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KELLOGG, Idaho - Bunker Hill Mining Corp. (TSX-V:BNKR | OTCQB: BHLL), a mining company with a market capitalization of $112.35 million and a FAIR financial health score according to InvestingPro, has entered into a "bought deal" private placement agreement to raise C$45 million, the company announced Friday.
Under the agreement, a syndicate of underwriters will purchase 375 million units at C$0.12 per unit, matching the current trading price. Each unit consists of one common share and one purchase warrant exercisable at C$0.17 for 60 months. InvestingPro analysis indicates the company is quickly burning through cash, with negative EBITDA of $13.42 million in the last twelve months.
The underwriters have an option to purchase up to an additional 56.25 million units, potentially increasing the total proceeds. Two cornerstone investors are expected to subscribe for approximately US$19.6 million and US$5 million in units, respectively. The offering’s completion depends on the larger cornerstone subscription closing.
Proceeds will be used to advance construction of the Bunker Hill Mine toward commercial production and for general corporate purposes, according to the company’s press release statement.
The offering is expected to close on September 29, 2025, subject to regulatory approvals including conditional listing approval from the TSX Venture Exchange.
The underwriters will receive a 6% cash commission and compensation options equal to 6% of the units sold. Each compensation option can be exercised to acquire one common share for 24 months.
Securities issued will be subject to a four-month statutory hold period in Canada and a minimum six-month hold period under U.S. securities laws. The units have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption. For deeper insights into Bunker Hill Mining’s financial health, debt levels, and growth prospects, unlock 8 additional key ProTips with InvestingPro.
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