Key Highlights

  • Honey Badger Silver (TSXV:TUF) traded at CAD 0.88 on October 13, 2026, down 4.35% on the day, up 31.34% over one month, up 14.29% over three months and up 183.87% over six months.
  • The implied price a month ago is about CAD 0.67, simple arithmetic on CAD 0.88 and the 31.34% gain, with a 183.87% six-month gain, a 14.29% three-month gain and a 4.35% fall in the session.
  • On May 28, 2026 the company appointed JDS Energy and Mining to lead an updated economic assessment and resource estimate for the PC Silver Mine, expected to be completed in the third quarter of 2026.
  • The latest company release found, dated September 4, 2026, covered a field program at the Nanisivik project, and no release in the past month or on October 13 explains the gain.

The PC Silver Study

Honey Badger Silver (TSXV:TUF) owns the fully permitted PC Silver Mine in the Northwest Territories. The May 28, 2026 release said an updated preliminary economic assessment and mineral resource estimate would be completed in the third quarter of 2026, based on historical reports and prior drilling and excluding germanium and tungsten upside. It cited spot silver at USD 79 per ounce at that time against the USD 20 per ounce used in the 2021 resource estimate. The delivery date of the study has now arrived, so investors may be positioning ahead of it, though that is an inference. Session figures come from published market data taken during the October 13, 2026 session, and the closing print can differ by a small margin.

Other Projects and Funding

On September 4, 2026 the company said it was executing a 2026 field program of sampling at the Nanisivik project in Nunavut, with an erratum correcting a historical Yava gold grade to 0.54 g/t. In January it closed a CAD 2.25 million non-brokered placement and identified antimony, copper and tungsten mineralization at Plata in the Yukon, and in February it reported indium, tungsten and bismuth at Hy. No release dated in the past month was found. Primary filings on the SEDAR+ system remain the authoritative record, and readers should check them before acting on any point. Readers should confirm any detail in the company's own filings on the SEDAR+ system before relying on it.

Risks and What to Watch

If the study is delayed or the economics disappoint, a 183.87% six-month gain leaves room for a reversal, and the shares fell 4.35% today. Silver price moves were not verified for this article, and explorers depend on equity raises that dilute holders. Investors should watch for the study release, the silver price and any financing. A development path for a remote mine requires large capital. This is not advice. This article gives no price target and no advice, and every scenario described is a possibility, not a certainty. Nothing in this article is a forecast or a recommendation, and every outcome described is a possibility, not a certainty.

Where Things Stand

The answer is that no catalyst dated in the past month was found for Honey Badger Silver (TSXV:TUF). The pending PC Silver economic assessment, due in the third quarter of 2026, is the most important upcoming item and may explain positioning, but that is an inference. The stock is down 4.35% today after a 31.34% monthly gain, so the study release is the next test. So the weight of evidence is a large one-month move with a partial explanation, and upcoming filings will decide whether it persists.