The Prospector News

Bunker Hill Announces Closing of $5,000,000 Loan Facility

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Bunker Hill Announces Closing of $5,000,000 Loan Facility

 

 

 

 

 

Bunker Hill Mining Corp. (CSE: BNKR) (OTCQB: BHLL) is pleased to announce the closing of the previously announced $5,000,000 loan facility with Sprott Private Resource Streaming & Royalty Corp.

 

As noted in the Company’s news release of November 18, 2022, the Facility is secured by the security package currently in place between the parties, bears interest at a rate of 10.5% per annum, and will mature at the earlier of (i) the advance of the multi-metals Stream, or (ii) June 30, 2024. A minimum of 6 months interest will apply. In addition, the minimum quantity of metal delivered under the Stream, if advanced, will increase by 5% relative to amounts previously announced. The use of proceeds will be primarily for outstanding water treatment charges to the Environmental Protection Agency, monthly water treatment payments to the Idaho Department of Environmental Quality, project costs and working capital.

 

ABOUT BUNKER HILL MINING CORP.

 

Under new Idaho-based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

 

Posted December 6, 2022

Share this news article

MORE or "UNCATEGORIZED"


Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) pleased to announce the results from four add... READ MORE

November 5, 2025

West Point Gold Extends Gold Mineralization at NE Tyro; Drills 24.4 m of 1.63 g/t Au near surface; Commences Drilling at Tyro NE Deep

West Point Gold Corp. (TSX-V: WPG) (OTCQB: WPGCF) (FSE: LRA0) announces additional drill results fr... READ MORE

November 5, 2025

Alpha Announces New Drilling Results from Ongoing 2025 Exploration Program at the Aburna Gold Project

Alpha Exploration Ltd. (TSX-V: ALEX) is pleased to announce drilling results from the initial 2,105 ... READ MORE

November 5, 2025

NevGold Announces Up to 85% Antimony Recovery From Positive Phase II Metallurgical Testwork at Oxide Gold-Antimony Limo Butte Project in Nevada

NevGold Corp. (TSX-V:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce further positive an... READ MORE

November 5, 2025

Perseverance Metals Reports High Grade, >4% Nickel from Initial Drilling of the Venus East Ni-Cu-Co-PGE Trend, Lac Gayot Project, Québec

Perseverance Metals Inc. (TSX-V: PMI) is very pleased to provide initial assay results from the 202... READ MORE

November 5, 2025

Copyright 2025 The Prospector News