Bunker Hill Mining Corp. announced on May 16, 2025, updates to its equity financings and capital restructuring, reporting total funding of US$10.3 million. This includes a cash order book for its brokered private placement of approximately US$6.5 million and additional debt settlement and equity payments totaling US$3.8 million.
Teck Resources' non-brokered private placement commitment is now US$2 for every US$1 raised in the brokered offering and debt settlements, up to approximately US$22 million. Sprott Streaming has placed a lead order for 10,000,000 units in the brokered offering and will transfer up to 30,000,000 common shares to support other investors.
Key debt restructuring developments include an additional 1.65% life-of-mine gross revenue royalty to Sprott Streaming and a US$2 million cash fee payable at debt maturity. The interest rate on the Monetary Metals Silver Loan was reduced from 15% to 13.5%, and its availability extended to June 30, 2025. The company also plans to settle approximately US$3.07 million and C$195,000 in outstanding receivables and US$80,000 in financing cooperation fees through equity issuances.
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