Bunker Hill Mining Corp. announces that it has filed an amended pre-effective registration statement on Form S-1 with the United States Securities and Exchange Commission , in connection with a previously announced proposed commercially reasonable "best efforts" marketed public offering of common stock in the capital of the Company . As previously announced, the proposed Offering is envisaged to be conducted in the United [...]
HIGHLIGHTS 1800-foot underground decline completed between the 5 and 6 Levels, providing access for rubber-tired equipment to the Level 8 and approximately 2 million tons of mineralized material for initial 3 years Achievement represents majority of total pre-restart underground development requirements, ensures that underground development remains on schedule and on budget for Q4 2023 restart Access enables mining and [...]
Bunker Hill Mining Corp. is pleased to announce the closing of the previously announced $5,000,000 loan facility with Sprott Private Resource Streaming & Royalty Corp . As noted in the Company's news release of November 18, 2022, the Facility is secured by the security package currently in place between the parties, bears interest at a rate of 10.5% per annum, and will mature at the earlier of the advance of the [...]
HIGHLIGHTS Abatement of maintenance shop complete, demolition to prepare for new mill building underway Commitment made to new Bunker Hill pre-engineered mill building design and vendor Underground decline advances to within 300 feet of breakthrough to 6-Level Preparation for Wardner Power upgrade advanced with pole locations surveyed, cable corridor cleared, transformers set and air switch and electrical ancillaries [...]
Bunker Hill Mining Corp. is pleased to announce that it has filed a preliminary short form prospectus with the securities commissions in each of the provinces of Canada, other than Quebec , in connection with a commercially reasonable "best efforts" marketed public offering of common stock of the Company for minimum aggregate gross proceeds of C$7,000,000 and maximum aggregate gross proceeds of C$12,000,000 . Concurrently [...]
Bunker Hill Mining Corp. is pleased to announce a new loan facility from Sprott Private Resource Streaming & Royalty Corp. , and provide an update regarding ongoing efforts to fully finance the Bunker Hill mine restart including securing the advance of the $37,000,000 multi-metals stream from Sprott Streaming, and up to $15,000,000 of concentrate offtake financing. NEW $5,000,000 The Company is pleased to announce that it [...]
HIGHLIGHTS Demolition activities at Pend Oreille site completed ahead of schedule and under budget Procurement of new Bunker Hill mill building initiated, concurrent with abatement and demolition of existing mill building. Geotechnical drilling for mill foundations completed Winter weather plan finalized with all mill equipment secured; other site preparation activities ongoing Underground decline continues to advance [...]
Bunker Hill Mining Corp. is pleased to announce filing of an independent Preliminary Feasibility Study for the Bunker Hill Mine in the Silver Valley region of Idaho, USA. The report, dated September 30, 2022 and entitled "Technical Report and Pre-Feasibility Study for Underground Mining, Milling and Concentration of Lead, Silver and Zinc at the Bunker Hill Mine, Coeur d'Alene Mining District, Shoshone County, Idaho, USA [...]
Live 6ix Summit Today, Wednesday October 5 @ 11:00am ET / 8:00am PT HIGHLIGHTS Phase 1 Prefeasibility Study results reported, envisaging low capex, high-margin restart with average annual FCF of >$25 million, EBITDA of >$40 million, and zinc-equivalent production of >90 million pounds. Value accretive opportunities include unlocking value from 6.9Mt Inferred Mineral Resource Ball mill capable of increasing production [...]
Live 6ix Summit Today, Wednesday October 5 @ 11:00am ET / 8:00am PT HIGHLIGHTS Phase 1 Prefeasibility Study results reported, envisaging low capex, high-margin restart with average annual FCF of >$25 million, EBITDA of >$40 million, and zinc-equivalent production of >90 million pounds. Value accretive opportunities include unlocking value from 6.9Mt Inferred Mineral Resource Ball mill capable of increasing production [...]
HIGHLIGHTS: Enables production throughput of 1,800 tons per day as envisaged in the Prefeasibility Study Potential capacity of up to 2,100 tpd, subject to future detailed engineering and mine planning Purchase price of $675,000, of which $100,000 non-refundable payment made; remaining instalments in Q4 2022 Located within 500 miles of the Bunker Hill Mine, previously utilized at a western US mining operation Planned [...]
Bunker Hill to Host Live Interactive 6ix Summit on Thursday, September 8 @ 2:00pm ET / 11:00am PT HIGHLIGHTS: Average annual FCF of >$25 million, EBITDA of >$40 million, and zinc-equivalent production of >90 million pounds Attractive financial returns, including $52 million NPV8 , 36% IRR, and 2.1 year pay-back Initial capex of $55 million achieves expanded 1,800 tpd operation, leveraging mineral endowment of the [...]