Honey Badger Silver Executes 2026 Field Program Targeting Massive Pyrite and New Critical Minerals Potential at Nanisivik Project, Nunavut

Honey Badger Silver Inc. (TUF) has completed its 2026 field exploration program at its 100%-owned Nanisivik Project in Nunavut. The initiative targeted extensive massive-pyrite mineralization, which serves as a potential sulfur source, as well as new silver-zinc-lead zones located outside of historic mined areas. Samples were collected from float and outcrop under chain-of-custody procedures and submitted to an independent accredited laboratory for multi-element geochemical analysis.

Analytical results are currently pending, with the company expecting the data to clarify pyrite composition and evaluate germanium and other critical element potential. Management highlights a greater than 500% rise in sulfur prices and increased strategic demand for germanium as key drivers for re-evaluating the pyrite zones. Historical context notes that Nanisivik produced approximately 17.9 million tonnes grading 9% Zn, 0.7% Pb, and 35 g/t Ag between 1976 and 2002. High-grade grab samples from the Area 14 target previously returned up to 249 g/t Ag and 51.5% Zn.

Next steps include integrating new assay data with historical geological and geophysical information, followed by potential metallurgical testing and drilling.

Honey Badger Silver Inc. (TUF) released an update confirming the execution of its previously announced 2026 exploration plan, following up on the July 28, 2026 announcement regarding Nanisivik pyrite zones. The company did not disclose any new quantified resources, economic studies, or drill results.

The release highlights a focus on sulphur and germanium, adding strategic optionality to the project. However, these elements remain speculative until verified by lab results and metallurgical testing. The news aligns with management's stated priorities and does not materially alter the company's near-term financial or operational trajectory.

Honey Badger Silver Inc. is a Canadian junior explorer focused on silver, zinc, lead, and critical minerals across multiple Tier-1 jurisdictions. Its flagship asset is the PC Silver Mine in the Northwest Territories, a fully permitted, past-producing brownfield project that was halted at approximately 95% completion in the 1980s. The site features 5 km of underground development, a 1,000 tpd mill, and advanced permitting, with historical resource estimates totaling approximately 407.9 moz AgEq.

The company’s portfolio also includes Nanisivik in Nunavut, and the Plata, Hy, and Yava projects in Yukon, as well as Clear Lake, Groundhog, and Sunrise Lake. Honey Badger Silver is pivoting toward critical minerals, identifying potential for germanium, indium, bismuth, tungsten, and antimony across its land packages. Management emphasizes capital-efficient restart strategies that leverage existing infrastructure and strong Indigenous and government relationships.