"Bunker Hill's Bold Move: Restructuring Debt and Seeking $60M in Equity Financing"

In the ever-evolving landscape of mining and resource extraction, Bunker Hill Mining Corp. (BHLL) has made a bold move that could redefine its future. The company has announced a major capital restructuring plan involving up to US$60 million in equity financing and debt restructuring with key partners Teck Resources, Sprott Streaming, and Monetary Metals. This strategic maneuver is not just about financial survival; it's about positioning Bunker Hill for long-term success in a competitive and volatile market.



The restructuring plan is a multi-faceted approach that includes a US$40 million non-brokered private placement with Teck and a US$20 million brokered offering at US$0.105 per Unit. Each Unit consists of one common share and half a warrant, providing additional equity financing to support the company's operations. This move is a clear indication that Bunker Hill is serious about strengthening its balance sheet and ensuring the Bunker Hill Mine remains on track for commissioning in H2 2025 and full nameplate production in H1 2026. The project is currently 65% complete, and this financial injection will provide the necessary resources to continue its progress.

The involvement of key partners such as Teck Resources, Sprott Streaming, and Monetary Metals is a strategic masterstroke. Teck Resources is leading the US$40 million non-brokered private placement, which is a substantial financial injection that strengthens the company's balance sheet. The restructuring plan converts outstanding debt to equity, which reduces the financial burden and improves liquidity. Additionally, a US$10 million standby facility will be provided to reduce risk during the first three years of operation. This financial cushion can provide a safety net, allowing the company to navigate potential operational challenges without compromising its financial health.

Teck Resources has also exercised an option for a minimum 5-year, 100% offtake of Bunker Hill’s zinc and lead concentrates at its smelter in Trail, BC, ensuring a long-term, sustainable revenue source. This partnership can stabilize revenue streams and enhance the company's market position. Sprott Streaming has committed to a $67 million project finance package, which includes a $46 million multi-metals stream and a $21 million new debt facility. This financing package enables the full-scale recommencement of project activities and targets a restart of the mine and first concentrate production by the end of 2024.

The strategic partnerships with these key players align with Bunker Hill's long-term vision of consolidating a portfolio of North American mining assets. This move is not just about financial survival; it's about positioning Bunker Hill for long-term success in a competitive and volatile market. The company's leadership has shown a keen understanding of the market dynamics and has taken proactive steps to ensure the company's sustainability and growth.

In conclusion, Bunker Hill Mining Corp.'s bold move to restructure its outstanding debt and seek up to US$60 million in equity financing is a strategic masterstroke. The involvement of key partners such as Teck Resources, Sprott Streaming, and Monetary Metals provides the company with the financial resources, operational support, and strategic partnerships necessary to ensure the successful restart and long-term sustainability of the Bunker Hill Mine. This move is a clear indication that Bunker Hill is serious about its long-term vision and is taking proactive steps to ensure its success in a competitive and volatile market. The company's leadership has shown a keen understanding of the market dynamics and has taken bold steps to position Bunker Hill for long-term success.