The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length acquisition of a 100-per-cent interest in the Yava property, which consists of one mining lease of 1,304 hectares and is located in the Mackenzie mining district, territory of Nunavut, approximately 450 kilometres northeast of Yellowknife, pursuant to a mineral property purchase agreement dated Oct. 1, 2024, between Honey Badger Silver Inc. and an arm's-length vendor.

Pursuant to the terms of the agreement and as consideration for the acquisition of the property, the company issued 4.25 million common shares in the capital of the company at a deemed price of eight cents to the vendor on closing.

The property is subject to a 10-per-cent net profit interest royalty, which the company has the right to repurchase for $1.5-million.

For further details, please refer to the company's news releases dated Oct. 2, 2024, and Oct. 21, 2024.