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

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."