Bunker Hill Mining Corp (OTCMKTS:BHLL) Stock Soars After New Hiring

Bunker Hill Mining Corp (OTCMKTS:BHLL) jumped 16% after announcing Tom Francis’ appointment as General Manager for its Bunker Hill Mine and mining services contract execution with Coeur d’Alene Mine Contracting LLC.

Market Stats

On Tuesday, BHLL stock soared 15.58% to $0.2495 with 20k shares, compared to its average volume of 50k shares. The stock moved within a range of $0.2350 – 0.2559 after opening trading at $0.2350.

Bunker Hill Announces Appointment of General Manager and Secures Mining Contractor

CEO Sam Ash stated that an important driver of the company has been the strength of creating a world-class leadership team which is the central focus as they expedite the recommencement of Bunker Hill Mine. He explained that tom has a good track record and proven leadership skills that will perfectly fit Bunker Hill Mining’s needs. Francis will oversee operational features of the Bunker Hill Mine restart that include technical services, contract management, construction, and health and safety. 

Ash also announced CMC’s appointment as the company’s mining contractor for the anticipated commercial production. He added that the appointment extends their productive relationship that commenced in 2020, during which they showed their leading mining abilities, ability to get skilled individuals meeting the company’s needs and knowledge of the Silver Valley. So, in the coming weeks, investors should watch BULL. 

Key Quote

“I am also pleased to announce the appointment of CMC as our mining contractor through planned commercial production. This extends an excellent and productive relationship that began in 2020, during which time they have demonstrated their world-class mining capabilities, knowledge of the Silver Valley, and ability to procure skilled personnel to meet our needs. Importantly, agreed rates are in line with those modelled in our PEA. Together with the MOU for the purchase of Teck’s Pend Oreille process plant for approximately $3 million, we are pleased that key capital and operating costs continue to be in line with estimates.”

Traders Corner

BHLL stock is trading above the 20-Day and 50-Day Moving averages of $0.25 and $0.24 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.21.