Bunker Hill Mining to acquire Silver47 in $163M all-stock deal

Published Aug 21, 12:12 PM UTC

Bunker Hill Mining (TSX: BNKR; OTCQB: BHLL) is acquiring Silver47 Exploration (TSX-V: AGA; OTCQX: AAGA) in an all-stock deal valued at approximately $163 million. Silver47 shareholders will receive 0.1724 Bunker Hill common shares per share, representing a 38% premium to Silver47's Thursday close. The merger pairs Bunker Hill's namesake mine in Idaho's Silver Valley with Silver47's exploration portfolio in Alaska, Nevada, and New Mexico. The combined company will be named Bunker Hill Silver, with existing Bunker Hill shareholders owning 57% and Silver47 investors holding 43%. Bunker Hill also secured about $11 million in new financing from existing partners, including a $10-million concentrate prepayment facility with Ocean Partners UK and a $1-million draw under its standby facility with Teck. The transaction is expected to close in November 2026.