From GlobeNewswire: 2025-06-05 16:51:00

Bunker Hill Mining Corp. has successfully closed a brokered private placement and a non-brokered private placement, raising a total of approximately US$31.5 million. Teck Resources Limited and Sprott Streaming participated in the equity offerings, with Teck acquiring 195,294,655 units and Sprott Streaming acquiring 10,000,000 units. The company has also finalized capital restructuring transactions and announced the resignation of a director. Construction of the Bunker Hill Mine project is 67% complete, with ore being stockpiled underground, signaling progress towards restarting operations in H1 2026.

The equity offerings included the issuance of common stock and warrants, with proceeds intended to support the construction, start-up, and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine in Idaho. Teck now owns approximately 23.9% of the company’s common shares, making it a control person. Sprott Streaming, through various transactions, now owns around 29.6% of common shares and is also considered a control person. The company has entered into investor rights agreements with both Teck and Sprott Streaming.

Restructuring transactions included debt settlements, amendments to existing agreements, and the issuance of equity securities to settle outstanding amounts. These transactions were subject to TSX-V approval and shareholder consent. The company has also amended its articles of incorporation to increase its authorized shares. Bunker Hill Mining Corp. aims to revitalize the historic Bunker Hill mine in Idaho, maximizing shareholder value through sustainable development practices.



Read more at GlobeNewswire: Bunker Hill Announces Closing of $31 Million Combined