Honey Badger Silver Inc. advances a Canadian precious and critical minerals portfolio focused on silver projects in the Northwest Territories, Yukon and Nunavut. The company’s updates center on the Prairie Creek Silver Project, the Hy project, Sunrise Lake, Plata, Clear Lake and the past-producing Nanisivik Mine area, with recurring disclosures on historic silver, zinc and lead resources, exploration work and additional germanium, tungsten, indium, bismuth and copper potential.
Company news also covers research collaborations, analysis of historic drill core, exchange listings for the common shares, stock option grants, conference participation and management appointments. The shares trade in Canada on the TSX Venture Exchange under TUF and in the U.S. on the OTCQB under HBEIF.
Honey Badger Silver (HBEIF) has announced its participation in the upcoming 121 Mining Investment Conference in London, scheduled for May 12-13, 2025. The company's Executive Chairman and Interim CEO, Chad Williams, will present on the company's recent activities and future plans. The conference will feature over 110 mining companies and more than 650 sophisticated investors, offering pre-arranged one-on-one meetings and expert commentary on industry developments. Investors can register for free passes to attend the event.
Honey Badger Silver (TSXV:TUF)(OTCQB:HBEIF) has provided an update on its 100%-owned Plata project in Yukon Territory, adjacent to Snowline Gold Corp's Rogue discovery. The project is a past-producing high-grade silver property that yielded approximately 290,000 oz Ag from small-scale surface mining.
The company has identified new targets including: potential extension of the high-grade Aho zone eastward, possible mineralization along Plata and Rogue thrust faults, and potential for Reduced Intrusion Related Gold System (RIRGS) mineralization in newly staked claims. The Aho Zone has been traced for over 800 metres with drill results showing 711 g/t silver and 6.17% zinc over 1.52m.
In 2024, Honey Badger expanded the Plata property by adding 1,338 hectares over a magnetic low geophysical signature. The company plans to conduct focused field programs to advance the project toward discoveries.
Honey Badger Silver (TSXV:TUF)(OTCQB:HBEIF) announces leadership changes as CEO Dorian L. (Dusty) Nicol steps down, with Chairman Chad Williams assuming the role of Executive Chairman and Interim CEO. Nicol will remain as a Director and technical advisor.
The company owns 7 silver mineral assets, including the Sunrise Lake project with a historic resource of 12.8 Moz silver (Indicated) and 13.9 Moz silver (Inferred), the Plata high-grade silver project near Keno Hill, and the Clear Lake Project with a historic resource of 5.5 Moz silver. The company also holds significant land in the Nanisivik Mine Area, which historically produced over 20 Moz of silver.
Williams, founder and Chairman of Red Cloud Mining Capital, brings extensive capital markets experience, including roles at Victoria Gold Corp and TD Bank. As a large shareholder, he emphasizes the company's assets were acquired at attractive prices during lower silver market conditions.
Honey Badger Silver (OTCQB:HBEIF) has identified unmined silver mineralization at its 100%-owned Nanisivik project on Baffin Island, Nunavut. The company has discovered three priority targets: Deb, Ocean View North, and Area 14, containing significant silver-zinc mineralization outside previously mined areas.
The historic Nanisivik mine, which produced over 20 million ounces of silver between 1976-2002, left over 100 million tonnes of massive sulphide unmined due to low metal prices. Notable intersections include:
- Ocean View North: 97.6 g/t Ag and 22.79% Zn over 5.3m
- Deb Target: 290 g/t Ag and 43.0% Zn over 0.6m
- Area 14: 280.0 g/t Ag and 27.43% Zn over 2.3m
The project's potential has been enhanced by a recently constructed deep-water port nearby and significantly higher metal prices, with silver up 600% and zinc up 200% since the mine's closure. The company has expanded its mineral tenure to 14 claims covering 13,373.2 hectares.
Honey Badger Silver (HBEIF) has identified six high-priority exploration targets at its Yava Project in Nunavut, including two high-priority conductors (R-6 and R-9) on the Raptor claim block and four high-priority conductors (M-1, M-2, M-3, and M-6) on the main Yava claim block.
Notable findings include Conductor M-3, located 1.25km northwest of the Yava Main Zone, with a 500m strike length. Historical samples from this area showed significant mineralization, with one 2007 grab sample returning 4,960 ppm silver, 1.2 ppm gold, 3.5% lead, and 1.5% zinc. Another sample from 2004 near the Yava North Zone returned 3,452 ppm silver and 0.17 ppm gold.
The company believes these findings represent part of a significant volcanogenic massive sulphide footwall stringer zone, potentially extending from the Yava Main Zone. The project's location, 45 kilometers from Glencore's Hackett River project, suggests favorable geology for new discoveries.
Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) announced that shareholders approved all resolutions at their Annual General and Special Meeting on February 14, 2025. Key approvals include a new fixed equity incentive plan reserving 7,529,890 common shares (10% of outstanding shares) and the designation of Chad Williams as a Control Person.
Mr. Williams, who holds 27.1% of outstanding shares (20,373,599 shares), subscribed for 2,907,692 Units at $0.13 per Unit in a recent private placement. Each Unit includes one common share and one warrant at $0.16. If all his warrants and options were exercised, his ownership could reach 38.4% of outstanding shares.
The company's portfolio includes the Sunrise Lake project (historic resource: 12.8 Moz silver Indicated, 13.9 Moz Inferred), Clear Lake project (historic: 5.5 Moz silver), and holdings at the former Nanisivik Mine which produced over 20 Moz silver.