Recent Updates — BHLL
Bunker Hill Mining Corp. stockholders approved a strategic business combination with Silver47 Exploration Corp., including amendments to increase authorized shares and the issuance of up to 51,965,961 new shares. The transaction is expected to close around November 5, 2026, subject to court and exchange approvals. Concurrently, the company drew down $10 million from its Ocean Partners concentrate prepayment facility and the remaining $2 million from its Teck standby facility, bringing total proceeds to $20 million to support ramp-up toward commercial production by end of Q4 2026. Bunker Hill Mining Corp. is a U.S.-based exploration and development company focused on restarting the historic Bunker Hill Mine in Idaho.
On October 9, 2026, Bunker Hill Mining Corp. drew the remaining US$8 million under its Ocean Partners Facility, bringing the aggregate outstanding principal to the full US$10 million limit. This third draw completes the concentrate prepayment arrangement with Ocean Partners UK Limited established in August 2026. The company intends to use the proceeds for working capital at its Bunker Hill Mine in Idaho. The facility bears interest at SOFR plus 7.0% per annum, payable monthly or via setoff against concentrate payments. Bunker Hill Mining Corp. operates a mining business focused on extracting and processing base metals.
Bunker Hill Mining Corp. filed this Current Report to incorporate by reference the historical audited and unaudited financial statements of Silver47 Exploration Corp. and Summa Silver Corp., along with pro forma condensed combined financial information, into its registration statements. This filing supports the previously announced Arrangement Agreement dated August 20, 2026, under which Bunker Hill will acquire all issued and outstanding common shares of Silver47. The transaction has not yet been completed as of September 21, 2026. Bunker Hill Mining Corp. operates in the mining industry, specifically engaged in mineral exploration.
On September 16, 2026, Bunker Hill Mining Corp. drew US$4.0 million under its Ocean Partners Facility, a concentrate prepayment agreement with Ocean Partners UK Limited. This second draw brings the total outstanding principal to US$8.0 million against a facility limit of US$10.0 million. The proceeds are designated for working capital at the Bunker Hill Mine in Idaho. Interest accrues daily at 7.0% per annum plus the three-month secured overnight financing rate, payable monthly in arrears or via setoff against concentrate payments. Bunker Hill Mining Corp. operates in the mining industry, focusing on the extraction and processing of zinc, lead, and silver concentrates.