Honey Badger Silver Inc.
Honey Badger Silver closed its acquisition of Canadian Zinc Corporation on April 27, 2026, gaining 100% of the Prairie Creek project -- a fully permitted, partially built underground mine with an existing 2017 feasibility study, active water licences and land-use permits along an all-season road corridor, and a C$25 million federal infrastructure grant. The company initiated an updated PEA and resource estimate on Prairie Creek, targeted for completion in Q3 2026. Honey Badger also holds six other 100%-owned exploration properties across the Yukon, NWT, and Nunavut.
Notable vs. Peers
- Financials score of 1.6/10 is weaker than the peer average of 4.5/10.
Lifecycle Milestones
Not in place: tailings facility, grid power.
Jurisdiction (40%)7/10
Northwest Territories: Fraser PPI 2025 is 47.22 of 100 (rank 54 of 68), which maps to 7 on this site's scale. The Prairie Creek silver-zinc-lead project is in the Mackenzie Mountains of the Northwest Territories. The Northwest Territories have Canadian rule of law, but rank lowest of the Canadian jurisdictions in Fraser's 2025 policy ranking.
Infrastructure (40%)5.7/10
A confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Prairie Creek Silver-Zinc-Lead Project, Mackenzie Mountains, NWT.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Red Chris (Newmont Corporation / Imperial Metals), 512 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0/10
Nearest producing mine: Red Chris (Newmont Corporation / Imperial Metals), 512 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:10/10
Stage: Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:7/10
Canada: jurisdiction score 7/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:2/10
Primary commodity: Zinc
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Executive Chairman and Chief Executive Officer of Honey Badger Silver Inc. Founder and Chairman of Red Cloud Mining Capital Inc.; founder of Honey Badger Silver and Sharechest; founder and former Chairman of Mines D'Or Orbec (later sold); co-founder of Agilith Capital Inc. and Westwind Capital Inc.; former CEO of Victoria Gold Corp. (to 2011); former Head of Mining Investment Banking, Blackmont Capital Inc. Currently on the boards of NewFound Gold Corp and Gelum Resources. Former top-ranked mining analyst at TD Bank and other Toronto brokerages; member, Association of Professional Engineers of Ontario; B.Eng and MBA, McGill University.
Chief Operating Officer of Honey Badger Silver Inc. Over 35 years in open pit and underground mine operations, design and management across base metals, gold and uranium, with a strong operations background in technical evaluations, studies, safety management systems and continuous improvement.
Chief Financial Officer of Galway Metals Inc.; also Chief Financial Officer of Honey Badger Silver Inc., Power Metallic Mines Inc., Gossan Resources Limited and Noble Mineral Exploration Inc and Chief Financial Officer, Director of Bold Ventures Inc. Works with Marrelli Support Services as senior manager of financial reporting, 16+ years' experience (10 in public accounting); serves as CFO for multiple junior mining companies on the TSX and TSX-V; BA, University of Western Ontario.
Vice President of Exploration of Honey Badger Silver Inc. (MSc., P.Geo) Professional geologist with over 8 years exploring across Ontario, BC, Yukon and Nevada; designed and managed over 20,000 metres of drilling at Barrick's Hemlo gold mine. Most recently Exploration Manager at Libra Energy Materials, leading the discovery of over 20 new spodumene-bearing pegmatites in Ontario. MSc Geology, Lakehead University (in partnership with University of Tasmania/CODES).
Vice President of Social Corporate Responsibility to Prairie Creek of Honey Badger Silver Inc.; title stated verbatim as printed by the company. Professional geoscientist with over 20 years' experience in Canada's north. Started as an exploration geologist on gold and diamond projects; 10 years at Ekati Diamond Mine on health & safety, environment, Indigenous Benefit Agreements and government relations. Joined NorZinc in February 2021 as VP Corporate Social Responsibility. MSc Geology/Environmental Geochemistry, Queen's University (2003); Honours BSc Geology and Environmental Science, University of Western Ontario (1999); registered Professional Geoscientist (BC and NWT/Nunavut).
Corporate Secretary of Evergold Corp. (TSXV: EVER) and of Honey Badger Silver Inc. Holds a BComm from Concordia University and is a member of the Institute of Chartered Secretaries and Administrators. Managing Director of DSA Corporate Services, with over 15 years' experience in corporate governance, secretarial services, client relations and marketing globally; prior senior roles at Independent Review Inc., Institutional Shareholder Services (ISS) and Kingsdale Shareholder Services. Business Management Certificate, McGill; Fellow of the Chartered Governance Institute of Canada; ICD.D and a member of Governance Professionals of Canada. Sources: evergoldcorp.ca/corporate/management/ and Honey Badger Silver's own disclosure.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Legendary resource investor Eric Sprott has been steadily building a position in Honey Badger Silver, crossing 10% ownership with a C$6.1 million purchase on May 14, 2026 -- up from just 2.7% a year earlier. Chairman Chad Williams (who personally owns over a fifth of the company) and other insiders have also been buying through 2026, with essentially no insider selling.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Despite its name, Honey Badger Silver's leading metal by value is zinc, 44.5% of payable revenue in its current study: it owns 100% of the Prairie Creek (PC Silver Mine) zinc-silver-lead project in the Mackenzie Mountains of the Northwest Territories, a fully permitted, partly built underground mine it acquired with Canadian Zinc on 27 April 2026. Measured and indicated resources contain 2,091,845,000 lb of zinc, plus 2,059,406,000 lb inferred, in an estimate effective 21 June 2026 that grades 115 g/t silver and 8.16% zinc in the measured and indicated category. The September 2026 updated preliminary economic assessment shows an after-tax NPV8% of US$838.8M (CAD 1,165M) and a 29.3% IRR at US$50/oz silver and US$1.50/lb zinc, with pre-production capital of US$480.2M (CAD 667M) and a 22-year mine life producing about 2.5 Moz of silver, 117 Mlb of zinc and 95 Mlb of lead a year. The company also holds six other 100%-owned exploration properties in Yukon, the Northwest Territories and Nunavut.