Bunker Hill closes final tranche of silver loan

Executive Summary

• Bunker Hill Mining Corp. has closed the seventh and final tranche of its silver loan facility with Monetary Metals Bond III LLC, bringing the total principal amount advanced to approximately $35.3 million.
• The final tranche consists of $4,763,110.38 (U.S.), equivalent to 50,958 ounces of silver, completing the previously announced facility of up to 1.2 million ounces.
• No additional warrants are issued with this final tranche; however, the company has previously issued a total of 3 million warrants to Monetary Metals across the prior six tranches.

Key Details

• Final Tranche Amount: $4,763,110.38 (U.S.), representing 50,958 ounces of silver.
• Total Facility Size: Up to 1.2 million ounces of silver.
• Total Principal Advanced: Approximately $35,315,484.38 (U.S.) across all seven tranches.
• Warrant Issuance:
  • Total warrants issued to Monetary Metals: 3,000,000.
  • Breakdown of warrants issued in prior tranches:
    • Tranche 1: 1,280,591 non-transferable bonus share purchase warrants.
    • Tranche 2: 400,000 warrants.
    • Tranches 3 & 4: 476,793 warrants (aggregate).
    • Tranche 5: 100,397 warrants.
    • Tranche 6: 742,219 warrants.
  • Warrants for Final Tranche: None.
• Previous Tranche Details (for context):
  • Tranche 1 (Aug 8, 2024): $16,422,039 (609,805 oz).
  • Tranche 2 (Sept 24, 2024): $6,369,000 (200,000 oz).
  • Tranche 3/4 (Nov 6, 2024): $6,321,112 (198,777 oz).
  • Tranche 5 (Nov 13, 2024): $1,250,000 (39,620 oz).
  • Tranche 6 (Dec 31, 2024): $1,478,847 (50,198 oz).
  • Tranche 7 (Nov 10, 2025): $2,521,215 (50,384 oz). Note: The text lists a date of Nov 10, 2025 for the final tranche description, which appears to be a typo for 2024 or a future-dated release, but the amount is explicitly stated.
• Use of Proceeds: Support for the restart and continuing development of the Bunker Hill mine.

Notable Quotes

• "We appreciate the continued partnership and support from Monetary Metals in delivering this innovative silver-linked financing. The successful completion of all seven tranches demonstrates the strength of our project and our ability to execute on complex, non-traditional funding solutions. With the silver loan now fully drawn, we remain focused on advancing Bunker Hill toward restart while maintaining a disciplined approach to capital management." — Sam Ash, President and CEO