Bunker Hill Mining Corp. announced on October 28, 2024, that it has received a non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for a debt funding package of up to $150 million. The potential loan term is up to 15 years.
This prospective funding is intended to accelerate the development of the 2500 tons per day Bunker 2.0 expansion project and to strengthen the company's balance sheet. The LOI represents a preliminary step in the formal EXIM application process, with a formal application expected by the end of 2024.
The company highlights the strategic importance of this potential partnership, aligning with U.S. initiatives to strengthen domestic critical mineral supply chains. Zinc is already on the U.S. Critical Metals list, and silver is currently under review for the 2025 list by the U.S. Geological Survey.
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.