Bunker Hill Mining Corp (OTCMKTS:BHLL) Stock Continues To Trend Higher

On Tuesday Bunker Hill Mining Corp (OTCMKTS:BHLL) was in focus after it came up with a major new announcement with regards to a project finance package. The company announced that it had executed a non-binding term sheet with regard to an upsized and improved non-dilutive project finance package of $67 million with Sprott Private Resource Streaming & Royalty Corp.

Bunker Hill Announces Upsized and Improved $67 Million Financing Package to Enable Completion of the Mine Restart, Offtake Agreement

The Chief Executive Officer of the company Sam Ash spoke about the development as well. He noted that the improved finance package will help the company with a backstop related to the full financing towards the restart of the Bunker Hill mine restart.

However, that was not all. The finance package would also strengthen the company’s balance sheet and improve liquidity. It would also go a long way towards supporting Bunker Hill Mining’s application for TSX Venture Exchange listing. That being said, the most important outcome of the package would be the restart of the mine on a fully-fledged basis.

Ash went on to note that he expected that the mine would also start producing by the end of next year. It is going to be interesting to see if the stock gets any action at this point or not.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.