Bunker Hill Signs Agreement to Acquire All Shares of Silver47
Bunker Hill has signed an agreement to acquire all issued and outstanding shares of Silver47 Exploration, forming a new company named Bunker Hill Silver. The combined entity will focus on U.S.-based silver and critical minerals production and is expected to trade under the same exchange as before—Toronto Stock Exchange (TSX). This merger brings together Bunker Hill's producing mine in Idaho with Silver47’s exploration projects across Alaska, Nevada, and New Mexico. The transaction terms stipulate that each Silver47 shareholder will receive 0.1724 of a Bunker Hill share for every share held. Post-merger ownership is projected to be approximately 57% by current Bunker Hill shareholders and 43% by former Silver47 shareholders on a basic basis. The new company plans to leverage existing cash reserves, anticipated operating cash flow from the mine in Idaho, as well as a $10 million concentrate prepayment facility with Ocean Partners UK. The combined entity is expected to control four U.S.-based silver projects and aims for significant production growth—from over 980,000 ounces of silver equivalent in 2026 to more than 5 million ounces after expansion. The merger also strengthens the balance sheet and adds depth to leadership.
Topics: acquisition mining silver production