BUNKER HILL MINING CP - BHLL STOCK NEWS

Bunker Hill Mining (TSX-V: BNKR, OTCQB: BHLL) has received the third tranche of US$5 million from its senior secured credit facility with Sprott Private Resource Streaming and Royalty Corp. This follows previous advances totaling US$10 million, as part of an aggregate facility of up to US$21 million. The funding is designated for development costs at the Bunker Hill Mine in Kellogg, Idaho.

The company continues discussions with strategic financing partners and engages with the incoming administration while advancing its mine restart project. The funding aims to support job creation in American mining and enhance industrial security.

Bunker Hill Mining has provided an update on its operations and corporate activities. Key highlights include the achievement of a safety milestone with no injuries in 2024 and ongoing development of the processing plant, which will have a capacity of 1,800 tons per day, potentially expandable to 2,500 tons per day by 2026.

Significant progress has been made in underground infrastructure, including the completion of a new ramp and installation of a modern ventilation system. The company aims to restart operations in Q2 2025, creating 250 new jobs in Shoshone County, Idaho.

The mine's restart represents a major economic and environmental milestone, marking the first mining operation resumption within a Superfund Site since 1980. The company is also set to issue a new mineral estimate report in Q1 2025, with a full report expected in April 2025.

Bunker Hill has optimized its environmental bonding commitments, rearranging costs related to a $14 million obligation to the US EPA, expected to return approximately C$0.6 million to support the mine restart.

Additionally, the company will issue 621,500 shares to satisfy a US$60,000 financing cooperation fee, preserving cash for ongoing development. This transaction is subject to regulatory approvals.

Bunker Hill Mining (OTCQB:BHLL) has closed the fifth tranche of its silver loan facility with Monetary Metals Bond III , securing US$1,478,847 (equivalent to 50,198 ounces of silver). This follows previous tranches totaling approximately US$30.36 million, representing over 1 million ounces of silver equivalent.

The company will issue 100,397 non-transferable bonus share purchase warrants to Monetary Metals, exercisable at C$0.15 until August 8, 2027. Project development continues with procurement at 98% completion, and operations remain on track for an H1 2025 restart. Current progress includes refurbishment of underground access ramps and installation of processing plant infrastructure.

Bunker Hill Mining (TSXV:BNKR | OTCQB:BHLL) has updated its December 20 announcement regarding the issuance of up to 8,446,194 common shares. This includes up to 7,392,859 shares at USD$0.07 per share to satisfy debenture interest payments totaling USD$517,500, and up to 1,053,335 shares to a service provider for financing cooperation fees. Sprott Private Resource Streaming and Royalty Corp will receive up to 7,119,049 shares instead of the previously announced 7,392,859 shares. The company is issuing shares instead of cash to preserve capital for potential restart and development of the Bunker Hill Mine. All share issuances are subject to regulatory approval and will have a four-month hold period.

Bunker Hill Mining (OTCQB:BHLL) has announced its decision to issue 7,392,859 shares of common stock to satisfy interest payments worth USD$517,500 on its convertible debentures due December 31, 2024. The Interest Shares will be issued at USD$0.07 per share, based on 90% of the 10-day volume weighted average trading price. Additionally, the company will issue 509,480 shares at C$0.16 per share and 543,855 shares at C$0.15 per share to satisfy financing cooperation fees totaling USD$120,000 for Q2 and Q3 2024. These share issuances are subject to regulatory approvals and will have a four-month hold period.

Bunker Hill Mining (BHLL) has received the second tranche of US$5 million from Sprott's standby facility, which can provide up to US$21 million for the Bunker Hill Mine development in Idaho. The company reports significant progress with five stopes prepared for mining in the UTZ area and ongoing geotechnical stabilization of the main ramp at the Cate Fault.

Key operational updates include: grid power connection to processing facilities, continued work on conveyors, crusher tower, and tailings filter press, and installation of mezzanine floors in the concentrator building. Underground operations are advancing with ramp rehabilitation and stope preparation. The company plans to issue an updated mineral resource estimate in Q1 2025 and is pursuing additional financing of up to $30 million through strategic partner negotiations.

Bunker Hill Mining has announced significant high-grade zinc-lead-silver mineralization discoveries from its underground drilling program at the Bunker Hill Mine in Idaho. Notable intersections include 14.7% Zn, 5.2% Pb, and 2.10 Ag Opt over 13.2 ft, and 8.83% Zn, 2.95% Pb, and 0.85 Ag Opt over 13.5 ft. The company has completed 15 underground drill holes totaling 5,996 feet, targeting approximately 5% of the mine's 7 million tons inferred mineralization.

The drilling program, scheduled to conclude in December 2024, aims to inform technical and mine planning in the upper mine areas. Bunker Hill plans to issue an updated resource estimate in Q1 2025 and targets a mine restart in H1 2025, with zinc concentrate processing planned at Teck's Trail smelter in British Columbia.

Bunker Hill Mining announces updates to its mine restart project, which is currently 64% complete. The total restart expenditure has increased to $103 million from the previously forecasted $67 million, with a delay of up to four months. The company plans to secure financing through a $21 million standby facility from Sprott Private Resource Streaming and Royalty Corp and seeks an additional $30 million through potential offtake agreements.

The cost increase is attributed to significant input cost inflation, including a 53% rise in skilled construction labor costs, 40% increases in structural steel and copper costs, and a 20% increase in concrete prices. The project also faced setbacks due to a filter press scope change and an unexpected contractor departure. The revised timeline now targets operations to commence in Q2 2025.

Bunker Hill Mining (TSXV: BNKR) (OTCQB: BHLL) is advancing its historic U.S. mining asset with a focus on zinc production, positioning itself as a key supplier for the low-carbon energy transition. The company expects to generate 70% of its revenue from zinc, which is important for galvanization in sustainable infrastructure, while also producing silver and lead. The company has notably achieved a rapid transition from permitting to production in less than five years, outperforming the typical U.S. industry timeline.