SCOTTSDALE, Ariz., Nov. 12,
2024 /PRNewswire/ -- Monetary Metals is proud to
announce the delivery of over 1 million ounces in silver bond
financing to Bunker Hill Mining Corporation (TSXV: BNKR | OTCQB:
BHLL).
This transaction marks a significant
milestone as it represents the first silver bond issuance in over
200 years.
The silver bond has a three-year duration, with the principal
denominated in silver, and pays investors an annual coupon of 12%
in silver. Proceeds will support the rapid re-start and ongoing
development of the Bunker Hill Mine, located in Kellogg, Idaho. Investors in the bond include
HNW and UHNW individuals, family offices, and institutions.
Sam Ash, CEO of Bunker Hill,
expressed his enthusiasm about the deal. "We are incredibly
impressed with the professionalism and expertise that Monetary
Metals has brought to the table," he stated. "Their innovative
approach to financing supports our goals and aligns with our vision
of sustainable and responsible mining. This deal represents a
pivotal moment for Bunker Hill as we work towards revitalizing our
operations and delivering value to our stakeholders."
Monetary Metals Vice President of Origination, Miranda Werstiuk, spearheaded the deal for
Bunker Hill. She emphasized the importance of this bond for the
mining industry, showcasing a creative mechanism and structure for
non-dilutive financing. "This is a landmark transaction for
Monetary Metals and an important signal to the mining sector—we
have capital to deploy for qualified projects."
The bond holds broader historical implications as well.
Keith Weiner, CEO of Monetary
Metals, noted, "This transaction marks a significant milestone as
it represents the first silver bond issuance in over 200 years. Our
first gold bond issuance in 2020 set the stage; now, we are
continuing the momentum with the first silver bond to Bunker Hill
Mining. By successfully bringing back the idea of gold and
silver-denominated financing to capital markets, we are paving the
way for a new era of precious metals investment, and we are just
getting started."
According to the terms of the agreement, Monetary Metals can
loan up to 1.2 million ounces of silver to Bunker Hill in one or
more tranches. As of today, Monetary Metals has delivered 1,008,581
ounces of silver. For more information about Monetary Metals' gold
and silver bond opportunities and financing solutions, please visit
monetary-metals.com.
About Monetary Metals
Monetary Metals® is Unlocking the Productivity of
Gold™ by offering a Yield on Gold, Paid in Gold® to
investors, and Gold Financing, Simplified™ to gold-using businesses
(mints, miners, refiners, jewelers, etc.). The company brings both
sides together in its Gold Yield Marketplace® platform
where everyone can save, earn, and finance production in gold. In
addition, the company's market analysis and proprietary charts,
including the gold forward rate, are utilized by gold investors and
gold-using businesses globally.
For additional information, please contact:
Dickson Buchanan Jr.
Vice President, Marketing
T: 646-653-9729
E: dickson@monetary-metals.com
For additional information or press inquiries, please email
press@monetary-metals.com
ABOUT BUNKER HILL MINING CORP.
Under Idaho-based leadership,
Bunker Hill intends to sustainably restart and develop the Bunker
Hill Mine as the first step in consolidating and then optimizing
several mining assets into a high-value portfolio of operations
centered initially in North
America. Information about the Company is available on its
website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR
databases.
For additional information, please contact:
Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
E: brenda.dayton@bunkerhillmining.com
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SOURCE Monetary Metals & Co.