07:22 AM EST, 12/24/2024 (MT Newswires) -- Bunker Hill Mining ( BHLL ) overnight Monday announced certain updates concerning its decision to issue up to 8.45 million shares to satisfy debenture interest payment obligations and financing fees.

The Idaho-based mining company intends to issue up to 7.4 million common shares to certain holders of its 7.5% and 10.5% convertible debentures. The share issue will satisfy interest payments of US$517,000 due Dec. 31. Bunker Hill will also issue up to 7.1 million interest shares, instead of the 7.4 million shares as reported last week, to Sprott Private Resource Streaming and Royalty to satisfy interest owing.

The company also intends to issue up to 1.05 million shares to a service provider to satisfy fees payable of US$120,000. The provider had provided collateral security to Bunker Hill subsidiary, Silver Valley Metals so that it could obtain certain surety bonds for the Bunker Hill Mine.