SSR Mining to sell Sunrise Lake Property to Honey Badger Silver

SSR Mining announced that it has entered into a definitive agreement to sell its Sunrise Lake Property to Honey Badger Silver in exchange for a 4.0% net smelter return royalty on the Property. Under the terms of the agreement, at any time until commencement of construction activities, 2.0% of the NSR royalty can be repurchased by Honey Badger for total consideration of $10M. Sunrise Lake is an early-stage, greenfield exploration property located in the Northwest Territories, 130 kilometers northeast of Yellowknife. The Property hosts silver-gold and base metal mineralization outlined by 21,774 meters of historical surface diamond drilling completed between discovery in 1987 and 1998. Exploration activities completed on the Property to-date have focused on silver-lead-zinc volcanogenic massive sulfide mineralization.