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Honey Badger Exploration ( (TSE:TUF) ) has issued an update.
Honey Badger Silver Inc. plans to raise up to C$1.5 million through a non-brokered private placement of units priced at C$0.18, each comprising one common share and a warrant exercisable at C$0.23 for 36 months, with closing expected in mid-January subject to TSX Venture Exchange approval and a four-month hold period. Executive Chairman Chad Williams intends to subscribe for up to C$1 million of the offering, a related party transaction exempt from formal valuation and minority approval under MI 61-101, while the company will direct proceeds toward advancing its silver projects and working capital and has also proposed granting 2 million stock options at C$0.21, moves that collectively strengthen its funding base for exploration and may modestly dilute existing shareholders while signaling strong insider support.
Spark’s Take on TSE:TUF Stock
According to Spark, TipRanks’ AI Analyst, TSE:TUF is a Underperform.
Honey Badger Exploration’s overall stock score is impacted by poor financial performance, characterized by negative profitability and solvency concerns. Technical indicators suggest some stability, but the valuation remains unattractive. Positive corporate events offer potential upside, but substantial financial improvements are necessary for a better outlook.
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 historic mining regions across the Northwest Territories, Yukon and Nunavut. Its portfolio includes the Sunrise Lake project with significant historic silver and zinc resources, the high-grade Plata silver project near Yukon’s Keno Hill district and adjacent to Snowline Gold’s Rogue discovery, the Clear Lake project with historic silver and zinc resources, and substantial land holdings in the past-producing Nanisivik Mine Area. The company is led by an experienced leadership and technical team and also holds a 10,000-ounce silver position yielding 12% annually.
Average Trading Volume: 230,515
Technical Sentiment Signal: Buy
Current Market Cap: C$24.46M
See more insights into TUF stock on TipRanks’ Stock Analysis page.