Bunker Hill Mining announces financing, plans restart
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(Kitco News) - Bunker Hill Mining (CSE: BNKR) announced an upsized $67 million finance package with Sprott Private Resource Streaming & Royalty Corp.
The company forecasts a Bunker Hill Mine restart and first concentrate production by the end of 2024.
Bunker Hill also reported that Teck has exercised its option, as previously announced on March 31, 2022, to acquire 100% of the zinc and lead concentrate production from the Bunker Hill Mine for a 5-year period.
"With project financing secured, the company plans to recommence engineering and construction activities, targeting first concentrate production by the end of 2024 and commercial production shortly thereafter. Process plant engineering is approximately 90% complete with full completion projected to take approximately three months. Detailed engineering to date has focused on civil engineering designs, which allows construction to commence concurrently starting with laying the foundations for the process plant building and associated infrastructure," wrote the company in a news release.