Bunker Hill Stock Price, News & Analysis

The Bunker Hill Mining Corp has announced significant progress towards the restart of its mining operations scheduled for Q4 2023. A crucial 1,800-foot underground decline has been completed, granting access to approximately 2 million tons of mineralized material, positioning the company for low-cost mechanized mining. The completion of above-ground infrastructure is on budget, with demolition activities finished ahead of schedule. The optimization of the initial 18-month mine plan aims to enhance cash flow and reduce sustaining capital requirements. CEO Sam Ash acknowledged the team's resilience against inflationary pressures.

Bunker Hill Mining Corp (CSE: BNKR, OTCQB: BHLL) has successfully closed a $5 million loan facility with Sprott Private Resource Streaming & Royalty Corp. The facility, bearing an interest rate of 10.5% per annum, will mature by June 30, 2024, or upon the advance of a multi-metals stream. Proceeds will address outstanding water treatment charges and project costs. The company aims to restart the Bunker Hill Mine under new leadership, focusing on sustainable development and silver mining consolidation.

Bunker Hill Mining Corp. provided updates on their restart project in November 2022. Key achievements include: complete abatement of the maintenance shop, with demolition underway for a new mill building; advancement of the underground decline nearing breakthrough to the 6-Level; and significant progress on a power upgrade to facilitate lower-cost green energy. The company has committed to a new pre-engineered mill building design, aligning with their project timeline. An interactive investor event with CEO Sam Ash and CFO David Wiens is scheduled for December 6.

Bunker Hill Mining Corp. (CSE: BNKR) has filed a preliminary short form prospectus for a public offering of common stock, aiming for gross proceeds between C$7 million and C$12 million. The offering will be underwritten by Echelon Capital Markets and Roth Capital Partners. The company also filed a registration statement with the SEC for U.S. sales. Proceeds will fund key milestones for restarting the Bunker Hill mine in Idaho, including ramp completion and plant engineering. Closing is subject to necessary approvals and market conditions.

Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) announced a new $5,000,000 loan facility from Sprott Private Resource Streaming & Royalty Corp. The funds will cover environmental payments and project costs. The loan has a 10.5% interest rate and matures by June 30, 2024. The company's ongoing financing efforts include a $37,000,000 multi-metals stream and $15,000,000 offtake financing. The Bunker Hill mine restart project is progressing with key milestones expected by year-end 2022.

Bunker Hill Mining Corp. (OTCQB: BHLL) announced significant progress in its restart project for the Pend Oreille site. Demolition activities concluded ahead of schedule and under budget, marking the completion of initial site preparations. The procurement process for a new mill building is underway, coupled with ongoing geotechnical drilling for foundations. Additionally, underground development continues, with steady progress on the decline to the '6 Level'. The company aims to ensure readiness for the next phases of construction and development.

Bunker Hill Mining Corp. has filed an independent Preliminary Feasibility Study (PFS) for the Bunker Hill Mine in Idaho. The report, dated September 30, 2022, shows no material differences from previous results. The company secured a $5 million payment bond to improve liquidity by $3 million, reducing collateral for the US EPA. A $60,000 water management contract was awarded to MineWater LLC, along with 1,599,150 Restricted Share Units. The company aims to restart mining operations under new Idaho-based leadership with a focus on precious metals.

Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) has announced significant progress in its mine restart project, reporting results from its Phase 1 Prefeasibility Study (PFS). The study forecasts a low capital expenditure of $55 million, generating over $25 million in annual free cash flow and EBITDA exceeding $40 million. Key developments include securing a ball mill to increase production capacity to 2,100 tpd and selecting Strike Group as the procurement contractor. Demolition activities at the Pend Oreille site are progressing on schedule, with completion expected in November 2022.

On October 5, 2022, Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) shared significant updates regarding its restart project. The Phase 1 Prefeasibility Study (PFS) indicates a low capital expenditure of $55 million, expected annual free cash flow over $25 million, and EBITDA exceeding $40 million. The addition of a ball mill is projected to enhance production to 2,100 tons per day. Progress includes securing a construction contractor, advancing underground operations, and ongoing demolition at the Pend Oreille site, slated for completion in November.