Northwire Canada EditionThursday, September 10, 2026
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GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% GGI 0.080 +6.7% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0% STW 0.090 +0.0% LOD 0.410 −4.7% GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% GGI 0.080 +6.7% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0% STW 0.090 +0.0% LOD 0.410 −4.7%
Production / Operations Routine +

Honey Badger Silver Engages Tusk Automation to Optimize Mill Restart at the PC Silver Mine, Northwest Territories

Honey Badger’s Tusk Automation engagement de-risks capital costs for the PC Silver mill restart.

By The Northwire Desk — AI Analysis Sep 10, 2026 · 15:32 TUF · 0.69 Honey Badger Silver Inc.
Executive Summary

Honey Badger Silver Inc. (TUF) has engaged Tusk Automation Inc. to conduct a condition assessment and capital cost estimating for the existing processing plant at its 100%-owned PC Silver Mine in the Northwest Territories. The mill was substantially completed in 1982 but never operated commercially, and the company estimates the replacement cost of these facilities would be at least $300 million.

The study aims to identify reusable assets, such as conveyor belts, filter presses, and generators, to accelerate the mine restart and minimize capital expenditure. On-site work is expected to conclude by the end of September 2026, with a final report due by November 2026. The results will inform a future feasibility study rather than the Preliminary Economic Assessment (PEA) expected in September 2026.

Material Impact

Honey Badger Silver Inc. (TUF) has initiated a technical engagement that follows the May 2026 announcement to begin an updated Preliminary Economic Assessment (PEA) and Mineral Resource Estimate (MRE). This step provides a clear path to de-risking the capital requirements for restarting the brownfield PC Silver Mine operation, a key value driver for the project.

The results of the Tusk study will not be included in the imminent PEA, which suggests the assessment will rely on historical data or conservative assumptions for the mill. This approach is standard practice for early-stage economic studies. The update confirms that management is executing on its development plan.

TUF · Price
Company Overview

Honey Badger Silver Inc. is a Canadian silver exploration and development company. Its flagship asset is the PC Silver Mine in the Northwest Territories, a brownfield project featuring approximately 5 km of existing underground development and a mothballed mill from 1982. Historical resource estimates for the site total approximately 407 moz AgEq.

The company’s portfolio includes the Nanisivik project in Nunavut, as well as the Plata and Hy projects in Yukon, and the Yava project in Nunavut. The company focuses on silver, zinc, lead, and critical minerals such as germanium, indium, and tungsten. Honey Badger Silver Inc. is positioned to restart the PC Silver Mine as a capital-efficient operation by leveraging existing infrastructure.

Read the original news release →

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