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Bunker Hill Announces Sixth Tranche of Silver Loan Facility
Globenewswire· 2025-11-11 05:19
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed the sixth tranche of a silver loan with Monetary Metals Bond III LLC, amounting to US$2,521,215, equivalent to 50,384 ounces of silver, which supports the restart and expansion of the Bunker Hill Mine [1][2] Silver Loan Details - The total silver loan agreement allows for up to 1.2 million ounces of silver to be advanced in multiple tranches to support the Bunker Hill Mine's development [3] - Previous tranches include: - First Tranche: US$16,422,039 for 609,805 ounces of silver [3] - Second Tranche: US$6,369,000 for 200,000 ounces of silver [3] - Third Tranche: US$6,321,112 for 198,777 ounces of silver [3] - Fourth Tranche: US$1,250,000 for 39,620 ounces of silver [3] - Fifth Tranche: US$1,478,847 for 50,198 ounces of silver [3] Warrants Issuance - A total of 742,219 bonus warrants will be issued in connection with the sixth tranche, allowing holders to acquire common stock at an exercise price of C$0.19, valid until August 8, 2027 [5] - Cumulatively, 2,257,781 warrants have been issued to Monetary Metals under the silver loan [4] Amendments to Agreements - An amendment to the secured promissory note purchase agreement has been made to extend the availability date for advances from June 30, 2025, to January 31, 2026 [8] - The total number of bonus warrants issued or issuable will not exceed 3,000,000 as per the agreement [8] Company Overview - Bunker Hill Mining Corp. focuses on revitalizing its historic mining asset in Idaho's Coeur d'Alene mining district, aiming to maximize shareholder value through modern exploration techniques and sustainable practices [9]