Canadian Mining Journal

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ZINC-LEAD: Bunker Hill defaults on payments and terminates lease at flagship project


Bunker Hill Mining (CSE: BNKR; US-OTC: BHLL) terminated its lease and option agreement to acquire the Bunker Hill zinc-lead-silver mine in Idaho after missing US$400,000 in property payments that were due at the end of September and on Oct. 1, 2018.

In mid-August the company closed a nearly $1.4 million private placement.

Bunker Hill also appears to have lost its CEO Bruce Reid — although the company has not formally announced it — with board member John Ryan filling his role at the moment.

In mid-June 2018, Reid issued a letter to investors describing the company’s plans for Bunker Hill, including a future Toronto Stock Exchange listing and a mine plan that would cost US$75 million in pre-production capital to get the past-producer up and running.

Continue reading at The Northern Miner.