Bunker Hill Mining secures $4.7M silver-backed loan to restart historic mine

Bunker Hill Mining Corp. has completed the final stage of a silver-backed loan worth over US$4.7 million. The funding, provided by Monetary Metals Bond III LLC, marks the full drawdown of a seven-part financing deal. The company will use the loan to restart and expand operations at its Bunker Hill Mine.

The latest tranche, valued at US$4,763,110.38, corresponds to 50,958 ounces of silver. This brings the total loan to its full amount, with all seven instalments now finalised. Sprott Inc., acting through Monetary Metals, delivered the funds on 30 January 2026.

The silver loan is specifically earmarked for reviving the Bunker Hill Mine. The financing structure ties repayment to silver production, offering a flexible approach for the company. Sam Ash, the firm's President and CEO, acknowledged the partnership with Monetary Metals, calling it a key factor in securing innovative, commodity-linked funding.

With the loan fully drawn, Bunker Hill Mining can now focus on restarting mine operations. The silver-backed financing provides capital without immediate cash repayment pressures. The deal also strengthens the company's ties with Monetary Metals and Sprott Inc.