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 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'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.
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 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.
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 raised C$484,400 in a small private placement at just C$0.075/unit - a steep down-round from the C$1.25/unit raised a year earlier - to keep its reinstated interest in the Bunker Hill Mine in good standing.
Bunker Hill's lender Hummingbird Resources increased its convertible loan from US$1.5 million to US$2.0 million, with the additional US$500,000 convertible at a lower CAD$0.45/share.
20 July 2018capital raising announcement● NeutralMajor
Bunker Hill took on a US$1.5 million unsecured convertible loan from UK miner Hummingbird Resources (10% interest, convertible at $0.85/share) specifically to fund its EPA payment obligations tied to the Bunker Hill Mine's Superfund settlement. Hummingbird gained a board-seat right if its stake passes 5%, plus a right of first refusal on future company financings or asset deals.
11 Dec 2017capital raising announcement▲ GoodMajor
Now renamed Bunker Hill Mining Corp., the company raised C$9.7 million in its first major financing since leasing the historic Bunker Hill Mine, led by Red Cloud Klondike Strike and Haywood Securities - funding lease payments, acquisition costs, and exploration/development at the mine.
Liberty Silver raised CAD$1.5 million in a private placement for general working capital, shortly before its August 2017 pivot to leasing the Bunker Hill Mine.
24 Jan 2017capital raising announcement● NeutralMajor
Liberty Silver's lender BG Capital Group converted the entirety of its remaining loan (now increased to US$1.4 million with accrued interest) into shares, eliminating the company's debt to BGCG but leaving BGCG holding roughly 62% of the company - already its majority shareholder before this conversion.
Liberty Silver restructured its debt with lender BG Capital Group (BGCG): it converted about US$1.25 million of existing loan debt into roughly 100 million common shares at a fraction of a cent each - heavy dilution - while also taking on a new US$1.25 million credit facility (11% interest, convertible into shares at BGCG's option) to fund Trinity project work and working capital, a sign the company was struggling to fund itself any other way.
21 Dec 2011capital raising announcement▲ GoodMajor
Liberty Silver's stock was approved for listing on the Toronto Stock Exchange (ticker LSL) - a meaningful liquidity and credibility milestone for the small explorer - triggering automatic conversion of US$3.25 million in previously-sold subscription receipts (from a November 2011 raise) into tradeable shares and warrants.
As Liberty Silver Corp (the company's original name), the company raised about US$1.0 million in a small private placement (1,333,334 units at $0.75, with warrants at $1.25) to fund its early-stage Trinity Silver project work in Nevada.
