Honey Badger Silver Announces Closing of Upsized Non-Brokered Private Placement Financing

Core Points - Honey Badger Silver Inc. has successfully closed a non-brokered private placement financing, raising a total of $630,205.92 through the issuance of 5,729,145 units at a price of $0.11 per unit due to strong investor demand [1] - The total gross proceeds from the company's financing efforts, including previous tranches, amount to approximately $3.081 million [2] - The net proceeds from the Additional Financing will be utilized for advancing the company's properties, purchasing silver royalties, and for general administrative purposes [3] Financial Details - The company paid aggregate cash finder's fees of $10,500 and issued 95,455 non-transferable finder's warrants, each exercisable at C$0.15 per share until January 23, 2027 [4] - The securities issued are subject to a four-month hold period under Canadian securities laws and require final approval from the TSX Venture Exchange [5] Company Overview - Honey Badger Silver is focused on silver mining, with projects located in historically rich mining areas, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver and the Clear Lake Project with a historic resource of 5.5 million ounces of silver [7][8] - The company has significant land holdings in the Nanisivik Mine Area, which produced over 20 million ounces of silver from 1976 to 2002 [7]