Bunker Hill Mining Corp. announced on December 31, 2024, the closing of the fifth tranche of its silver loan facility with Monetary Metals Bond III LLC. This tranche provides US$1,478,847, equivalent to 50,198 ounces of silver.
This latest advance contributes to the total silver loan facility of up to 1.2 million ounces, with previous tranches closed on August 8, 2024, September 24, 2024, November 6, 2024, and November 13, 2024. In connection with this fifth tranche, the company will issue 100,397 bonus warrants to Monetary Metals.
The company also provided a project update, stating that procurement is 98% complete and activity remains on track for an H1 2025 restart of operations. Installation of mezzanine floors, conveyor systems, and piping within the processing plant, along with underground access ramp refurbishment, are ongoing.
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