Bunker Hill Mining Corp. announced it has received the third tranche of US$5 million from Sprott Streaming under a senior secured credit facility. This brings the total funding advanced to US$15 million, with an agreement for up to US$21 million. The funds will support the development costs of the Bunker Hill Mine in Kellogg, Idaho.
Monday, January 20, 2025 3:00 PM PST) announces it has been advanced the third tranche, in the amount of US$5 million under the senior secured credit facility , 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.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company’s objectives, goals or future plans, including the restart and development of the Bunker Hill Mine; the achievement of future short-term, medium-term and long-term operational strategies; further draws by the Company on the Standby Facility, including the Company satisfying any or all of the conditions in connection therewith; the planned use of funds from the Standby Facility; the...
The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Bunker Hill Mining Funding Sprott Streaming Credit Facility Mining Development
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forge Resources Corp. to Acquire Up to 60% Interest in Aion Mining Corp.Forge Resources Corp. has entered into a Letter of Intent (LOI) to acquire up to 60% interest in Aion Mining Corp., a company developing the fully permitted La Estrella coal project in Santander, Colombia. The transaction is valued at $5,000,000 and will be paid in cash and common shares.
Read more »
Leopard Lake Gold Corp. Appoints Mining Veteran Terence Ortslan as AdvisorLeopard Lake Gold Corp. announced the appointment of Terence Ortslan, a seasoned mining professional with over 40 years of experience, as an advisor to the company. Ortslan's extensive expertise in the mining sector will be instrumental in guiding Leopard Lake's exploration and acquisition efforts in Canada.
Read more »
Bunker Hill Announces Updates to Election to Issue Shares in Satisfaction of Debenture Interest Payment ObligationsBunker Hill provides updates regarding its decision to issue up to 8,446,194 shares of common stock to fulfill debenture interest payments and outstanding financing cooperation fees. The announcement highlights changes in the number of shares issued to Sprott Private Resource Streaming and Royalty Corp. and the related party transaction exemption.
Read more »
BIT Mining Expands to Ethiopia for Cheaper MiningBIT Mining acquired a significant amount of infrastructure in Ethiopia, leveraging the country's low electricity prices to extend the lifespan of its bitcoin mining rigs.
Read more »
Hudson Hill Bar Changes Hands, Continues Capitol Hill Cocktail TraditionHudson Hill, a well-loved Capitol Hill artsy cocktail bar, has new owners. Longtime friends Cole Anthony and Don Smith purchased the establishment in October 2024, ensuring its continued presence in the neighborhood. Anthony, a former general manager, and Smith are passionate about preserving Hudson Hill's unique character and craft-cocktail offerings.
Read more »
Zijin Mining Makes Offer for 25% Stake in Zangge Mining, Consolidating Control Over Julong Copper ProjectZijin Mining Group, a leading Chinese copper and gold producer, has made a significant move in the Chinese mining sector by offering to acquire a nearly 25% stake in fellow Chinese miner Zangge Mining for 13.7 billion yuan ($1.87 billion). This acquisition would grant Zijin controlling rights over Zangge, which operates in the mineral-rich Qinghai region, and allow for the consolidation of Zijin’s ownership of the Julong copper project in Tibet. The Julong project, a joint venture between Zijin and Zangge, is poised to become China’s largest single copper operation once its expansion reaches a capacity of 350,000 tonnes per day.
Read more »