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Honey Badger Silver partners with Monetary Metals for a 10,000-ounce silver loan investment earning 12% yield.

Dec 23, 20256 months ago

Contract Type

partnership

TorontoMining

Description

Honey Badger Silver has announced a strategic partnership with Monetary Metals for a 10,000-ounce silver loan investment that provides a 12% annual yield payable in physical silver. This partnership reflects Honey Badger's commitment to expanding its silver resource base and shareholder returns.

Company Information

Company

Honey Badger Silver

Location

Toronto, Ontario, Canada

About

Honey Badger is a Canadian silver company focused on the acquisition, development, and integration of accretive transactions of silver ounces. The Company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team, with significant land holdings in southeast and south-central Yukon, including the Plata property 180 kms to the east of the Keno Hill silver district. The Company also owns the historic producing Nanisivik Mine in Nunavut, which has a historic resource. The Nanisivik Mine (near Arctic Bay, Nunavut) produced over 20 million ounces of silver between 1976 and 2002, from 17.9 million tons of ore, grading 9% zinc, 0.72% lead, and 35 grams per ton silver (1). In addition to the polymetallic orebody, previous exploration identified massive sulphide bodies (principally pyrite), totaling about 100 million tons (1,2), containing base metal and silver values not economic at the time. Honey Badger is positioning to be a top-tier silver company.

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Based on industry data
Strategic partnership established
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