- Honey Badger Silver (TSXV:TUF) is partnering with Monetary Metals & Co. on a 10,000-ounce silver loan that will yield 12 per cent annually, payable in physical silver
- Honey Badger is a Canadian silver company advancing seven projects in Northern Canada, while building a portfolio of royalties, streaming agreements and strategic investments
- Honey Badger stock has added 90.91 per cent year-over-year
Honey Badger Silver (TSXV:TUF) is proving itself to be an innovator when it comes to offering investors exposure to its namesake metal, announcing a partnership with Monetary Metals & Co. on a 10,000-ounce silver loan that will yield 12 per cent annually, payable in physical silver.
The deal, finalized when silver was priced at US$52 per ounce, will mature on August 8, 2027, and is part of Monetary Metal’s Gold (and Silver) Yield Marketplace, which allows investors to earn yield, paid in physical metals, through leases and bonds to vetted companies in the precious metals industry.
Honey Badger’s investment aligns with the strong cash for long-term silver demand, as detailed in the company’s latest investor presentation, driven by central bank buying, industrial and retail investment demand, as well as global supply approaching its fifth consecutive year in a deficit.
According to Tuesday’s news release, the company intends to grow its exposure to yield-bearing silver investments, diversifying its portfolio of seven exploration properties across Yukon, Nunavut and Northwest Territories, where historical resources stand at more than 35 million ounces of silver.
Management commentary
“We absolutely love silver! Silver metal is in short supply, so having access to the physical metal, plus a substantial yield in silver metal, is an important step for our company,” Chad Williams, executive chairman and interim chief executive officer (CEO) of Honey Badger Silver, said in a statement. “This investment adds to our substantial existing silver mineral resource exposure through our 7 different silver-focused properties. Our vision, once sufficient scale is achieved, is to eventually flow this silver metal to our shareholders in the form of a silver metal dividend.”
“We’re delighted to partner with Honey Badger as they can deploy their capital into productive, yield-generating silver assets,” added Keith Weiner, founder and CEO of Monetary Metals.
About Honey Badger Silver
Honey Badger is a Canadian silver company advancing seven projects in Northern Canada, while building a portfolio of royalties, streaming agreements and strategic investments.
The silver stock (TSXV:TUF) last traded at C$0.21 and has added 90.91 per cent year-over-year.
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