Bunker Hill Mining Corp. announced on February 3, 2025, the receipt of the final tranche of US$6 million under its senior secured credit facility with Sprott Private Resource Streaming and Royalty Corp. This completes the aggregate US$21 million committed under the Standby Facility, which funds development costs for the Bunker Hill Mine.
The company noted that the time taken to conclude financing deals will likely push the start of commercial operations into the second half of 2025. Despite this, Bunker Hill is advancing its application for US EXIM Bank financing, with a formal application presentation scheduled for March 2025 for a potential US$150 million debt facility.
Bunker Hill also highlighted the new Federal administration's enhanced focus on critical minerals, including zinc, which is expected to provide strategic tailwinds. An updated mineral estimate remains on track for the first quarter of 2025, with a full report anticipated in April 2025.
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