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

Core Points - Honey Badger Silver Inc. has successfully closed a non-brokered private placement of flow-through common shares, raising gross proceeds of $1,500,000 through the issuance of 4,838,710 common shares at a price of $0.31 per share [1][2] - The proceeds from the offering will be utilized for exploration expenses that qualify as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures," to be incurred by December 31, 2026, with renouncement to subscribers by December 31, 2025 [2][4] - The company paid $90,000 in finder's fees and issued 290,322 non-transferable finder warrants, allowing holders to acquire common shares at $0.35 each for 18 months [3][4] Company Overview - Honey Badger Silver is a silver mining company with a leadership team experienced in value creation and a skilled technical team [5] - The company’s projects include the Sunrise Lake project with a historic resource of 12.8 million ounces (Moz) of silver and 201.3 million pounds of zinc, and the Clear Lake Project with a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc [5][6] - The company also holds significant land at the Nanisivik Mine Area, which produced over 20 Moz of silver from 1976 to 2002 [5][6]