Honey Badger Silver posts C$ 1.84 billion after-tax NPV8 for PC Silver Mine in updated PEA

• Honey Badger Silver released an updated PEA for the 100%-owned PC Silver Mine in Canada’s Northwest Territories, extending mine life to 22 years.
• Long-term consensus case: after-tax NPV at 8% of C$ 1.17 billion, IRR 29.3%, payback 3.1 years.
• Spot case: after-tax NPV at 8% of C$ 1.84 billion, IRR 38.2%, payback 2.4 years.
• PEA targets average payable output of 7.9 million AgEq ounces a year, including 2.55 million ounces of silver.
• Pre-commercial production capital estimated at C$ 667 million, including C$ 205 million for a 170 km all-season road.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Honey Badger Silver Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609170800NEWSFILECNPR____20260917_314743_1) on September 17, 2026, and is solely responsible for the information contained therein.