Bunker Hill Mining Corp. Files Q2 2024 10-Q
Ticker: BHLLD · Form: 10-Q · Filed: Jul 30, 2024 · CIK: 1407583
Sentiment: neutral
Topics: 10-Q, mining, financials
TL;DR
Bunker Hill Mining Corp. filed its Q2 10-Q, check financials.
AI Summary
Bunker Hill Mining Corp. filed its 10-Q for the period ending June 30, 2024. The company, previously known as Liberty Silver Corp. and Lincoln Mining Corp., is incorporated in Nevada and operates in the metal mining sector. Its business address is in Toronto, Ontario.
Why It Matters
This filing provides investors with an update on Bunker Hill Mining Corp.'s financial performance and operational status for the second quarter of 2024.
Risk Assessment
Risk Level: medium — As a mining company, Bunker Hill Mining Corp. is subject to inherent risks related to commodity prices, exploration, and operational challenges.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
- 20240730 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Bunker Hill Mining Corp. (company) — Filer
- Liberty Silver Corp. (company) — Former company name
- Lincoln Mining Corp. (company) — Former company name
- 20240630 (date) — Reporting period end date
- 20240730 (date) — Filing date
FAQ
What is the primary business of Bunker Hill Mining Corp.?
Bunker Hill Mining Corp. operates in the METAL MINING [1000] industry.
When was the reporting period for this 10-Q filing?
The conformed period of report was 20240630, covering the second quarter of 2024.
What were Bunker Hill Mining Corp.'s previous names?
The company was formerly known as LIBERTY SILVER CORP and Lincoln Mining Corp.
In which state is Bunker Hill Mining Corp. incorporated?
Bunker Hill Mining Corp. is incorporated in NV (Nevada).
What is the business address of Bunker Hill Mining Corp.?
The business address is 82 RICHMOND STREET EAST, TORONTO, ONTARIO, A6, M5C 1P1.
Filing Stats: 4,561 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-07-30 16:15:57
Filing Documents
- form10-q.htm (10-Q) — 1414KB
- ex4-1.htm (EX-4.1) — 338KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- ex4-1_001.jpg (GRAPHIC) — 3KB
- ex4-1_002.jpg (GRAPHIC) — 2KB
- 0001493152-24-029604.txt ( ) — 8243KB
- bhll-20240630.xsd (EX-101.SCH) — 68KB
- bhll-20240630_cal.xml (EX-101.CAL) — 77KB
- bhll-20240630_def.xml (EX-101.DEF) — 222KB
- bhll-20240630_lab.xml (EX-101.LAB) — 427KB
- bhll-20240630_pre.xml (EX-101.PRE) — 349KB
- form10-q_htm.xml (XML) — 1576KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 3
Financial Statements
Item 1. Financial Statements 3
Management's Discussion and Analysis of Financial Condition or Plan of Operation
Item 2. Management's Discussion and Analysis of Financial Condition or Plan of Operation 21
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 25
Controls and Procedures
Item 4. Controls and Procedures 25
– OTHER INFORMATION
PART II – OTHER INFORMATION 27
Legal Proceedings
Item 1. Legal Proceedings 27
Risk Factors
Item 1A. Risk Factors 27
Unregistered Sales of Equity Securities and Use Of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use Of Proceeds 27
Defaults upon Senior Securities
Item 3. Defaults upon Senior Securities 27
Mine Safety Disclosure
Item 4. Mine Safety Disclosure 28
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 28 2 PART I – FINANCIAL INFORMATION Item 1. Financial Statements The condensed interim consolidated financial statements of Bunker Hill Mining Corp., ("Bunker Hill", the "Company", or the "Registrant") a Nevada corporation, included herein were prepared, without audit, pursuant to rules and regulations of the Securities and Exchange Commission. Because certain information and notes normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S.") were condensed or omitted pursuant to such rules and regulations, these financial statements should be read in conjunction with the audited consolidated financial Bunker Hill Mining Corp. Condensed Interim Consolidated Balance Sheets (Expressed in United States Dollars) Unaudited June 30, December 31, 2024 2023 ASSETS Current assets Cash $ 3,539,424 $ 20,102,596 Restricted cash (note 8) 4,475,000 6,476,000 Accounts receivable and prepaid expenses (note 3) 1,610,007 598,401 Total current assets 9,624,431 27,176,997 Non-current assets Spare parts inventory (note 5) 341,004 341,004 Long term deposit 254,106 249,265 Equipment (note 4) 1,303,935 946,661 Right-of-use asset (note 4) 564,375 625,022 Bunker Hill Mine and mining interests (note 6) 16,746,920 15,198,259 Process plant (note 5) 34,997,127 17,452,470 Total assets $ 63,831,898 $ 61,989,678 EQUITY AND LIABILITIES Current liabilities Accounts payable (note 16) $ 8,210,720 $ 1,788,950 Accrued liabilities 3,127,760 1,225,525 Current portion of lease liability (note 7) 91,993 353,526 Deferred share units liability (note 12) 998,244 569,327 Environment protection agency cost recovery payable (note 8) 3,000,000 3,000,000 Current portion of stream deben