Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0% Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0%
Financings

Honey Badger Silver to Acquire Important High-Grade Permitted[1] Canadian Silver Project; Launches $10 Million Financing

Honey Badger transforms from explorer to developer with C$12M acquisition of permitted Prairie Creek silver-zinc-lead project.

By The Northwire Desk — AI Analysis Mar 19, 2026 · 13:48 TUF · 0.18 Honey Badger Silver Inc.
Executive Summary

The most recent news (March 19, 2026) announces a definitive agreement for Honey Badger Silver to acquire the Prairie Creek Project from Canadian Zinc Corporation for C$12 million (C$10 million cash, C$2 million in shares/warrants). To fund this, the company launched a C$10 million brokered private placement at C$0.16 per subscription receipt. Prairie Creek is a high-grade, permitted underground silver-zinc-lead project in the Northwest Territories with a substantial historical resource (9.8 Mt M&I and 6.4 Mt Inferred). The acquisition includes C$5.7 million in existing reclamation bonds and is expected to close in Q2 2026.

Material Impact
  • Material - Game Changer: This is a transformative shift for a company that was previously focused on early-stage exploration in the Yukon and Nunavut. Acquiring a project that is already permitted with significant infrastructure (Type A Water License and Land Use Permits) bypasses years of de-risking.
  • Financial Strain: The C$10 million financing is massive relative to the company’s previous market cap and cash position (which was only C$376k in March 2025). This will result in significant dilution.
  • Operational Shift: The appointment of Ron Halas as COO (Feb 2023) now makes strategic sense, as his background in mine construction and operations is required for an asset of this scale.
  • Resource Scale: The historical resource at Prairie Creek is significantly more advanced than the company's other "historical estimates," providing a clear path toward a Feasibility Study or production decision.
TUF · Price
Company Overview

Honey Badger Silver is a Canadian silver-focused explorer and developer. Its new flagship is the Prairie Creek Project (NWT), a high-grade silver-zinc-lead underground project. Secondary assets include the Plata Project (Yukon), which is adjacent to Snowline Gold’s Rogue discovery and has shown potential for Reduced Intrusion-Related Gold Systems (RIRGS), and the Nanisivik Project (Nunavut), a past-producing silver-zinc mine.

Read the original news release →

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Production / Operations