Teck Resources will make an investment of $40 million in Bunker Hill Mining as part of its strategy to optimize its Trail Operations.
Teck says the investment secures high-quality, cost-competitive shipments of zinc and lead concentrates from the Bunker Hill mine located in Idaho’s Silver Valley.
Under an existing offtake agreement between the companies, production from Bunker Hill will go towards Teck’s Trail Operations, supplementing the existing feed from Teck’s Red Dog operations in Alaska.
The investment is subject to various closing conditions, including completion of certain restructuring transactions and a marketed private placement by Bunker Hill and receipt of all necessary stockholder, regulatory and stock exchange approvals.
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