Northwire Canada EditionFriday, November 13, 2026
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M&A / Property

Honey Badger Silver arranges 10,000-ounce-silver loan

By The Northwire Desk — AI Analysis Dec 23, 2025 · 12:47 TUF · 0.21 Honey Badger Silver Inc.
TUF · Price

Executive Summary

  • Honey Badger Silver Inc. entered into a strategic partnership with Monetary Metals to invest in a 10,000-ounce silver loan.
  • The investment yields a 12% annual return payable in physical silver, with the loan maturing on August 8, 2027.
  • The transaction was executed when the price of silver was $52 per ounce, allowing Honey Badger to acquire physical silver exposure and yield simultaneously.

Key Details

  • Counterparty: Monetary Metals & Co.
  • Asset Type: 10,000-ounce silver loan investment.
  • Yield Terms: 12% annual yield, payable in physical silver.
  • Maturity Date: August 8, 2027.
  • Entry Price: Silver price was $52 per ounce at the time of crystallization.
  • Strategic Intent: To gain access to physical metal and substantial yield, complementing existing silver mineral resource exposure across seven properties.
  • Long-term Vision: Executive Chairman Chad Williams stated the company aims to eventually distribute this silver metal to shareholders in the form of a silver metal dividend.
  • Future Pipeline: Honey Badger intends to evaluate an expanded pipeline of yield-bearing silver investments through this partnership.

Notable Quotes

  • Chad Williams, Executive Chairman and Interim CEO, Honey Badger Silver: "We absolutely love silver. Silver metal is in short supply, so having access to the physical metal, plus a substantial yield in silver metal, is an important step for our company... This investment adds to our substantial existing silver mineral resource exposure through our seven different silver-focused properties. Our vision, once sufficient scale is achieved, is to eventually flow this silver metal to our shareholders in the form of a silver metal dividend."
  • Keith Weiner, Founder and CEO, Monetary Metals: "We're delighted to partner with Honey Badger Silver as they can deploy their capital into productive, yield-generating silver assets."
Read the original news release →

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Production / Operations