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 1.8/10 is weaker than the peer average of 6.8/10.
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 6.9/10.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
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. 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 Honey Badger Silver Inc. Over 20 years in corporate governance and regulatory compliance. Managing Director, DSA Corporate Services L.P.; prior senior roles at Independent Review Inc., Institutional Shareholder Services (ISS) and Kingsdale Shareholder Services. B.Comm, Concordia University; Business Management Certificate, McGill; Fellow, Chartered Governance Institute of Canada; member ICD.D and Governance Professionals of Canada.
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
PC Silver Mine / Prairie Creek Project (Nahanni region, Northwest Territories, Canada; zinc-lead-silver, fully permitted, road construction underway). Honey Badger Silver acquired 100% of the project from the prior owner (NorZinc Ltd., formerly Canadian Zinc) in 2026. IMPORTANT CAVEAT, stated explicitly by Honey Badger itself in its own 28 May 2026 release: the historical estimates below "have not been verified as current mineral resources" and the company has appointed JDS Energy & Mining to complete an UPDATED PEA and updated Mineral Resource Estimate, expected Q3 2026 -- NOT yet released as of this pass. Absent that update, the figures below are the most recent real economic study on this exact project/reserve base: NorZinc's Preliminary Economic Assessment, technical report effective/filed 15 Oct 2021 (Ausenco Engineering Canada Inc.), announced 21 Oct 2021. AFTER-TAX NPV8% = US$299 million, AFTER-TAX IRR = 17.7% (PRE-TAX NPV8%=US$505M, PRE-TAX IRR=21.4%, not written -- after-tax per repo convention). Mine life 20.3 years at 2,400 tpd throughput. Initial capex US$368 million (incl. US$35M contingency). Metal price assumptions: silver US$24.00/oz, zinc US$1.20/lb, lead US$1.05/lb. Resource table (Table 6 of the PEA press release): Total Measured+Indicated = 9,755,000 t @ 139 g/t Ag (also 8.8% Pb, 9.7% Zn) = 43.59 million oz Ag contained, calculated at 31.1034768 g/troy oz (9,755,000 t x 139 g/t / 31.1034768) -- written to ouncesFound. A secondary-aggregator figure of "38.1 million oz Ag M&I" recurs across several outlets (thedeepdive.ca-sourced search summaries) but could not be traced to explicit primary-source wording distinguishing it from the 43.59 Moz contained-metal calculation above or from payable/recoverable ounces (avg. 2.6 Moz/yr payable silver over 20.3 years = ~52.8 Moz total payable, which also doesn't match 38.1M) -- REJECTED as unreconciled, not used; the 43.59 Moz figure is derived directly from the primary table's own tonnage and grade instead. Total Inferred = 6,403,000 t @ 150 g/t Ag (not included in ouncesFound per repo's M+I-only convention).