Bunker Hill Mining Corp. announced on November 6, 2024, the closing of the third tranche of its silver loan facility with Monetary Metals Bond III LLC. This tranche provides US$6,321,112, equivalent to 198,777 ounces of silver as of November 6, 2024.
This brings the total advances under the silver loan facility, which has a maximum of 1.2 million ounces of silver, closer to completion. Previous tranches included US$16,422,039 (609,805 ounces) on August 8, 2024, and US$6,369,000 (200,000 ounces) on September 25, 2024.
Additionally, the company provided an update on its DSU settlement from October 7, 2024, stating it issued 750,000 common shares instead of the previously disclosed 1,039,403 shares. The remaining C$46,304.31 of the C$166,304.31 cash payment was settled with cash.
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