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Honey Badger Silver Inc. Company Data
| Introduction
| Projects in Hand
| Management
Honey Badger Silver is a silver company. The Company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Its projects are located in areas with a long history of mining, including the Sunrise Lake project in the Northwest Territories and the Plata high grade silver project and Clear Lake Project in the Yukon Territory. The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002. The Strategy Acquire quality ounces of silver in the ground for minimal cost due to current market conditions. Undertake selective exploration keeping cash expenses to a minimum. Vend the project to partners and retain a silver stream or royalty. Build a stable of silver royalties and streams as well as equity interests in partners. Northwest Territories Project Sunrise Lake Project Significant untapped exploration potential
Yukon Territory Projects Plata Project Exploration in a prolific camp
Clear Lake Project Clear Lake Deposit
Regional Exploration Hy Project
Groundhog Project
Nunavut Project Nanisivik Mine Area
Management, Directors, and Advisors Chad Williams, Non-Executive Chairman Has an extensive background in capital markets and business management. Founder and chairman of Red Cloud Mining Capital, Inc., Blue Thunder Mining Inc., and Sharechest. Serves on the board of the Golden Tag Resources Ltd. and Karora Resources Inc. Was one of the founders of both Agilith Capital Inc. and Westwind Capital Inc., as well as the former CEO of Victoria Gold Corp. and former Head of Mining Investment Banking at Blackmont Capital Inc. Dorian L. (Dusty) Nicol, Chief Executive Officer MIT-graduate geologist with over 47 years of experience worldwide in minerals exploration and mining. Has managed the construction, development and operation of open pit and underground gold mines in Nevada and in Sinaloa, Mexico. Has held senior corporate positions on several publicly listed companies, as a CEO, VP-Exploration, and Director. A Professional Geologist, a Chartered Geologist (UK), and a Fellow of the Australasian Institute of Mining and Metallurgy and of the Society of Economic Geologists. Dan O’Brien, Chief Financial Officer A member of the Institute of Chartered Professional Accountants of British Columbia and has 20 years’ experience working with public companies in the resource industry. Chief Financial Officer for a number of publicly listed exploration companies trading on the TSX-V exchange. Ben Meyer, Corporate Secretary Has over 10 years’ experience in corporate compliance for publicly listed mineral exploration companies. Has been a Paralegal since 2019. Michelle Savella, VP of Administration & Investor Relations Has over 25 years of experience in the brokerage and financial markets. Brian Briggs, P.E., Director John H. Hill, Director George Topping, Director Stephen Kibsey, Advisor Michael Jalonen, Advisor On October 02, 2024, Honey Badger Silver Inc. has purchased the Yava project located in Nunavut from Blue Moon Metals Inc. Pursuant to the purchase agreement, Blue Moon is receiving 4.25 million common shares of Honey Badger valued at eight cents per share. No other obligations by Honey Badger are required (no cash, no spending requirements nor any future payments). This consideration represents approximately 6.5 per cent of the total issued and outstanding shares of Honey Badger. The shares are subject to a hold period under applicable securities laws which ends on Feb. 2, 2025. Blue Moon has agreed not to resell the shares for 12 months following closing without the consent of the company. Honey Badger's chief executive officer, Dorian L. (Dusty) Nicol, commented: "The Yava project is an exciting addition to Honey Badger's growing portfolio of high-quality silver projects. We already have projects in Nunavut, NWT, and the Yukon and have experience operating in these areas. We are acquiring this project that contains 4.5 million ounces of silver at a price of approximately eight cents per ounce of silver in the historic resource. The millions of pounds of substantial strategic base metal inventory come at zero cost in that calculation. In addition to its historical resource, Yava has tremendous upside exploration potential. Its location, only 45 kilometres from Glencore's Hackett River project (which contains a huge silver resource, 105 million ounces indicated plus 184 million ounces inferred) and on the same mineralized belt, adds to the project's value. This is one more step in our strategy of acquiring accretive silver ounces and projects. We welcome Blue Moon as a shareholder." On September 30, 2024, The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,026,180 common shares at a deemed price of 10 cents per share to settle outstanding debt for $102,618. Number of creditors: two creditors On September 16, 2024, A detailed review of the recently acquired historic database of drilling and assays at Honey Badger Silver Inc.'s 100-per-cent-owned Nanisivik project in Nunavut has shown very encouraging results for silver mineralization in multiple areas that were not mined. The Nanisivik mine produced about 17.9 million tonnes of ore grading 9 per cent zinc, 0.72 per cent lead and 35 grams per tonne silver between 1976 and 2002. Honey Badger acquired its initial 5,723 hectares through staking in 2022. The company's chief executive officer, Dorian L. (Dusty) Nicol, commented: "We have identified multiple targets that host prospective areas of silver-bearing mineralization. This underscores our contention that the entire large project area has potential to host economic orebodies and merits further investigation. In addition to these newly identified areas of silver-bearing mineralization, our rationale for originally acquiring Nanisivik was that there is a very large (over 100 million tonnes) unmined, pyrite-rich massive sulphide zone containing silver that could be economic at today's commodity prices. Our target grade is 30 to 50 grams per tonne silver (roughly 1.0 to 1.5 ounces per ton). We will continue to evaluate this database to further define silver-bearing targets as well as detailed review of the geophysics database, likely using innovative AI [artificial intelligence] techniques similar to those that the company has been employing with great effect on its Plata project in the Yukon. "Our vision at Nanisivik is an eventual target resource of at least 100 million ounces of silver. The prospectivity is supported by large tonnages in multiple sulphide zones at Nanisivik with anomalous concentrations of silver and zinc as well as, locally, the potential for important critical metals germanium, gallium and indium. In addition, with a deep-sea port being constructed adjacent to the Nanisivik mine, the pyrite bodies themselves may have significant commercial value as a source of sulphur as global demand for sulphur is expected to increase dramatically. We will continue to evaluate the potential of Nanisivik to host economic mineralization, including commissioning an initial desktop study on the economic viability of the massive pyrite bodies." June 20, 2024, Honey Badger Silver Deploys A.I. Geophysical Tool at Flagship Plata Project, Targeting "Snowline Style" Mineralization. Honey Badger believes it has identified a “Snowline-style” geologic target at its Plata Project. May 28, 2024, Honey Badger Silver Comments on Press Coverage Respecting Former CEO https://honeybadgersilver.com/honey-badger-silver-comments-on-press-coverage-respecting-former-ceo/ May 16, 2024, Chad Williams Acquires Shares of Honey Badger Silver Inc. https://honeybadgersilver.com/chad-williams-acquires-shares-of-honey-badger-silver-inc/ May 2, 2024, Honey Badger announced that it has fortuitously acquired at no cost the historic drill database for its 100-per-cent-owned Nanisivik project which contains extremely valuable geologic information about the claims the Company now owns. https://honeybadgersilver.com/honey-badger-silver-secures-important-nanisivik-geologic-data-base/ April 24, 2024, Honey Badger Silver Appoints George Topping to Board, Michael Jalonen and Stephen Kibsey as Advisors and Grants Stock Options April 10, 2024, Honey Badger Closes $1.2-million Non-Brokered Private Placement https://honeybadgersilver.com/honey-badger-silver-closes-non-brokered-private-placement/ |
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