Bunker Hill Mining Corp. announced on June 5, 2025, the successful closing of its previously announced brokered private placement, raising approximately US$6.2 million in cash and settling US$4.4 million in debt. Concurrently, the company closed its non-brokered private placement with Teck Resources Limited for approximately US$20.5 million.
These Equity Offerings resulted in the issuance of 252,215,751 units at C$0.15 per unit, with Teck acquiring 195,294,655 units and Sprott Streaming acquiring 10,000,000 units. The company also completed its capital restructuring, converting certain outstanding debt into equity and modifying royalty and stream financing arrangements with Sprott Streaming.
As a result of these transactions, Teck now beneficially owns approximately 23.9% of the issued and outstanding common shares (31.4% partially diluted), and Sprott Streaming owns approximately 29.6% (39.1% partially diluted), both becoming 'Control Persons.' The company also received stockholder approval to increase its authorized shares from 1.51 billion to 2.51 billion. Paul Smith resigned as a director.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.