2024 Q1 Form 10-K Financial Statement

#000149315224009660 Filed on March 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.788M $3.306M $11.60M
YoY Change 73.31% 48.31% 33.96%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.81K $63.70K $190.1K
YoY Change 77.8% 50.31% -11.42%
% of Gross Profit
Operating Expenses $3.788M $3.306M $11.60M
YoY Change 73.31% 48.31% 33.96%
Operating Profit -$3.788M -$11.60M
YoY Change 73.31% -29.64%
Interest Expense -$2.051M $1.153M $92.80K
YoY Change -254.81% -125.2% 463.58%
% of Operating Profit
Other Income/Expense, Net $1.099M $1.674M $2.517M
YoY Change 411.88% -139.89% -322.99%
Pretax Income -$6.282M -$5.831M -$10.84M
YoY Change -450.72% -51.27% -1306.77%
Income Tax $699.9K -$17.15K $2.589M
% Of Pretax Income
Net Earnings -$5.582M -$5.814M -$13.43M
YoY Change -411.65% -51.41% -1594.84%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02 -$0.05
Diluted Earnings Per Share -$0.02 -$0.02 -$0.05
COMMON SHARES
Basic Shares Outstanding 330.1M shares 322.6M shares 280.4M shares
Diluted Shares Outstanding 329.4M shares 280.4M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.68M $20.10M $20.10M
YoY Change 280.91% 2738.91% 2738.91%
Cash & Equivalents $13.68M $20.10M $20.10M
Short-Term Investments
Other Short-Term Assets $6.476M $6.476M $6.476M
YoY Change 0.0% 0.0% 0.0%
Inventory
Prepaid Expenses $557.5K $382.2K
Receivables $703.0K $598.4K $598.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.86M $27.18M $27.18M
YoY Change 97.12% 251.08% 251.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.165M $946.7K $34.22M
YoY Change 105.61% 71.74% 39.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $590.3K $590.3K $590.3K
YoY Change -3.24% -3.24% -3.24%
Total Long-Term Assets $40.79M $34.81M $34.81M
YoY Change 54.81% 38.21% 38.21%
TOTAL ASSETS
Total Short-Term Assets $20.86M $27.18M $27.18M
Total Long-Term Assets $40.79M $34.81M $34.81M
Total Assets $61.65M $61.99M $61.99M
YoY Change 66.94% 88.25% 88.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.417M $1.789M $1.789M
YoY Change -23.16% -60.45% -60.45%
Accrued Expenses $1.321M $1.226M $2.114M
YoY Change -27.62% -18.31% -20.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.20M $7.472M $7.472M
YoY Change 20.78% -26.42% -26.42%
LONG-TERM LIABILITIES
Long-Term Debt $69.27M $69.84M $69.84M
YoY Change 115.64% 779.45% 102.02%
Other Long-Term Liabilities $9.110M $8.455M $8.455M
YoY Change -34.6% -41.21% -41.21%
Total Long-Term Liabilities $78.38M $78.30M $78.30M
YoY Change 70.2% 885.91% 59.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.20M $7.472M $7.472M
Total Long-Term Liabilities $78.38M $78.30M $78.30M
Total Liabilities $92.47M $88.36M $88.36M
YoY Change 64.67% 49.49% 49.49%
SHAREHOLDERS EQUITY
Retained Earnings -$90.61M -$85.03M
YoY Change 29.81% 18.76%
Common Stock $331.00 $321.00
YoY Change 29.8% 40.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$30.82M -$26.37M -$26.37M
YoY Change
Total Liabilities & Shareholders Equity $61.65M $61.99M $61.99M
YoY Change 66.94% 88.25% 88.25%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$5.582M -$5.814M -$13.43M
YoY Change -411.65% -51.41% -1594.84%
Depreciation, Depletion And Amortization $90.81K $63.70K $190.1K
YoY Change 77.8% 50.31% -11.42%
Cash From Operating Activities -$2.863M -$2.769M -$12.33M
YoY Change 110.44% -168.65% -45.18%
INVESTING ACTIVITIES
Capital Expenditures $264.6K $684.5K $1.998M
YoY Change 341.05% 117.68% -78.21%
Acquisitions
YoY Change
Other Investing Activities -$3.092M -$3.579M -$9.398M
YoY Change 726.12% 174.33% 369.46%
Cash From Investing Activities -$3.356M -$4.264M -$11.40M
YoY Change 672.9% 163.33% 1.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.662M
YoY Change -52.86%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$198.7K -1.225M $43.12M
YoY Change -104.25% -126.26% 6.82%
NET CHANGE
Cash From Operating Activities -$2.863M -2.769M -$12.33M
Cash From Investing Activities -$3.356M -4.264M -$11.40M
Cash From Financing Activities -$198.7K -1.225M $43.12M
Net Change In Cash -$6.418M -8.258M $19.39M
YoY Change -322.51% -216.63% 189.55%
FREE CASH FLOW
Cash From Operating Activities -$2.863M -$2.769M -$12.33M
Capital Expenditures $264.6K $684.5K $1.998M
Free Cash Flow -$3.128M -$3.453M -$14.33M
YoY Change 120.18% -192.86% -54.75%

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CY2023Q4 BHLL Shares Issued Per Price For Debt Settlement
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CY2022Q4 BHLL Shares Issued Per Price For Debt Settlement
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CY2023 us-gaap Nature Of Operations
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<p id="xdx_800_eus-gaap--NatureOfOperations_zxW3d4Y7ccqd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="Ca_006"></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_82E_zsh8t7oUw0x8">Nature and continuance of operations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 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_90D_edei--EntityIncorporationStateCountryCode_c20230101__20231231_zaQpWVlBYgFh" 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-K, the Company had one subsidiary, Silver Valley Metals Corp. (“Silver Valley”, 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: 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: 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, and exploitation 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 dei Entity Incorporation State Country Code
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NV
CY2023 us-gaap Use Of Estimates
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<p id="xdx_841_eus-gaap--UseOfEstimates_zS38EI0ZSSMd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zHAbk3fxG4e4">Use of estimates and assumptions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Many of the amounts included in the consolidated financial statements require management to make judgments and/or estimates. These judgments and estimates are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Areas of significant judgment and estimates affecting the amounts recognized in the consolidated financial statements include:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Going concern</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The assessment of the Company’s ability to continue as a going concern involves judgment regarding future funding available for its operations and working capital requirements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Accrued liabilities</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has to make estimates to accrue for certain expenditures due to delay in receipt of third-party vendor invoices. These accruals are made based on trends, history and knowledge of activities. Actual results may be different. The Company makes monthly estimates of its water treatment costs, with a true-up to the annual invoice received from the Idaho Department of Environmental Quality (“IDEQ”). Using the actual costs in the annual invoice, the Company then reassesses its estimate for future periods. Given the nature, complexity and variability of the various actual cost items included in the invoice, the Company has used the most recent invoice as its estimate of the water treatment costs for future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Convertible Loans, Promissory Notes, Stream Obligation and Warrants</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimating the fair value of derivative warrant liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the warrants derivative liability, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value of warrants derivative liability are disclosed in Notes 9 and 10.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value estimates of the convertible loans use inputs to the valuation model that include risk-free rates, equity value per share of common stock, USD-CAD exchange rates, spot and futures prices of minerals, expected equity volatility, expected volatility in minerals prices, discount for lack of marketability, credit spread, expected mineral production over the life of the mine, and project risk/estimation risk factors. See Note 9 for full disclosures related to the convertible loans and promissory notes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The stream obligation inputs used to determine the future cash flows and effective interest for the amortized cost calculation include futures prices of minerals and expected mineral production over the life of the mine. See Note 9 for full disclosures related to the stream obligation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value estimates may differ from actual fair values and these differences may be significant and could have a material impact on the Company’s balance sheets and the consolidated statements of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Impairment of mineral properties, plant and equipment</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assets are reviewed for an indication of impairment at each reporting date. This determination requires significant judgment. Factors that could trigger an impairment review include, but are not limited to, significant negative industry or economic trends, interruptions in exploration activities or a significant drop in precious metal prices.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Incremental borrowing rate</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Estimating the present value of minimum future lease payments requires determining the most appropriate incremental borrowing rate. The assessment of the Company’s incremental borrowing rate involves judgment regarding the cost of borrowings for the related asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Borrowing cost capitalization rate</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The assessment of the Company’s incremental borrowing rate involves judgment on what qualifies as a qualifying asset and on determining the capitalization rates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zpiNzagVWAMh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zTUqj9uGsUm1">Concentrations of credit risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and restricted cash. The Company places its cash with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2023Q4 BHLL Harmonized Sales Tax Receivable
HarmonizedSalesTaxReceivable
121621 usd
CY2022Q4 BHLL Harmonized Sales Tax Receivable
HarmonizedSalesTaxReceivable
51532 usd
CY2023Q4 BHLL Environment Protection Agency Overpayment Current
EnvironmentProtectionAgencyOverpaymentCurrent
94582 usd
CY2022Q4 BHLL Environment Protection Agency Overpayment Current
EnvironmentProtectionAgencyOverpaymentCurrent
170729 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
556947 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1460375 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
920571 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1460375 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
920571 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
513714 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
369367 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
946661 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
551204 usd
CY2023Q4 BHLL Plant Purchase Price Less Inventory
PlantPurchasePriceLessInventory
3633292 usd
CY2022Q4 BHLL Plant Purchase Price Less Inventory
PlantPurchasePriceLessInventory
3633292 usd
CY2023Q4 BHLL Ball Mill Purchases
BallMillPurchases
-745626 usd
CY2023Q4 BHLL Demobilization
Demobilization
2204539 usd
CY2022Q4 BHLL Demobilization
Demobilization
2201414 usd
CY2023Q4 BHLL Site Preparation Costs
SitePreparationCosts
10635606 usd
CY2022Q4 BHLL Site Preparation Costs
SitePreparationCosts
2296266 usd
CY2023Q4 BHLL Capitalized Interest
CapitalizedInterest
233407 usd
CY2023Q4 BHLL Process Plant Non Current Assets
ProcessPlantNonCurrentAssets
17452470 usd
CY2022Q4 BHLL Process Plant Non Current Assets
ProcessPlantNonCurrentAssets
8130972 usd
CY2023Q4 BHLL Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
670808 usd
CY2023Q4 BHLL Operating Lease Accumulated Depreciation
OperatingLeaseAccumulatedDepreciation
-45786 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
625022 usd
CY2023 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
45786 usd
CY2022 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
52353 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1632674 usd
CY2023Q4 BHLL Environment Protection Agency Cost Recovery Liability Longterm Net Discount
EnvironmentProtectionAgencyCostRecoveryLiabilityLongtermNetDiscount
9574140 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
154743 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24587 usd
CY2023Q4 BHLL Total Value Of Mine At Time Of Purchase
TotalValueOfMineAtTimeOfPurchase
14247210 usd
CY2022Q4 BHLL Total Value Of Mine At Time Of Purchase
TotalValueOfMineAtTimeOfPurchase
14247210 usd
CY2023Q4 BHLL Capitalized Development
CapitalizedDevelopment
2722889 usd
CY2022Q4 BHLL Capitalized Development
CapitalizedDevelopment
1447435 usd
CY2023Q4 BHLL Payment To Acquire Royalty Interests In Mining Properties
PaymentToAcquireRoyaltyInterestsInMiningProperties
1973840 usd
CY2023Q4 BHLL Mine And Mining Interests
MineAndMiningInterests
14996259 usd
CY2022Q4 BHLL Mine And Mining Interests
MineAndMiningInterests
15694645 usd
CY2022Q1 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
202000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
393673 usd
CY2023Q4 BHLL Lessee Operating Lease Liability Payments Due Year Two And Three
LesseeOperatingLeaseLiabilityPaymentsDueYearTwoAndThree
73588 usd
CY2023Q4 BHLL Lessee Operating Lease Liability Future Interest Expense On Lease Obligations
LesseeOperatingLeaseLiabilityFutureInterestExpenseOnLeaseObligations
41927 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
425334 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
353526 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
71808 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
425334 usd
CY2023 us-gaap Payments For Deposits
PaymentsForDeposits
19000000 usd
CY2023 us-gaap Payments For Fees
PaymentsForFees
20000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
6476000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
6476000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
712713 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
156343 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7941466 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24587 usd
CY2022 BHLL Gain On Epa Debt Extinguishment
GainOnEpaDebtExtinguishment
8614103 usd
CY2023Q4 BHLL Monthly Instalments
MonthlyInstalments
100000 usd
CY2023 us-gaap Water Production Costs
WaterProductionCosts
100000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
94582 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
170729 usd
CY2021Q4 BHLL Project Finance Package Convertible Debenture
ProjectFinancePackageConvertibleDebenture
50000000 usd
CY2021Q4 BHLL Project Finance Package Convertible Debenture
ProjectFinancePackageConvertibleDebenture
50000000 usd
CY2021Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
51000000 usd
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
66000000 usd
CY2023Q2 BHLL Supplier Finance Program Obligations
SupplierFinanceProgramObligations
67000000 usd
CY2023Q2 BHLL Debt Amount Availableunder Stream
DebtAmountAvailableunderStream
46000000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
21000000 usd
CY2023Q2 BHLL Debt Amount Availableunder Stream
DebtAmountAvailableunderStream
46000000 usd
CY2023Q2 BHLL Debt Securities Available For Sale Allowance For Credit Loss Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPreviouslyRecorded
37000000 usd
CY2023Q2 us-gaap Sale Leaseback Transaction Gross Proceeds Investing Activities
SaleLeasebackTransactionGrossProceedsInvestingActivities
9000000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
21000000 usd
CY2023Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
83499 usd
CY2023Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
21000000 usd
CY2022Q1 BHLL Royalty Percentage
RoyaltyPercentage
0.0135 pure
CY2023Q2 BHLL Royalty Percentage
RoyaltyPercentage
0.0135 pure
CY2023Q2 BHLL Gain On Fv Of Debenture
GainOnFvOfDebenture
347499 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
18703327 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
29886662 usd
CY2023 BHLL Gain On Fair Value Of Convertible Debt Derivatives
GainOnFairValueOfConvertibleDebtDerivatives
1673776 usd
CY2022 BHLL Gain On Fair Value Of Convertible Debt Derivatives
GainOnFairValueOfConvertibleDebtDerivatives
1140537 usd
CY2023Q2 BHLL Funding Stream Description
FundingStreamDescription
On June 23, 2023, all conditions were met for the closing of the Stream, and $46,000,000 was advanced to the Company. The Stream is secured by the same security package that is in place with respect to the RCD, CD1, and CD2. The Stream is repayable by applying 10% of all payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 63.5 million pounds of zinc, 40.4 million pounds of lead, and 1.2 million ounces of silver (subsequently amended, as described below). Thereafter, the Stream would be repayable by applying 2% of payable metals sold. The delivery price of streamed metals will be 20% of the applicable spot price. At the Company’s option, 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
CY2023Q2 BHLL Debt Amount Availableunder Stream
DebtAmountAvailableunderStream
46000000 usd
CY2023Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
740956 usd
CY2023Q2 BHLL Stream Debenture Noncurrent
StreamDebentureNoncurrent
45259044 usd
CY2023Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.108 pure
CY2023 us-gaap Other Expenses
OtherExpenses
2516593 usd
CY2023Q4 BHLL Loss On Revaluation Liability
LossOnRevaluationLiability
3128956 usd
CY2023Q4 BHLL Stream Debenture Noncurrent
StreamDebentureNoncurrent
51138000 usd
CY2023 us-gaap Debt Instrument Description
DebtInstrumentDescription
The key assumptions used in the revaluation are production of 700,000,000 lbs of zinc, 385,000,000 lbs of lead, 8,700,000 oz of silver over 14 years and commodity prices of 1.15 $/lb to 1.25 $/lb for zinc, 0.90 $/lb to 0.95 $/lb for lead, and 22.50 $/oz to $24.50 $/oz for silver.
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
1708 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
72304 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1500000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.000001
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.000001
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9384622 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
11796297 cad
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1315856 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
145061976 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
145061976 shares
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
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
10.00
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
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
200000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.60
CY2023 BHLL Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period One
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodOne
150000 shares
CY2023 BHLL Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price One
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePriceOne
0.15
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8970636 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.52
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
300000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8970636 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7381222 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2213433 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-13432539 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
898591 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
280354631 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205950811 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-13432539 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
898591 usd
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
370121 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13432539 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
528470 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
280354631 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205950811 shares
CY2022 BHLL Warrants Broker Optionsandstock Options
WarrantsBrokerOptionsandstockOptions
63850470 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
280354631 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
269801281 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
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
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