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The latest update is out from Honey Badger Exploration ( (TSE:TUF) ).
Honey Badger Silver has upsized its previously announced non-brokered private placement from C$1.5 million to approximately C$2.25 million, citing strong investor demand for up to 12.5 million units priced at C$0.18 each. The company plans to use the proceeds to advance its silver projects and for working capital, with closing expected in mid-January 2026 subject to TSX Venture Exchange approval. An insider is expected to participate for about C$500,000, a related-party transaction that will rely on exemptions from formal valuation and minority approval rules because the insider’s subscription will not exceed 25% of Honey Badger’s market capitalization, highlighting both internal confidence in the financing and regulatory oversight of governance for existing shareholders.
The most recent analyst rating on (TSE:TUF) stock is a Hold with a C$0.20 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 very weak financial performance (no revenue, ongoing losses, and cash burn). Offsetting factors include neutral-to-mildly positive technicals and a supportive set of recent corporate events (financing/partnerships, insider support, and exploration progress). Valuation is limited by a negative P/E and no dividend.
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 districts 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 camp, the Clear Lake project with substantial historic silver-zinc mineralization, and land holdings in the former Nanisivik mine area. The company is led by an experienced management and technical team and also holds a 10,000-ounce silver position yielding 12% annually.
Average Trading Volume: 236,337
Technical Sentiment Signal: Buy
Current Market Cap: C$23.29M
See more data about TUF stock on TipRanks’ Stock Analysis page.