Silver Bull Resources (SVBL) 10-Q 13 Sep 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jul. 31, 2022	Sep. 12, 2022
Document Information Line Items
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Trading Symbol	None
Document Type	10-Q
Current Fiscal Year End Date	--10-31
Entity Common Stock, Shares Outstanding		35,055,652
Amendment Flag	false
Entity Central Index Key	0001031093
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jul. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-33125
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 1605
Entity Address, City or Town	Vancouver, B.C.
Entity Address, Country	CA
Entity Address, Postal Zip Code	V7Y 1K4
City Area Code	(604)
Local Phone Number	-687-5800
Security Exchange Name	NONE
Title of 12(b) Security	None
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2022	Oct. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 631,932	$ 189,607
Value-added tax receivable, net of allowance for uncollectible taxes of $420,982 (Note 7)		120,810
Other receivables	1,829	7,307
Prepaid expenses and deposits	19,128	196,178
Investments (Note 5)		1,166,770
Total Current Assets	652,889	1,680,672
Value-added tax receivable, net of allowance for uncollectible taxes of $435,107 (Note 7)	122,536
Office and mining equipment, net (Note 8)	148,491	164,140
Property concessions (Note 9)	5,019,927	5,019,927
Goodwill (Note 10)		2,058,031
TOTAL ASSETS	5,943,843	8,922,770
CURRENT LIABILITIES
Accounts payable	144,121	465,865
Accrued liabilities and expenses	179,845	324,454
Due to related party	437
Income tax payable	3,000	1,000
Total Current Liabilities	327,403	791,319
Loan payable (Note 11)	46,787	48,450
TOTAL LIABILITIES	374,190	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, 35,055,652 and 34,547,838 shares issued and outstanding, respectively	2,418,415	2,413,337
Additional paid-in capital	140,177,960	139,803,515
Accumulated deficit	(137,118,970)	(134,226,099)
Other comprehensive income	92,248	92,248
Total Stockholders’ Equity	5,569,653	8,083,001
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 5,943,843	$ 8,922,770

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Statement of Financial Position [Abstract]
Net of allowance for uncollectible taxes, current (in Dollars)	$ 420,982
Net of allowance for uncollectible taxes, non-current (in Dollars)	$ 435,107
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	35,055,652	34,547,838
Common stock, shares outstanding	35,055,652	34,547,838

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs	104,767	424,886	266,548	885,860
Depreciation (Note 8)	4,923	15,360	15,649	37,844
Goodwill impairment (Note 10)			2,058,031
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	109,690	440,246	2,340,228	923,704
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel	87,959	192,508	367,610	622,470
Office and administrative	60,809	97,040	192,031	327,251
Professional services	18,287	321,062	136,839	723,643
Directors’ fees	37,325	101,363	126,195	294,048
Provision for (recovery of) uncollectible value-added taxes (Note 7)	2,181	(1,199)	11,483	10,075
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	206,561	710,774	834,158	1,977,487
LOSS FROM OPERATIONS	(316,251)	(1,151,020)	(3,174,386)	(2,901,191)
OTHER INCOME (EXPENSES)
Interest income	3,608	7	3,619	87
Other income	1,050		1,050
Foreign currency transaction (loss) gain	(1,772)	(8,333)	(20,127)	16,721
Gain on investment (Note 5)	301,493		301,493
TOTAL OTHER INCOME (EXPENSES)	304,379	(8,326)	286,035	16,808
LOSS BEFORE INCOME TAXES	(11,872)	(1,159,346)	(2,888,351)	(2,884,383)
INCOME TAX EXPENSE	3,020	1,013	4,520	4,550
NET LOSS	(14,892)	(1,160,359)	(2,892,871)	(2,888,933)
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS		(95,669)		(142,945)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (14,892)	$ (1,064,690)	$ (2,892,871)	$ (2,745,988)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in Dollars per share)	$ 0	$ (0.03)	$ (0.08)	$ (0.09)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES (in Shares)	35,055,652	33,954,929	34,852,898	33,705,785

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in Dollars per share)	$ 0	$ (0.03)	$ (0.08)	$ (0.09)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES (in Shares)	35,055,652	33,954,929	34,852,898	33,705,785

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) - USD ($)	Other Comprehensive Income [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Non-Controlling Interests [Member]	Total
Balance at Oct. 31, 2020	$ 92,248	$ 2,399,518	$ 138,613,286	$ (132,019,148)		$ 9,085,904
Balance (in Shares) at Oct. 31, 2020		33,165,945
Earn-in option agreement (Note 4)			82,670			82,670
- 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
- for cash at a price of $0.47 per share with attached warrants, less offering costs of $6,780 (Note 12) (in Shares)		319,000
- for cash at a price of Canadian Dollar (“$CDN”) 1.00 per share, less offering costs of $14,628 (Note 12)		$ 5,000	385,723			390,723
- for cash at a price of Canadian Dollar (“$CDN”) 1.00 per share, less offering costs of $14,628 (Note 12) (in Shares)		500,000
- for cashless exercise of options (Notes 12 and 13)		$ 3,424	(3,424)
- for cashless exercise of options (Notes 12 and 13) (in Shares)		342,422
Changes in interests in subsidiary					1,980,557	1,980,557
- Stock-based compensation for options issued to directors, officers, employees and advisors (Note 13)			430,868			430,868
Net loss				(2,745,988)	(142,945)	(2,888,933)
Balance at Jul. 31, 2021	92,248	$ 2,411,132	139,649,083	(134,765,136)	1,837,612	9,224,939
Balance (in Shares) at Jul. 31, 2021		34,327,367
Balance at Apr. 30, 2021	92,248	$ 2,404,998	139,139,503	(133,700,446)	1,935,430	9,871,733
Balance (in Shares) at Apr. 30, 2021		33,713,931
- for cash at a price of Canadian Dollar (“$CDN”) 1.00 per share, less offering costs of $14,628 (Note 12)		$ 5,000	385,723			390,723
- for cash at a price of Canadian Dollar (“$CDN”) 1.00 per share, less offering costs of $14,628 (Note 12) (in Shares)		500,000
- for cashless exercise of options (Notes 12 and 13)		$ 1,134	(1,134)
- for cashless exercise of options (Notes 12 and 13) (in Shares)		113,436
Changes in interests in subsidiary					(2,149)	(2,149)
- Stock-based compensation for options issued to directors, officers, employees and advisors (Note 13)			124,991			124,991
Net loss				(1,064,690)	(95,669)	(1,160,359)
Balance at Jul. 31, 2021	92,248	$ 2,411,132	139,649,083	(134,765,136)	$ 1,837,612	9,224,939
Balance (in Shares) at Jul. 31, 2021		34,327,367
Balance at Oct. 31, 2021	92,248	$ 2,413,337	139,803,515	(134,226,099)		8,083,001
Balance (in Shares) at Oct. 31, 2021		34,547,838
Issuance of common stock as follows: -for compensation at $0.25 per share (Note 12)		$ 5,078	123,016			128,094
Issuance of common stock as follows: -for compensation at $0.25 per share (Note 12) (in Shares)		507,814
- Stock-based compensation for options issued to directors, officers, employees and advisors (Note 13)			251,429			251,429
Net loss				(2,892,871)		(2,892,871)
Balance at Jul. 31, 2022	92,248	$ 2,418,415	140,177,960	(137,118,970)		5,569,653
Balance (in Shares) at Jul. 31, 2022		35,055,652
Balance at Apr. 30, 2022	92,248	$ 2,418,415	140,123,611	(137,104,078)		5,530,196
Balance (in Shares) at Apr. 30, 2022		35,055,652
- Stock-based compensation for options issued to directors, officers, employees and advisors (Note 13)			54,349			54,349
Net loss				(14,892)		(14,892)
Balance at Jul. 31, 2022	$ 92,248	$ 2,418,415	$ 140,177,960	$ (137,118,970)		$ 5,569,653
Balance (in Shares) at Jul. 31, 2022		35,055,652

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) (Parentheticals) - USD ($)	3 Months Ended	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2021	Jul. 31, 2022
Statement of Stockholders' Equity [Abstract]
Issuance of common stock compensation			$ 0.25
Equity issuance, price per share	$ 0.47	$ 0.47
Offering costs incurred (in Dollars)		$ 6,780
Equity issuance Canadian Dollar, price per share	$ 1	$ 1
Offering costs incurred Canadian Dollar (in Dollars)	$ 14,628	$ 14,628

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,892,871)	$ (2,888,933)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	15,649	37,844
Goodwill impairment (Note 10)	2,058,031
Provision for uncollectible value-added taxes	11,483	10,075
Foreign currency transaction loss (income)	21,893	(8,408)
Stock options issued for compensation (Note 12)	251,429	430,868
Shares of common stock issued for services (Note 12)	128,094
Realized share of net gain of investment (Note 5)	(301,493)
Changes in operating assets and liabilities:
Value-added tax receivable	(12,186)	(26,923)
Income tax receivable		481
Other receivables	4,456	(6,417)
Prepaid expenses and deposits	170,822	95,266
Accounts payable	(302,712)	125,998
Accrued liabilities and expenses	(142,256)	103,082
Due to related party	437
Income tax payable	2,000	(4,000)
Net cash used in operating activities	(987,224)	(2,131,067)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of investments, net of costs (Note 5)	1,434,113
Purchase of equipment		(82,034)
Loan receivable		(1,694,500)
Net cash provided by (used in) investing activities	1,434,113	(1,776,534)
CASH FLOWS FROM FINANCING ACTIVITIES:
Property concessions funding (Note 4)		82,670
Proceeds from loan financing (Note 11)		15,615
Proceeds from issuance of common stock, net of offering costs (Note 12)		542,870
Proceeds from issuance of common stock of subsidiary, net of offering costs		2,001,244
Net cash provided by financing activities		2,642,399
Effect of exchange rates on cash and cash equivalents	(4,564)	8,261
Net increase (decrease) in cash and cash equivalents	442,325	(1,256,941)
Cash and cash equivalents beginning of period	189,607	1,861,518
Cash and cash equivalents end of period	631,932	604,577
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid	2,499	8,237
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITY:
Arras Private Placement costs included in accounts payable and accrued liabilities		20,687
2021 Private Placement costs included in accounts payable and accrued liabilities		$ 8,997

ORGANIZATION, DESCRIPTION OF BU

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	9 Months Ended
	Jul. 31, 2022
Accounting Policies [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 34,547 ,838 Arras shares in total. Upon completion of the distribution, the Company retained 1,452,162 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. Going Concern Since its inception in November 1993, the Company has not generated revenue and has incurred an accumulated deficit of $137,118,970. 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 July 31, 2022, the Company had cash and cash equivalents of approximately $632,000. 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 the exercising of warrants by warrantholders. 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	9 Months Ended
	Jul. 31, 2022
Accounting Policies [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 nine months ended July 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	9 Months Ended
	Jul. 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 Nine-Month Period Ended July 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. Recent Accounting Pronouncements Not Yet Adopted In March 2022, the FASB issued ASU 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method” which is intended to make amendments to the fair value hedge accounting previously issued in ASU 2017-12 “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The new standard will be effective for reporting periods beginning after December 15, 2022. The standard introduced the portfolio layer method allowing multiple hedged layers of a single closed portfolio when applying fair value hedge accounting. 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	9 Months Ended
	Jul. 31, 2022
Equity Method Investments and Joint Ventures [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 was able to obtain an option to purchase 70% of the shares of Minera Metalin and Contratistas (the “South32 Option”). 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 was to be generally extended by a period equal to the period of delay caused by the event of force majeure. On August 31, 2022, the South32 Option Agreement was mutually terminated by South32 and the Company (Note 18). As of September 12, 2022, the blockade by Mineros Norteños at, on and around the Sierra Mojada Property is ongoing. 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 could have earned 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 was to 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 was made on a quarterly basis based on the subsequent quarter’s exploration budget. South32 was able to 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 was subject to antitrust approval by the Mexican government. If the full amount of the Subscription Payment had been advanced by South32 and the South32 Option became exercisable and was exercised, the Company and South32 would have been obligated to contribute funding to Minera Metalin on a 30/70 pro rata basis. If South32 elected not to continue with the South32 Option during the four-year option period, the Sierra Mojada Project would remain 100% owned by the Company. The exploration program was 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 was extended by the event of force majeure as described above. As of July 31, 2022, the Company had received cumulative funding of $4,646,994 under the South32 Option Agreement. During the nine months ended July 31, 2022, the Company received $ nil Upon exercise of the South32 Option, Minera Metalin would have been 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 determined that Minera Metalin is a variable interest entity and that the South32 Option Agreement did not resulted in the transfer of control of the Sierra Mojada Project to South32. The Company also determined that the South32 Option Agreement represented 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 had been exercised and shares were issued prior to a decision to develop a mine, such shares would have been classified as temporary equity as they would have been contingently redeemable in exchange for a net smelter royalty under circumstances that were not wholly in control of the Company or South32 and were not probable. No portion of the equity value had been classified as temporary equity as the South32 Option had no intrinsic value. The combined approximate carrying amount of the assets and liabilities of Minera Metalin (consolidated with its wholly-owned subsidiary) are as follows at July 31, 2022: Assets: Mexico Cash and cash equivalents $ 4,000 Value-added tax receivable, net 123,000 Prepaid expenses and deposits 4,000 Office and mining equipment, net 148,000 Property concessions 5,020,000 Total assets $ 5,296,000 Liabilities: Accounts payable $ 7,000 Accrued liabilities and expenses 59,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option 3,868,000 Total liabilities $ 3,934,000 Net advances and investment in the Company’s Mexican subsidiary $ 1,362,000 The Company’s maximum exposure to loss at July 31, 2022 is $5,230,000, which includes the carrying value of the variable interest entity’s net assets, excluding the payable to Silver Bull Resources, Inc.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Jul. 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 1,452,262 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. 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). On June 15, 2022, the Company sold the remaining 852,262 common shares of Arras at a price of $CDN 1.50 per share for gross proceeds of $994,704 ($CDN 1,278,393) and incurred broker costs of $30,075 in relation to the sale. A summary of the changes in investments for the year ended October 31, 2021 and the nine months ended July 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, net of costs (1,434,113 ) Gain on investment 301,493 Foreign currency translation adjustment (34,150 ) Equity security – July 31, 2022 $ — 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	9 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
NET LOSS PER SHARE	N OTE 6 – NET LOSS PER SHARE The Company had stock options and warrants outstanding at July 31, 2022 and 2021 that upon exercise were issuable into 5,165,039 and 3,130,664 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	9 Months Ended
	Jul. 31, 2022
Disclosure Of 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 $122,536 (October 31, 2021 - $120,810) 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 July 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 nine months ended July 31, 2022 is as follows: Allowance for uncollectible VAT – October 31, 2021 $ 420,982 Provision for VAT receivable allowance 11,483 Foreign currency translation adjustment 2,642 Allowance for uncollectible VAT – July 31, 2022 $ 435,107

OFFICE AND MINING EQUIPMENT

OFFICE AND MINING EQUIPMENT	9 Months Ended
	Jul. 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 July 31, 2022 and October 31, 2021, respectively: July 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 (687,729 ) (672,080 ) Office and mining equipment, net $ 148,491 $ 164,140

PROPERTY CONCESSIONS

PROPERTY CONCESSIONS	9 Months Ended
	Jul. 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 July 31, 2022 and October 31, 2021: Property concessions – July 31, 2022 and October 31, 2021 $ 5,019,927 If the blockade at Sierra Mojada Project continues then further impairment of property concessions is possible.

GOODWILL

GOODWILL	9 Months Ended
	Jul. 31, 2022
Goodwill [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. fair value of the reporting unit is less than its carrying amount, The following is a summary of the Company’s goodwill balance as of July 31, 2022 and October 31, 2021: Goodwill – October 31, 2021 $ 2,085,031 Impairment (2,085,031 ) Goodwill – July 31, 2022 $ —

LOAN PAYABLE

LOAN PAYABLE	9 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
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 (1,663 ) Loan payable – July 31, 2022 $ 46,787

COMMON STOCK

COMMON STOCK	9 Months Ended
	Jul. 31, 2022
Stockholders' Equity Note [Abstract]
COMMON STOCK	NOTE 12 – 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 in the amount of $128,094 ($CDN 162,500). Following shareholder approval, the Company amended its articles of incorporation on April 20, 2021 to increase the number of authorized shares of common stock from 37,500,000 to 150,000,000. On June 28, 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). 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 two-tranche private placement (the “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 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 Silver Bull Private Placement of $6,780. Subscribers of the second and final tranche of the Silver Bull Private Placement included management for a total 319,000 Units and gross proceeds of $149,930.

STOCK OPTIONS

STOCK OPTIONS	9 Months Ended
	Jul. 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”). The 2019 Plan was amended on April 19, 2022 (the “Amended 2019 Plan”). Under the Amended 2019 Plan, 10% of the total shares outstanding are reserved for issuance upon the exercise of options or the grant of stock bonuses, to a maximum of 15,000,000 shares. 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. During the nine months period ended July 31, 2022, the Company granted options to acquire 3,300,000 shares of common stock with a weighted-average grant-date fair value of $0.14 per share. No options were exercised during the nine months ended July 31, 2022. 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 during the nine months ended July 31, 2021. The following is a summary of stock option activity for the nine months ended July 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 $ — Granted 3,300,000 0.25 — — Cancelled (150,000 ) 0.25 — — Outstanding at July 31, 2022 3,193,750 0.27 4.50 — Exercisable at July 31, 2022 1,093,750 $ 0.29 4.40 $ — The Company recognized stock-based compensation costs for stock options of $251,429 and $430,868 for the nine months ended July 31, 2022 and 2021, respectively. As of July 31, 2022, there was $184,661 of total unrecognized compensation expense, which is expected to be recognized over a weighted average period of 0.6 years Summarized information about stock options outstanding and exercisable at July 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 $ 0.25 3,150,000 4.56 $ 0.25 1,050,000 $ 0.25 1.34 43,750 0.55 1.34 43,750 1.34

WARRANTS

WARRANTS	9 Months Ended
	Jul. 31, 2022
Warrants Disclosure Abstract
WARRANTS	NOTE 14 – A summary of warrant activity for the nine months ended July 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 July 31, 2022* 1,971,289 0.59 3.25 — * 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. No warrants were issued or exercised during the nine months ended July 31, 2022. During the nine months ended July 31, 2021, the Company issued 159,500 warrants with an exercise price of $0.59 in connection with the Silver Bull Private Placement. No warrants were exercised during the nine months ended July 31, 2021. Summarized information about warrants outstanding and exercisable at July 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 3.25 $ 0.59

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Jul. 31, 2022
Goodwill [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, due to related party and loan payable. The carrying amounts of cash and cash equivalents, investment, accounts payable and due to related party approximate fair value at July 31, 2022 and October 31, 2021 due to the short maturities of these financial instruments. Loan payable is 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. 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 July 31, 2022, and October 31, 2021, the Company’s cash and cash equivalent balances held in Canadian financial institutions included $549,711 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 July 31, 2022, and October 31, 2021, the U.S. dollar equivalent balance for these accounts was $4,242 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 nine months ended July 31, 2022, a 1% decrease in interest rates would have resulted in a reduction of approximately $63 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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jul. 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. Despite the judgments in favour of the Company, Mineros Norteños has continued to block access to the facilities at Sierra Mojada since September 2019. The Company has filed criminal complaints with the State of Coahuila, federal and state authorities have been contacted to intervene and terminate the blockade, as well as attempt to negotiate with Mineros Norteños, without resolution to date. The Company has not accrued any amounts in its interim condensed consolidated financial statements with respect to this claim. 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 favour of the plaintiff. The Company believes these judgments are contrary to applicable law. The plaintiff initiated proceedings to enforce the Appeals Court resolution and the Company has offered a mining concession as a payment in full to terminate this controversy definitively. 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	9 Months Ended
	Jul. 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 For the Three Months Ended For the Nine Months Ended July 31, July 31, 2022 2021 2022 2021 Mexico (110,000 ) $ (203,000 ) $ (2,344,000 ) $ (306,000 ) Kazakhstan — (190,000 ) — (618,000 ) Canada 95,000 (767,000 ) (549,000 ) (1,965,000 ) Net Loss (15,000 ) $ (1,160,000 ) $ (2,893,000 ) $ (2,889,000 ) The following table details the allocation of assets included in the accompanying balance sheet at July 31, 2022: Canada Mexico Total Cash and cash equivalents $ 628,000 $ 4,000 $ 632,000 Other receivables 2,000 — 2,000 Prepaid expenses and deposits 15,000 4,000 19,000 Value-added tax receivable, net — 123,000 123,000 Office and mining equipment, net — 148,000 148,000 Property concessions — 5,020,000 5,020,000 $ 645,000 $ 5,299,000 $ 5,944,000 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 For the Nine Months Ended July 31, July 31, 2022 2021 2022 2021 Exploration and property holding costs for the period Mexico (110,000 ) $ (203,000 ) $ (2,340,000 ) $ (306,000 ) Kazakhstan — (237,000 ) — (618,000 ) (110,000 ) $ (440,000 ) $ (2,340,000 ) $ (924,000 )

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Jul. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 18 – SUBSEQUENT EVENT On August 31, 2022, the Company and South32 mutually agreed to terminate the South32 Option Agreement. The Sierra Mojada Project remains 100% owned by the Company.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements Adopted in the Nine-Month Period Ended July 31, 2022	Recent Accounting Pronouncements Adopted in the Nine-Month Period Ended July 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.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In March 2022, the FASB issued ASU 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method” which is intended to make amendments to the fair value hedge accounting previously issued in ASU 2017-12 “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The new standard will be effective for reporting periods beginning after December 15, 2022. The standard introduced the portfolio layer method allowing multiple hedged layers of a single closed portfolio when applying fair value hedge accounting. 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 (Table

SOUTH32 OPTION AGREEMENT (Tables)	9 Months Ended
	Jul. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Consolidated Assets and Liabilities of Subsidiaries	Assets: Mexico Cash and cash equivalents $ 4,000 Value-added tax receivable, net 123,000 Prepaid expenses and deposits 4,000 Office and mining equipment, net 148,000 Property concessions 5,020,000 Total assets $ 5,296,000 Liabilities: Accounts payable $ 7,000 Accrued liabilities and expenses 59,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option 3,868,000 Total liabilities $ 3,934,000 Net advances and investment in the Company’s Mexican subsidiary $ 1,362,000

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Jul. 31, 2022
Noncontrolling Interest [Abstract]
Schedule of Retained Interest Arras Accounted of Fair Value Method	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, net of costs (1,434,113 ) Gain on investment 301,493 Foreign currency translation adjustment (34,150 ) Equity security – July 31, 2022 $ —

VALUE-ADDED TAX RECEIVABLE (Tab

VALUE-ADDED TAX RECEIVABLE (Tables)	9 Months Ended
	Jul. 31, 2022
Disclosure Of Value Added Tax Receivable Abstract
Schedule of the Changes in the Allowance for Uncollectible Taxes	Allowance for uncollectible VAT – October 31, 2021 $ 420,982 Provision for VAT receivable allowance 11,483 Foreign currency translation adjustment 2,642 Allowance for uncollectible VAT – July 31, 2022 $ 435,107

OFFICE AND MINING EQUIPMENT (Ta

OFFICE AND MINING EQUIPMENT (Tables)	9 Months Ended
	Jul. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of office and mining equipment	July 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 (687,729 ) (672,080 ) Office and mining equipment, net $ 148,491 $ 164,140

PROPERTY CONCESSIONS (Tables)

PROPERTY CONCESSIONS (Tables)	9 Months Ended
	Jul. 31, 2022
Schedule of property concessions [Abstract]
Schedule of property concessions	Property concessions – July 31, 2022 and October 31, 2021 $ 5,019,927

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Jul. 31, 2022
Goodwill [Abstract]
Schedule of goodwill	Goodwill – October 31, 2021 $ 2,085,031 Impairment (2,085,031 ) Goodwill – July 31, 2022 $ —

LOAN PAYABLE (Tables)

LOAN PAYABLE (Tables)	9 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
Schedule of Loan Payable	Loan payable – October 31, 2021 $ 48,450 Foreign currency translation adjustment (1,663 ) Loan payable – July 31, 2022 $ 46,787

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	9 Months Ended
	Jul. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	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 $ — Granted 3,300,000 0.25 — — Cancelled (150,000 ) 0.25 — — Outstanding at July 31, 2022 3,193,750 0.27 4.50 — Exercisable at July 31, 2022 1,093,750 $ 0.29 4.40 $ —
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Options Outstanding Options Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.25 3,150,000 4.56 $ 0.25 1,050,000 $ 0.25 1.34 43,750 0.55 1.34 43,750 1.34

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Jul. 31, 2022
Warrants Disclosure Abstract
Schedule of warrant activity	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 July 31, 2022* 1,971,289 0.59 3.25 — * 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.
Schedule of warrants outstanding and exercisable	Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.59 1,971,289 3.25 $ 0.59

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Schedule of geographic information	For the Three Months Ended For the Nine Months Ended July 31, July 31, 2022 2021 2022 2021 Mexico (110,000 ) $ (203,000 ) $ (2,344,000 ) $ (306,000 ) Kazakhstan — (190,000 ) — (618,000 ) Canada 95,000 (767,000 ) (549,000 ) (1,965,000 ) Net Loss (15,000 ) $ (1,160,000 ) $ (2,893,000 ) $ (2,889,000 )
Schedule of the allocation of assets by segment	Canada Mexico Total Cash and cash equivalents $ 628,000 $ 4,000 $ 632,000 Other receivables 2,000 — 2,000 Prepaid expenses and deposits 15,000 4,000 19,000 Value-added tax receivable, net — 123,000 123,000 Office and mining equipment, net — 148,000 148,000 Property concessions — 5,020,000 5,020,000 $ 645,000 $ 5,299,000 $ 5,944,000 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 the exploration properties	For the Three Months Ended For the Nine Months Ended July 31, July 31, 2022 2021 2022 2021 Exploration and property holding costs for the period Mexico (110,000 ) $ (203,000 ) $ (2,340,000 ) $ (306,000 ) Kazakhstan — (237,000 ) — (618,000 ) (110,000 ) $ (440,000 ) $ (2,340,000 ) $ (924,000 )

ORGANIZATION, DESCRIPTION OF _2

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details) - USD ($)	1 Months Ended
	Sep. 24, 2021	Mar. 19, 2021	Jul. 31, 2022	Aug. 12, 2020
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details) [Line Items]
Accumulated deficit (in Dollars)			$ 137,118,970
Cash and cash equivalents (in Dollars)			$ 632,000
Beskauga Property [Member]
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details) [Line Items]
Ownership interest acquired				100%
Stock issued during period, shares		36,000,000
Arras [Member]
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details) [Line Items]
Stock issued during period, shares	34,547,838
Company Retained [Member]
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details) [Line Items]
Stock issued during period, shares	1,452,162

SOUTH32 OPTION AGREEMENT (Detai

SOUTH32 OPTION AGREEMENT (Details) - USD ($)		1 Months Ended	9 Months Ended	12 Months Ended
	Jun. 01, 2018	Apr. 30, 2019	Jul. 31, 2022	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Payment received
Options agreement, description			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.
South32 Limited [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Property concessions funding	$ 3,144,163		$ 1,502,831
Payment received		$ 6,000,000	4,646,994
Mexican subsidiaries maximum loss exposure			$ 5,230,000
South32 Limited [Member] | Year 1 [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Contribution of minimum exploration fund	3,000,000
South32 Limited [Member] | Year 2 [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Contribution of minimum exploration fund	6,000,000
Property concessions funding				$ 82,670	$ 1,100,731	$ 319,430
South32 Limited [Member] | Year 3 [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Contribution of minimum exploration fund	8,000,000
South32 Limited [Member] | Year 4 [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Contribution of minimum exploration fund	$ 10,000,000
Minera Metalin [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Option to purchase percentage	70%
Contribution to acquired shares	$ 100,000,000
South32 Limited [Member]
SOUTH32 OPTION AGREEMENT (Details) [Line Items]
Option to purchase percentage	100%

SOUTH32 OPTION AGREEMENT (Det_2

SOUTH32 OPTION AGREEMENT (Details) - Schedule of Consolidated Assets and Liabilities of Subsidiaries - Minera Metalin and Contratistas [Member]	Jul. 31, 2022 USD ($)
SOUTH32 OPTION AGREEMENT (Details) - Schedule of Consolidated Assets and Liabilities of Subsidiaries [Line Items]
Cash and cash equivalents	$ 4,000
Value-added tax receivable, net	123,000
Prepaid expenses and deposits	4,000
Office and mining equipment, net	148,000
Property concessions	5,020,000
Total assets	5,296,000
Accounts payable	7,000
Accrued liabilities and expenses	59,000
Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the South32 Option	3,868,000
Total liabilities	3,934,000
Net advances and investment in the Company’s Mexican subsidiary	$ 1,362,000

INVESTMENTS (Details)

INVESTMENTS (Details)					1 Months Ended
	Jul. 15, 2022 USD ($) shares	Jul. 15, 2022 CAD ($) shares	Dec. 06, 2021 USD ($) shares	Dec. 06, 2021 CAD ($) $ / shares shares	Sep. 24, 2021 shares	Mar. 19, 2021 shares	Aug. 12, 2020
INVESTMENTS (Details) [Line Items]
Per share (in Dollars per share) | $ / shares				$ 1
Proceeds from shares sold			$ 469,484	$ 600,000
Broker costs (in Dollars) | $	$ 30,075
Beskauga Property [Member]
INVESTMENTS (Details) [Line Items]
Interest rate							100%
Common shares						36,000,000
Arras [Member]
INVESTMENTS (Details) [Line Items]
Common shares					34,547,838
Company Retained [Member]
INVESTMENTS (Details) [Line Items]
Common shares					1,452,162
Company share					1,452,262
Interest of common shares					4%
Proceeds from shares sold	$ 994,704	$ 1,278,393
Common Stock [Member] | Arras [Member]
INVESTMENTS (Details) [Line Items]
Common shares			600,000	600,000
Common Stock [Member] | Company Retained [Member]
INVESTMENTS (Details) [Line Items]
Common shares	852,262	852,262

INVESTMENTS (Details) - Schedul

INVESTMENTS (Details) - Schedule of Retained Interest Arras Accounted of Fair Value Method - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2022	Oct. 31, 2021
Schedule Of Retained Interest Arras Accounted Of Fair Value Method Abstract
Equity security	$ 1,166,770
Carrying value of investment on deconsolidation		75,817
Gain on investment	301,493	1,090,953
Foreign currency translation adjustment	(34,150)
Equity security		$ 1,166,770
Sale of investment	$ (1,434,113)

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - shares	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Earnings Per Share [Abstract]
Anti-dilutive shares, stock options and warrants	5,165,039	3,130,664

VALUE-ADDED TAX RECEIVABLE (Det

VALUE-ADDED TAX RECEIVABLE (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Disclosure Of Value Added Tax Receivable Abstract
Value-added tax	$ 122,536
Value-added tax		$ 120,810

VALUE-ADDED TAX RECEIVABLE (D_2

VALUE-ADDED TAX RECEIVABLE (Details) - Schedule of the Changes in the Allowance for Uncollectible Taxes	9 Months Ended
	Jul. 31, 2022 USD ($)
Schedule Of The Changes In The Allowance For Uncollectible Taxes Abstract
Allowance for uncollectible VAT – October 31, 2021	$ 420,982
Provision for VAT receivable allowance	11,483
Foreign currency translation adjustment	2,642
Allowance for uncollectible VAT – July 31, 2022	$ 435,107

OFFICE AND MINING EQUIPMENT (De

OFFICE AND MINING EQUIPMENT (Details) - Schedule of office and mining equipment - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 836,220	$ 836,220
Less: Accumulated depreciation	(687,729)	(672,080)
Office and mining equipment, net	148,491	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) - Schedule of property concessions - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Schedule of property concessions [Abstract]
Property concessions – July 31, 2022 and October 31, 2021	$ 5,019,927	$ 5,019,927

GOODWILL (Details)

GOODWILL (Details)	9 Months Ended
	Jul. 31, 2022 USD ($)
Goodwill [Abstract]
Goodwill impairment	$ 2,085,031

GOODWILL (Details) - Schedule o

GOODWILL (Details) - Schedule of goodwill - Goodwill [Member]	9 Months Ended
	Jul. 31, 2022 USD ($)
Goodwill [Line Items]
Goodwill at beginning	$ 2,085,031
Impairment	(2,085,031)
Goodwill at ending

LOAN PAYABLE (Details)

LOAN PAYABLE (Details)	1 Months Ended			9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021 CAD ($)	Jun. 30, 2020 CAD ($)	Jul. 31, 2022	Jan. 31, 2021 USD ($)	Jan. 31, 2021 CAD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2020 CAD ($)
LOAN PAYABLE (Details) [Line Items]
Loan received					$ 15,615		$ 29,531
CEBA Loan [Member]
LOAN PAYABLE (Details) [Line Items]
Loan received						$ 20,000		$ 40,000
Maturity date	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2022
Repayment under initial term		$ 60,000	$ 30,000
Principal amount forgiven		$ 20,000	$ 10,000
Interest rate		5%		5%
Additional loan					50%	50%
CEBA Loan [Member] | Minimum [Member]
LOAN PAYABLE (Details) [Line Items]
Maturity date			Jan. 01, 2023
CEBA Loan [Member] | Maximum [Member]
LOAN PAYABLE (Details) [Line Items]
Maturity date			Dec. 31, 2025
Additional Loan Forgivable [Member] | CEBA Loan [Member]
LOAN PAYABLE (Details) [Line Items]
Maturity date		Dec. 31, 2025

LOAN PAYABLE (Details) - Schedu

LOAN PAYABLE (Details) - Schedule of Loan Payable	9 Months Ended
	Jul. 31, 2022 USD ($)
Schedule Of Loan Payable Abstract
Loan payable – October 31, 2021	$ 48,450
Foreign currency translation adjustment	(1,663)
Loan payable – July 31, 2022	$ 46,787

COMMON STOCK (Details)

COMMON STOCK (Details)

1 Months Ended

9 Months Ended

Dec. 06, 2021 USD ($)

Dec. 06, 2021 CAD ($) $ / shares

Feb. 02, 2021 shares

Nov. 09, 2020 USD ($) $ / shares shares

Jun. 28, 2021 USD ($) shares

Jun. 28, 2021 CAD ($)

Jun. 15, 2021 shares

Jul. 31, 2022 shares

Feb. 17, 2022 USD ($) $ / shares shares

Feb. 17, 2022 CAD ($) shares

Oct. 31, 2021 shares

Jul. 31, 2021 $ / shares

Apr. 20, 2021 shares

COMMON STOCK (Details) [Line Items]

Issued shares

507,814

507,814

Average price per share (in Dollars per share) | $ / shares

$ 0.25

Accrued bonuses

$ 128,094

$ 162,500

Common stock, shares authorize

150,000,000

150,000,000

Shares of common stock

35,055,652

34,547,838

Gross proceeds

$ 405,351

$ 500,000

Other offering costs (in Dollars) | $

$ 14,628

Options outstanding during the period

509,375

375,000

3,193,750

43,750

Options exercised during the period

228,986

113,436

Options cancelled during the period

280,389

261,564

Purchase price per unit (in Dollars per share) | $ / shares

$ 0.47

Gross proceeds (in Dollars)

$ 469,484

$ 600,000

Stock price per share (in Dollars per share) | $ / shares

$ 1

Offering costs (in Dollars) | $

$ 6,780

Minimum [Member]

COMMON STOCK (Details) [Line Items]

Common stock, shares authorize

37,500,000

Maximum [Member]

COMMON STOCK (Details) [Line Items]

Common stock, shares authorize

150,000,000

Private Placement [Member]

COMMON STOCK (Details) [Line Items]

Stock issued during period, shares

319,000

Gross proceeds (in Dollars) | $

$ 149,930

Common Stock [Member]

COMMON STOCK (Details) [Line Items]

Shares of common stock

500,000

Two-tranche private placement [Member]

COMMON STOCK (Details) [Line Items]

Stock issued during period, shares

319,000

Purchase price per unit (in Dollars per share) | $ / shares

$ 0.47

Gross proceeds (in Dollars) | $

$ 149,930

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 (in Dollars per share) | $ / shares

$ 0.59

STOCK OPTIONS (Details)

STOCK OPTIONS (Details)		1 Months Ended	9 Months Ended
	Feb. 02, 2021 USD ($) $ / shares shares	Jun. 15, 2021 USD ($) $ / shares shares	Jul. 31, 2022 USD ($) $ / shares shares	Jul. 31, 2021 USD ($)
STOCK OPTIONS (Details) [Line Items]
Vesting period for plan			2 years
Contractual term for options			5 years
Options exercised during the period (in Shares) | shares			3,300,000
Weighted-average grant date fair value of options granted during period | (per share)	$ 0.6	$ 1.03	$ 0.14
Exercise price of options granted (in Shares) | shares	509,375	375,000
Intrinsic value | $	$ 194,630	$ 136,815
Recognized stock based compensation costs | $			$ 251,429	$ 430,868
Unrecognized compensation expense | $			$ 184,661
Recognized weighted average period			7 months 6 days
2019 Plan [Member]
STOCK OPTIONS (Details) [Line Items]
Shares outstanding reserved for issuance upon the exercise of options or the grant of stock bonuses percentage			10%
The number of shares authorized under the plan (in Shares) | shares			15,000,000

STOCK OPTIONS (Details) - Sched

STOCK OPTIONS (Details) - Schedule of Stock Option Activity	9 Months Ended
	Jul. 31, 2022 USD ($) $ / shares shares
Schedule Of Stock Option Activity Abstract
Shares, Outstanding | shares	43,750
Weighted Average Exercise Price, Outstanding | $ / shares	$ 1.35
Weighted Average Remaining Contractual Life (Years), Outstanding	1 year 3 months 18 days
Aggregate Intrinsic Value, Outstanding | $
Shares, Granted | shares	3,300,000
Weighted Average Exercise Price, Granted | $ / shares	$ 0.25
Shares, Cancelled | shares	(150,000)
Weighted Average Exercise Price, Cancelled | $ / shares	$ 0.25
Shares, Outstanding | shares	3,193,750
Weighted Average Exercise Price, Outstanding | $ / shares	$ 0.27
Weighted Average Remaining Contractual Life (Years), Outstanding	4 years 6 months
Shares, Exercisable | shares	1,093,750
Weighted Average Exercise Price, Exercisable | $ / shares	$ 0.29
Weighted Average Remaining Contractual Life (Years), Exercisable	4 years 4 months 24 days
Aggregate Intrinsic Value, Exercisable | $

STOCK OPTIONS (Details) - Sch_2

STOCK OPTIONS (Details) - Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	9 Months Ended
	Jul. 31, 2022 $ / shares shares
0.25 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options Outstanding, Exercise price	$ 0.25
Options outstanding, Number Outstanding (in Shares) | shares	3,150,000
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	4 years 6 months 21 days
Options Outstanding, Weighted Average Exercise Price (in Shares) | shares	1,050,000
Options Exercisable, Number Exercisable	$ 0.25
Options Exercisable, Weighted Average Exercise Price	0.25
1.35 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options Outstanding, Exercise price	$ 1.34
Options outstanding, Number Outstanding (in Shares) | shares	43,750
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	6 months 18 days
Options Outstanding, Weighted Average Exercise Price (in Shares) | shares	43,750
Options Exercisable, Number Exercisable	$ 1.34
Options Exercisable, Weighted Average Exercise Price	$ 1.34

WARRANTS (Details)

WARRANTS (Details) - $ / shares	1 Months Ended	9 Months Ended
	Aug. 31, 2021	Jul. 31, 2022		Oct. 31, 2021
Private Placement [Member]
WARRANTS (Details) [Line Items]
Number of warrants issued (in Shares)	1,971,289	159,500
Exercise price of warrants	$ 0.59	$ 0.59
Warrant [Member]
WARRANTS (Details) [Line Items]
Exercise price of warrants	$ 0.34	$ 0.59	[1]	$ 0.59
[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 (Details) - Schedule o

WARRANTS (Details) - Schedule of warrant activity - Warrant [Member] - USD ($)		9 Months Ended
	Oct. 31, 2021	Jul. 31, 2022	[1]	Aug. 31, 2021
Class of Warrant or Right [Line Items]
Shares Outstanding and exercisable	1,971,289	1,971,289
Weighted Average Exercise Price Outstanding and exercisable	$ 0.59	$ 0.59		$ 0.34
Weighted Average Remaining Contractual Life Outstanding and exercisable	3 years 11 months 26 days	3 years 3 months
Aggregate Intrinsic Value Outstanding and exercisable
[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 (Details) - Schedule_2

WARRANTS (Details) - Schedule of warrants outstanding and exercisable	9 Months Ended
	Jul. 31, 2022 $ / shares shares
Schedule Of Warrants Outstanding And Exercisable Abstract
Exercise Price	$ 0.59
Number Outstanding (in Shares) | shares	1,971,289
Weighted Average Remaining Contractual Life (Years)	3 years 3 months
Weighted Average Exercise Price	$ 0.59

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details)	9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2022 CAD ($)	Oct. 31, 2021 USD ($)
FINANCIAL INSTRUMENTS (Details) [Line Items]
Cash balances not insured	$ 4,242		$ 10,239
Decrease in interest rates	1%	1%
Effect of a 1% decrease in interest rates on interest income	$ 63
CDN [Member]
FINANCIAL INSTRUMENTS (Details) [Line Items]
Cash balance insured by CDIC (in Dollars)		$ 100,000
Cash balances not insured	$ 549,711		$ 98,671

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Oct. 01, 2020	Feb. 15, 2016	May 20, 2014
Commitments and Contingencies Disclosure [Abstract]
Net smelter return royalty	2%
Total payments	$ 6,875
Interest rate per annum				6%
Agreement payment amount		$ 5,000	$ 5,900

SEGMENT INFORMATION (Details) -

SEGMENT INFORMATION (Details) - Schedule of geographic information - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
SEGMENT INFORMATION (Details) - Schedule of geographic information [Line Items]
Net Loss	$ (15,000)	$ (1,160,000)	$ (2,893,000)	$ (2,889,000)
Mexico [Member]
SEGMENT INFORMATION (Details) - Schedule of geographic information [Line Items]
Net Loss	(110,000)	(203,000)	(2,344,000)	(306,000)
Kazakhstan [Member]
SEGMENT INFORMATION (Details) - Schedule of geographic information [Line Items]
Net Loss		(190,000)		(618,000)
Canada [Member]
SEGMENT INFORMATION (Details) - Schedule of geographic information [Line Items]
Net Loss	$ 95,000	$ (767,000)	$ (549,000)	$ (1,965,000)

SEGMENT INFORMATION (Details)_2

SEGMENT INFORMATION (Details) - Schedule of the allocation of assets by segment - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	$ 632,000	$ 190,000
Other receivables	2,000	7,000
Prepaid expenses and deposits	19,000	196,000
Investments		1,167,000
Value-added tax receivable, net	123,000	121,000
Office and mining equipment, net	148,000	164,000
Property concessions	5,020,000	5,020,000
Goodwill		2,058,000
Total assets	5,944,000	8,923,000
Canada [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	628,000	180,000
Other receivables	2,000	3,000
Prepaid expenses and deposits	15,000	96,000
Investments		1,167,000
Value-added tax receivable, net
Office and mining equipment, net
Property concessions
Goodwill
Total assets	645,000	1,370,000
Mexico [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	4,000	10,000
Other receivables		4,000
Prepaid expenses and deposits	4,000	100,000
Investments
Value-added tax receivable, net	123,000	121,000
Office and mining equipment, net	148,000	164,000
Property concessions	5,020,000	5,020,000
Goodwill		2,058,000
Total assets	$ 5,299,000	$ 7,477,000

SEGMENT INFORMATION (Details)_3

SEGMENT INFORMATION (Details) - Schedule of allocation of exploration and property holding costs for the exploration properties - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Exploration and property holding costs for the period
Exploration and property holding costs for the period	$ (110,000)	$ (440,000)	$ (2,340,000)	$ (924,000)
Mexico [Member]
Exploration and property holding costs for the period
Exploration and property holding costs for the period	(110,000)	(203,000)	(2,340,000)	(306,000)
Kazakhstan [Member]
Exploration and property holding costs for the period
Exploration and property holding costs for the period		$ (237,000)		$ (618,000)

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details)	Aug. 31, 2022
Subsequent Event [Member]
SUBSEQUENT EVENT (Details) [Line Items]
Owned percentage	100%