Honey Badger Silver Raises $630,000 in Upsized Private Placement Financing

Honey Badger Silver Inc. has closed a non-brokered private placement financing, raising $630,205.92 through the issuance of 5,729,145 units at $0.11 per unit. Each unit consists of one common share and one-half of a warrant with an exercise price of $0.15 per share for 18 months. The company will use the net proceeds to fund property advancement, silver royalty purchases, and general administrative purposes.

Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) has successfully closed a non-brokered private placement financing, raising $630,205.92 through the issuance of 5,729,145 units at $0.11 per unit. This round of financing, announced on July 17, 2025, was initially planned but was upsized due to strong investor demand [1].

Each unit consists of one common share and one-half of a warrant with an exercise price of $0.15 per share for a period of 18 months following the closing date. The company will use the net proceeds from this financing to fund property advancement, the purchase of silver royalties, and general administrative purposes.

The total gross proceeds from the Offering and the Additional Financing amount to approximately $3.081 million. This includes $1.986 million raised in the first tranche of the Company's non-brokered private placement disclosed on June 17, 2025, and $465,000 from the second tranche of the Offering [2].

In connection with the closing of the Additional Financing, the Company paid aggregate cash finder's fees of $10,500 and issued 95,455 non-transferable finder's warrants to certain arm's length finders. Each finder's warrant is exercisable to acquire one common share in the capital of the Company at a price of C$0.15 per share until January 23, 2027, subject to customary anti-dilution adjustments.

The securities issued in connection with the Additional Financing are subject to a four-month and a day hold period under Canadian securities laws. The Additional Financing is subject to receipt of the final approval of the TSX Venture Exchange.

References:
[1] https://www.newsfilecorp.com/release/259910
[2] https://www.gurufocus.com/news/2985810