Honey Badger Silver Inc.: Message from the Chairman

About this update from Honey Badger Silver Inc.

[{"type":"text","content":" TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to provide an update from the Chairman, Chad Williams, on the Company’s latest activities intended to provide the foundation for value generation and in the transformation of Honey Badger into a high-growth silver company. Since our last update, we have made important strides in strengthening our management team and Board and have added value accretive silver assets to our portfolio. Owning and controlling over 15% equity in Honey Badger, our new team is aligned with shareholders and passionately committed to our mission of creating a top-tier vehicle with maximum exposure to silver. “Our vision for Honey Badger involves aggregating three categories of silver assets that will create a unique type of silver company”, said Chad Williams. “We will seek to acquire silver resources in the ground; we will also continue to add value to our high-grade silver assets - an asset type in which we have already accumulated large-scale holdings in major historic silver camps such as Plata in the Yukon discussed below; and we will look to create organically or acquire silver royalties and/or streams. We anticipate exciting news on the horizon as we strive to generate value in a diversified silver asset portfolio.” Mr. Williams goes on to add, “In effect, Honey Badger strives to become an investment vehicle that is a potential alternative to a silver ETF”1. What this means is that the value of Honey Badger’s shares, like a silver commodity ETF, should fluctuate with the price of silver but our management and Board will actively work to seek accretive silver growth opportunities and add value to our existing silver assets using our multi-decades of experience in mining”. We believe that the outlook for silver is very positive. Newly appointed Honey Badger Director John Hill, who has decades of experience in financial markets said, “With physical demand expected to continue due to its growing role in clean energy technologies and electronics and with solid investment demand driven by inflation expectations and real negative yields, the case for buying and holding silver over the coming years is very strong”. Thus, while many of our peers in the junior silver space have been relatively dormant during the recent pull-ba...

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