Bunker Hill Mining Corp. announced on September 25, 2024, the closing of the second tranche of its silver loan facility with Monetary Metals Bond III LLC. This tranche provides US$6,369,000, equivalent to 200,000 ounces of silver as of September 24, 2024.
This funding contributes to the overall silver loan facility, which can provide up to 1.2 million ounces of silver for the restart and development of the Bunker Hill Mine. The first tranche of US$16,422,039, representing 609,805 ounces of silver, was previously closed on August 8, 2024.
In connection with this second tranche, Bunker Hill will issue 400,000 non-transferable bonus share purchase warrants to Monetary Metals. These warrants have an exercise price of C$0.16 and are exercisable until August 8, 2027, subject to regulatory approval.
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