News about fresh capital infusion can lead to considerable new interest in a stock, and hence it would be no surprise if the Bunker Hill Mining Corp (OTC: BHLL) stock comes on to the radars of investors this morning. Yesterday, the company was in the news cycle after it made an announcement about the receipt of fresh capital through a standby facility.
Third Tranche Received
On Monday Bunker Hill Mining Corp announced that it had received the third tranche worth $5 million from the senior secured credit facility it had with Sprott Private Resource Streaming and Royalty Corp. As per the terms of the facility, Sprott had already advanced the company with $10 million prior to the third tranche and agreed to advance total of $21 million through the standby facility. The funds from the facility would be used for the purpose of developing the Bunker Hill Mine situated in Kellogg, Idaho.
Further Details
In the news release, the company further noted that even though it continued to work closely with a number of stakeholders and those associated with the present Presidential administration, its operational team continued to work on restarting the Bunker Hill mine project. It remains to be seen if the Bunker Hill Mining Corp stock experiences a rally today or not.
CEO Comment
Sam Ash, President and CEO, stated, “As we continue discussions with strategic financing partners and engage with representatives of the incoming administration in the nation’s capital, the operational team at Bunker Hill continues to advance its restart project with the consistent and vital support of Sprott Streaming, working to create new American mining jobs and metal in ways that improve long-term American industrial security.”
Technicals
| +/- EMA(20) | 0.11 (+8.18%) |
| +/- SMA(50) | 0.1 (+19.00%) |
| +/- SMA(200) | 0.11 (+8.18%) |
| 5-Day Perf. | +5.78% |
| 1-Month Perf. | +33.26% |
| 3-Month Perf. | +2.85% |
| 6-Month Perf. | -0.83% |
| YTD Perf. | +5.78% |
| 1-Year Perf. | +60.81% |
| RSI(14) | 62.89 |
| ATR(14) | 0.01 |
| ADX(14) | 25.03 |
