Bunker Hill Mining Corp. provided an operational and corporate update on January 13, 2025, highlighting active discussions with strategic financing partners for the mine restart. The company achieved a significant safety milestone, completing an entire year in 2024 without any injuries.
Construction of the processing plant is 66% complete, and underground development has reached 80% completion, with ore stockpiling already commenced. An updated resource and reserve statement is expected in the first quarter of 2025.
The company's application for a US$150 million debt funding package from the US EXIM Bank is advancing, with a formal application anticipated in March 2025. However, the time required to conclude financing deals is expected to push the start of commercial operations into the second half of 2025.
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