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Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 2,356,538 $ 3,786,277
Restricted cash (note 8) 2,975,000 4,475,000
Accounts receivable and prepaid expenses (note 3) 564,382 690,358
Prepaid financing costs 529,863
Asset held for sale 40,000 40,000
Spare parts inventory 341,004 341,004
Total current assets 6,806,787 9,332,639
Non-current assets    
Long term deposit 244,807 254,106
Equipment (note 4) 1,605,310 1,741,981
Right-of-use asset (note 4) 714,437 758,125
Land 309,861 309,861
Bunker Hill Mine and mining interests (note 6) 19,094,706 18,795,591
Process plant (note 5) 74,150,170 66,409,247
Total assets 102,926,078 97,601,550
Current liabilities    
Accounts payable (note 15) 12,042,441 14,678,901
Accrued liabilities 1,636,978 5,210,939
Current portion of lease liability (note 7) 185,175 189,368
Deferred share units liability (note 11) 878,680 929,466
Environment protection agency cost recovery payable (note 8) 3,000,000 3,000,000
Current portion of stream debenture 2,592,377 4,063,253
Interest payable (note 9) 499,315 522,485
Teck promissory note (note 9) 3,095,097
Current income tax payable (note 13) 1,050,000 1,050,000
Total current liabilities 24,980,063 29,644,412
Non-current liabilities    
Lease liability (note 7) 19,965 62,282
Series 1 convertible debenture (note 9) 5,364,818 5,494,151
Series 2 convertible debenture (note 9) 13,565,280 13,898,481
Stream debenture (note 9) 51,204,163 52,923,747
Silver loan (note 9) 36,379,996 31,802,708
Debt facility (note 9) 20,060,254 9,236,610
Environment protection agency cost recovery liability, net of discount (note 8) 5,957,242 5,549,229
Derivative warrant liability (note 10) 669,648 1,125,295
Total liabilities 158,201,429 149,736,915
Shareholders’ Deficiency    
Preferred shares, $0.000001 par value, 10,000,000 preferred shares authorized; nil preferred shares issued and outstanding (note 10)
Common shares, $0.000001 par value, 1,500,000,000 common shares authorized; 359,438,769 and 349,698,625 shares of common stock issued and outstanding, respectively (note 10) 358 348
Additional paid-in-capital (note 10) 62,407,044 61,233,369
Accumulated other comprehensive income (969,819) (3,002,361)
Accumulated deficit (116,712,934) (110,366,721)
Total shareholders’ deficiency (55,275,351) (52,135,365)
Total shareholders’ deficiency and liabilities $ 102,926,078 $ 97,601,550