The company expects to commence demobilization activities prior to May, with completion by September at Pend Oreille.
Bunker Hill Mining Corp. signed an asset purchase agreement (APA) with Teck Resources to purchase the Pend Oreille process plant in Washington. Closing of the transaction remains subject to certain conditions, including payment of the remaining purchase price of $2 million to $3 million by May 15.
“Finalizing the APA with Teck is a key milestone,” Bunker Hill CEO Sam Ash said. “We look forward to working with Teck and our contractors over the coming days to finalize plans for the safe and efficient demobilization and transport of the mill to Bunker Hill.”
The company expects to commence demobilization activities prior to May, with completion by September. Concurrent with the completion of the prefeasibility study, which remains on track for the second quarter of 2022, Bunker Hill is evaluating potential capital cost savings by locating the process plant in an existing surface building.
Located 95 miles north of Spokane, Pend Oreille is an idled underground zinc/ lead operation with on-surface ore processing facilities, which was idled in 2009.
