The Prospector News

Bunker Hill Mining Receives Third Tranche from Sprott Standby Facility

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Bunker Hill Mining Receives Third Tranche from Sprott Standby Facility

Bunker Hill Mining Corp. (TSX-V: BNKR)(OTCQB: BHLL) announces it has been advanced the third tranche, in the amount of US$5 million under the senior secured credit facility with Sprott Private Resource Streaming and Royalty Corp., pursuant to which Sprott Streaming has already advanced US$10 million and has agreed to advance up to an aggregate of US$21 million under the Standby Facility, to fund development costs of the Company’s Bunker Hill Mine located in Kellogg, Idaho subject to the satisfaction of certain conditions.

Sam Ash, President and CEO, stated, “As we continue discussions with strategic financing partners and engage with representatives of the incoming administration in the nation’s capital, the operational team at Bunker Hill continues to advance its restart project with the consistent and vital support of Sprott Streaming, working to create new American mining jobs and metal in ways that improve long-term American industrial security.

Figure 1: Caroline Donally, Managing Partner Sprott Streaming, at the site last week accompanied by Mike Eiselein, Process Manager and Tom Francis, General Manager

 

ABOUT BUNKER HILL MINING CORP. 

Bunker Hill Mining Corp. is an American mineral exploration and development company focused on revitalizing our historic mining asset: the renowned zinc, lead, and silver deposit in northern Idaho’s prolific Coeur d’Alene mining district. This strategic initiative aims to breathe new life into a once-productive mine, leveraging modern exploration techniques and sustainable development practices to unlock the potential of this mineral-rich region. Bunker Hill Mining Corp. aims to maximize shareholder value while responsibly harnessing the mineral wealth in the Silver Valley mining district by concentrating our efforts on this single, high-potential asset. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR databases.

Posted January 21, 2025

Share this news article

MORE or "UNCATEGORIZED"


GoldHaven Announces Closing of Private Placement

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is... READ MORE

February 16, 2025

POWER METALS DELIVERS MORE HIGH-GRADE CESIUM AND TANTALUM RESULTS FROM CASE LAKE

Major Highlights Additional results from the Phase III exploratio... READ MORE

February 16, 2025

WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WR... READ MORE

February 16, 2025

Arizona Sonoran Announces Royal Gold’s Purchase of Existing NSR on the Cactus Project

Arizona Sonoran Copper Company Inc. (TSX:ASCU) (OTCQX:ASCUF)  an... READ MORE

February 13, 2025

Emerita Intersects 9.3 Meters Grading 1.1% Copper and 1.2 G/T Gold with Additional Base Metal Sulphides at El Cura Deposit

Emerita Resources Corp. (TSX-V: EMO) (OTCQB: EMOTF) (FSE: LLJA) c... READ MORE

February 13, 2025

Copyright 2025 The Prospector News