HONEY BADGER SILVER ANNOUNCES CLOSING OF NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT FINANCING.

Honey Badger Silver Inc. has successfully completed a $1.5 million non-brokered flow-through private placement financing, representing a significant capital injection for the Toronto-based silver exploration company. The offering involved the issuance of 4,838,710 common shares, indicating a unit price of approximately $0.31 per share.

The flow-through structure of this financing is particularly noteworthy as it provides tax advantages to investors while ensuring that the proceeds must be used for qualifying exploration expenditures. This mechanism is commonly used by junior mining companies to attract investment while maintaining strict use-of-funds requirements that support active exploration programs.

For Honey Badger Silver, this financing closes a critical funding gap and provides the working capital necessary to advance its silver exploration initiatives. The successful completion of the offering demonstrates continued investor confidence in the company's prospects and the broader silver sector. The non-brokered nature of the deal also means the company avoided paying significant underwriting fees, preserving more capital for operational use.

This financing positions Honey Badger Silver to capitalize on current market conditions in the precious metals sector, where silver continues to attract attention both as an industrial metal and store of value. The company can now move forward with planned exploration activities while maintaining adequate liquidity for corporate operations.