Northwire Canada EditionWednesday, July 29, 2026
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Financings

Bunker Hill Mining closes $51.85-million financing

By The Northwire Desk — AI Analysis Sep 29, 2025 · 21:09 BNKR · 0.19 Bunker Hill Mining Corp.
BNKR · Price

Executive Summary

  • Bunker Hill Mining Corp. closed a bought‑deal private placement raising approximately C$52 million in gross proceeds.
  • The offering consisted of 206.25 M units at C$0.12 per unit (C$24.75 M) and 225 M units at US$0.08711 per unit (US$19.60 M, ≈C$27.10 M).
  • Net proceeds will be used to fund construction, start‑up and ramp‑up of the Bunker Hill zinc‑silver‑lead mine in Idaho’s Silver Valley.

Key Details

  • Units Issued – Canadian Dollar Offering: 206.25 million units @ C$0.12 each → C$24.75 M gross proceeds (includes full underwriter overallotment).
  • Units Issued – U.S. Dollar Offering: 225 million units @ US$0.08711 each → US$19,599,750 gross proceeds (≈C$27.10 M).
  • Total Gross Proceeds (CAD): C$51,854,494.
  • Underwriter Compensation – Cash Fees: C$1,455,480 (Canadian offering) + US$1,175,985 (U.S. offering).
  • Underwriter Compensation – Options: 25,325,428 non‑transferable compensation options (6 % of gross proceeds, plus 3 % from president’s‑list sales); each option exercisable at C$0.12 per share for 24 months.
  • Finder Compensation: Cash fee of C$52,005 (≈3.33 % of Canadian offering gross proceeds) and 520,052 non‑transferable compensation options (4 % of units sold to introduced subscribers).
  • Warrant Terms: Each unit includes one common share and one warrant; warrants exercisable at C$0.17 per share for 60 months after issuance.
  • Use of Proceeds: To support construction, start‑up and ramp‑up of the Bunker Hill zinc‑silver‑lead mine in Idaho’s Silver Valley.
  • Teck Resources Ownership Pre‑Closing: ~219.08 M common shares + warrants to purchase 100.60 M shares (≈23.6 % non‑diluted, ≈31.1 % partially diluted).
  • Teck Resources Ownership Post‑Closing: ~442.87 M common shares + warrants to purchase 324.39 M shares (≈32.6 % non‑diluted, ≈45.6 % partially diluted assuming full warrant exercise).
  • Related Party Transaction: Teck’s substantial shareholding triggers MI 61‑101 related‑party rules; exemption obtained via consent of a disinterested arm’s‑length control person.
  • Early Warning Filings: Required early‑warning reports to be filed under NI 62‑104 and NI 62‑103; copies available via SEDAR+.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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