Bunker Hill Stock Price, News & Analysis

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.

Bunker Hill Mining has closed the fourth tranche of its silver loan facility with Monetary Metals Bond III , securing US$1,250,000 (equivalent to 39,619.65 ounces of silver). The company's concentrator construction is 98% complete with components ready for installation. Underground drilling continues to inform an updated resource statement expected in Q1 2025, while a new drill program targeting high-grade silver is being prepared. The total silver loan facility includes previous tranches: First Tranche (US$16,422,039), Second Tranche (US$6,369,000), and Third Tranche (US$6,321,112). The company will issue 476,793 bonus warrants to Monetary Metals, exercisable at C$0.12 until August 8, 2027.

Monetary Metals has provided over 1 million ounces in silver bond financing to Bunker Hill Mining (OTCQB: BHLL), marking the first silver bond issuance in over 200 years. The three-year bond pays a 12% annual coupon in silver and supports the restart of the Bunker Hill Mine in Idaho. The agreement allows for up to 1.2 million ounces of silver to be loaned in tranches, with 1,008,581 ounces already delivered. Investors include high-net-worth individuals, family offices, and institutions. This innovative financing mechanism represents a non-dilutive funding solution for the mining sector.

Bunker Hill Mining has closed the third tranche of its silver loan facility with Monetary Metals Bond III , securing US$6,321,112 (equivalent to 198,777 ounces of silver) as of November 6, 2024. This follows the first tranche of US$16,422,039 (609,805 silver ounces) closed on August 8, and the second tranche of US$6,369,000 (200,000 silver ounces) closed on September 25. The total silver loan facility can reach up to 1.2 million ounces of silver. Additionally, the company issued 750,000 common shares at C$0.16 per share to settle partially a C$166,304.31 payment to a former director, with the remaining C$46,304.31 paid in cash.

Bunker Hill Mining has received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to $150M in debt funding with a 15-year term. The funding aims to accelerate the development of the Bunker 2.0 expansion project, which will increase production capacity from 1800tpd to 2500tpd. The company plans to restart operations in the first half of next year, conduct extensive drilling, and issue an updated resource report in Q1|25. The project focuses on mining zinc and silver, with zinc already listed as a US critical metal and silver under review for the 2025 critical metals list.

Bunker Hill Mining Corp. (TSXV:BNKR | OTCQX:BHLL) has provided an update on its construction progress and production timeline for the Bunker Hill Mining project in Idaho, USA. Key highlights include:

• Structural construction of the 1800 tpd Process Plant is 85% complete
• Procurement is 98% complete, with 95% of equipment on site or scheduled for delivery
• Pre-commissioning activities have begun, including staff recruitment and operational readiness tasks
• Underground rehabilitation continues on schedule
• Resource conversion drilling is intersecting mineralization as predicted
• Production is scheduled for H1 2025

The company reports excellent safety performance and significant progress in various areas, including the processing facility, underground operations, and systems implementation. The project remains on track for production start in the first half of 2025.

Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) has agreed to settle 1,051,787 vested deferred share units (DSUs) with a former director by issuing 1,039,403 common shares at C$0.16 per share. This settlement, valued at C$166,304.41, aims to preserve cash for the potential restart and development of the Bunker Hill Mine. The transaction requires regulatory approvals, including TSX-V approval. The issued shares will be subject to a four-month and one-day hold period under Canadian securities laws and applicable U.S. hold periods. These shares have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption compliance.