Bunker Hill Mining Corp. Files 8-K

Ticker: BHLLD · Form: 8-K · Filed: Dec 18, 2024 · CIK: 1407583

Sentiment: neutral

Topics: corporate-disclosure, filing

TL;DR

Bunker Hill Mining Corp. filed an 8-K on Dec 13, 2024, covering Reg FD, other events, and financials.

AI Summary

Bunker Hill Mining Corp. filed an 8-K on December 18, 2024, reporting events as of December 13, 2024. The filing includes information related to Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company, formerly known as Liberty Silver Corp. and Lincoln Mining Corp., is incorporated in Nevada and based in Toronto, Ontario.

Why It Matters

This 8-K filing provides updates on significant corporate events and financial information for Bunker Hill Mining Corp., which could impact investor understanding of the company's current status.

Risk Assessment

Risk Level: low — This filing is a routine corporate disclosure and does not appear to contain immediate negative news or significant financial distress.

Key Players & Entities

FAQ

What specific events are being disclosed under Regulation FD?

The filing indicates a Regulation FD Disclosure, but the specific details of the disclosure are not provided in the provided text.

What are the 'Other Events' being reported by Bunker Hill Mining Corp.?

The filing lists 'Other Events' as a category, but the specific nature of these events is not detailed in the provided excerpt.

What financial statements and exhibits are included in this filing?

The filing mentions 'Financial Statements and Exhibits' as an item, but the content of these documents is not specified in the provided text.

When was Bunker Hill Mining Corp. previously known as Liberty Silver Corp. and Lincoln Mining Corp.?

The company was formerly known as Liberty Silver Corp. on April 6, 2010, and Lincoln Mining Corp. on July 23, 2007.

Where is Bunker Hill Mining Corp. incorporated and what is its business address?

Bunker Hill Mining Corp. is incorporated in Nevada and its business address is 82 Richmond Street East, Toronto, Ontario.

Filing Stats: 1,200 words · 5 min read · ~4 pages · Grade level 13.4 · Accepted 2024-12-18 07:00:20

Key Financial Figures

Filing Documents

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 13, 2024 BUNKER HILL MINING CORP. (Exact Name of Registrant as Specified in Charter) Nevada 333-150028 32-0196442 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 82 Richmond Street East , Toronto , Ontario , Canada M5C 1P1 (Address of Principal Executive Offices) (Zip Code) 416 - 477-7771 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered none Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 7.01 Regulation FD Disclosure. On December 13, 2024, Bunker Hill Mining Corp. (the " Company ") issued a news release regarding an updated timeline and capital requirements for the Bunker Hill Mine restart project. A copy of the news release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The information set forth in this Item 7.01, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 8.01 Other Events. On December 13, 2024, the Company announced that the Bunker Hill Mine restart project has undergone a strategic review, resulting in an updated timeline and capital requirements. Pursuant to this review, the Company forecasts a total restart expenditure (excluding working capital) of $103 million, up from the previously forecasted $67 million and the $56 million in the 2022 Pre-Feasibility Study (the " PFS "), with the restart project anticipated to be delayed by up to four months. Due to input cost inflationary pressures, scope changes since the PFS, an unplanned contractor change, and certain mitigating actions, the review determined that the project restart would be delayed until at least the second quarter of 2025 and that the total project expenditure (including working capital) is expected to increase by approximately $50 million. To provide sufficient project financing for the ongoing development of the Bunker Hill Mine, the Company intends to draw down in tranches on the $21 million standby facility (the " Standby Facility ") provided by Sprott Private Resource Streaming and Royalty Corp. and finalize the ongoing discussions with its strategic partners for potential offtake or similar financing for an additional $30 million. The first tranche under the Standby Facility is expected to provide $5 million in working capital for the Company. The ongoing negotiations with various financing partners to secure a $30 million financing package are expected to be concluded by the end of January 2025. Concurrently, the Company will continue to advance the process required to unlock the $150 million facility from the Export–Import Bank of the United States by the end of 2025, which the Company would utilize to refinance the Company's existing debt and increase the mine's expected production capacity to 2,500 tons per day. Even with the Company's plans to secure the necessary financing for the project restart pursuant to the updated forecast, there is no certainty that the Company will be able to raise the funds required to complete the necessary development work needed to restart operations and advance the ongoing mine plan adjustments. While the Company anticipates operations to commence in the second quarter of 2025, there is no c

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