Honey Badger Silver Appoints Michael Jalonen to Board of Directors
Honey Badger Silver Appoints Michael Jalonen
to Board of Directors
Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Honey Badger Silver Inc. (TSXV: TUF)
(OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that Michael Jalonen, who
has served as a trusted long-time advisor to the Company, has been appointed to its Board of Directors.
Mr. Jalonen brings 34 years of capital markets expertise, including 33 years with Bank of America
Securities (1989-2022), where he was consistently ranked as one of world's leading precious metals
mining analysts. Michael covered twenty companies in the North American senior, mid-tier and
intermediate gold and silver producer sector and five senior precious metal royalty and streaming
companies. His independent studies on publicly traded companies, gold and silver prices, and the
precious metals sector were well recognized by investors and mining companies globally. Throughout
his career, he travelled globally conducting on-site tours of well over a hundred mining projects.
Chad Williams, Executive Chairman and Interim CEO, commented:
"We are very fortunate to add
Mr. Jalonen to our Board. His experience in the global precious metals space is extensive. He is widely
respected, including by many institutional investors, because of his very solid track record of success
analysing precious metal companies for decades. Mr. Jalonen was instrumental in the idea of Honey
Badger acquiring the Nanisivik claims, as well as providing many other value-added insights, since he
joined as an advisor several years ago."
Prior to BofA, Mr. Jalonen was junior mining analyst for Dean Witter Canada for one year (1988-89). Mr.
Jalonen also worked for 1.5 years as a corporate development analyst with Somicom Mining (1986-88)
and as a junior geologist at Nanisivik Mines (summers of 1980-83). He holds an Honors B.Sc., Geology,
from University of Windsor (1982) and an MBA from McMaster University (1986). He was awarded the
CFA designation in 1992.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team
with a track record of value creation backed by a skilled technical team. Our projects are located in
areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8
Moz of silver at a grade of 262 g/t silver (and 201.3 million pounds of zinc at a grade of 6% zinc)
Indicated and 13.9 Moz of silver at a grade of 169 g/t silver (and 247.8 million pounds of zinc at a grade
of 4.4% zinc) Inferred
(1)
located in the Northwest Territories and the Plata high grade silver project
located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The
Company's Clear Lake Project in the Yukon Territory has an unclassified historic resource of 5.5 Moz of
silver at a grade of 22 g/t silver and 1.3 billion pounds of zinc at a grade of 7.6% zinc
(2)
. The Company
also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced
over 20 Moz of silver between 1976 and 2002
(3)
. A qualified person has not done sufficient work to
classify the foregoing historical resources as current mineral resources, and the Company is not treating
the estimates as current mineral resources. The historical resource estimates are provided solely for the
purpose as an indication of the volume of mineralization that could be present. Additional work, including
verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral
resources.
(1)
Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper,
and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51
grams/tonne gold
.
(2)
Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
(3)
Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley
type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
2)
Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes
grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
ON BEHALF OF THE BOARD,
Chad Williams, Executive Chairman
Sonya Pekar
Investor Relations
| +1 (647) 498-8244
For more information, please visit our website
www.honeybadgersilver.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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. Any statement that involves discussions with
respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always using phrases such as "expects", or
"does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not
anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain actions, events or results "may" or "could",
"would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and
may be forward-looking information and are intended to identify 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 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, risks relating to 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.sedarplus.ca
) under Honey Badger'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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https://www.newsfilecorp.com/release/277225