Chad Williams, Executive Chairman of Honey Badger Silver, discussed his takeover of the company and its ambitious three-phase strategy to capitalize on rising silver prices. Starting with a market cap of just $700,000, Chad’s vision is to transform Honey Badger into a billion-dollar investment vehicle by acquiring high-grade silver assets and building a diversified portfolio.

Three-Phase Strategy:

• Phase 1: Raise capital and acquire silver projects with known resources.

• Phase 2: Expand by acquiring more silver projects, reaching a portfolio of approximately 150 million ounces of silver equivalent6.

• Phase 3: Generate cash flow through production and innovative financing, including potential royalty and streaming deals.

Chad emphasized the challenges of acquiring silver assets, especially in politically unstable regions, highlighting the importance of due diligence, strong relationships, and perseverance. The company’s unique approach blends asset ownership with royalty exposure, aiming to act more like an “active ETF” for silver investors.

Honey Badger has acquired seven silver projects in the last four years, including significant assets in Canada’s Yukon, Northwest Territories, and Nunavut, plus a recent acquisition in Chile. These projects are located in established mining regions and collectively represent substantial historic resources. Chad believes Honey Badger is uniquely positioned for growth as silver prices rise, with a leadership team experienced in value creation and a diversified, high-leverage silver portfolio.

About Honey Badger Silver

Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred  located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon’s prolific Keno Hill and adjacent to Snowline Gold’s Rogue discovery. The Company’s Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc. The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.

(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.

(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

(3) Geological Survey of Canada, 2002-C22, “Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis.” (4) Carlson, G.G., 2010, Technical Report describing Exploration and Development at the Plata Project, located in the Mayo Mining District, East-Central Yukon, Report Prepared for Platoro West Holdings Inc.

Honey Badger Silver