Bunker Hill Mining Corp. (OTCQB:BHLL) Completes Second Tranche of Silver Loan Facility

On September 25, Bunker Hill Mining Corp. (OTCQB:BHLL) was one of the companies that came into focus among investors following an announcement, and it is likely to be on the radars of investors today.

Bunker Hill Announces Closing of the Second Tranche of Silver Loan Facility

The company announced that it had been successful in closing the second tranche of the silver loan from Monetary Metals Bond III LLC. Monetary Metals had been established by Monetary Metals & Co., and the silver loan had been for the principal amount of $6369000. The dollar amount had been equivalent to the price of 200000 ounces of silver as of September 24, 2024.

As per the news releases put out in July and August this year, Monetary Metals had reached an agreement to provide Bunker Hill Mining with a loan of principal amount equivalent to 1.2 million ounces of silver. The loan was going to be advanced in more than a single tranche and was for supporting the ongoing development and restart of the Bunker Hill Mine.

The first tranche of the loan had been closed on August 8, 2024, when the company was advanced $16,422,039. The amount was equal to the price of 609,805 ounces of silver as of August 8, 2024. Bunker Hill Mining had issued 1,280,591 non-transferable bonus purchase warrants to Monetary Metals against the first tranche.