BUNKER HILL MINING CP - BHLL STOCK NEWS

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.

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.