Bunker Hill Mining Boosts Liquidity with Increased Promissory Note

Bunker Hill Mining ( (TSE:BNKR) ) has shared an update.

Bunker Hill Mining Corp. has announced an increase in its unsecured promissory note with Teck Resources Limited, raising the maximum principal amount from $3.4 million to $4.4 million. This move is designed to ensure sufficient short-term liquidity as the company progresses towards closing its private placements and undergoing major capital restructuring. The promissory note, which bears an interest rate of 12% per annum, is expected to support Bunker Hill’s financial stability and operational continuity, reflecting a strategic step in its ongoing revitalization efforts.

The most recent analyst rating on (TSE:BNKR) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Bunker Hill Mining stock, see the TSE:BNKR Stock Forecast page.

More about Bunker Hill Mining

Bunker Hill Mining Corp. is an American mineral exploration and development company focused on revitalizing its historic zinc, lead, and silver deposit in northern Idaho’s Coeur d’Alene mining district. The company aims to leverage modern exploration techniques and sustainable development practices to maximize shareholder value by concentrating on this high-potential asset.

Average Trading Volume: 211,037

Technical Sentiment Signal: Sell

Current Market Cap: C$46.75M

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