- Honey Badger Silver (TUF) has signed a letter of intent with Romios Gold Resources to acquire an 80 per cent interest in 87 mining claims in the Thunder Bay Silver District
- Honey Badger Silver will issue shares to Romios Gold for a value of $150,000 and will free-carry all costs and expenses related to the maintenance and advancement of the project
- The transaction is expected to close on or before July 30, 2021
- Honey Badger Silver is a Canadian silver company based in Toronto, Ontario and is focused on the acquisition, development, and integration of silver
- Honey Badger Silver (TUF) is steady, trading at $0.125 per share
Honey Badger Silver has signed an LOI with Romios Gold Resources.
Honey Badger Silver intends to acquire an 80 per cent interest in 87 mining claims in the Thunder Bay Silver District.
The additional mining claims cover 1,870 hectares (4,620 acres) of land on several historic silver properties in the area.
Chad Williams, Honey Badger Silver chairman & CEO, commented,
“These properties add to Honey Badger Silver’s clear strategic position in this famed historic high-grade silver camp.”
He added,
“Importantly, all of our projects are located along trend and within the two primary corridors hosting most of the Thunder Bay Silver District’s richest silver mines.”
According to the agreement, Honey Badger Silver will issue shares to Romios Gold for a value of $150,000 and will free-carry all costs and expenses related to the maintenance and advancement of the project.
The transaction is expected to close on or before July 30, 2021.
Honey Badger Silver is a Canadian silver company based in Toronto, Ontario and is focused on the acquisition, development, and integration of silver.
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 positioned to be a top-tier silver company.
Honey Badger Silver (TUF) is steady, trading at $0.125 per share as of 3:23 pm ET.
