newspapers-folded-stacked.jpg

February 1, 2021

Toronto, Ontario – February 1, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to provide a message to shareholders from the Chairman and Interim CEO, Mr. Chad Williams regarding the Company’s recent progress and plans to create value for shareholders in 2021 and beyond.

“2020 was a transition year for the Company,” said Chad Williams. “We gained a complete new Board and management team. An equity offering was completed bringing new and notable investors to the Company. The Company further added to its dominant land position in the prolific Thunder Bay Silver District: our property portfolio now consists of 959 claims and 7 mining patents covering 12 past-producing, high-grade silver mines with aggregate historic production of 1.7 million ounces of silver encompassing approximately 20,000 hectares of ground (Figure 1).  We even added ‘Silver’ to our name to make sure our focus was unambiguous. As the owner of over 20% of the shares of TUF (fully diluted basis), I am very proud to state that the Company has never been better positioned to benefit from its substantial land position in what is a high-grade silver district that remains largely unexplored by modern exploration techniques.”

 

2021 Outlook

The Company has a two-pronged approach to add exposure to silver ounces on an accretive per-share basis:

  • finding additional silver resources on our existing properties by applying conventional and innovative mineral deposit targeting tools to its existing silver-rich claims in the Thunder Bay district.
  • by acquiring other assets in silver-rich districts around the world. Well over 30 such targets — appropriate in scale and scope for the company at the current time — have been reviewed in detail by your management team over the past few months. Like every mining company, our inability to visit certain mineral properties has slowed our progress somewhat but management remains convinced that a substantive and accretive acquisition can be announced in the very near term.

 

Honey Badger’s Historic Silver Advantage

The Company’s Thunder Bay Silver Project is located a short 20-minute drive from the City of Thunder Bay which serves as a hub for much of the mining and mineral exploration in northwestern Ontario.

The Thunder Bay Silver District is a prime setting for high-grade polymetallic silver (as well as cobalt, gold, zinc and lead) mineralization. Bonanza-grade silver veins were discovered in the 1840’s and over five million ounces of silver were produced up to 1900s when the price of silver crashed. Importantly, the district has geologic similarities to the world-class Cobalt Silver Camp in north-eastern Ontario, one of the most productive silver districts in the world with 442 million ounces of silver produced. Despite these similarities, since mining activities ceased in the late 1800’s, the Thunder Bay Silver District remains largely unexplored by modern exploration techniques.

A small and isolated diamond drilling program completed in the 1960s by Arjon Gold Mines Ltd. down-plunge of historic workings at the Beaver Mine, returned 1,239 g/t Ag over 1 metre (Arjon Gold Mines Ltd., 1963, Work Report No. 12, AFRI 52A05SE0027, 11p.). The Beaver Silver Mine is the third largest silver mine in the district which produced 500,000 ounces of silver at an average grade of 0.26% silver.  (Szetu, 1969)

Additional high-grade silver intercepts returned from Honey Badger’s 2018-2019 drill program at the historic Beaver vein workings, which remain open down plunge include:

  • BM-18-004: 921 g/t Ag over 1.4 m (new vein)
  • BM-18-006: 682 g/t Ag over 2.4 m, including 1,254 g/t Ag over 1. 2m
  • BM-19-014: 1,004 g/t Ag over 4.0 m (new vein) including 1,674 g/t Ag over 2.4 m
  • Hole BM-19-014 also intersected a second silver-bearing vein that returned 69.2 g/t silver over 1.8 m indicating likelihood of more silver veins in the vicinity of the Beaver Mine

 

Lateral extensions of a number of additional historic mine workings remain to be tested at the Beaver Silver Property, including the Stewardson Mine, Elgin Mine and Black Fox Mine.

 

About Honey Badger Silver Inc.

 

Honey Badger is a mineral exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver Project. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more information, please visit our website at http:// http://www.honeybadgerexp.com/ – .

Or contact:  Ms. Christina Slater at [email protected].

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


newspapers-folded-stacked.jpg

January 28, 2021

Toronto, Ontario – January 28, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce the appointment of Ms. Donna McLean as the Company’s Chief Financial Officer effective immediately.  Ms. McLean is an accomplished executive with over 30 years of financial reporting and corporate administration.

Ms. McLean has served as Chief Financial Officer and Controller for numerous publicly-traded and private companies including a number of mineral exploration companies.  She serves as Senior Accountant with Grove Corporate Services Ltd. (www.grovecorp.ca) that provides governance, accounting and administrative services to small-cap public and private companies in Canada. Ms. McLean also serves as Chief Financial Officer for Firestone Ventures Inc. and Avidian Gold Corp.

Chad Williams, Chairman and Interim CEO commented, “We are very pleased to welcome Donna to the Honey Badger team.  She brings a depth of experience in financial reporting and business management that will be of great benefit to our Company as we position for growth and value generation.”

Ms. McLean will be joined by Mr. Igor Zonenschein, Manager of Governance and Regulatory Affairs with Grove Corporate Services, who will be assuming the role of Corporate Secretary for the Company.

About Honey Badger Silver Inc.

Honey Badger is a mineral exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver Project. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more information, please visit our website at http://www.honeybadgerexp.com/.

Or contact:  Ms. Christina Slater at [email protected].

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


news2.jpg

January 25, 2021

Toronto, Ontario – January 25, 2021 – Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces that Mr. Chad Williams, the Company’s Chairman, has been appointed Interim Chief Executive Officer (CEO) effective immediately.

Mr. Williams has assumed the CEO position, on an interim basis, from Mr. Ed Baer who will be stepping down as the Company’s CEO.

Chad Williams commented, “On behalf of the Board, I would like to thank Ed for his dedication to the Company since joining last year and wish him all the best.  He leaves the Company well positioned with its extensive land holdings in Ontario’s prolific historic Thunder Bay Silver District and other accretive assets to drive long-term value for our shareholders.”

About Honey Badger Exploration Inc.

Honey Badger is a mineral exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver Project. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more information, please visit our website at http://www.honeybadgerexp.com.

Or contact:  Ms. Christina Slater at [email protected].

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


newspapers-folded-stacked.jpg

January 8, 2021

Toronto, Ontario, January 8, 2021 — Honey Badger Silver Inc. (TSXV: TUF) (“Honey Badger” or “the Company”) is pleased to announce the additional acquisition of 82 map registered cell claims, contiguous and to the west of its property holdings, within the prolific historic Thunder Bay Silver District.

The acquired claims bolster the Company’s dominant land position along Thunder Bay’s Mainland Silver Belt (refer to Figure 1). The Company’s operational land portfolio now consists of 959 cell claims and 7 mining patents, covers 12 past-producing high-grade silver mines with historic production of 1.7 million ounces of silver, and encompasses approximately 20,000 hectares of ground.

Figure 1: Map depicting Honey Badger’s Property, Thunder Bay Silver District

About Honey Badger Silver Inc.

Honey Badger is a Canadian-based silver focused company headquartered in Toronto, Ontario, that holds and operates a dominant 20,000-hectare land portfolio well positioned within Ontario’s prolific historic Thunder Bay Silver District. The Company’s primary focus is the acquisition, development, and integration of accretive transactions of silver ounces to enhance the Company’s portfolio of assets.

The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more detailed information, please contact Eduardo Baer, CEO, at +1 416 804 0512 or via his email at [email protected]

The Company is in the process of revising its website and will launch a new-look website January 2021.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

This news release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue”, or the negative of these terms or other comparable terminology. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.


news1.jpg

December 23, 2020

TORONTO, Dec. 23, 2020 — Honey Badger Silver Inc. (TSXV: TUF) (“Honey Badger” or the “Company”) announces that it will be retaining the services of a full-time CFO effective January 2021. This appointment will be in furtherance of its strategy as set out in its press release of November 30, 2020, to establish itself as a focused silver-based company with a portfolio of assets primarily in the Americas

The Company’s acting CFO to date, Fiona Fitzmaurice, will terminate her duties on December 23, 2020 in keeping with the understanding between Ms. Fitzmaurice and the Company. Ms. Fitzmaurice owns an accounting firm that specializes in accounting and financial control services for both private and publicly listed companies. The Company thanks Fiona for her diligence and efforts during her tenure with Honey Badger and wishes her great success in her future endeavours.

Honey Badger management continues to explore several opportunities that reflect our new strategic direction and intent to create value for shareholders by acquiring accretive silver ounces in the Americas with a view to advancing its plan throughout 2021.

About Honey Badger Silver Inc.

Honey Badger is a Canadian-based silver focused company headquartered in Toronto, Ontario, that controls a dominant 18,000 hectares land position in Ontario’s prolific historic Thunder Bay Silver District. The Company’s primary focus is the acquisition, development, and integration of accretive transactions of silver ounces to enhance the Company’s portfolio of assets.

The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more detailed information, please visit us at our Corporate Website at http://www.honeybadgerexp.com (The Company is in the process of revising its website and will launch a new-look website January 2021).

Or contact:

Eduardo Baer, CEO, at +1 416 804 0512 or via his email at [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

This news release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue”, or the negative of these terms or other comparable terminology. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.


news2.jpg

November 30, 2020

Toronto, Ontario – November 30, 2020 – Honey Badger Silver Inc. (TSXV: TUF) (“Honey Badger” or the “Company”) announces that it has filed its Consolidated Unaudited Financial Statements and Management Discussion and Analysis for the third quarter ended September 30, 2020, which are available under the company’s issuer profile on SEDAR at www.sedar.com.

The Company also advises that, further to its press release dated October 1, 2020, the TSX Venture Exchange (“TSXV”)  approved the Company’s proposed name change to “Honey Badger Silver Inc.” effective November 20, 2020 pursuant to the shareholder’s approval  received at the Company’s annual general meeting on September 30, 2020 (“AGM”).

Mr. Baer, Chief Executive Officer, commented, “The Company’s name change and the recent management restructure reflect our new strategic direction and intent to create value for shareholders by acquiring accretive silver ounces in the Americas. We believe that the current economic environment is conducive to a robust silver price over the next few years.”

Third Quarter Ended September 30, 2020, Principal Highlights

The Company closed a non-brokered private placement offering of securities on August 21, 2020, for total gross proceeds of $500,000. The private placement consisted of an offering of units (the “Units”) of the Company at a price of $0.04 per Unit, with each Unit comprised of one common share (a “Share”) of the Company and one Share purchase warrant (a “Warrant”) with each Warrant being exercisable to acquire one Share at a price of $0.05 per Share for a period of 24 months. The financing was supported by third parties committed to the furthering the Company’s new strategic outlook. At Quarter-end, the Company had cash and cash equivalents of $537,066.

At the AGM, the shareholders of the Company voted in favour of a resolution re-approving the Company’s stock option plan in accordance with the policies of the TSXV. As well, approval was obtained for the creation of a new “control person” within the meaning of applicable TSXV policies. Mr. Chad Williams is now deemed to be a “control person” on account of the Company’s private placement financing described above. At the Meeting, shareholders duly elected the proposed nominees to be directors of the Company; namely, Chad Williams, Chad Gilfillan and Eduardo Baer, to hold office until the next annual meeting of shareholders and spearhead the company’s prosperity by collectively directing the company’s affairs, while meeting the appropriate interests of its shareholders and relevant stakeholders under its proposed new outlook.

2021 Outlook and Strategic Shift

With decades of experience in capital markets, business development and strategic planning in the mining sector, incoming management will seek to leverage long-standing relationships in the mining industry to pursue an aggressive growth strategy via the acquisition of silver-driven assets. Toward this end, the Company has been evaluating a number of silver streaming and royalty opportunities as well as silver projects in various stages of development in North and South America, including in jurisdictions where management’s local professional networks and knowledge can be brought to bear.

Thunder Bay Claims, Ontario

A thorough review of the Company’s Thunder Bay Silver Project, within the prolific historic Thunder Bay Silver District, was completed by the present management team. The Company’s properties in the district were reduced in 2020 from 37,800 hectares to 16,800 hectares to decrease property holding costs. We note that the most prospective portions of the Thunder Bay Silver Project have been preserved, most notably claims covering 12 past-producing high-grade silver mines with historic production of 1.7 million ounces of silver. Management is satisfied that the decisions previously undertaken allow the Company to maintain its dominant position within the Thunder Bay Silver District and to facilitate a focused and comprehensive understanding of its claims. Following extensive review and internal discussions, management is confident that the Company would best be served by focusing on the 12 historic silver mines within the revised claims and to focus its exploration footprint on those claims which provide the best opportunity for exploration success in and around previous workings.

LG Diamonds Claims, Quebec

The Company holds a 100% interest in nine non-contiguous claim blocks (55 claims in total) covering 2,275 hectares located in the James Bay region of Quebec. Each of these nine properties are centered on circular magnetic anomalies which may reflect potential kimberlite occurrences.  The properties are located near the intersection of two major crustal faults with proven kimberlite fertility, in portions of the craton known to fall within the diamond stability field. Given management’s strategic shift in focus to avail itself of silver-driven assets and its lack of specialization in kimberlite exploration, a decision has been made to monetize these highly prospective diamond claims. Management is interacting with leading third parties in the diamond exploration sector to entertain possibilities of a mutually acceptable business combination.

Blue Thunder Share Holdings

During the first half of 2020, the Company received 4,542,280 shares in the capital of Blue Thunder Mining Inc. (TSX.V: BLUE) (“Blue Thunder”) in exchange for consulting services provided to Blue Thunder by the Company during 2019. At September 30, 2020, the Company held 3,261,380 shares in Blue Thunder, representing 3.3% of that company’s fully-diluted shares.  The majority of these remaining shares were restricted from trading until October 8, 2020.  In future quarters, management anticipates that the full value of these shares will be reflected on the Company’s balance sheet as marketable securities.  The shares are held for investment purposes only and management intends to review the Company’s investment in Blue Thunder on a continuing basis.

Outlook for 2021

The Company’s management restructure in Q3 is made with the support of existing and prospective shareholders and stakeholders. The expectation placed on new management is for the execution of a growth strategy based on significant acquisitions of silver-driven assets in the Americas. The Company is presently reviewing and advancing several potential growth opportunities derived from an established extensive network of relationships throughout the Americas. Members of management have over 30-plus years with hands-on experience in the conduct of acquisitions, on-the-ground project due diligence, participation in, or as lead dealmakers, including significant contributions to the development and growth of world class deposits and mines. Honey Badger management will strive to pursue accretive project acquisitions, joint ventures and streaming or royalty deals by working with all facets of vendors from junior explorers to senior producers.  Management will continue its ongoing review and furtherance of appropriate exploration projects where management benefits from language fluency and strong knowledge of the mining-friendly jurisdictions of opportunities it pursues.

About Honey Badger Silver Inc.

 Honey Badger is a Canadian-based silver focused company headquartered in Toronto, Ontario, that controls a dominant strategic land position with more than 16,800 hectares in Ontario’s prolific historic Thunder Bay Silver District. The Company’s primary focus is the acquisition, development, and integration of accretive transactions of silver ounces to enhance the Company’s portfolio of assets.

The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more detailed information, please visit us at our Corporate Website at http://www.honeybadgerexp.com

(The Company is in the process of revising its website and will launch a new-look website January 2021)

Or contact:

Eduardo Baer, CEO, at +1 416 804 0512 or via his email at [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 Forward-Looking Statements

 This news release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue”, or the negative of these terms or other comparable terminology. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.


82 Richmond St E #5300

Toronto, ON M5C 1P1

+1 (647) 498 – 8244

www.honeybadgersilver.com

GET IN TOUCH

Follow Our Activity