Honey Badger Silver Highlights High-Grade Germanium Potential at Prairie Creek Silver Project

Honey Badger Silver Highlights High-Grade Germanium Potential at Prairie Creek Silver Project

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Honey Badger Silver Highlights High-Grade Germanium Potential at Prairie Creek Silver Project

Toronto, Ontario — May 11, 2026: Honey Badger Silver Inc. has announced encouraging early-stage evidence of high-grade germanium potential at its recently acquired Prairie Creek Silver Project in the Northwest Territories, Canada. The update follows research work led by Professor Dan Gregory and his team at the University of Toronto, with support from the Northwest Territories Geological Survey.

A New Critical Minerals Opportunity at Prairie Creek

The company said early whole-rock assay results from the Stratabound Massive Sulfide zone returned germanium values of up to 316 parts per million. This result points to possible meaningful germanium enrichment within the larger mineralized system at Prairie Creek. According to the company, the SMS zone represents about 10% to 15% of the known total tonnage at the project.

Prairie Creek is already known as a high-grade silver-rich polymetallic project. Its historic resource estimate includes measured and indicated resources of 9.8 million tonnes grading 139 grams per tonne silver, 9.7% zinc, and 8.8% lead. The company also reported inferred resources of 6.4 million tonnes grading 150 grams per tonne silver, 12.9% zinc, and 6.7% lead.

Why Germanium Matters

Germanium is considered a critical mineral because it is used in fiber optics, infrared optics, semiconductor technologies, and other advanced industrial applications. Honey Badger Silver noted that germanium, tungsten, and zinc are listed as critical minerals by the Government of Canada, while the United States also recognizes silver, germanium, tungsten, lead, and zinc as critical.

The company believes the discovery of germanium potential could add a new layer of value to Prairie Creek. While the evaluation remains at an early stage, Honey Badger Silver said germanium may eventually become a meaningful by-product if further exploration confirms its distribution and grade across the deposit.

Research Partnership Supports New Exploration Direction

The germanium work is being advanced through collaboration with the University of Toronto and support from the Northwest Territories Geological Survey. Honey Badger Silver plans to continue and expand this partnership through a proposed NSERC Alliance Grant. If approved, the program would support a major re-sampling campaign of historic drill core during the upcoming field season.

The research team will use newly developed germanium assay techniques to better understand how germanium is distributed within the Prairie Creek system. The results are expected to help guide future exploration plans, especially in zones where silver, zinc, lead, tungsten, and germanium may overlap.

Historic Drilling May Have Missed Germanium

Honey Badger Silver said historic drilling at Prairie Creek was apparently not assayed for germanium. The company also noted that only limited testing was done for other critical metals, including tungsten. Previous drilling identified tungsten grades of up to 0.40% WO3 over 27.8 meters in one drill hole.

This means the current understanding of germanium and tungsten at Prairie Creek is still developing. With modern analytical methods, the company believes there is room for new discoveries within the known deposit and nearby mineralized areas.

District-Scale Potential Along Strike

In addition to studying the main Prairie Creek deposit, Honey Badger Silver said it is aware of multiple Mississippi Valley-Type occurrences along strike of the known orebody. These targets may represent possible extensions of the mineralized system. The company plans to follow up on these areas as part of a broader effort to evaluate the district-scale potential for base metals and critical elements.

The deposit contains features linked to carbonate-replacement mineralization, Mississippi Valley-Type mineralization, and a large quartz-carbonate-sulfide vein system. These multiple mineralization styles may provide several geological pathways for germanium enrichment.

Company Comments on the Discovery

Andrew Jedemann, Vice President of Exploration at Honey Badger Silver, said the company is encouraged by the early results from the University of Toronto team and the wider research collaboration. He added that the recognition of germanium potential gives Prairie Creek a compelling new dimension beyond its existing silver-rich polymetallic profile.

Jedemann also noted that germanium prices are currently high and that the metal’s critical mineral status may help attract development interest if future work confirms stronger economic potential.

Next Steps for Honey Badger Silver

The next phase of work will focus on re-sampling historic drill core, applying improved germanium assay methods, and identifying geological controls on germanium enrichment. The company expects this program to influence its future exploration strategy at Prairie Creek.

Honey Badger Silver also acknowledged the role of the Northwest Territories Geological Survey, including Dr. Merilie Reynolds, in developing the original project concept, supporting collaboration with the University of Toronto, and assisting with fieldwork and student mentorship.

About Honey Badger Silver

Honey Badger Silver is focused on advancing silver and critical mineral assets in Canada. With the acquisition of the fully permitted Prairie Creek Silver Project, the company aims to strengthen its position as a North American silver and critical minerals company. Its portfolio includes several silver projects across the Northwest Territories, Yukon, and Nunavut.

Conclusion

The latest update from Honey Badger Silver suggests that Prairie Creek may offer more than high-grade silver, zinc, and lead. Early research points to promising germanium potential, which could become important as demand grows for critical minerals used in advanced technologies. While more drilling, sampling, and technical work are needed, the new findings give Honey Badger Silver an expanded exploration story and a stronger critical minerals angle at Prairie Creek.

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