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An update from Bunker Hill Mining ( (TSE:BNKR) ) is now available.
Bunker Hill Mining Corp. has successfully closed a bought deal private placement, raising approximately C$52 million. The proceeds will be used to support the construction and start-up of the Bunker Hill Zinc-Silver-Lead Mine in Idaho. Teck Resources Limited significantly increased its stake in Bunker Hill through this offering, now holding 32.6% of the company’s common shares on a non-diluted basis. This investment underscores Teck’s strategic interest in Bunker Hill’s operations and potential growth, potentially influencing the company’s market positioning and stakeholder dynamics.
More about Bunker Hill Mining
Bunker Hill Mining Corp. operates in the mining industry, focusing primarily on the extraction and production of zinc, silver, and lead. The company is actively engaged in the development of the Bunker Hill Mine located in the Silver Valley, Idaho, aiming to revitalize this historic mining site.
YTD Price Performance: 24.24%
Average Trading Volume: 324,638
Technical Sentiment Signal: Buy
Current Market Cap: C$190M
For detailed information about BNKR stock, go to TipRanks’ Stock Analysis page.