Honey Badger Silver Announces Closing of Non-Brokered Flow-Through Private Placement Financing

Executive Summary

• Honey Badger Silver Inc. closed a non‑brokered private placement of 4,838,710 flow‑through common shares, raising $1,500,000 in gross proceeds at $0.31 per share.
• Proceeds will be used to fund Canadian exploration expenses (CEX) and flow‑through critical mineral mining expenditures, to be incurred by December 31 2026 and renounced to shareholders by December 31 2025.
• The company paid $90,000 in finder’s fees and issued 290,322 non‑transferable finder warrants, each exercisable at $0.35 per share for 18 months post‑closing.

Key Details

• Offering Size: 4,838,710 common shares (intended as flow‑through shares).
• Price per Share: $0.31, yielding aggregate gross proceeds of $1,500,000.
• Use of Proceeds:
• Exploration expenses qualifying under subsection 66.1(6) of the Income Tax Act (Canadian exploration expenses).
• Flow‑through critical mineral mining expenditures as defined in subsection 127(9) of the Income Tax Act.
• All eligible spending to occur on or before 31 Dec 2026; renunciation to subscribers no later than 31 Dec 2025.
• Finder Compensation: $90,000 paid in cash.
• Finder Warrants: 290,322 non‑transferable warrants issued; each warrant allows purchase of one common share at $0.35 per share, subject to anti‑dilution adjustments, exercisable for 18 months after the closing date.
• Holding Period: FT shares subject to a four‑month and one‑day hold period under Canadian securities laws.
• Regulatory Condition: Closing contingent upon final approval from the TSX Venture Exchange.

Notable Quotes

(No executive quotes were included in the release.)