Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2026capital raising announcement▲ GoodMajor
Bunker Hill closed a further C$33.75 million 'LIFE' financing (159.7 million units at C$0.18, a higher price than September's C$0.12/US$0.087 - a sign of continued investor confidence), with existing warrant-holder Ocean Partners Holdings agreeing to exercise warrants as part of the deal. Proceeds fund working capital for the mine's ramp-up to commercial production and exploration.
What it means for a shareholder
160m new shares at C$0.180 to raise about C$33.8m. That's 78% dilution: every existing holder's slice gets 78% smaller. If you held C$1,000 of shares (5,556 at the issue price), your slice goes from 0.0122% to 0.00271% of the company. To keep it you'd need 19,449 more shares - about C$3,501 at the issue price.
Bunker Hill Mining amended its secured note agreement with lender Monetary Metals Bond III, extending the deadline for drawing further advances to January 2026.
Bunker Hill closed the bought deal at roughly C$44.3 million combined (C$24.75 million CAD tranche including the underwriters' full over-allotment exercise, plus US$19.6 million USD tranche) - and Teck Resources, previously an emergency lender, took nearly the entire USD tranche (223.8 million units), becoming a major shareholder. A director and an executive also participated. Proceeds fund construction, start-up and ramp-up of the Bunker Hill Mine.
Bunker Hill restructured the C$45 million bought deal into separate Canadian-dollar (C$18.0 million) and U.S.-dollar (US$19.6 million) tranches to accommodate its cornerstone investors, with the same overall economics; closing targeted for September 29, 2025.
Bunker Hill announced a much larger C$45 million underwritten 'bought deal' private placement to fund construction of the Bunker Hill Mine through to commercial production, anchored by two cornerstone investors committing roughly US$19.6 million and US$5.0 million respectively - the capital infusion needed after the restart's cost overruns and financing strain through 2024-2025.
Bunker Hill Mining increased the emergency demand note from Teck Resources from $3.4 million to $4.4 million, continuing to lean on short-term financing during the restart delay.
With its restart budget blown out, Bunker Hill Mining leaned on Pend Oreille seller Teck Resources for emergency short-term funding (a $3.4 million demand note at 12% interest) and scaled back a planned equity raise, cutting its minimum target from $20 million to $10 million.
A strategic review found Bunker Hill Mining's restart budget had ballooned to $103 million (from $67 million, and $56 million in the original 2022 study), pushing the planned restart back to at least mid-2025; the company said it would draw on its Sprott standby facility and seek $30 million more in financing, plus explore a $150 million U.S. Export-Import Bank facility.
Bunker Hill's subsidiary Silver Valley Metals took on a novel, expensive form of financing: a silver-denominated secured loan from Monetary Metals, with the first tranche worth US$16.4 million (equivalent to about 610,000 ounces of silver), a 15% interest rate payable in cash or silver, and security over essentially all of the subsidiary's and the company's properties and assets - reflecting how hard it had become to fund the restart on ordinary terms.
Bunker Hill Mining closed an upsized $67 million project financing package with Sprott Streaming (a $46 million multi-metals stream plus a $21 million debt facility), bringing Sprott's total committed financing for the mine restart to $96 million.
31 Mar 2023capital raising announcement● NeutralMajor
Bunker Hill raised C$6.2 million in a brokered private placement of special warrants at C$0.12 each (convertible into shares and warrants once SEC-registered), continuing to fund the Bunker Hill Mine restart alongside its larger Sprott-led financing package.
Bunker Hill Mining agreed to buy the Pend Oreille ore-processing plant from a Teck Resources subsidiary, to be relocated and used to mill ore at the restarted Bunker Hill Mine.
Bunker Hill Mining finally completed the purchase of the Bunker Hill Mine outright on January 7, 2022, ending five years of leasing -- funded by an $8 million Royalty Convertible Debenture from Sprott Private Resource Streaming & Royalty Corp that also covered a $2 million EPA payment; it separately closed an upsized $6 million convertible debenture with Sprott for working capital and engineering studies.
Bunker Hill Mining published an updated Preliminary Economic Assessment showing a 42% jump in project value to $143 million, lower costs, and an extended 11-year mine life -- a significant improvement over the original study.
Bunker Hill upsized a separate non-brokered private placement to C$8 million at C$0.40/unit - a higher price than the C$0.35 units sold in the big raise five months earlier, reflecting an improving share price.
Bunker Hill Mining reported continued progress toward completing the Preliminary Economic Assessment for its planned rapid restart of the historic mine.
Bunker Hill Mining's initial drill results confirmed mineralization above the mine's existing resource boundary, expected to materially expand the resource base feeding its planned economic study.
Bunker Hill Mining again renegotiated its option to buy the Bunker Hill Mine, cutting the purchase price by another 30% to $7.7 million and extending the option to August 2022, in exchange for a $2 million advance payment -- freeing up cash to keep drilling and advancing restart studies before having to commit to the purchase.
28 Aug 2020capital raising announcement▲ GoodMajor
Bunker Hill closed its brokered private placement at the full C$20.4 million raised across two tranches, led by Sprott Capital Partners and Cormark Securities - by far its largest financing to date, and the first appearance of the Sprott relationship that would go on to become the mine restart's primary funder.
10 Aug 2020capital raising announcement▲ GoodMajor
Demand kept growing: Bunker Hill increased the brokered private placement again, to about C$20.4 million, and dropped the over-allotment option since it was no longer needed.
29 July 2020capital raising announcement▲ GoodMajor
Under new CEO Sam Ash, Bunker Hill announced a brokered private placement to raise up to C$10 million, alongside an extension of its Bunker Hill Mine lease - the opening move of what would become a much larger, oversubscribed raise.
Bunker Hill closed the first tranche of a private placement at $0.56/share, raising just over C$2.0 million (with about a third of the tranche used to settle existing debt) toward a target of up to C$4.0 million, to fund mine lease payments and development.
Bunker Hill Mining renegotiated its lease and purchase option on the Bunker Hill Mine, cutting the buyout price from $45 million to $11 million ($6.2 million cash plus $4.8 million in stock) and eliminating an ongoing royalty -- a major improvement in the terms of owning the mine outright.
