Bunker Hill Mining – MOU With Teck Resources To Purchase The Pend Oreille Process Plant
David Wiens, CFO of Bunker Hill Mining Corp. (CSE: BNKR; OTCQB: BHLL), joins us to discuss the key acquisition announced this morning with the signing of a Memorandum of Understanding (“MOU”) with Teck Resources Limited (TECK) for the purchase of the Pend Oreille process plant. This gives the Company the missing piece of the equation on the pathway to production, which was a mill, at the historic Bunker Hill Mine in Idaho.
We start off by having David unpack the advantages of getting a domestic mill that can be shipped in and rebuilt on site, taking away some of the concerns of long lead times, supply chain concerns, and inflationary factors. Another net positive is that some Teck Resources staff that operated the Pend Oreille processing plant will be coming over to assist in the construction, engineering, and operation of the plant for Bunker Hill.
Next got David to outline what additional costs there will be above this $3 million equipment purchase, and what the steps and timeline were moving forward with the goal to still be in production by the end of 2023. We covered the ongoing engineering studies, the trade-off studies exploring putting the mill on surface in an existing building, versus underground, the disassembly, shipping, and assembly/construction, and the upcoming Pre-Feasibility Study in late Q2 and Construction decision in the second half of 2022. We wrap up with a look forward at other key news on tap for 2022 for exploration and an eventual up-listing to the TSX Venture.
If you have any follow up questions for David regarding Bunker Hill Mining, then please email us at either Fleck@kereport.com or Shad@kereport.com.