Bunker Hill Mining Corp (OTCMKTS:BHLL) has filed an independent Preliminary Feasibility Study (PFS), for the Bunker Hill Mine in the Silver Valley region of Idaho, USA, as per an announcement on October 18, 2022.
On Tuesday, BHLL stock ended flat at $0.0830 with 123K shares, compared to its average volume 99.12K shares. The stock moved within a range of $0.0830 – 0.0950 after opening trade at $0.0950.
Bunker Hill Mining Announces Filing of PFS Technical Report
As per Bunker Hill’s news release on September 6, 2022, it covered the key results, assumptions and estimates contained in the PFS. The company has reported there are no material differences between the key results, assumptions and estimates contained in the PFS and this news release.
The company has also getting a new payment bond to secure a portion of its cost recovery obligations to the US Environmental Protection Agency. It has resulted in an improvement in liquidity, of $3,000,000. The new payment bond is scheduled to increase to $7,001,000 (from $5,000,000) upon the advance of the multi-metals Stream from Sprott Private Resource Streaming & Royalty Corp. It means another boost of $2,001,000 in liquidity from the release of restricted cash.
Lastly, the company has awarded a new contract for water management services to MineWater LLC for strategic environmental support at the Bunker Hill Mine through September 30, 2023. Minewater is to be paid $60,000 in cash and issued 1,599,150 Restricted Share Units by Bunker Hill. They will vest immediately to common shares of the company that will be subject to customary resale restrictions in Canada and the United States.
Mr. Scott E. Wilson, CPG, President of RDA and a consultant to the Company, is an independent “qualified person” as defined by NI 43-101 and is acting as the qualified person for the Company. He has reviewed and approved the technical information summarized in this news release.
BHLL stock is trading below the 20-Day and 50-Day Moving averages of $0.0903 and $0.0990 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1805.