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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 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]