other material
confidence high
sentiment positive
materiality 0.75
Bunker Hill ships first concentrate to Teck's Trail Smelter; draws $5M under standby facility
Bunker Hill Mining Corp.
- First concentrate shipment to Teck's Trail Smelter; revenue generation for first time in over 45 years.
- Drew US$5.0M under uncommitted standby facility from Teck; interest at 13.5% p.a. until June 2027, then 15%.
- Processing plant designed for 1,800 tpd; target full commercial production by end of 2026.
- Bylaws amended: quorum raised from 5% to 33 1/3% of issued shares; new stockholder proposal deadlines.
- Plant expandable to ~2,500 tpd with modest incremental capital; paste backfill plant commissioning expected within 3 weeks.