Bunker Hill

50 years after the Bunker Hill mine fire caused one of the largest lead-poisoning cases in US history, Idaho's Silver Valley is still at risk

Retrieved on: 
Wednesday, August 30, 2023
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On Sept. 3, 1973, a fire swept through the baghouse of the Bunker Hill mine in Idaho’s Silver Valley.

Key Points: 
  • On Sept. 3, 1973, a fire swept through the baghouse of the Bunker Hill mine in Idaho’s Silver Valley.
  • The building was designed to filter pollutants produced by smelting, the melting of rocks that separates metal from its ore.
  • At the time, the prices of lead and silver were climbing toward all-time highs.
  • They increased production, bypassed the filtration steps and, for eleven months, dumped noxious gases directly into the surrounding area.

How lead harms human health

    • However, we have zero need for lead.
    • It can also cause problems with brain development, kidney function and reproductive health, including miscarriages, prematurity and low birth weight.
    • The CDC no longer uses “level of concern” as a threshold, because there is no safe blood lead level in children.

Children’s health after the Baghouse Fire

    • The children of the Silver Valley were exposed to extremely high levels of poisons after the Baghouse Fire at the Bunker Hill mine.
    • Their average blood lead level was 67.4 micrograms per deciliter.
    • It is difficult to assess the extent of the damage from the Baghouse Fire in the children of the Silver Valley.

Continuing health risk in Silver Valley

    • The legacy of the Baghouse Fire continues to haunt Silver Valley, but that incident 50 years ago is only part of the picture.
    • At its height, the Silver Valley area had over 200 active mines.
    • It is estimated that the Coeur d’Alene River delivers about 200 tons of lead to Lake Coeur d’Alene every year.

Swan deaths show the continuing risk

    • In 2022, the average blood lead level for children in “The Box” was estimated at 2.3 micrograms per deciliter, above the U.S. average.
    • The average for the surrounding area was higher, 3.3 micrograms per deciliter.
    • Since 2008, average swan deaths are estimated at 50 to 60 birds per year.
    • There were over 300 bird deaths documented in 2022; a study is underway into the cause.

As Idaho’s population booms, people aren’t aware

    • With population growth comes development, digging and disturbing contaminated soil.
    • Idaho’s Panhandle Health District offers free lead screenings year-round to anyone living or spending time in the area.
    • Mary Rehnborg, program manager for the Institutional Controls Program in the Panhandle Health District, contributed to this article.

Bunker Hill Recommences Construction Activities, Remains on Schedule and Budget for Mine Restart in Q4 2024

Retrieved on: 
Thursday, July 27, 2023
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TORONTO, July 27, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to report that concurrent with finalizing the engineering of the processing plant, the Company has now restarted construction work on site, and is on schedule and budget to restart mining operations by the end of 2024.

Key Points: 
  • Sam Ash, CEO, stated: “I am delighted to report that we have now restarted physical construction work on site, and that our post-financing project review affirms that we remain on track to start production in Q4 2024 in accordance with the existing budget.
  • The purchase and its subsequent move to the Bunker Hill site will enable the process plant engineering team to repurpose it as part of an upgraded comminution circuit.
  • This will be followed by the completion of a feeder between the Bunker Hill and Big Creek Substations to allow for shifting of load between those key facilities.
  • These upgrades will then be further enhanced with investments in load management and the construction of a larger transformer at the Bunker Hill site to ensure a dedicated feeder position to serve the mine.

Bunker Hill Announces Appointment of Paul Smith as Director and Chair of Its New Growth Committee

Retrieved on: 
Thursday, July 6, 2023
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TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce that Paul Smith has been appointed to its Board of Directors and as Chair of its new Growth Committee.

Key Points: 
  • TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce that Paul Smith has been appointed to its Board of Directors and as Chair of its new Growth Committee.
  • Richard Williams, Executive Chairman, commented: “I am excited and very proud to welcome Paul Smith to the Board of Directors of Bunker Hill and to his role as Chair of our new Growth Committee.
  • He represented Glencore as a non-executive director of Lomnin plc and Glencore Agriculture Ltd, and chaired Glencore Technology from 2013-2015.
  • To assist with this, the Company has established a special Growth Committee of the Board, chaired by Mr. Smith, to ensure optimal capital allocation in this endeavor.

Bunker Hill Announces Closing of $67 Million Financing Package

Retrieved on: 
Monday, June 26, 2023
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TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (CSE: BNKR) (“Bunker Hill” or the “Company”) is pleased to announce the closing of the upsized and improved $67 million financing package with Sprott Private Resource Streaming & Royalty Corp. (“Sprott Streaming”), previously announced on May 23, 2023, including the $46 million multi-metals stream (the “Stream”) and $21 million debt facility (the “Debt Facility” and, together with the Stream, the “Financing Package”).

Key Points: 
  • TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (CSE: BNKR) (“Bunker Hill” or the “Company”) is pleased to announce the closing of the upsized and improved $67 million financing package with Sprott Private Resource Streaming & Royalty Corp. (“Sprott Streaming”), previously announced on May 23, 2023, including the $46 million multi-metals stream (the “Stream”) and $21 million debt facility (the “Debt Facility” and, together with the Stream, the “Financing Package”).
  • Sam Ash, CEO, stated “We are exceedingly pleased to announce the closing of our $67 million financing package with Sprott Streaming.
  • This marks a breakthrough moment for Bunker Hill, backstopping completion of the mine restart, materially strengthening our balance sheet, and enabling full-scale recommencement of project activities.
  • As planned, a series of related transactions also took place concurrently with closing of the Financing Package.

SILVER VALLEY METALS COMMENCES MULTI-KILOMETRE TRENCHING PROGRAM TO EXPOSE SIX TARGETS ON SURFACE AT ITS RANGER-PAGE PROJECT IN THE SILVER VALLEY, NORTH IDAHO, USA

Retrieved on: 
Thursday, June 8, 2023
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The trenching and field program is designed to expose veins on surface at multiple areas.

Key Points: 
  • The trenching and field program is designed to expose veins on surface at multiple areas.
  • By exposing vein structures in multiple areas on surface, the dip and trend of these structures will be clearly identified.
  • A comprehensive geological model has been developed along with the integration of the highly anomalous results from the first modern exploration program in 2022 at Ranger-Page.
  • Silver produced from the Crown Point mine represented the highest grades of any of the historic mines on the Ranger-Page project.

Bunker Hill Announces Upsized and Improved $67 Million Financing Package to Enable Completion of the Mine Restart, Offtake Agreement

Retrieved on: 
Tuesday, May 23, 2023
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TORONTO, May 23, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (CSE: BNKR) (“Bunker Hill” or the “Company) is pleased to announce the execution of a non-binding term sheet outlining an upsized and improved $67 million non-dilutive project finance package with Sprott Private Resource Streaming & Royalty Corp (“Sprott Streaming”). All figures in this news release are in US dollars unless otherwise stated.

Key Points: 
  • Sam Ash, CEO, stated “We are excited to announce an upsized and improved project finance package that we expect to backstop the full financing of the Bunker Hill mine restart, materially strengthen our balance sheet and liquidity, and support our TSX-V application.
  • We are thrilled to have partnered with Sprott Streaming, who have demonstrated their commitment and support for the project each step of the way.
  • Including the previously funded $8 million Royalty Convertible Debenture, $6 million Series 1 Convertible Debenture (the “CD1”), and $15 million Series 2 Convertible Debenture (the “CD2”), Sprott Streaming’s total commitment to the Bunker Hill Mine restart would increase to $96 million.
  • Any agreement with a metal trader, in lieu of the Debt Facility, would be subject to approval by Teck and Sprott Streaming.

Bunker Hill Provides Corporate Update

Retrieved on: 
Tuesday, February 28, 2023
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TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to provide a corporate update, including a status update on project and financing activities.

Key Points: 
  • TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to provide a corporate update, including a status update on project and financing activities.
  • Sam Ash, CEO stated: “We are pleased to provide a corporate update to our investors.
  • With strong progress made to date on our key milestones, we are now focused on completing our project financing initiatives, including equity, offtake financing and the advancement of the Stream in order to fund the remaining activities for the restart of the Bunker Hill Mine.”
    Since its last operational update of December 13, 2022, the Company has continued to progress a number of key milestones.
  • Primarily due to the inability to procure certain long-lead items that were planned to be ordered by February 2023, and longer estimated delivery times thereof, the Company now expects the Bunker Hill Mine restart to be achieved in 2024.

Bunker Hill Achieves Underground Development Milestone, Ensuring Upper Levels of Mine Ready For Mechanized Mining

Retrieved on: 
Tuesday, December 13, 2022
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TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to report that it has completed the underground development ‘breakthrough’ to the 6 Level of the mine, the demolition of the old maintenance shop in preparation for mill construction, and remains on track and on budget for a restart of the mine in the fourth quarter of 2023.

Key Points: 
  • Sam Ash, CEO stated: “The efficient execution of this critical underground development milestone paves the way for the start of low-cost mechanized mining on the first 2 million tons of mineralized material in the upper part of the mine.
  • Once mining starts, this ramp will be the primary access and egress route to and from the ore body for 20-ton haul trucks.
  • This achievement represents the majority of pre-restart underground development requirements, ensures that underground development remains on schedule and on budget for the planned restart in Q4 2023, and secures access for mechanized mining equipment to ore for the first years of the mine plan.
  • Under new Idaho-based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver.

Bunker Hill Announces Closing of $5,000,000 Loan Facility

Retrieved on: 
Tuesday, December 6, 2022
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Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.

Key Points: 
  • Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.
  • Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.
  • Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations.
  • No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Bunker Hill Provides November 2022 Project Restart Update

Retrieved on: 
Thursday, December 1, 2022
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TORONTO, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to provide an update on restart project activities during the month of November 2022.

Key Points: 
  • Forward-looking statements may be identified by such terms as believes, anticipates, expects, estimates, may, could, would, will, or plan.
  • Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.
  • Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet managements expectations.
  • The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.