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"


Titan Mining Selected by the U.S. Army to Establish First-Ever Public-Private Partnership for Domestic Critical Minerals Processing on Strategic Defense Installations

Titan Mining Corporation (NYSE-A:TII) (TSX:TI), an existing zinc concentrate producer in upstate New... READ MORE

June 26, 2026

Searchlight Resources Announces Closing of Private Placement

Searchlight Resources Inc. (TSX-V: SCLT) (OTC Pink: SCLTF) is pleased to announce that it has close... READ MORE

June 26, 2026

Nuvau Winter Drilling at Thundermine Returns 5.28 g/t Au over 6.1 m, Including 7.22 g/t Au over 3.1 m

Nuvau Minerals Inc. (TSX-V: NMC) reports encouraging results from its winter drilling campaign at th... READ MORE

June 26, 2026

Pacific Ridge Closes Hard Dollar and Traditional Flow-Through Portions of Private Placement for Gross Proceeds of C$4.5 Million

Pacific Ridge Exploration Ltd. (TSX-V: PEX) (OTCQB: PEXZF) (FSE: PQW) is pleased to announce that it... READ MORE

June 26, 2026

Ximen Mining Corp in Final Stages of Building Stabilization Inspection at Kenville Mine Project

Ximen Mining Corp. (TSX-V: XIM) (FSE: 1XM) (OTC Pink: XXMMF) is pleased to provide the following upd... READ MORE

June 26, 2026

Copyright 2026 The Prospector News