Bunker Hill Mining Corp (OTCMKTS:BHLL): Here Are The Latest Updates
Naples, FL
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March 15, 2023 08:43 PM Eastern Daylight Time
In recent times, the mining and exploration industry has managed to garner considerable attention from investors, and for good reason too. The fluctuation in commodity prices led to considerable interest in many companies involved in the sector and one of the companies which could be worth tracking at this point is Bunker Hill Mining Corp (OTCMKTS:BHLL).
Not too long ago the company came under the control of a new leadership, which is based out of Idaho and it is now working on restarting its Bunker Hill Mine. The company believes that the sustainable restart of the mine is going to be the first step toward the consolidation of its portfolio of North American mining assets. The assets are primarily focused on silver. More information with regard to the company’s operations is available on its website as well as on the EDGAR and CEDAR databases.
As mentioned earlier, the reopening of the Bunker Hill mine is currently the top priority of Bunker Hill Mining Corp and last week on March 10 the company made a major new announcement with regard to the project.
The company provided an affirmation with regard to the budget estimates and the capital costs, while at the same time, it came up with an update about the project financing initiatives. The Chief Executive Officer of the company Sam Ash spoke about the company’s work. He noted that the budget estimates with regard to the restart plan remained in line with the previous estimates.
More importantly, the company announced that its financing plan for the project was based on the stream finance worth $37 million from Sprott Private Resource Streaming & Royalty Corp.
However, that financing source had now been complemented through the expression of interest for an upside $20 million offer from potential offtake finance providers. The team which is in charge of the project was on site and was only awaiting the completion of the equity financing activities as well as the offtake finance negotiations. The process plant construction activities and the detailed engineering regarding the same would be restarted at some point in the second quarter of 2023.
The company’s work on its financing activities has been in focus in recent times and earlier on in the month on March 2, Bunker Hill Mining Corp made a key new announcement. The company announced at the time that it had concluded the pricing of its private placement that had been announced previously through special warrants. The placement would involve up to C$9 million in special warrants in Bunker Hill Mining Corp.
The company announced that the special warrants that it would issue would be priced at C$0.12 each. Roth Capital Partners LLC and Echelon Wealth Partners Inc are going to act as the co-lead agents and joint book runners for the whole thing. The agents are not going to have any underwriter liability as part of the private placement. Each special warrant would be exercisable for no extra consideration.
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Contact Details
Mark McKelvie
+1 585-301-7700
Company Website
