8-K
filed June 29, 2023, 7:59 PM ET
ticker BHLL
CIK 0001407583
other material
confidence high
sentiment positive
materiality 0.75
Bunker Hill closes $67M financing package with Sprott for mine restart
Bunker Hill Mining Corp.
- $46M multi-metals stream (10% of metals until targets, then 2%) and $21M debt facility closed.
- Total Sprott commitment to Bunker Hill mine restart increased to $96M including prior debentures.
- Royalty convertible repaid; maturity of $6M CD1 and $15M CD2 extended to March 31, 2026.
- EPA bond increased by $2M, releasing restricted cash for project activities in July 2023.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bunker Hill Mining Corp. amended Omnibus Amendment Agreement with certain affiliates of Sprott Streaming and the other parties named therein (effective 2023-06-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- certain affiliates of Sprott Streaming and the other parties named therein
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023, Bunker Hill Mining Corp., a Delaware corporation (the " Company "), and Silver Valley Metals Corp., an Idaho corporation and wholly owned subsidiary of the Company (" Silver Valley "), entered into (i) a metals purchase agreement (the " Metals Purchase Agreement ") with an affiliate of Sprott Private Resource Streaming & Royalty Corp. (" Sprott Streaming "), (ii) a loan agreement (the " Loan Agreement ") with two affiliates Sprott Streaming (collectively, the " Lenders "), and (iii) a fourth omnibus amendment agreement with certain affiliates of Sprott Streaming and the other parties named therein (the " Omnibus Amendment Agreement ") for an upsized $67 million project financing package.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bunker Hill Mining Corp. entered into Loan Agreement with two affiliates of Sprott Private Resource Streaming & Royalty Corp. valued at $21 million (effective 2023-06-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- two affiliates of Sprott Private Resource Streaming & Royalty Corp.
- Value
- $21 million
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023, Bunker Hill Mining Corp., a Delaware corporation (the " Company "), and Silver Valley Metals Corp., an Idaho corporation and wholly owned subsidiary of the Company (" Silver Valley "), entered into (i) a metals purchase agreement (the " Metals Purchase Agreement ") with an affiliate of Sprott Private Resource Streaming & Royalty Corp. (" Sprott Streaming "), (ii) a loan agreement (the " Loan Agreement ") with two affiliates Sprott Streaming (collectively, the " Lenders "), and (iii) a fourth omnibus amendment agreement with certain affiliates of Sprott Streaming and the other parties named therein (the " Omnibus Amendment Agreement ") for an upsized $67 million project financing package.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bunker Hill Mining Corp. entered into Metals Purchase Agreement with an affiliate of Sprott Private Resource Streaming & Royalty Corp. valued at $46 million (effective 2023-06-23).
- Action
- entry
- Agreement
- supply
- Counterparty
- an affiliate of Sprott Private Resource Streaming & Royalty Corp.
- Value
- $46 million
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023, Bunker Hill Mining Corp., a Delaware corporation (the " Company "), and Silver Valley Metals Corp., an Idaho corporation and wholly owned subsidiary of the Company (" Silver Valley "), entered into (i) a metals purchase agreement (the " Metals Purchase Agreement ") with an affiliate of Sprott Private Resource Streaming & Royalty Corp. (" Sprott Streaming "), (ii) a loan agreement (the " Loan Agreement ") with two affiliates Sprott Streaming (collectively, the " Lenders "), and (iii) a fourth omnibus amendment agreement with certain affiliates of Sprott Streaming and the other parties named therein (the " Omnibus Amendment Agreement ") for an upsized $67 million project financing package.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bunker Hill Mining Corp. entered into Royalty Agreement with an affiliate of Sprott Streaming (effective 2023-06-23).
- Action
- entry
- Counterparty
- an affiliate of Sprott Streaming
- Effective
- 2023-06-23
Exact text from the filing
pursuant to a royalty agreement, dated as of June 23, 2023, among the Company, Silver Valley, and an affiliate of Sprott Streaming (the " Royalty Agreement ")
View on SEC.gov
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