Promissory Notes Payable, Convertible Debentures, and Silver Loan (Details Narrative)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
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Jul. 30, 2026
USD ($)
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Mar. 05, 2026
shares
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Jan. 30, 2026
USD ($)
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Jun. 05, 2025
USD ($)
$ / shares
shares
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Mar. 25, 2025
USD ($)
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Mar. 21, 2025
USD ($)
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Dec. 19, 2024
USD ($)
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Dec. 12, 2024
USD ($)
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Jun. 23, 2023
USD ($)
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Jul. 30, 2026
USD ($)
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Dec. 31, 2025
USD ($)
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Aug. 31, 2024
$ / shares
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Jun. 30, 2026
USD ($)
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Jun. 30, 2025
USD ($)
$ / shares
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Jun. 30, 2026
USD ($)
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Jun. 30, 2025
USD ($)
$ / shares
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Dec. 31, 2025
USD ($)
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Jun. 30, 2027 |
Aug. 08, 2026
USD ($)
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Aug. 08, 2025
USD ($)
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Jun. 30, 2025
$ / shares
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May 21, 2025
USD ($)
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Jan. 31, 2025
USD ($)
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Jan. 17, 2025
USD ($)
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Aug. 08, 2024
USD ($)
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| Short-Term Debt [Line Items] |
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| Gain (loss) on debt settlement |
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$ 29,850,212
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$ 9,800
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$ 29,850,212
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| Interest expense |
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21,092
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9,545
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25,228
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18,451
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| Accretion expense |
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625,279
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1,570,574
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| Series one convertible debt noncurrent |
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$ 4,241,610
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4,560,273
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4,560,273
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$ 4,241,610
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| Series two convertible debt noncurrent |
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8,852,012
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9,522,815
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9,522,815
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8,852,012
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| Interest payable |
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156,743
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156,743
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| Net liability |
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$ 2,522,709
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2,518,765
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2,518,765
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$ 2,522,709
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| Funding stream description |
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On
June 23, 2023, all conditions were met for the closing of the Stream, and $46,000,000 was advanced to the Company. The Stream was secured
by the same security package that is in place with respect to the RCD, CD1, and CD2. The Stream was repayable by applying 10% of all
payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 63.5 million pounds of zinc, 40.4 million
pounds of lead, and 1.2 million ounces of silver (subsequently amended, as described below). Thereafter, the Stream was repayable by
applying 2% of payable metals sold. The delivery price of streamed metals was 20% of the applicable spot price.
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| Debt amount available under stream |
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$ 46,000,000
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| Stream debenture noncurrent |
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$ 740,956
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| Number of shares issued | shares |
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255,048
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| Effective interest rate |
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10.60%
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10.60%
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| Gain (loss) on revaluation liability |
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549,854
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4,149,606
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| Loans Payable, Noncurrent |
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$ 80,701,239
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69,989,396
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69,989,396
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$ 80,701,239
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| Principal outstanding |
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249,000
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1,624,625
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1,624,625
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249,000
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| Amortization of Debt Issuance Costs |
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364,719
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427,849
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708,882
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835,862
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| Silver Loan [Member] |
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| Short-Term Debt [Line Items] |
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| changes in fair value of credit risk |
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11,119,246
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2,961,015
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6,213,354
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9,029,947
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| Paid interest |
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2,272,450
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2,272,450
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| Teck Promissory Note [Member] |
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| Short-Term Debt [Line Items] |
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| Interest rate |
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12.00%
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| Principal amount |
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$ 4,400,000
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| Interest expense |
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0
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80,064
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0
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87,160
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| Advance received |
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$ 2,325,000
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$ 763,000
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| Principal amount advanced |
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$ 1,000,000
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| Debt instrument principal and interest outstanding |
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| Teck Standby Facility [Member] |
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| Short-Term Debt [Line Items] |
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| Interest expense |
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0
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0
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0
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0
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| Credit facility |
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$ 10,000,000
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| Bear interest rate |
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15.00%
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| Credit facility description |
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The Teck Standby Facility will be available to the Company, until
the earlier of (i) June 30, 2028, or (ii) the date on which the Bunker Hill project hits 90% of name plate capacity or on the date on
which the Company is cash flow positive for a quarter, whichever is sooner, unless terminated earlier by Teck
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| Forecast [Member] | Teck Standby Facility [Member] |
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| Short-Term Debt [Line Items] |
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| Bear interest rate |
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13.50%
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| Silver Loan [Member] |
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| Short-Term Debt [Line Items] |
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| Loans |
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80,950,239
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71,614,021
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71,614,021
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80,950,239
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| Debt Instrument, Fee Amount |
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$ 249,000
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| Principal amount |
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$ 4,763,110
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| Loans Payable, Noncurrent |
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80,701,239
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69,989,396
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69,989,396
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80,701,239
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| Principal outstanding |
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$ 249,000
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1,624,625
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1,624,625
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249,000
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| Silver Loan [Member] | Forecast [Member] |
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| Short-Term Debt [Line Items] |
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| Debt Instrument, Fee Amount |
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$ 249,000
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| Final Tranche Silver Loan [Member] |
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| Short-Term Debt [Line Items] |
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| Debt description |
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the Company drew
50,958 ounces of silver on the Silver Loan
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1.195 million ounces of silver
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| Metals Purchase Agreement [Member] |
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| Short-Term Debt [Line Items] |
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| Interest rate |
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1.65%
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| Principal amount |
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$ 4,000,000
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| Deposits |
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$ 46,000,000
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| Number of shares issued | shares |
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200,000,000
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| Maturity date |
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Jun. 05, 2030
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| Location, Statement of Income, Balance [Axis]: us-gaap:InterestExpenseDebt |
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| Short-Term Debt [Line Items] |
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| Accretion expense |
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407,721
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971,426
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| Location, Statement of Income, Balance [Axis]: us-gaap:OtherComprehensiveIncomeLossTax | Silver Loan [Member] | Credit Risk [Member] |
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| Short-Term Debt [Line Items] |
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| changes in fair value of credit risk |
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159,652
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$ 3,096,220
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850,414
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$ 4,587,864
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| Maximum [Member] | Teck Promissory Note [Member] |
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| Short-Term Debt [Line Items] |
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| Principal amount |
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$ 3,400,000
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| Maximum [Member] | Silver Loan [Member] |
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| Short-Term Debt [Line Items] |
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| Interest rate |
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15.00%
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15.00%
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15.00%
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| Principal outstanding |
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$ 1,200,000
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$ 1,200,000
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| Maximum [Member] | Definitive Agreements [Member] | Silver Loan [Member] |
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| Short-Term Debt [Line Items] |
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| Loans |
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$ 1,200,000
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| Minimum [Member] | Silver Loan [Member] |
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| Short-Term Debt [Line Items] |
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| Interest rate |
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13.50%
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13.50%
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13.50%
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| Series 1 Convertible Debt [Member] |
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| Short-Term Debt [Line Items] |
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|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%
|
|
7.50%
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,000,000
|
|
$ 6,000,000
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument convertible conversion price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
$ 10.50
|
|
|
|
|
|
|
|
|
$ 10.50
|
|
|
|
|
| Decrease in conversion price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.675
|
|
|
|
|
| Accretion expense |
|
|
|
|
|
|
|
|
|
|
|
|
$ 164,404
|
$ 37,911
|
$ 318,663
|
$ 37,911
|
|
|
|
|
|
|
|
|
|
| Series 1 Convertible Debt [Member] | Host Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New debt |
|
|
|
$ 3,912,661
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Transaction costs |
|
|
|
52,161
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 1 Convertible Debt [Member] | Conversion Option Valued [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New debt |
|
|
|
1,928,753
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 1 Convertible Debt [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.50%
|
|
7.50%
|
|
|
|
|
7.50%
|
|
|
|
|
| Series 1 Convertible Debt [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
5.00%
|
|
|
|
|
5.00%
|
|
|
|
|
| Series 2 Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
10.50%
|
|
10.50%
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
$ 15,000,000
|
|
$ 15,000,000
|
|
|
|
|
|
|
|
|
|
|
| Decrease in conversion price | (per share) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.675
|
|
$ 3.675
|
|
|
|
|
$ 10.15
|
|
|
|
|
| Maturity date, description |
|
|
|
|
|
|
|
|
|
|
|
the maturity date of CD2 from March 31, 2026, to March 31, 2029,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain (loss) on debt settlement |
|
|
|
|
|
|
|
|
|
|
|
|
29,149
|
$ 824
|
29,149
|
$ 285,565
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
378,185
|
|
877,500
|
|
|
|
|
|
|
|
|
|
| Accretion expense |
|
|
|
|
|
|
|
|
|
|
|
|
346,673
|
$ 79,002
|
670,803
|
79,002
|
|
|
|
|
|
|
|
|
|
| Interest payable |
|
|
|
|
|
|
|
|
|
|
$ 268,333
|
|
265,417
|
|
265,417
|
|
268,333
|
|
|
|
|
|
|
|
|
| Series 2 Convertible Debt [Member] | Host Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New debt |
|
|
|
8,164,765
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Transaction costs |
|
|
|
130,401
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain (loss) on debt settlement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,077,155
|
|
|
|
|
|
|
|
|
|
| Series 2 Convertible Debt [Member] | Conversion Option Valued [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New debt |
|
|
|
$ 6,482,376
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 2 Convertible Debt [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.50%
|
|
10.50%
|
|
|
|
|
10.50%
|
|
|
|
|
| Series 2 Convertible Debt [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
5.00%
|
|
|
|
|
5.00%
|
|
|
|
|
| Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| changes in fair value of credit risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,081,127
|
|
$ 1,002,763
|
|
|
|
|
|
|
|
|
|
| Convertible Debt [Member] | Location, Statement of Income, Balance [Axis]: us-gaap:OtherComprehensiveIncomeLossTax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| changes in fair value of credit risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
255,009
|
|
795,907
|
|
|
|
|
|
|
|
|
|
| Series 3 Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
$ 4,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument convertible conversion price | $ / shares |
|
|
|
$ 0.105
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maturity date, description |
|
|
|
matures on June 5, 2030
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
292
|
28,545
|
122,404
|
28,545
|
|
|
|
|
|
|
|
|
|
| Series 3 Convertible Debt [Member] | Host Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New debt |
|
|
|
$ 2,268,397
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Transaction costs |
|
|
|
174,576
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 3 Convertible Debt [Member] | Conversion Option Valued [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New debt |
|
|
|
1,558,941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Facility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
|
|
|
|
|
$ 21,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,000,000
|
$ 5,000,000
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,520,833
|
|
$ 766,667
|
|
|
|
|
|
|
|
|
| Debt description |
|
|
|
|
|
|
|
|
The maturity date of any drawings under the Sprott Debt Facility will be June
30, 2030. For every $5,000,000 or part thereof advanced under the Sprott Debt Facility, the Company will grant a new 0.5% life-of-mine
gross revenue royalty, on the same terms as the Royalty, to a maximum of 2.0% on the Primary Claims and 1.4% on the Secondary Claims.
The Company may buy back 50% of these royalties for $20,000,000.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt term |
|
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest repayment rate |
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maturity date |
|
|
|
|
|
|
|
|
Jun. 30, 2030
|
|
|
|
|
|
Jun. 30, 2030
|
|
|
|
|
|
|
|
|
|
|
| Debt advance payment |
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Royalties payment |
|
|
|
|
|
|
|
|
$ 20,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from debt |
|
|
|
|
|
|
$ 5,000,000
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repayments of debt |
|
|
|
6,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest on debt |
|
|
|
$ 200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued for repayment of debt pricinpal | shares |
|
|
|
57,142,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares issued for repayment of debt interest | shares |
|
|
|
1,904,762
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest payment |
|
|
|
$ 2,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of Debt Issuance Costs |
|
|
|
|
|
|
|
|
|
|
|
|
614,460
|
334,440
|
$ 1,200,566
|
578,975
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
$ 14,840,344
|
|
$ 14,840,344
|
|
|
|
|
|
|
|
|
|
|
| Sprott Debt Facility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of Debt Issuance Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 342,371
|
|
$ 681,596
|
|
|
|
|
|
|
|
|
|
| Teck Standby Facility [Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
13.50%
|
|
|
|
|
|
|
|
|
13.50%
|
|
|
|
|
|
|
|
|
|
|
|
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| Proceeds from debt |
$ 5,000,000
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|
$ 5,000,000
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