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Teck Resources Ltd
Symbol TECK
Shares Issued 496,613,814
Close 2025-03-06 C$ 58.37
Market Cap C$ 28,987,348,323
Recent Sedar+ Documents

Globe says Teck leads major investment for Bunker Hill

2025-03-07 09:09 ET - In the News

See In the News (C-BNKR) Bunker Hill Mining Corp (2)

The Globe and Mail reports in its Friday edition that Teck Resources is playing a key role in a $60-million financing and debt restructuring for the developer of a northern U.S. mine that will bring the two businesses together at a time of cross-border trade acrimony (all figures U.S.). The Globe's Jeffrey Jones writes that Vancouver-based Teck is buying a $40-million equity stake in junior miner Bunker Hill Mining, which is redeveloping a shuttered mine near Coeur d'Alene, Idaho. The Bunker Hill mine will produce zinc and lead concentrate, silver and trace amounts of the critical minerals germanium and gallium, which are used in such applications as electronics and communications. Teck will process the materials at its Trail, B.C., smelter and refinery after the mine starts up late this year. It said in a statement that the transaction will bolster the North American critical minerals supply chain. In addition, Bunker Hill is launching a $20-million brokered equity offering led by BMO, CIBC and Red Cloud Securities. It is also restructuring debt held by Sprott Streaming and Royalty Co. and Monetary Metals Bond III LLC, $15-million of which is being converted into equity. Bunker Hill had been hobbled by pricey debt.

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