Bunker Hill Mining Announces Strategic Share Issuance Plan

Bunker Hill Mining Corp. Moves Forward with Share Issuance

Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR; OTCQB: BHLL) has made a significant decision to issue 506,775 shares of common stock at a deemed issue price of C$0.16 per share. This move aims to satisfy a financing cooperation fee owed to a creditor, amounting to US$60,000, for the three-month period starting from April 1 through June 30, 2024. This decision reflects a strategic effort to preserve cash while preparing for the potential restart and ongoing development of the Bunker Hill Mine.

Understanding the Share Issuance

The financing cooperation fee is structured under an agreement that was established on September 27, 2022, between Bunker Hill and its creditor. As part of this agreement, the creditor provides collateral security that enables the Company to secure necessary surety bonds related to the Bunker Hill Mine.

Maintaining Cash Flow

To ensure financial stability and allow for maximum flexibility in funding the restart and development of the mine, the Company has opted to issue shares instead of disbursing cash for the cooperation fee. By doing so, Bunker Hill can continue to navigate the complexities of the mining sector while effectively managing its financial resources.

Regulatory Considerations and Next Steps

This transaction is subject to several regulatory approvals, the most significant being the approval of the TSX Venture Exchange (the “TSX-V”). Upon issuance, these shares will enter a hold period of four months and one day, in compliance with Canadian securities regulations. Importantly, these shares have not and will not be registered under the United States Securities Act of 1933, which restricts their sale or offer within the United States without proper compliance.

About Bunker Hill Mining Corp.

Bunker Hill Mining Corp. is led by a committed team based in Idaho, focused on a sustainable strategy for revitalizing and developing the Bunker Hill Mine. The Company aims to consolidate its mining assets into a potent portfolio, primarily focused in North America. For more detailed insights about Bunker Hill Mining, information is accessible on its official website.

Contact Information for Investor Relations

Bunker Hill's commitment to transparency is reinforced through its investor relations team. For inquiries or further information, Brenda Dayton, the Vice President of Investor Relations, can be contacted via phone or email to provide additional insights regarding the Company's strategies and developments.

Frequently Asked Questions

What is the purpose of issuing shares instead of cash?

The issuance of shares allows Bunker Hill to preserve cash for ongoing and future operational needs while fulfilling its financing cooperation obligations.

Who is the creditor that the Company is issuing shares to?

The specific creditor involved in this share issuance is referenced in the financing cooperation agreement signed with Bunker Hill.

What are the requirements for the regulatory approvals?

The transaction is chiefly subject to approval from the TSX Venture Exchange, which oversees the compliance of the share issuance.

How long will the shares be on hold after issuance?

Once issued, the shares will be subject to a hold period lasting four months and one day according to Canadian securities regulations.

Where can I find more information about Bunker Hill Mining Corp.?

Further information is available on Bunker Hill Mining's official website, as well as through SEDAR+ and EDGAR databases for regulatory disclosures.

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