other material
confidence high
sentiment positive
materiality 0.90
Bunker Hill Mining upsizes project financing to $67M with Sprott; Teck exercises offtake option
Bunker Hill Mining Corp.
- $67M package: $46M multi-metals stream + $21M debt facility; total Sprott commitment now $96M.
- Closing expected June 2023; first concentrate production targeted Q4 2024.
- Teck exercises option to acquire 100% of zinc/lead concentrate for 5-year period.
- Maturities of Series 1 & 2 convertible debentures ($21M total) extended to March 31, 2026.
- Stream terms unchanged: 10% of payable metals until 63.5M lbs zinc, 40.4M lbs lead, 1.2M oz silver delivered.