexico Total Cash and cash equivalents $ 184,000 $ 32,000 $ 216,000 Other receivables 17,000 — 17,000 Prepaid expenses and deposits 74,000 4,000 78,000 Investments 670,000 — 670,000 Value-added tax receivable, net — 120,000 120,000 Office and mining equipment, net — 159,000 159,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 945,000 $ 7,393,000 $ 8,338,000 The following table details the allocation of assets included in the accompanying balance sheet 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
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 Three Months Ended January 31, 2022 2021 Exploration and property holding costs for the year Mexico $ (114,000 ) $ (58,000 ) Kazakhstan — (286,000 ) $ (114,000 ) $ (344,000 )

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) - USD ($)	Dec. 06, 2021	Sep. 24, 2021	Mar. 19, 2021	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020	Aug. 12, 2020
Accumulated deficit				$ 134,556,098	$ 134,226,099
Cash and cash equivalents				$ 216,436	$ 189,607	$ 862,575	$ 1,861,518
Beskauga Property [Member]
Ownership interest acquired								100.00%
Stock issued during period, shares			36,000,000
Arras [Member]
Stock issued during period, shares	600,000	34,547,838
Company Retained [Member]
Stock issued during period, shares		1,452,162		852,162
Interest of common shares		4.00%		1.70%	3.00%

SOUTH32 OPTION AGREEMENT (Narra

SOUTH32 OPTION AGREEMENT (Narrative) (Details) - USD ($)	Jun. 01, 2018	Apr. 30, 2019	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Property concessions funding				$ 72,286
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
Mexican subsidiaries maximum loss exposure			$ 5,250,000
South32 Limited [Member] | 1 year [Member]
Contribution of minimum exploration fund	3,000,000
South32 Limited [Member] | 2 year [Member]
Contribution of minimum exploration fund	6,000,000
Property concessions funding					$ 82,670	$ 1,100,731	$ 319,430
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 ($)	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020
Assets:
Cash and cash equivalents	$ 216,436	$ 189,607	$ 862,575	$ 1,861,518
Value-added tax receivable, net		120,810
Prepaid expenses and deposits	78,298	196,178
Office and mining equipment, net	158,897	164,140
Property concessions	5,019,927	5,019,927
TOTAL ASSETS	8,337,771	8,922,770
Liabilities:
Accounts payable	179,484	465,865
Accrued liabilities and expenses	356,111	324,454
TOTAL LIABILITIES	584,769	839,769
Net advances and investment in the Company's Mexican subsidiaries	7,753,002	$ 8,083,001
Minera Metalin and Contratistas [Member]
Assets:
Cash and cash equivalents	33,000
Value-added tax receivable, net	120,000
Prepaid expenses and deposits	4,000
Office and mining equipment, net	159,000
Property concessions	5,020,000
TOTAL ASSETS	5,336,000
Liabilities:
Accounts payable	23,000
Accrued liabilities and expenses	63,000
Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option	3,727,000
TOTAL LIABILITIES	3,813,000
Net advances and investment in the Company's Mexican subsidiaries	$ 1,523,000

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details)	Dec. 06, 2021USD ($)shares	Dec. 06, 2021CAD ($)$ / sharesshares	Sep. 24, 2021shares	Mar. 19, 2021shares	Jan. 31, 2022shares	Oct. 31, 2021	Aug. 12, 2020
Noncontrolling Interest [Line Items]
Proceeds from shares sold | $	$ 469,484
Beskauga Property [Member]
Noncontrolling Interest [Line Items]
Ownership interest acquired							100.00%
Stock issued during period, shares				36,000,000
Arras [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares	600,000	600,000	34,547,838
Proceeds from shares sold | $		$ 600,000
Per share price | $ / shares		$ 1
Exchange of shares				36,000,000
Company Retained [Member]
Noncontrolling Interest [Line Items]
Stock issued during period, shares			1,452,162		852,162
Interest of common shares			4.00%		1.70%	3.00%

INVESTMENTS AND NON-CONTROLLING

INVESTMENTS AND NON-CONTROLLING INTEREST (Schedule of Retained Interest Arras Accounted ofFair Value Method) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Noncontrolling Interest [Abstract]
Equity security - October 31, 2020	$ 1,166,770
Carrying value of investment on deconsolidation		75,817
Gain on investment		1,090,953
Sale of investment	(469,484)
Foreign currency translation adjustment	(27,599)
Equity security - October 31, 2021	$ 669,687	$ 1,166,770

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - shares	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Earnings Per Share [Abstract]
Anti-dilutive shares, stock options and warrants	2,015,039	4,015,039

VALUE-ADDED TAX RECEIVABLE (Nar

VALUE-ADDED TAX RECEIVABLE (Narrative) (Details) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
VALUE-ADDED TAX RECEIVABLE [Abstract]
Value-added tax receivable, Noncurrent	$ 119,581

VALUE-ADDED TAX RECEIVABLE (Sum

VALUE-ADDED TAX RECEIVABLE (Summary of the Changes in the Allowance for Uncollectible Taxes) (Details)	3 Months Ended
	Jan. 31, 2022USD ($)
VALUE-ADDED TAX RECEIVABLE [Abstract]
Allowance for uncollectible VAT - October 31, 2021	$ 420,982
Provision for VAT receivable allowance	6,435
Foreign currency translation adjustment	(4,901)
Allowance for uncollectible VAT - January 31, 2022	$ 422,516

OFFICE AND MINING EQUIPMENT (De

OFFICE AND MINING EQUIPMENT (Details) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 836,220	$ 836,220
Less: Accumulated depreciation	(677,323)	(672,080)
Office and mining equipment, net	158,897	164,140
Mining equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	396,153	396,153
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 (Details)

PROPERTY CONCESSIONS (Details) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
PROPERTY CONCESSIONS [Abstract]
Property concessions - January 31, 2022 and October 31, 2021	$ 5,019,927	$ 5,019,927

GOODWILL (Summary of the Goodwi

GOODWILL (Summary of the Goodwill Balance) (Details) - USD ($)	Jan. 31, 2022	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill - January 31, 2022 and October 31, 2021	$ 2,058,031	$ 2,058,031

LOAN PAYABLE (Narrative) (Detai

LOAN PAYABLE (Narrative) (Details) - Canada Emergency Business Account Loan [Member]	1 Months Ended			3 Months Ended
	Jan. 31, 2022USD ($)	Jan. 31, 2021CAD ($)	Jun. 30, 2020CAD ($)	Jan. 31, 2022USD ($)	Jan. 31, 2022CAD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020CAD ($)
Debt Instrument [Line Items]
Loan received	$ 15,615			$ 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
Extended term	the repayment deadline for CEBA loan to qualify for loan forgiveness had been extended to December 31, 2023.

LOAN PAYABLE (Schedule of Loan

LOAN PAYABLE (Schedule of Loan Payable) (Details)	3 Months Ended
	Jan. 31, 2022USD ($)
Recovery Of Provision For Uncollectible Value Added Taxes
Loan payable - October 31, 2021	$ 48,450
Foreign currency translation adjustment	(1,276)
Loan payable - January 31, 2022	$ 47,174

COMMON STOCK (Details)

COMMON STOCK (Details) - USD ($)	Dec. 06, 2021	Nov. 09, 2020	Jan. 31, 2022
Class of Stock [Line Items]
Proceeds from issuance of common stock	$ 469,484
Two-tranche private placement [Member]
Class of Stock [Line Items]
Stock issued during period, shares		319,000
Equity issuance, price per share		$ 0.47
Proceeds from issuance of common stock		$ 149,930
Offering costs		$ 6,780
Conversion basis description			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”).
Stock price per share		$ 0.59

STOCK OPTIONS (Narrative) (Deta

STOCK OPTIONS (Narrative) (Details)	3 Months Ended
	Jan. 31, 2022shares
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	2 years
Contractual term for options	5 years
2019 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan	3,750,000
Shares outstanding reserved for issuance upon the exercise of options or the grant of stock bonuses percentage	10.00%

STOCK OPTIONS (Summary of Stock

STOCK OPTIONS (Summary of Stock Option Activity) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Shares
Outstanding	43,750	43,750
Exercisable at January 31, 2022	43,750
Weighted Average Exercise Price
Outstanding	$ 1.35	$ 1.35
Exercisable at January 31, 2022	$ 1.35
Weighted Average Remaining Contractual Life (Years), Outstanding	1 year 18 days	1 year 3 months 18 days
Weighted Average Remaining Contractual Life (Years), Exercisable at January 31, 2022	1 year 18 days
Aggregate intrinsic value, Outstanding
Aggregate intrinsic value, Exercisable at January 31, 2022

STOCK OPTIONS (Summarized Infor

STOCK OPTIONS (Summarized Information of Stock Options Outstanding and Exercisable) (Details)	3 Months Ended
	Jan. 31, 2022$ / sharesshares
Share-based Payment Arrangement [Abstract]
Minimum exercise price	$ 1.35
Number of options outstanding | shares	43,750
Weighted Average Remaining Contractual Life (Years)	1 year 18 days
Options Outstanding - Weighted Average Exercise Price	$ 1.35
Number Exercisable | shares	43,750
Options Exercisable - Weighted Average Exercise Price	$ 1.35

WARRANTS (Narrative) (Details)

WARRANTS (Narrative) (Details) - $ / shares	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2022
Private Placement [Member]
Class of Warrant or Right [Line Items]
Number of warrants issued	159,500
Exercise price of warrants	$ 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 ($)	3 Months Ended		12 Months Ended
	Jan. 31, 2022		Oct. 31, 2021
Weighted Average Exercise Price
Weighted Average Remaining Contractual Life (Years), Outstanding and Exercisable	1 year 18 days
Warrant [Member]
Shares
Outstanding and exercisable	1,971,289	[1]	1,971,289
Weighted Average Exercise Price
Outstanding and exercisable	$ 0.59	[1]	$ 0.59
Weighted Average Remaining Contractual Life (Years), Outstanding and Exercisable	3 years 8 months 26 days	[1]	3 years 11 months 26 days
Aggregate Intrinsic Value		[1]
[1]	Pursuant to the terms of the Separation and Distribution Agreement, dated as of August 31, 2021, between Silver Bull and Arras entered into in connection with 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)	3 Months Ended
	Jan. 31, 2022$ / sharesshares
Warrants and Rights Note Disclosure [Abstract]
Exercise Price	$ 0.59
Warrants and Exercisable Outstanding | shares	1,971,289
Weighted Average Remaining Contractual Life (Years)	3 years 8 months 26 days
Weighted Average Exercise Price, Outstanding	$ 0.59

FINANCIAL INSTRUMENTS (Narrativ

FINANCIAL INSTRUMENTS (Narrative) (Details)	3 Months Ended
	Jan. 31, 2022USD ($)	Jan. 31, 2022CAD ($)	Oct. 31, 2021USD ($)
Value of total cash accounts held in Mexico and Gabon	$ 33,107		$ 10,239
Effect of a 1% decrease in interest rates on interest income	6
CDN [Member]
Cash balance insured by CDIC per financial institution		$ 100,000
Cash balances not insured	$ 104,707		$ 98,671

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Royalty) (Details) - Sierra Mojada Property Concession [Member] $ in Thousands	Jan. 31, 2022USD ($)
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	3 Months Ended
	Feb. 15, 2016	Jan. 31, 2022
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 ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Segment Reporting Information [Line Items]
Net Loss	$ (329,999)	$ (858,394)
Canada [Member]
Segment Reporting Information [Line Items]
Net Loss	(213,000)	(514,000)
Mexico [Member]
Segment Reporting Information [Line Items]
Net Loss	(117,000)	(58,000)
Kazakhstan [Member]
Segment Reporting Information [Line Items]
Net Loss		$ (286,000)

SEGMENT INFORMATION (Schedule_2

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) - USD ($)	Jan. 31, 2022	Oct. 31, 2021	Oct. 31, 2020
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 216,000	$ 190,000
Value-added tax receivable, net		120,810
Other receivables	16,914	7,307
Prepaid expenses and deposits	78,298	196,178
Investments	669,687	1,166,770
Office and mining equipment, net	158,897	164,140
Property concessions	5,019,927	5,019,927
Goodwill	2,058,031	2,058,031
TOTAL ASSETS	8,337,771	8,922,770
Canada [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	184,000	180,000
Value-added tax receivable, net
Other receivables	17,000	3,000
Prepaid expenses and deposits	74,000	96,000
Investments	670,000	1,167,000
Office and mining equipment, net
Property concessions
Goodwill
TOTAL ASSETS	945,000	1,370,000
Mexico [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	32,000	10,000
Value-added tax receivable, net	120,000	121,000
Other receivables		4,000
Prepaid expenses and deposits	4,000	100,000
Investments
Office and mining equipment, net	159,000	164,000
Property concessions	5,020,000	5,020,000
Goodwill	2,058,000	2,058,000
TOTAL ASSETS	$ 7,393,000	$ 7,477,000

SEGMENT INFORMATION (Schedule_3

SEGMENT INFORMATION (Schedule of Allocation of Exploration and Property Holding Costs for Exploration Properties) (Details) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	$ (113,531)	$ (344,474)
Mexico [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	(114,000)	(58,000)
Kazakhstan [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period		$ (286,000)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	Mar. 03, 2022$ / sharesshares	Feb. 17, 2022$ / shares$ / sharesshares
Subsequent Event [Line Items]
Stock issued during period, shares | shares		507,814
Average Share price per share | $ / shares		$ 0.25
Options exercised during the period | shares	150,000	3,150,000
CDN [Member]
Subsequent Event [Line Items]
Exercise price of options granted | $ / shares	$ 0.32	$ 0.32