Warrants (Tables)

6 Months Ended

Apr. 30, 2025

Warrants [Abstract]

Schedule of Warrant Activity

A summary of warrant activity for the six months ended April 30, 2025 is as follows:

Warrants	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding and exercisable at October 31, 2024		7,813,788		$	0.23		3.24	$	—
Exercised		(21,500	)		0.59
Outstanding and exercisable at April 30, 2025*		7,792,288		$	0.22		2.75	$	99,692

* Pursuant to the Distribution Agreement (the “Distribution”), dated as of August 31, 2021, between Silver Bull and Arras entered into in connection with the Distribution, 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 retain $0.34 of the proceeds from the exercise of each of these warrants and the remaining $0.25 per share of the proceeds will be paid to Arras to compensate for the issuance of Arras common shares.

Schedule of Warrants Outstanding and Exercisable

Summarized information about warrants outstanding and exercisable at April 30, 2025 is as follows:

	Warrants Outstanding and Exercisable
	Exercise Price	Number Outstanding	Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
$	0.59*	1,949,789	0.50	$	0.59
	0.09**	5,842,499	3.50		0.09
$	0.22	7,729,288	2.75	$	0.22

** During the year ended October 31, 2023, the Company issued 5,842,499 warrants with an exercise price of Canadian dollar (“$CDN”) $0.13 in connection with the $CDN 0.11 Unit private placement. The Company’s $CDN warrants have been recognized as a derivative liability as the currency denomination of the exercise price is different from the functional currency of the Company.

Schedule of Company’s Warrant Derivative Liability

The following is a summary of the Company’s warrant derivative liability at April 30, 2025:

Warrant derivative liability at October 31, 2024	$	89,580
Foreign currency translation adjustment		1,923
Change in fair value of warrant derivative liability		43,589
Warrant derivative liability at April 30, 2025	$	135,092

The following is a summary of the Company’s warrant derivative liability at April 30, 2024:

Warrant derivative liability at October 31, 2023	$	78,088
Foreign currency translation adjustment		927
Change in fair value of warrant derivative liability		66,041
Warrant derivative liability at April 30, 2024	$	145,056