Bunker Hill Mining draws US$2 million under Ocean Partners facility
BHLL•Bunker Hill Mining drew US$2 million under its Ocean Partners facility on October 9, bringing outstanding principal to the US$10 million limit. The proceeds will fund working capital at its Idaho mine.
1. Facility draw
Bunker Hill Mining drew US$2 million from its Ocean Partners UK concentrate prepayment facility on October 9, 2026. The third draw brought outstanding principal to the US$10 million limit under an agreement dated August 20, 2026.
2. Interest terms
The borrowings bear annual interest at 7 percentage points over the three-month secured overnight financing rate, accrue daily and are payable monthly in arrears. The rate increases by 3 percentage points during an event of default.
