Honey Badger Bolsters Board with Industry Leader
June 02 2021 - 5:38PM
Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the
“Company”) is pleased to announce the appointment of Mr. Brian
Briggs, P.Eng., to its Board of Directors.
Chad Williams, Executive Chairman of
Honey Badger Silver commented, “Brian is a very
well-respected and admired US-based mining executive. His
wide-ranging achievements in the mining industry and leadership
role in environmental sustainability will add valuable insights
into our growth opportunities – especially in the US – as we
continue to build Honey Badger Silver into a top-tier silver
company.”
Mr. Briggs is a professional mining engineer
with a highly accomplished career spanning 30 years in project
development, from late-stage exploration and pre-feasibility to
design, construction and production for both underground and
surface operations. A sixth-generation mining engineer, he has held
a number of senior management roles for domestic and international
companies, most recently as Chief Operating Officer for Aurcana
Corp., along with Chief Executive Officer of its wholly-owned
subsidiary based in Colorado with a focus on restarting an
operational, fully permitted precious metals mine.
With a commitment to social license management,
Mr. Briggs has spearheaded several historic environmental impact
assessments and brown-fields rehabilitation programs. This has
resulted in the achievement of such recognitions as the 2019
Colorado Mining Association Environmental Sustainability Award and
numerous other awards involving excellence in safety, reclamation
and surface mining.
Mr. Briggs holds a Bachelor of Science in mining
engineering and a Masters in agricultural engineering from the
University of Wyoming.
Update on Timing of Yukon Silver Asset
Acquisitions
The Company is also pleased to announce that
substantial progress has been made regarding the Definitive
Agreement with Strategic Metals Ltd. pursuant to which Honey Badger
Silver will acquire 100% of Strategic’s right, title and interest
in three advanced silver properties in southeast and south-central
Yukon known as the Plata, Groundhog and Hy properties, such that
closing is now expected on or before June 15, 2021. The delay from
the previously announced closing was attributed to the Covid-19
pandemic in the collection and execution of all the requisite legal
documentation.
Issuance of Options
The Company announces that the Board of
Directors has approved the grant of stock options to Mr. Briggs for
the purchase of up to 750,000 common shares in the capital of the
Company at an exercise price of $0.13 per share. The grant is
pursuant and subject to the terms and conditions of the Company’s
existing stock option plan for a period of five years from the date
of grant and is subject to the approval of the TSX Venture Exchange
and all regulatory approvals. Chad Williams will continue to serve
as Executive Chairman of the Corporation.
Clarification regarding CEO
Role
The Company also wishes to clarify that Chad
Williams expects to continue to also serve as Interim Chief
Executive Officer of the Company for a transitional period as is
required to retain a suitable candidate for the position, which
process is expected to be completed by September 30, 2021.
For more information, please visit our website
above, or contact: Ms. Christina Slater at
cslater@honeybadgersilver.com.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
On behalf of the Board of
Directors,
Honey Badger Silver
Inc.“Chad Williams”Executive
Chairman
About Honey Badger Silver
Inc.
Honey Badger Silver is a Canadian Silver company
based in Toronto, Ontario focused on the acquisition, development,
and integration of accretive transactions of silver ounces. The
company is led by a highly experienced leadership team with a track
record of value creation backed by a skilled technical team. With a
dominant land position in Ontario’s historic Thunder Bay Silver
District and advanced projects in the southeast and south-central
Yukon, Honey Badger Silver is positioning to be a top tier silver
company.
Cautionary Note Regarding
Forward-Looking Information
This news release contains "forward-looking
information" within the meaning of the applicable Canadian
securities legislation that is based on expectations, estimates,
projections and interpretations as at the date of this news
release. The information in this news release and any other
information herein that is not a historical fact may be
"forward-looking information".
This forward-looking information is based on
reasonable assumptions and estimates of management of the Company
at the time such assumptions and estimates were made, and involves
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Honey
Badger Silver to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. Such factors include, but are not
limited to, volatility in the trading price of common shares of the
Company; risks relating to the ability of the Company to obtain
required approvals, complete definitive documentation; ability of
the Company to complete further exploration activities; the results
of exploration activities; capital and operating costs varying
significantly from estimates; delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets;
inflation; fluctuations in commodity prices; delays in the
development of projects; other risks involved in the mineral
exploration and development industry; and those risks set out in
the Company's public documents filed on SEDAR (www.sedar.com) under
Honey Badger Silver's issuer profile.
Although the Company believes that the
assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed timeframes or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
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