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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income (loss) for the period $ 9,173,895 $ 5,882,865
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation (135,128) 761,062
Depreciation expense 129,445 117,585
Change in fair value of warrant liability (11,223,219) (15,712,168)
Units issued for services 1,060,858
Imputed interest expense on lease liability 1,834 7,827
Finance costs 264,435
Foreign exchange loss (gain) 221,324
Foreign exchange loss (gain) on re-translation of lease (Note 8) 718 4,485
Loss on debt settlement 56,146
Amortization of EPA discount 284,087
Gain on fair value of convertible debt derivatives (1,739,987)
Gain on EPA debt extinguishment (8,614,103)
Changes in operating assets and liabilities:    
Restricted cash (9,476,000)
Accounts receivable (100,847)
Deposit on plant demobilization (1,000,000)
Prepaid finance costs 393,640
Prepaid expenses (617,332) 79,203
Accounts payable (23,224) 565,340
Accrued liabilities 465,268 1,210,754
Accrued EPA water treatment (903,565)
EPA cost recovery payable (2,000,000)
Interest payable – EPA 10,341
Interest payable 756,614
Net cash used in operating activities (23,070,946) (7,040,266)
Investing activities    
Purchase of spare inventory (341,004)
Land purchase (202,000)
Bunker Hill mine purchase (5,524,322)
Purchase of Process plant (1,289,477)
Purchase of machinery and equipment (161,558) (94,693)
Net cash used in investing activities (7,518,361) (94,693)
Financing activities    
Proceeds from convertible debentures 29,000,000
Proceeds from issuance of shares, net of issue costs 7,769,745 6,008,672
Repayment of promissory note (1,000,000)
Lease payments (64,828) (64,985)
Net cash provided by financing activities 35,704,917 5,943,687
Net change in cash 5,115,610 (1,191,272)
Cash, beginning of period 486,063 3,568,661
Cash, end of period 5,601,673 2,377,389
Non-cash activities    
Units issued to settle accounts payable and accrued liabilities 228,421 188,607
Shares issued to settle interest payable 269,750
Mill purchase for shares and warrants 3,243,296
Units issued to settle DSU/RSU/Bonuses $ 872,399