Bunker Hill Mining ( (TSE:BNKR) ) has issued an announcement.
Bunker Hill Mining Corp. has announced significant enhancements to its capital restructuring and equity financing initiatives to ensure the Bunker Hill Mine remains on track for commissioning in the latter half of 2025. The company has secured a lead commitment of $10 million from Teck Resources, with plans to raise an additional $10-15 million through a brokered private placement. The restructuring includes converting $27 million of debt into equity, improving the project’s debt-to-equity ratio. Additionally, Bunker Hill is poised to benefit from a $150 million US Export-Import Bank finance package, aligning with a recent Presidential Executive Order aimed at strengthening American mineral production.
More about Bunker Hill Mining
Bunker Hill Mining Corp. operates in the mining industry, focusing on the extraction and production of zinc, silver, and lead. The company is centered around the Bunker Hill Zinc-Silver-Lead Mine located in Silver Valley, Idaho, with a market focus on enhancing its mining operations and expanding production capabilities.
YTD Price Performance: 1.82%
Average Trading Volume: 475,012
Technical Sentiment Signal: Buy
Current Market Cap: $38.91M
Learn more about BNKR stock on TipRanks’ Stock Analysis page.