From Financialpost · · 1m 10s
Bunker Hill Shareholders Approve Silver47 Deal
Bunker Hill shareholders approved a business combination with Silver47 Exploration Corp, completing drawdowns to ramp up commercial production by end of 2026.
In brief
Bunker Hill shareholders approved a business combination with Silver47 Exploration Corp, completing drawdowns to ramp up commercial production by end of 2026. Bunker Hill shareholders approved the business combination with Silver47 Exploration Corp, securing US-based silver and critical metals exposure while advancing…
Shareholder Vote Approval
Bunker Hill shareholders approved the business combination with Silver47 Exploration Corp at a special meeting held in Kellogg, Idaho on October 28, 2026.
Commercial Production Timeline
The Company remains on track to achieve commercial production by end of Q4 2026, supported by drawdowns from Ocean Partners and Teck facilities.
Drawdown Proceeds
The drawdowns provided aggregate proceeds of US$20,000,000 to the Company from Ocean Partners UK Ltd. and Teck Resources Limited.
Shareholder Participation
27,295,759 shares represented 57.82% of Bunker Hill’s issued and outstanding shares at the special meeting held in Kellogg, Idaho.
Voting Results
94.69% of shares voted in favor of the Charter Amendment Proposal and 95.07% supported the Share Issuance Proposal.
Transaction Timeline
Silver47 shareholders approved the Transaction on October 27, 2026, with closing expected on or about November 5, 2026, subject to court and stock exchange approvals.
The takeaway
Bunker Hill shareholders approved the business combination with Silver47 Exploration Corp, securing US-based silver and critical metals exposure while advancing commercial production by Q4 2026.
