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Overview of Bunker Hill Mining
Bunker Hill Mining Corporation (BHLL) is transforming a historic mining asset into a modern, sustainable operation by revitalizing the iconic Bunker Hill silver–lead–zinc mine in Kellogg, Idaho. The company integrates sustainable mining practices with advanced extraction techniques to efficiently produce essential metals that underpin a low–carbon future. With a refined focus on asset regeneration and capital discipline, Bunker Hill is redefining the standards for revitalizing legacy mining operations.
Core Business and Operations
At its core, Bunker Hill Mining is dedicated to the sustainable restart and development of its primary mining asset. The company harnesses modern technology to extract and process zinc, silver, and lead, generating a diversified product portfolio in the metallurgical sector. These metals are critical ingredients in various industrial applications, including galvanization processes essential for sustainable construction and infrastructure. Employing modern extraction techniques and disciplined capital allocation, the company manages its operations with heightened efficiency and safety standards.
Market Position and Competitive Dynamics
Bunker Hill Mining occupies a unique niche in the mining industry. Amid a competitive landscape that includes long–standing, legacy mining operations, its strategy of asset regeneration and operational modernization enables it to stand apart. By transforming an underperforming mine into a viable, high–margin operation, the company reinforces its market relevance. Investors and industry experts note that its approach to resource optimization through sustainable practices and innovative finance mechanisms—such as non–dilutive silver bonds—further cements its differentiated market position.
Sustainable and Innovative Practices
The company is deeply committed to employing sustainable production methods that minimize environmental impact while maximizing resource recovery. Modern mining technologies and advanced extraction processes form the backbone of its operational strategy. Bunker Hill Mining is leveraging innovative financing structures to support its rapid re–start and ongoing development, underscoring a clear emphasis on non–dilutive capital solutions. These practices not only ensure the efficient use of capital but also promote long–term sustainability throughout the resource extraction process.
Operational Excellence and Technological Advancements
Operational excellence is achieved through the integration of modern extraction techniques and meticulous asset management practices. The company has strategically optimized its operations by refurbishing legacy infrastructure and innovating in key areas such as conveyor systems, concentrator linking, and ramp stabilization. Each phase of the operation is designed to enhance productivity and ensure the safe and environmentally responsible extraction of critical metals.
Industry Impact and Stakeholder Value
Bunker Hill Mining plays a crucial role in supplying metals that are essential for both traditional industrial processes and emerging low–carbon technologies. The production of zinc, silver, and lead is integral to the sustainable development framework that supports modern infrastructure initiatives. Through prudent resource management and an unwavering focus on operational efficiency, the company is well positioned to provide enduring stakeholder value. Its clear emphasis on generating returns via the regeneration of legacy assets serves as a robust model for modern mining in a rapidly evolving market.
Investor Communication and Transparency
The company places significant importance on clear, transparent communication with its investors. Regular updates on its operational milestones, strategic refinements, and technological advancements provide a steady stream of information that reinforces its credibility and industry insight. This commitment to transparency ensures that both institutional and individual investors are well informed about the company’s strategic processes and operational outcomes.
Conclusion
In summary, Bunker Hill Mining Corporation epitomizes a progressive shift in mining operations, where legacy assets are revitalized with modern techniques and sustainable practices. Its multi–faceted approach—not only in technological innovation but also in financial strategy—illustrates a comprehensive commitment to balancing performance with responsible resource management. By focusing on efficient extraction and sustainable production of essential metals, Bunker Hill Mining continues to solidify its role as a pivotal player within an industry that is critical to global infrastructure and the emerging low–carbon economy.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHILL) has announced its decision to issue 5,175,000 shares of common stock to satisfy interest payments on its 7.5% and 10.5% convertible debentures due September 30, 2024. The interest payment totals USD$517,500. The shares will be issued at USD$0.10 per share, based on 90% of the 10-day volume-weighted average trading price on the TSX-V from September 9-20, 2024.
Notably, 4,983,334 shares will be issued to Sprott Private Resource Streaming and Royalty Corp., constituting a related party transaction. The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101. The issuance is subject to regulatory approvals and a four-month hold period.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) has announced its decision to issue 506,775 shares of common stock at a deemed price of C$0.16 per share to satisfy a US$60,000 financing cooperation fee owed to a creditor. This fee covers the period from April 1 to June 30, 2024, and is part of an agreement where the creditor provides collateral security for surety bonds related to the Bunker Hill Mine. The company chose to issue shares instead of cash to preserve funds for potential mine restart and development. The transaction requires regulatory approvals, including TSX Venture Exchange approval. The issued shares will have a four-month and one-day hold period and are not registered under U.S. securities laws.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHILL) has provided a corporate update on the re-start of its Bunker Hill Mine in Kellogg, Idaho. Key highlights include:
1. Construction is progressing well, with mining, stockpiling, and mill commissioning expected by the end of 2024.
2. Production ramp-up to 1800 tpd is planned for H1 2025.
3. Underground rehabilitation and infrastructure improvements are on track.
4. An underground resource expansion drill program has been initiated.
5. The company closed the first tranche of a Silver Loan with Monetary Metals & Co., worth US$16,422,039.
6. Bunker Hill will present at the 2024 Precious Metals Summit in Beaver Creek, Colorado.
The company aims to deliver its first ore to stockpile by Q4 2024 and anticipates the inaugural concentrate shipment to Teck smelter in Trail, BC, in H1 2025.
Bunker Hill Mining Corp. (TSX-V:BNKR; OTCQB:BHILL) has entered into a Silver Loan agreement with Monetary Metals Bond III for up to 1.2 million ounces of silver. The company has closed the first tranche of US$16,422,039, equivalent to 609,805 ounces of silver. The loan has a 3-year term with 15% annual interest, payable in cash or silver.
As part of the agreement, Bunker Hill will issue non-transferable bonus share purchase warrants to Monetary Metals & Co., subject to TSX-V approval. The company has also amended its existing financing package with Sprott Streaming, extending maturity dates and adjusting terms for convertible debentures, a royalty put option, and a loan facility.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHILL) has appointed Nick Dunnink as Vice President of Business Development, effective August 1, 2024. Dunnink brings extensive experience in the mining industry and capital markets, having previously founded an independent consultancy and worked for ten years in mining and metals investment banking. His expertise includes assisting in over $20 billion in transactions, including global mergers and acquisitions, structured finance, and capital raises across North America.
Dunnink is a Chartered Financial Analyst with a Certificate in ESG Investing from the CFA Institute and a Bachelor of Commerce from the University of Windsor. The company has granted him 87,493 stock options at C$0.16 per share, vesting on August 1, 2025.
Bunker Hill Mining Corp. (TSX-V:BNKR; OTCQB:BHLL) has received an enhanced ESG rating from Digbee, achieving an overall score of 'A' in its third annual assessment. This marks the project's upgrade from 'exploration' to 'development' phase. The company aims to revive a historic mine within an active EPA Superfund clean-up site, focusing on remediation, mineral extraction, and community support.
CEO Sam Ash emphasized the company's commitment to ESG excellence and continuous improvement. Bunker Hill's unique corporate governance system, modeled after Ford Motor Company's approach, ensures transparency and effective decision-making. The mine's restart is expected to generate employment opportunities and support local infrastructure and skills development.
Digbee's CEO, Jamie Strauss, commended Bunker Hill's commitment to ESG transparency and performance, noting steady improvement over the past three years. The company is well-positioned to develop a sustainable mine for the essential metals supply chain.
Bunker Hill Mining announces the issuance of 4,653,409 common stock shares to satisfy interest obligations on its Series 1 and Series 2 Convertible Debentures. The total interest payable is USD$511,875 as of June 30, 2024. The shares will be issued at USD$0.11 each, reflecting 90% of the 10-day volume-weighted average trading price from June 10 to June 21, 2024. A significant portion of these shares, 4,481,061, will go to Sprott Private Resource Streaming and Royalty Corp., making it a related party transaction. This issuance is subject to regulatory approvals and will include a hold period under Canadian securities laws. Convertible Debentures mature on March 31, 2026.
Bunker Hill Mining Corp. (OTCQB: BHLL) announced the outcomes of its annual general meeting held on June 20, 2024, in Vancouver, British Columbia. All six director nominees were re-elected, including Sam Ash, Mark Cruise, Dickson Hall, Pamela Saxton, Paul Smith, and Richard Williams. The company also acknowledged the contributions of Cassandra Joseph, who did not stand for re-election. Shareholders ratified MNP LLP as the auditor for the fiscal year ending December 31, 2024, approved the adoption and renewal of the amended restricted stock unit incentive plan, and renewed the company’s stock option plan. Additionally, shareholders approved, on an advisory basis, the compensation of named executive officers and an annual advisory vote on executive compensation. The amended RSU plan, which allows for the issuance of up to 33,909,921 common shares (10% of outstanding shares as of May 8, 2024), was adopted.
Bunker Hill Mining announced signing a term sheet with Monetary Metals for a silver loan facility of up to 1.2 million ounces. The loan aims to support the re-start and ongoing development of the Bunker Hill Mine. The loan, with a term of three years, will be secured against the company's assets and bear an annual interest rate of 15%, payable in silver ounces quarterly. The financing is subject to various conditions, including TSX Venture Exchange acceptance and satisfactory due diligence. Proceeds will be used to replace an existing undrawn Sprott facility at a lower cost of capital. Additionally, Bunker Hill will issue bonus share purchase warrants to Monetary Metals, subject to prior TSX-V approval.
Bunker Hill Mining provides an update on its underground exploration at the Bunker Hill Mine in Kellogg, Idaho. Covering 1300 acres, the mine has produced over 5Mt of base metals and 165Moz of silver before 1981. The new exploration uses advanced geophysical technologies to identify low-risk, high-reward Zinc-Lead-Silver targets. The initial 'proof of concept' focus targets Quill and Newgard zones, aiming to discover high-impact mineralization adjacent to existing infrastructure.
The company plans a 9,000-foot diamond drilling program in 2024, focusing on resource expansion to support the first five years of production. Potential discoveries of rare earth elements like Germanium, Gallium, and Indium will also be evaluated. Construction is on schedule with mining and mill commissioning expected by Q4 2024.
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