Bunker Hill Mining (BNKR) has provided an update.
Bunker Hill Mining Corp. and its subsidiary Silver Valley Metals Corp. have secured a deal with Monetary Metals to finance a private placement through a secured promissory note, in which Monetary Metals will provide a loan equivalent to 1.2 million ounces of silver, with the first tranche equating to over 609,000 ounces. The loan, carrying a 15% annual interest rate and repayable in cash or silver, is backed by the company’s assets and includes issuing share purchase warrants to Monetary Metals. This strategic financial move aims to bolster Bunker Hill’s market position and is subject to regulatory approvals.
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