Bunker Hill Stock Price, News & Analysis

Bunker Hill Mining Corp. announced plans to amend the exercise price of 10,416,667 common stock purchase warrants. The company proposes to reduce the exercise price from C$0.37 to C$0.11 per warrant share and change the expiry date from May 12, 2025, to March 31, 2023. This amendment follows the issuance of these warrants to Teck Resources Limited for the acquisition of the Pend Oreille process plant. The changes require compliance with the Canadian Securities Exchange policies.

The company aims to restart operations at the Bunker Hill Mine under new Idaho-based leadership, focusing on consolidating North American mining assets.

Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) reaffirms its total capital cost and budget for restarting the Bunker Hill Mine based on optimized plans. CEO Sam Ash reports a retained budget in line with previous estimates, with a $37 million stream finance secured from Sprott and an upsized offtake finance proposal of $20 million. The project catalyzes towards construction activities to restart production by Q2 2024, maintaining the integrity of the pre-production budget. Interested expressions for offtake financing enhance project de-risking. Final partner selection is expected by Q2 2023, facilitating the project's completion.

Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) has announced significant progress in its corporate update as of February 28, 2023. The company is focused on completing financing initiatives, including equity and offtake financing valued up to $20 million, and a $37 million Stream from Sprott Private Resource Streaming & Royalty Corp. Key milestones include 90% completion of underground work enabling access to mineralization, and 60% completion of site preparation for a new 1800 ton-per-day processing plant. However, a temporary pause on discretionary activities has shifted the Bunker Hill Mine's restart to 2024. The company needs additional capital by March 2023 to continue operations.