MOU With Teck For Purchase Of Pend Oreille Process Plant

TORONTO - Bunker Hill Mining Corp. reported the signing of a Memorandum of Understanding (MOU) with Teck Resources Limited for the purchase of the Pend Oreille process plant.

Sam Ash, CEO, said, “We are excited to announce a signed MOU with Teck for a process plant that is perfectly suited for our restart plan at Bunker Hill. This meets most of our capital equipment needs and significantly de-risks the project concurrent with advancement of our Prefeasibility Study. The purchase price also represents potential capex savings relative to our PEA calculations at a time of industry-wide inflation, and the plant’s proximity will enable timely delivery at a time of global supply chain insecurity while also giving us access to skilled professionals who have extensive, first-hand experience working it. We look forward to finalizing our construction plans and further exploring a broader strategic partnership with Teck.”