Bunker Hill Mining Corp. announces it has been advanced the second tranche, in the amount of US$5 million under the senior secured credit facility with Sprott Private Resource Streaming and Royalty Corp. , pursuant to which Sprott has agreed to advance up to US$21 million under the Standby Facility, to fund development costs of the Company's Bunker Hill Mine located in Kellogg, Idaho , subject to the satisfaction of [...]
HIGHLIGHTS Multiple high-grade polymetallic zones intersected in the upper part of the mine, including: 14.7% Zn 5.2% Pb and 2.10 Ag Opt over 13.2 ft from 380-396.4 ft, DH 7099 8.83% Zn 2.95% Pb and .85 Ag Opt over 13.5 ft from 361.5-375 ft, DH 7093 4.99% Zn 1.40% Pb and .48 Ag Opt over 8.8 ft from 66.5-75.3 ft, DH 7097 To date, Bunker Hill has drilled 15 underground drill holes, with the current drill program expected to [...]
Bunker Hill Mining Corp. announces that the Bunker Hill Mine restart project, which is approximately 64% complete with 98% of procurement completed, has undergone a strategic review resulting in an updated timeline and capital requirements. Pursuant to this review, the Company now forecasts a total restart expenditure of $103 million, up from the previously forecasted $67 million and the $56 million in the 2022 [...]
Bunker Hill Mining Corp. announces that it has closed the fourth tranche of the previously announced silver loan with Monetary Metals Bond III LLC , an entity established by Monetary Metals & Co. , in the principal amount of US$1,250,000, being the amount of US dollars equal to 39,619.6513 ounces of silver as of the date such amount was advanced to the LLC . President and CEO Sam Ash stated, "Thanks to the backing of our [...]
Bunker Hill Mining Corp. announces that it has closed the third tranche of the previously announced silver loan with Monetary Metals Bond III LLC , an entity established by Monetary Metals & Co. , in the principal amount of US$6,321,112, being the amount of US dollars equal to, as of November 6, 2024, 198,777 ounces of silver. Silver Loan As described in the news releases dated June 7, 2024, August 8, 2024 and September [...]
Bunker Hill Mining Corp. is pleased to announce that it has received a non-binding Letter of Interest from the Export-Import Bank of the United States for a debt funding package of up to $150M with a loan term of up to 15 years. The funding will enable the Company to expedite the development of the 2500tpd Bunker 2.0 expansion project coincident with restarting the mine and strengthening the balance sheet. "We are [...]
HIGHLIGHTS: The in-progress resource conversion drill campaign totaling 8,000 feet is on track for completion to be completed by year-end Polymetallic zinc, lead, and silver mineralization has been intersected in all 14 diamond drill holes completed to date, the results of which will be used to convert Inferred mineralization to a higher confidence category supporting an updated resource and reserve statement in Q1|25 A [...]
HIGHLIGHTS: Structural construction of the 1800 tpd Process Plant is now 85% at the end of Q3|24 Procurement is at 98% complete, with 95% of equipment already on site or locked into a 'just in time' delivery schedule Pre-commissioning activities have commenced, including the recruitment of key staff, the expansion of the underground mining teams, the roll-out of ERP systems and other core operational readiness tasks [...]
Bunker Hill Mining Corp. announces that it has entered into an agreement with a former director of the Company with respect to the settlement of an aggregate of 1,051,787 vested deferred share units of the Company previously granted to the Recipient for services rendered as a director of the Company for the 2022 and 2023 fiscal years . Pursuant to the terms of the Settlement Agreement, the Company has agreed to issue [...]
Bunker Hill Mining Corp. is pleased to announce the appointment of Kelli Kast to its Board of Directors effective immediately. Ms. Kast, originally of Coeur D'Alene, Idaho, is a senior natural resource legal professional with over 30 years of US and international leadership experience. She serves as the Vice President, General Counsel and Chief Administrative Officer of Rare Element Resources Ltd., of Colorado, USA [...]
Bunker Hill Mining Corp. announces that it has closed the second tranche of the previously announced silver loan with Monetary Metals Bond III LLC , an entity established by Monetary Metals & Co., in the principal amount of US$6,369,000, being the amount of US dollars equal to, as of September 24, 2024, 200,000 ounces of silver . As described in the news releases dated June 7, 2024, and August 8, 2024, MM has agreed to [...]
Bunker Hill Mining Corp. announces that it has elected to issue an aggregate of 5,175,000 shares of common stock of the Company to certain holders of 7.5% convertible debentures and 10.5% convertible debentures in full satisfaction of the interest payable thereunder as of September 30, 2024 in the aggregate amount of USD$517,500 . The Series 1 Convertible Debentures mature on March 31, 2028 and the Series 2 Convertible [...]
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