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Bunker Hill Mining Corp operates the historic Bunker Hill Mine in Kellogg, Idaho, advancing the restart of this legendary silver, lead, and zinc operation. Company developments frequently involve project construction updates, exploration results, mineral resource estimates, partnership announcements, and financing activities.
News coverage often focuses on mine development milestones including underground infrastructure rehabilitation, processing plant construction progress, and equipment installation and commissioning. The company regularly announces completion percentages, procurement updates, and timeline projections related to the restart of mining and processing operations.
Exploration announcements typically highlight drilling results, high-grade intercepts, resource expansion potential, and strategic property acquisitions. The company conducts ongoing diamond drilling programs to convert inferred resources to higher confidence categories and identify new mineralized zones adjacent to existing underground workings.
Corporate news frequently covers strategic partnerships, equity financings, debt restructurings, and commercial agreements. The company has formed relationships with major mining companies, streaming firms, and financial institutions to support project development. Offtake arrangements for concentrate products and working capital facilities represent significant corporate developments.
Regulatory and compliance matters may include permit approvals, environmental monitoring results, safety performance updates, and coordination with government agencies. The operation's location within a Superfund site requires ongoing environmental management and regulatory oversight.
Investor communications include project updates, resource estimates, feasibility study results, and operational guidance. The company maintains listings on multiple exchanges and provides regular updates on progress toward production targets and key milestones.
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.
Bunker Hill Mining Corp. (CSE: BNKR; OTCQB: BHLL) has filed an amended pre-effective registration statement on Form S-1 with the SEC for a proposed public offering of common stock. The offering aims for a minimum size of US$6.5 million and a maximum of US$11.0 million, with an assumed share price of US$0.09. Proceeds will fund key milestones for restarting the Bunker Hill Mine and for working capital. The offering will be conducted by Echelon Capital Markets and Roth Capital Partners among others, on a best-efforts basis. The registration statement is pending effectiveness, and no shares can be sold or offered until it is approved.
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.
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