Bunker Hill Mining Corp., a Canadian mining company, has announced the execution of a non-binding term sheet outlining an upsized and improved $67 million non-dilutive project finance package.
The fresh financing was carried out with Sprott Private Resource Streaming and Royalty Corp., a provider of specialized forms of capital to the mining sector.
The move will enable Bunker Hill Mining to backstop the full financing of the Bunker Hill mine restart, materially strengthen its balance sheet and liquidity, and back its Toronto Stock Exchange-V application.
In addition, the company also expects the move to enable the full-scale recommencement of project activities and enables it to target a restart of the mine and achieve first concentrate production by the end of 2024.