# 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.
- Title: Bunker Hill Shareholders Approve Silver47 Deal · Financialpost
- Summary: Bunker Hill shareholders approved a business combination with Silver47 Exploration Corp, completing drawdowns to ramp up commercial production by end of…
- Keywords: bunker hill, silver47 exploration corp, tsx, otcqb, commercial production, ocean partners, teck resources, money, business, Bunker, Hill, Shareholders
- Source: Financialpost — https://financialpost.com/globe-newswire/bunker-hill-shareholders-vote-to-approve-business-combination-with-silver47-exploration-corp-as-company-completes-drawdowns-of-ocean-partners-and-teck-facilities-supporting-ramp-up-to-commercial-prod
- Read time: 1 min
- Topics: bunker hill, silver47 exploration corp, tsx, otcqb, commercial production, ocean partners, teck resources, money, business
## 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.
## Key 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.