Video News/Kitco Mining

Richard Williams, Executive Chairman of Bunker Hill Mining, says the company’s US$163 million all-share takeover of Silver47 is designed to turn the Idaho mine restart into a broader “made in America” silver and critical minerals platform. Speaking with Kitco Mining on August 26, Williams said the deal combines Bunker Hill’s mine, which is ramping toward commercial production by year-end, with Silver47’s assets in Alaska, New Mexico and Nevada. “Opportunity doesn’t wait for anybody,” he said. The combined company, to be renamed Bunker Hill Silver, will hold four U.S. silver projects with about 390 million ounces of silver equivalent resources. Williams also discussed the Cate-8 discovery, a planned second portal that could lift throughput to 2,500 tons per day, and the potential for future mine cash flow to fund exploration at Red Mountain, Mogollon and Tonopah while limiting repeated equity raises. He also discussed U.S. Ex-Im Bank support, Teck’s Trail smelter, North American trade risk, near-term liquidity, the developer-to-producer transition, and why fixing the silver loan is the “catalyst of all catalysts.”