other material
confidence high
sentiment positive
materiality 0.85
Bunker Hill Mining announces $40M Teck investment, $20M offering, and debt restructuring
Bunker Hill Mining Corp.
- Teck commits up to US$40M (C$57.48M) in units at US$0.1051/share + half warrant.
- Brokered offering of up to US$20M led by BMO, CIBC, Red Cloud; agents' option for 28.6M units.
- Debt restructuring: Series 1 ($6M) and Series 2 ($15M) CDs interest cut to 5%; royalty fixed at 1.5%.
- Sprott to exchange $46M stream for $10M Series 3 CDs, ~143M shares at $0.1051, and new 1.65% royalty.
- Standby prepayment facility up to $10M from Teck; offtake agreements extended to life-of-mine.