Bunker Hill Mining Corp. announced on November 13, 2024, the closing of the fourth tranche of its silver loan facility with Monetary Metals Bond III LLC. This tranche provides US$1,250,000, equivalent to 39,619.6513 ounces of silver.
With this closing, the company has received substantial funding under the total facility of up to 1.2 million ounces of silver. Previous tranches were closed on August 8, 2024 (US$16,422,039), September 24, 2024 (US$6,369,000), and November 6, 2024 (US$6,321,112).
The company also reported significant operational progress, with the concentrator construction nearing completion at approximately 98% of components on site. Bunker Hill continues its underground drilling campaign to inform an updated resource statement in the first quarter of 2025 and is preparing for a new drill program targeting high-grade silver in the upper mine level.
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