2023 Q1 Form 10-Q Financial Statement

#000149315223016704 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $2.507M
YoY Change -100.0%
Gross Profit $0.00 -$2.507M
YoY Change -100.0%
Gross Profit Margin
Selling, General & Admin $2.185M $2.980M
YoY Change -26.65% 94.03%
% of Gross Profit
Research & Development $0.00
YoY Change -100.0%
% of Gross Profit
Depreciation & Amortization $51.08K $78.46K
YoY Change -34.9% 39.04%
% of Gross Profit
Operating Expenses $2.185M $2.980M
YoY Change -26.65% -35.56%
Operating Profit -$2.185M -$5.487M
YoY Change -60.17%
Interest Expense $1.325M $2.747M
YoY Change -51.77%
% of Operating Profit
Other Income/Expense, Net $214.7K -$140.9K
YoY Change -252.38%
Pretax Income $1.791M -$2.881M
YoY Change -162.17% -149.35%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $1.791M -$2.881M
YoY Change -162.17% -149.35%
Net Earnings / Revenue
Basic Earnings Per Share $0.01 -$0.02
Diluted Earnings Per Share $0.01 -$17.52K
COMMON SHARES
Basic Shares Outstanding 212.4M shares 164.4M shares
Diluted Shares Outstanding 314.7M shares 165.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.593M $3.010M
YoY Change 19.35% -45.4%
Cash & Equivalents $3.593M $3.010M
Short-Term Investments
Other Short-Term Assets $6.476M $936.9K
YoY Change 591.2% 149.41%
Inventory
Prepaid Expenses $360.0K
Receivables $515.5K $169.2K
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.58M $4.116M
YoY Change 157.13% -31.54%
LONG-TERM ASSETS
Property, Plant & Equipment $566.5K $14.97M
YoY Change -96.22% 2683.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $610.0K
YoY Change
Total Long-Term Assets $26.35M $14.97M
YoY Change 75.95% 474.36%
TOTAL ASSETS
Total Short-Term Assets $10.58M $4.116M
Total Long-Term Assets $26.35M $14.97M
Total Assets $36.93M $19.09M
YoY Change 93.46% 121.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.748M $901.0K
YoY Change 538.01% -50.41%
Accrued Expenses $1.825M $2.954M
YoY Change -38.2% -73.38%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $2.500M
YoY Change -40.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.10M $24.87M
YoY Change -59.38% 78.43%
LONG-TERM LIABILITIES
Long-Term Debt $32.12M $12.55M
YoY Change 155.89%
Other Long-Term Liabilities $13.93M $16.87M
YoY Change -17.42% -2.93%
Total Long-Term Liabilities $46.05M $29.42M
YoY Change 56.53% 69.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.10M $24.87M
Total Long-Term Liabilities $46.05M $29.42M
Total Liabilities $56.15M $54.29M
YoY Change 3.43% 73.37%
SHAREHOLDERS EQUITY
Retained Earnings -$69.80M
YoY Change
Common Stock $255.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$19.22M -$35.20M
YoY Change
Total Liabilities & Shareholders Equity $36.93M $19.09M
YoY Change 93.46% 121.48%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $1.791M -$2.881M
YoY Change -162.17% -149.35%
Depreciation, Depletion And Amortization $51.08K $78.46K
YoY Change -34.9% 39.04%
Cash From Operating Activities -$1.361M -$6.840M
YoY Change -80.11% 69.64%
INVESTING ACTIVITIES
Capital Expenditures $60.00K -$6.380M
YoY Change -100.94%
Acquisitions
YoY Change
Other Investing Activities -$374.2K
YoY Change
Cash From Investing Activities -$434.2K -$6.380M
YoY Change -93.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.679M 15.74M
YoY Change -70.28% 163.41%
NET CHANGE
Cash From Operating Activities -$1.361M -6.840M
Cash From Investing Activities -$434.2K -6.380M
Cash From Financing Activities $4.679M 15.74M
Net Change In Cash $2.884M 2.524M
YoY Change 14.28%
FREE CASH FLOW
Cash From Operating Activities -$1.361M -$6.840M
Capital Expenditures $60.00K -$6.380M
Free Cash Flow -$1.421M -$460.0K
YoY Change 208.82% -88.59%

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ForeignExchangeGainOnRetranslationOfLeaseLiability
-718 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-250086 usd
CY2023Q1 BHLL Amortization Of Epa Discount
AmortizationOfEpaDiscount
374307 usd
CY2022Q1 BHLL Amortization Of Epa Discount
AmortizationOfEpaDiscount
138427 usd
CY2023Q1 BHLL Gain Loss On Fair Value Of Derivatives
GainLossOnFairValueOfDerivatives
-1689701 usd
CY2022Q1 BHLL Gain Loss On Fair Value Of Derivatives
GainLossOnFairValueOfDerivatives
73469 usd
CY2022Q1 BHLL Imputed Interest Expense On Convertible Debentures
ImputedInterestExpenseOnConvertibleDebentures
468116 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-236893 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6905 usd
CY2022Q1 BHLL Increase Decrease In Prepaid Finance Costs
IncreaseDecreaseInPrepaidFinanceCosts
524674 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
954046 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-383159 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
498412 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1545801 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
75000 usd
CY2022Q1 BHLL Increase Decrease In Epa Cost Recovery Payable
IncreaseDecreaseInEpaCostRecoveryPayable
-2000000 usd
CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
892753 usd
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
97493 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1360593 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6839679 usd
CY2022Q1 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
500000 usd
CY2022Q1 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
202000 usd
CY2022Q1 BHLL Repayments Of Mine
RepaymentsOfMine
5524322 usd
CY2023Q1 BHLL Payments To Acquire Process Plant
PaymentsToAcquireProcessPlant
93765 usd
CY2023Q1 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
280466 usd
CY2023Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
60004 usd
CY2022Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
153350 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-434235 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6379672 usd
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
14000000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
3661822 usd
CY2023Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
837459 usd
CY2023Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
240000 usd
CY2022Q1 BHLL Proceeds From Subscriptions Received
ProceedsFromSubscriptionsReceived
1775790 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
60000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
32422 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4679281 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15743368 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2884453 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2524017 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7184105 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
486063 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10068558 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3010080 usd
CY2023Q1 BHLL Accounts Payable Accrued Liabilities And Promissory Notes Settled With Special Warrants Issuance
AccountsPayableAccruedLiabilitiesAndPromissoryNotesSettledWithSpecialWarrantsIssuance
874198 usd
CY2023Q1 BHLL Interest Payable Settled With Common Shares
InterestPayableSettledWithCommonShares
1368724 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10068558 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3010080 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
6476000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3592558 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3010080 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-26176943 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
233668 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
111971 usd
CY2023Q1 BHLL Stock Issued During Period Value For Interest Payable
StockIssuedDuringPeriodValueForInterestPayable
1618827 usd
CY2023Q1 BHLL Stock Issued During Period Value Shares Issued For Warrant Exercise
StockIssuedDuringPeriodValueSharesIssuedForWarrantExercise
907091 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1484788 usd
CY2023Q1 BHLL Site Preparation Costs
SitePreparationCosts
3256110 usd
CY2022Q4 BHLL Site Preparation Costs
SitePreparationCosts
2296266 usd
CY2023Q1 BHLL Stock Issued During Period Value Gain On Fair Value From Change In Credit Risk
StockIssuedDuringPeriodValueGainOnFairValueFromChangeInCreditRisk
807012 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1791149 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-19222437 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-34242368 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-34242368 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
145186 usd
CY2022Q1 BHLL Stock Issued During Period Value Stock Subscription Received For Units
StockIssuedDuringPeriodValueStockSubscriptionReceivedForUnits
1775790 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2880886 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2880886 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-35202278 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-35202278 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zIhGTl0EfLX9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_827_zontKHwbVX2f">Nature and Continuance of Operations and Going Concern</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bunker Hill Mining Corp. (the “Company”) was incorporated under the laws of the state of <span id="xdx_904_edei--EntityIncorporationStateCountryCode_c20230101__20230331_zI8tFxAS0M0g" title="Entity incorporation, state or country code">Nevada</span>, U.S.A. on February 20, 2007, under the name Lincoln Mining Corp. Pursuant to a Certificate of Amendment dated February 11, 2010, the Company changed its name to Liberty Silver Corp., and on September 29, 2017, the Company changed its name to Bunker Hill Mining Corp. The Company’s registered office is located at 1802 N. Carson Street, Suite 212, Carson City, Nevada 89701, and its head office is located at 82 Richmond Street East, Toronto, Ontario, Canada, M5C 1P1. As of the date of this Form 10-Q, the Company had one subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.), an Idaho corporation created to facilitate the work being conducted at the Bunker Hill Mine in Kellogg, Idaho.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company was incorporated for the purpose of engaging in mineral exploration activities. It continues to work at developing its project with a view towards putting it into production.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Going Concern:</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These unaudited condensed interim consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $<span id="xdx_905_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_di_c20230331_zkZ3wXTvZAQd" title="Accumulated deficit">69,801,410</span> as at March 31, 2023 and further losses are anticipated in the development of its business. The Company does not have sufficient cash to fund normal operations and meet debt obligations for the next 12 months without deferring payment on certain current liabilities and/or raising additional funds. In order to continue to meet its fiscal obligations in the current fiscal year and beyond, the Company must seek additional financing. This raises substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The accompanying condensed interim consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets, debt, and closing on the multi-metals stream transaction (see note 7). These unaudited interim consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>The Russia/Ukraine Crisis:</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations could be adversely affected by the effects of the Russia/Ukraine crisis and the effects of sanctions imposed against Russia or that country’s retributions against those sanctions, embargos or further-reaching impacts upon energy prices, food prices and market disruptions. The Company cannot accurately predict the impact the crisis will have on its operations and the ability of contractors to meet their obligations with the Company, including uncertainties relating the severity of its effects, the duration of the conflict, and the length and magnitude of energy bans, embargos and restrictions imposed by governments. In addition, the crisis could adversely affect the economies and financial markets of the United States in general, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. Additionally, the Company cannot predict changes in precious metals pricing or changes in commodities pricing which may alternately affect the Company either positively or negatively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-69801410 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zYy1c5wKstDc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zz3Z8dktQ6k2">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes for items such as mineral reserves, useful lives and depreciation methods, potential impairment of long-lived assets, deferred income taxes, settlement pricing of commodity sales, fair value of stock based compensation, accrued liabilities, estimation of asset retirement obligations and reclamation liabilities, convertible debentures, and warrants. Estimates are based on historical experience and various other assumptions that the Company believes to be reasonable. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 BHLL Process Plant Non Current Assets
ProcessPlantNonCurrentAssets
9093941 usd
CY2022Q4 BHLL Plant Purchase Price Less Inventory
PlantPurchasePriceLessInventory
3633292 usd
CY2023Q1 BHLL Demobilization
Demobilization
2204539 usd
CY2022Q4 BHLL Demobilization
Demobilization
2201414 usd
CY2023Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
485491 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
386218 usd
CY2023Q1 BHLL Environment Protection Agency Overpayment Current And Noncurrent
EnvironmentProtectionAgencyOverpaymentCurrentAndNoncurrent
30000 usd
CY2022Q4 BHLL Environment Protection Agency Overpayment Current And Noncurrent
EnvironmentProtectionAgencyOverpaymentCurrentAndNoncurrent
170729 usd
CY2023Q1 BHLL Accounts Receivable And Prepaid Expenses Current And Noncurrent
AccountsReceivableAndPrepaidExpensesCurrentAndNoncurrent
515491 usd
CY2022Q4 BHLL Accounts Receivable And Prepaid Expenses Current And Noncurrent
AccountsReceivableAndPrepaidExpensesCurrentAndNoncurrent
556947 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
980575 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
920571 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
414059 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
369367 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
566516 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
551204 usd
CY2023Q1 BHLL Plant Purchase Price Less Inventory
PlantPurchasePriceLessInventory
3633292 usd
CY2022Q4 BHLL Process Plant Non Current Assets
ProcessPlantNonCurrentAssets
8130972 usd
CY2021Q4 BHLL Project Finance Package Convertible Debenture
ProjectFinancePackageConvertibleDebenture
50000000 usd
CY2021Q4 BHLL Project Finance Package Convertible Debenture
ProjectFinancePackageConvertibleDebenture
50000000 usd
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
66000000 usd
CY2023Q1 BHLL Operating Lease Loader Lease
OperatingLeaseLoaderLease
114920 usd
CY2023Q1 BHLL Operating Lease Loader Accumulated Depreciation
OperatingLeaseLoaderAccumulatedDepreciation
-6384 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
108536 usd
CY2023Q1 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
6384 usd
CY2022Q1 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
24442 usd
CY2023Q1 BHLL Mine And Mining Interests
MineAndMiningInterests
14247210 usd
CY2022Q4 BHLL Mine And Mining Interests
MineAndMiningInterests
14247210 usd
CY2023Q1 BHLL Capitalized Development
CapitalizedDevelopment
1517526 usd
CY2022Q4 BHLL Capitalized Development
CapitalizedDevelopment
1447435 usd
CY2023Q1 BHLL Pend Oreille Plant Asset Net
PendOreillePlantAssetNet
15764736 usd
CY2022Q4 BHLL Pend Oreille Plant Asset Net
PendOreillePlantAssetNet
15694645 usd
CY2022Q1 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
202000 usd
CY2023Q1 us-gaap Payments For Deposits
PaymentsForDeposits
19000000 usd
CY2023Q1 us-gaap Payments For Fees
PaymentsForFees
20000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
6476000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
374306 usd
CY2023Q1 BHLL Environment Protection Agency Cost Recovery Liability Longterm Net Of Discount
EnvironmentProtectionAgencyCostRecoveryLiabilityLongtermNetOfDiscount
8315772 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
156343 usd
CY2023Q1 BHLL Monthly Instalments
MonthlyInstalments
100000 usd
CY2023Q1 BHLL Monthly Costs Water Treatment Charges
MonthlyCostsWaterTreatmentCharges
100000 usd
CY2023Q1 BHLL Environment Protection Agency Overpayment Current And Noncurrent
EnvironmentProtectionAgencyOverpaymentCurrentAndNoncurrent
30000 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
151712397 shares
CY2022Q4 BHLL Environment Protection Agency Overpayment Current And Noncurrent
EnvironmentProtectionAgencyOverpaymentCurrentAndNoncurrent
170729 usd
CY2021Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
51000000 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
151712379 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
150000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.15
CY2023Q1 BHLL Gain On Fair Value Of Convertible Debt Derivatives
GainOnFairValueOfConvertibleDebtDerivatives
-1689701 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-250086 usd
CY2023Q1 BHLL Funding Stream Description
FundingStreamDescription
If the Company draws the maximum funding of $37,000,000, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver (subsequently amended, as described below). Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. The Company may buy back 50% of the Stream Amount at a 1.40x multiple of the Stream Amount between the second and third anniversary of the date of funding, and at a 1.65x multiple of the Stream Amount between the third and fourth anniversary of the date of funding. As of March 31, 2023, the Stream had not been advanced
CY2023Q1 BHLL Debt Amount Availableunder Stream
DebtAmountAvailableunderStream
37000000 usd
CY2023Q1 BHLL Addition Operating Lease Payments
AdditionOperatingLeasePayments
114920 usd
CY2023Q1 BHLL Imputed Interest Expense On Lease Liability
ImputedInterestExpenseOnLeaseLiability
3611 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
60000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
58531 usd
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1500000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.000001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.000001
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
235500 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.50
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9320636 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.51
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
10.00
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9053136 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.58
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
700000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
47000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9320636 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.51
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9320636 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6141807 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2280807 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
576000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.62
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
6620641 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.17
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
2373900 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.18
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4822741 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.22
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4822741 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.22
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1507580 shares
CY2023Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
10000 usd
CY2023Q1 us-gaap Officers Compensation
OfficersCompensation
215448 usd
CY2022Q1 us-gaap Officers Compensation
OfficersCompensation
1097610 usd

Files In Submission

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bhll-20230331_def.xml Edgar Link unprocessable
0001493152-23-016704-index-headers.html Edgar Link pending
0001493152-23-016704-index.html Edgar Link pending
0001493152-23-016704.txt Edgar Link pending
0001493152-23-016704-xbrl.zip Edgar Link pending
bhll-20230331.xsd Edgar Link pending
bhll-20230331_cal.xml Edgar Link unprocessable
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
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bhll-20230331_lab.xml Edgar Link unprocessable
bhll-20230331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R48.htm Edgar Link pending
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