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Bunker Hill Announces Amendment to $30 Million LIFE Offering of Units & Warrant Exercise
Globenewswire· 2026-02-14 01:16
Core Viewpoint - Bunker Hill Mining Corp. is announcing amendments to its LIFE offering of approximately 138,900,000 units, aimed at raising capital for its mining operations in Idaho [1][2]. Group 1: LIFE Offering Details - The LIFE Offering will consist of approximately 138,900,000 LIFE Units, offered through a "best efforts" private placement and a non-brokered private placement, excluding Québec, the United States, and other jurisdictions [2]. - The Company has granted the Agents an option to sell up to an additional 15% of the LIFE Units sold under the LIFE Offering, which can be exercised up to 48 hours prior to the Closing Date [3]. Group 2: Company Overview - Bunker Hill Mining Corp. focuses on revitalizing the historic Bunker Hill Mine, which contains significant deposits of zinc, lead, and silver in Idaho's Coeur d'Alene mining district [5]. - The Company aims to maximize shareholder value while responsibly harnessing the mineral wealth of the Silver Valley mining district through modern exploration techniques and sustainable practices [5].
Bunker Hill Announces C$30 Million Brokered LIFE Offering of Units & Warrant Exercise, and Reverse Stock Split
Globenewswire· 2026-02-09 13:07
Core Viewpoint - Bunker Hill Mining Corp. has announced a brokered private placement offering to raise approximately C$25 million through the sale of 138.9 million units at C$0.18 per unit, alongside a reverse stock split aimed at increasing share price for a potential NYSE American listing [1][12][18]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.30 for 36 months [2]. - The company has granted agents an option to sell an additional 15% of the offering at the same issue price [3]. - A cornerstone shareholder is expected to exercise existing warrants for a minimum of C$5 million, which is contingent upon the completion of the offering [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital to ramp up the Bunker Hill Mine to commercial production, exploration, and general corporate purposes [5]. Group 3: Regulatory and Closing Conditions - The offering is being made under the Listed Issuer Financing Exemption and is subject to regulatory compliance, including approvals from the TSX Venture Exchange and applicable securities authorities [6][9]. - The expected closing date for the offering is around March 5, 2026, pending necessary approvals [8]. Group 4: Reverse Stock Split - The company will implement a reverse stock split at a ratio of one-for-thirty-five, reducing the number of common shares from approximately 1.4 billion to about 40 million [12]. - The reverse stock split is intended to increase the share price in preparation for a potential listing on the NYSE American [12][18]. - The reverse stock split is subject to stockholder approval and is expected to take effect on or around March 5, 2026 [13].
Bunker Hill Announces Engagement of Independent Trading Group as Market Maker
Globenewswire· 2026-02-06 00:44
Core Viewpoint - Bunker Hill Mining Corp. has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares, pending regulatory approval [1]. Group 1: Agreement Details - ITG will receive a monthly compensation of CAD $6,500, paid in advance, with an initial term of one month that can be renewed monthly unless terminated [2]. - The agreement allows either party to terminate with 30 days' notice and does not include performance factors or compensation in shares or options [2]. Group 2: Company Overview - Bunker Hill Mining Corp. is focused on the restart of the historic Bunker Hill Mine, a past-producing asset for zinc, lead, and silver located in Idaho's Coeur d'Alene Mining District [4]. - The company aims to unlock the remaining value of this brownfield asset through modern exploration and responsible mining practices, with a strategic focus on maximizing shareholder value [4]. Group 3: ITG Overview - Independent Trading Group (ITG) is a Toronto-based dealer specializing in market making, liquidity provision, and algorithmic trading solutions, established in 1992 [3]. - ITG utilizes proprietary technology to deliver high-quality liquidity and execution services to public issuers and institutional investors [3].
Bunker Hill Mining Provides Corporate Update, Confirming Project Restart on Track for H1 2026, Improved Metal Mix, and Several New AI-Validated Exploration Opportunities
Globenewswire· 2026-02-02 11:15
Core Insights - Bunker Hill Mining Corp. is on track for a mine restart in H1 2026, with improved project economics due to rising silver and metal prices, and AI-driven validation of exploration targets [1][2][10] Mine Restart Progress - The Bunker Hill Mine restart is advancing on schedule and within budget, with the Process Plant 88% complete and the Tailings Filter Plant nearing 60% completion [3] - Key milestones include the commissioning phase of the Process Plant and the installation of the Filter Press, with first production targeted for H1 2026 [3][4] Safety and Environmental Compliance - The company has achieved over 3 years without a Lost Time Incident and reported a Total Recordable Incident Rate of 1.23 for 2025, significantly below the national average [5] - Bunker Hill has maintained 100% compliance with all environmental permits and reporting requirements [5] Team Development - The company is actively recruiting experienced operations and technical teams to support the mine restart, including key roles such as Chief Geologist and Mine Engineer [6][7] Economic Outlook - Recent increases in silver prices have improved the projected revenue mix, with silver and base metals expected to contribute approximately 50% each to revenue [8] - Projected cash flow and operating margins are anticipated to exceed previous internal planning assumptions, enhancing financial flexibility [9] Exploration Initiatives - The company has validated high-priority exploration targets using AI-assisted analysis, aiming to expand resources and increase silver mineralization [10] - Notable exploration targets include the Page Mine-Curlew Vein, which has shown higher-grade silver, lead, and zinc mineralization [11][15]
Bunker Hill Announces Final Tranche of Silver Loan Facility
Globenewswire· 2026-01-31 00:30
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed the seventh and final tranche of a silver loan amounting to approximately US$4.76 million, which is equivalent to 50,958 ounces of silver, as part of a larger financing initiative to support the restart and development of the Bunker Hill Mine [1][2]. Financing Details - The total silver loan agreement allows for up to 1.2 million ounces of silver to be advanced in multiple tranches, with the first tranche closed on August 8, 2024, for US$16.42 million (609,805 ounces of silver) [3]. - Subsequent tranches included US$6.37 million (200,000 ounces) on September 24, 2024, US$6.32 million (198,777 ounces) on November 6, 2024, US$1.25 million (39,620 ounces) on November 13, 2024, US$1.48 million (50,198 ounces) on December 31, 2024, and US$2.52 million (50,384 ounces) on November 10, 2025 [3][4]. Warrants Issued - A total of 3,000,000 non-transferable bonus share purchase warrants have been issued to Monetary Metals in connection with the silver loan, with no warrants issued for the final tranche [4]. Company Overview - Bunker Hill Mining Corp. is focused on the restart of the historic Bunker Hill Mine, located in Idaho's Coeur d'Alene Mining District, which has a rich history of zinc, lead, and silver production [6]. - The company aims to unlock the remaining value of this asset through modern exploration and responsible mining practices, positioning itself to maximize shareholder value [6].
Bunker Hill Announces Final Tranche of Silver Loan Facility
Globenewswire· 2026-01-31 00:30
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed the seventh and final tranche of a silver loan, totaling approximately US$4.76 million, to support the restart and development of the Bunker Hill Mine [1][2]. Group 1: Silver Loan Details - The total principal amount of the silver loan is up to 1.2 million ounces of silver, advanced in multiple tranches [3]. - The first tranche was closed on August 8, 2024, for US$16,422,039, equivalent to 609,805 ounces of silver [3]. - Subsequent tranches included amounts of US$6,369,000 for 200,000 ounces, US$6,321,112 for 198,777 ounces, US$1,250,000 for 39,620 ounces, US$1,478,847 for 50,198 ounces, and US$2,521,215 for 50,384 ounces [3][4]. Group 2: Warrants Issued - A total of 3,000,000 non-transferable bonus share purchase warrants have been issued to Monetary Metals in connection with the silver loan, with no warrants issued for the final tranche [4]. Group 3: Company Overview - Bunker Hill Mining Corp. is focused on the restart of the historic Bunker Hill Mine, located in Idaho's Coeur d'Alene Mining District, known for its rich history in zinc, lead, and silver production [6]. - The company aims to unlock the remaining value of this asset through modern exploration and responsible mining practices, with a strategic focus on maximizing shareholder value [6].
Bunker Hill Enters 2026 With Strong Momentum Positioned As a New U.S. Critical Metals Producer
Globenewswire· 2026-01-06 11:15
Core Viewpoint - Bunker Hill Mining Corp. has made significant foundational progress in 2025, focusing on advancing the Bunker Hill Mine towards production and free cash generation, with a strong emphasis on safety and operational readiness as it prepares for a mine restart in 2026 [2][10]. Group 1: 2025 Year in Review - The company achieved zero Lost Time Injuries (LTIs) for the third consecutive year, maintaining 100% compliance with environmental permits [6]. - Key milestones included the optimization of the mine restart plan, increased silver content, and collaboration with VRIFY for enhanced mineral discovery [3][4][6]. - Metallurgical test work indicated expected recoveries of 89% for silver, 87% for lead, and 92% for zinc [6]. Group 2: Financial Strengthening - Bunker Hill completed a refinancing package that reduced outstanding debt by approximately 39% and lowered the effective cost of capital from 11.85% to 5% [9]. - The company secured incremental funding of US$68 million to finance remaining project milestones, enhancing liquidity and positioning for initial production [9]. Group 3: 2026 Outlook - The company is focused on production, positive cash generation, and resource expansion, with an emphasis on increasing the silver content in the mine plan [10]. - Processing plant construction is 88% complete, with phased commissioning starting in January 2026, aiming for a mine restart in the first half of 2026 [12]. - The tailings filter press construction is 56% complete, also on track for the expected mine restart [12]. Group 4: Market Environment - Metal prices for silver, zinc, and lead have strengthened significantly compared to previous assumptions, which could positively impact project economics [14][15]. - The company’s exposure to silver and base metals, along with its brownfield restart profile, provides leverage to favorable commodity markets [16].
Bunker Hill Announces Election to Issue Shares in Satisfaction of Interest and Service Payment Obligations
Globenewswire· 2025-12-30 03:13
Core Viewpoint - Bunker Hill Mining Corp. has announced the issuance of 1,578,430 shares of common stock to satisfy interest payments on certain debt instruments totaling US$268,333.33 as of December 31, 2025 [1][2][3] Debt Instruments and Interest Payments - The company will issue 450,980 shares for 5.0% Series 1 secured convertible debentures, covering US$76,666.67 in interest, and 1,127,450 shares for 5.0% Series 2 secured convertible debentures, covering US$191,666.67 in interest [1] - The Series 1 Debentures mature on March 31, 2028, and the Series 2 Debentures mature on March 31, 2029 [1] Pricing and Related Party Transactions - Interest Shares will be issued at USD$0.17 (approximately C$0.23) based on 90% of the 10-day volume weighted average trading price during the Pricing Period [2] - An aggregate of 1,503,266 Interest Shares will be issued to Sprott Private Resource Streaming and Royalty Corp., constituting a related party transaction [3] Consulting Agreement and Shares for Services - The company will issue shares in exchange for consulting services provided by Henderson House Holdings, LLC, amounting to US$15,000.00 per month over a 12-month period [4] - A total of 328,831 Shares for Services will be issued for the period from August 1, 2025, to November 30, 2025, at a price of C$0.1913 per share [4] Regulatory Approvals and Hold Period - Both the Interest Shares and Shares for Services are subject to regulatory approvals, including TSX-V approval, and will have a four-month and one-day hold period under Canadian securities laws [5]
Bunker Hill Completes The Ranger Page Project Acquisition in Idaho’s Silver Valley and Provides Corporate Update; Advances Exploration in Idaho Leveraging VRIFY’s AI-Enabled Exploration Intelligence Software
Globenewswire· 2025-12-12 11:00
Core Points - Bunker Hill Mining Corp has completed the acquisition of mineral interests from Silver Dollar Resources, consolidating control over a historically productive area in Idaho's Silver Valley mining district [1][2][3] - The acquisition includes a 100% interest in the Ranger-Page mineral interests and a 75% interest in the Government Gulch property, expanding the company's mineral claim package by approximately 1,205 acres [1][2][4] - The total consideration for the acquisition is approximately US$2.4 million, paid in shares of Bunker Hill's common stock [4][5] Acquisition Details - The acquisition enhances Bunker Hill's operational footprint and provides access to an extensive historical geological database, which could extend the operational life of the Bunker Hill Mine [2][3] - The asset purchase agreement includes a structured payment schedule for the shares, with specific release dates for the shares to the vendor [4][5][6] - The transaction is arm's length, and no finder's fee was paid [6] Option Agreements - Bunker Hill has acquired Silver Dollar's position under option agreements with Deadwood Land, LLC and Blackhawk Exploration LLC, allowing for potential future acquisitions of mineral interests [7][8][10] - The Deadwood Option allows Bunker Hill to negotiate for surface rights necessary to support mining operations, with a payment of $1.5 million required before November 17, 2031 [9][8] - The Blackhawk Option includes a 75% interest in the Blackhawk Property, with the potential to acquire the remaining 25% by December 31, 2025 [10][12] AI Integration - Bunker Hill has partnered with VRIFY Technology Inc. to utilize AI and machine learning technology for enhancing exploration efficiency in the expanded Bunker Hill and Ranger-Page Project [14][15] - The integration of VRIFY's DORA software aims to process extensive geological datasets to uncover new patterns and refine exploration targets [15][17] - This AI-assisted approach is expected to accelerate the path from data to discovery, addressing the urgent need for innovation in the mining industry [17][18] Corporate Activities - The company's board of directors has approved an increase in the authorized shares of common stock from 2.5 billion to 3.5 billion, providing greater flexibility for future issuances [23][24][25] - The amendment reflecting the Authorized Share Increase was approved by stockholders representing 53.36% of the company's outstanding voting power [24]
Bunker Hill Completes The Ranger Page Project Acquisition in Idaho's Silver Valley and Provides Corporate Update; Advances Exploration in Idaho Leveraging VRIFY's AI-Enabled Exploration Intelligence Software
Globenewswire· 2025-12-12 11:00
Core Insights - Bunker Hill Mining Corp has successfully completed the acquisition of mineral interests from Silver Dollar Resources, enhancing its control over a historically productive area in Idaho's Silver Valley mining district [1][2][3] Transaction Details - The acquisition includes a 100% interest in the Ranger-Page mineral interests and a 75% interest in the Government Gulch property, totaling approximately US$2.4 million, paid in shares [4][5] - The asset purchase agreement includes a contractual escrow payment schedule for the release of shares to the vendor [5][6] - The transaction is arm's length, with no finder's fee involved, and includes options for additional mineral interests from Deadwood Land, LLC and Blackhawk Exploration LLC [7][8][10] Strategic Implications - The acquisition consolidates Bunker Hill's mineral claim package by approximately 1,205 acres (4.8 km²) and includes a historical geological database, potentially extending the operational life of the Bunker Hill Mine [2][3] - The project is expected to maximize economies of scale and unlock local synergies, enhancing the company's long-term development pipeline [2][3] Technological Advancements - Bunker Hill has partnered with VRIFY Technology Inc. to utilize AI and machine learning for exploration efficiency, leveraging extensive geological datasets [14][15] - The integration of VRIFY's DORA software aims to enhance project understanding and accelerate discovery in the Silver Valley [15][19] Corporate Governance - The company's board has approved an increase in authorized shares from 2.5 billion to 3.5 billion, providing greater flexibility for future stock issuances [23][24][25]