Honey Badger Non-Brokered Private Placement Upsized to C$2.25 Million on Strong Demand

Core Viewpoint - Honey Badger Silver Inc. has increased its non-brokered private placement offering from C$1.5 million to up to C$2.25 million due to strong investor interest, with the offering set to close around January 16, 2026, pending regulatory approval [1][3]. Group 1: Offering Details - The private placement will consist of up to 12,500,000 units priced at C$0.18 per unit, aiming for aggregate gross proceeds of approximately C$2.25 million [1]. - The net proceeds from the offering will be utilized to advance the company's silver projects and for general working capital purposes [2]. - The offering is subject to approval from the TSX Venture Exchange and will have a statutory hold period of four months plus one day for the issued securities [3]. Group 2: Insider Participation - An insider of the company plans to subscribe for approximately 2,777,778 units, contributing around C$500,000 to the offering, pending regulatory approvals [4]. - This insider subscription is classified as a "related party transaction" under Multilateral Instrument 61-101, but is expected to be exempt from formal valuation and minority shareholder approval requirements [4]. Group 3: Company Overview - Honey Badger Silver is focused on silver mining, with projects located in historically rich mining areas, including the Sunrise Lake project, which has a historic resource of 12.8 million ounces of silver at a grade of 262 grams per tonne [6][7]. - The company also holds the Clear Lake Project, which has an unclassified historic resource of 5.5 million ounces of silver at a grade of 22 grams per tonne, and significant land holdings at the Nanisivik Mine Area [6][8].