DENVER – SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) announced today
that it has entered into a definitive agreement to sell its Sunrise Lake Property (“Sunrise Lake” or the “Property”) to
Honey Badger Silver Inc. (TSXV:TUF) (“Honey Badger”) in exchange for a 4.0% net smelter return (“NSR”) 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 US$10 million.
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.
Honey Badger is a Canadian silver company based in Toronto, Ontario, with significant land holdings in southeast and south-central Yukon. The Company also owns the past-producing Nanisivik Mine in Nunavut.
About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA,
Türkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets.
Over the last three years, the four operating assets combined have produced on average more than 700,000 goldequivalent ounces annually. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and
SSR on the ASX.
SSR Mining Contacts:
F. Edward Farid, Executive Vice President, Chief Corporate Development Officer
Alex Hunchak, Director, Corporate Development and Investor Relations |