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Naples, FL –News Direct– TopNewsGuide – Market news and commentary

In recent times, the mining and exploration industry has managed to garner considerable attention from investors, and with good reason. Fluctuations in commodity prices have generated significant interest from many companies in the sector and one of the companies that might be worth following at this point is Bunker Hill Mining Corp (OTCMKTS:BHLL).

Not long ago, the Company came under the control of new Idaho-based management who are now working to bring their Bunker Hill Mine back online. The Company believes that bringing the mine back on stream in a sustainable manner will be the first step in consolidating its portfolio of North American mining assets. Assets are primarily focused on silver. Additional information on the Company’s business is available on its website and in the EDGAR and CEDAR databases.

As previously mentioned, reopening the Bunker Hill mine is Bunker Hill Mining Corp’s top priority as of last week March 10th The company made an important new announcement related to the project.

The Company confirmed budget estimates and capital costs while providing an update on project financing initiatives. The company’s Chief Executive Officer, Sam Ash, spoke about the company’s work. He noted that budget estimates related to the restart plan remained consistent with previous estimates.

More importantly, the company announced that its funding plan for the project on the stream was $37 million in funding from Sprott Private Resource Streaming & Royalty Corp.

However, that funding source has now been complemented by the expression of interest in an offer from potential offtake financing providers totaling $20 million. The team responsible for the project was on site and was only waiting for the completion of the equity financing and the negotiations for acceptance financing. Process plant construction and related detail engineering would resume sometime in the second quarter of 2023.

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The Company’s work on its financing activities has been the focus of late and earlier in the month on March 2nd Bunker Hill Mining Corp made an important new announcement. The Company announced at the time that it had completed the previously announced pricing of its private placement through special warrants. The placement would include up to C$9 million in special warrants to Bunker Hill Mining Corp.

The company announced that the special warrants it would issue would cost $0.12 each. Roth Capital Partners LLC and Echelon Wealth Partners Inc will act as co-lead agents and joint book runners for the whole. The agents will have no underwriter liability in the private placement. Any special order would be exercisable without additional consideration.

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