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An announcement from Honey Badger Exploration ( (TSE:TUF) ) is now available.
Honey Badger Silver Inc. has closed a non-brokered private placement of 12,499,998 units at $0.18 per unit, raising approximately $2.25 million in gross proceeds, with each unit comprising one common share and a warrant exercisable at $0.23 for three years. The financing, which included participation from insiders and investor Eric Sprott and involved finder fees and warrants, is intended to fund advancement of the company’s silver projects and general working capital, and is subject to final TSX Venture Exchange approval; concurrently, Honey Badger granted 2 million stock options to officers, employees, and consultants to support retention and alignment with shareholder interests.
The most recent analyst rating on (TSE:TUF) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Honey Badger Exploration stock, see the TSE:TUF Stock Forecast page.
Spark’s Take on TSE:TUF Stock
According to Spark, TipRanks’ AI Analyst, TSE:TUF is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), partially offset by a constructive technical setup (price above key moving averages with positive MACD). Valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:TUF stock, click here.
More about Honey Badger Exploration
Honey Badger Silver Inc. is a Canadian silver-focused exploration company with projects in historically productive mining regions across the Northwest Territories, Yukon, and Nunavut. Its portfolio includes the Sunrise Lake project with significant historic silver and zinc resources, the Plata high-grade silver project near Yukon’s Keno Hill district, the Clear Lake silver-zinc project, and land holdings in the Nanisivik Mine area, which has a history of substantial past silver production. The company is led by an experienced management and technical team and also holds a physical silver position that generates annual yield.
Average Trading Volume: 280,306
Technical Sentiment Signal: Buy
Current Market Cap: C$30.28M
For detailed information about TUF stock, go to TipRanks’ Stock Analysis page.