Bunker Hill Mining Corp. Secures C$52 Million in Funding
KELLOGG, Idaho and VANCOUVER, British Columbia, Sept. 29, 2025 — Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR | OTCQB: BHLL) proudly shares the successful closing of its bought deal private placement. This placement generated capital totaling approximately C$52 million through the issuance of units.
Investment Breakdown and Participation
The funding involved two key offerings: (i) 206,250,000 units at a price of C$0.12 each, resulting in gross proceeds of C$24,750,000; and (ii) an additional 225,000,000 units priced at US$0.08711, amounting to gross proceeds of approximately US$19.6 million, equivalent to C$27 million. In total, the gross proceeds from both offerings reached C$51,854,494.
A significant participant in the offering was Teck Resources Limited and its affiliates, who subscribed for 223,786,706 units in the USD Offering, demonstrating strong confidence in Bunker Hill's future.
Details of the Offering
Each unit comprises one common share of Bunker Hill and a warrant, enabling the holder to acquire a share at an exercise price of C$0.17 for up to 60 months post-issuance. Haywood Securities Inc. led the offering as sole bookrunner alongside a syndicate including BMO Capital Markets, emphasizing robust underwriting support.
From the proceeds, Bunker Hill anticipates funding efforts related to the construction and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine, located in Idaho's Silver Valley, a region rich in mineral deposits.
Teck Resources’ Stake Increase
Teck's robust investment has increased their beneficial ownership to approximately 32.6% of Bunker Hill's common shares. This investment may position them as a pivotal stakeholder as the Company progresses toward mining operations.
Use of Proceeds from the Offering
The net proceeds from this significant funding initiative will help underwrite the construction and operational phases of the Bunker Hill Mine, underscoring the Company’s commitment to maximizing shareholder value through responsible mining practices.
Compensation for Underwriters and Finders
In conjunction with the offering, the Company compensated the underwriters with cash fees totaling C$1,455,480 and US$1,175,985, alongside issuing 25,325,428 non-transferable compensation options. These were structured to reward the underwriters for their comprehensive involvement.
Moreover, ZED Financial Partners, acting as a finder, received a fee of C$52,005 and was issued a total of 520,052 compensation options for facilitating the introduction of certain subscribers.
Regulatory Filings and Compliance
Due to Teck's participation, the offering constitutes a related party transaction under relevant securities regulations. The Company secured appropriate approvals based on prior interests in its shares, ensuring compliance with Multilateral Instrument 61-101.
About Bunker Hill Mining Corp.
Bunker Hill Mining Corp. is dedicated to rejuvenating its historic mining asset—the Bunker Hill Mine located in the Coeur d’Alene mining district. The Company is focused on sustainably tapping into the rich mineral resources utilizing modern exploration techniques, aiming to rediscover the mine’s past glory.
As Bunker Hill continues its development journey, interested parties can find more information through its corporate website. The team is committed to delivering long-term value to shareholders while promoting responsible mining practices.
Leadership Statement
Sam Ash, President and CEO of Bunker Hill Mining Corp., has expressed optimism regarding the future milestones Bunker Hill aims to achieve in revitalizing the mining operations and maximizing shareholder returns.
Frequently Asked Questions
What is the significance of the C$52 million funding?
The C$52 million funding is crucial for supporting the construction and start-up of the Bunker Hill Zinc-Silver-Lead Mine, facilitating future mining operations.
Who are the key investors in this placement?
Teck Resources Limited emerged as a prominent investor, acquiring a substantial number of units in the USD Offering.
What will the funds from the offering primarily be used for?
The proceeds will primarily support the construction and operational ramp-up of the Bunker Hill Mine, aimed at revitalizing this historic asset.
What are the terms of the warrants issued in this offering?
Each warrant allows the holder to purchase a common share at an exercise price of C$0.17 for up to 60 months after issuance.
How does the investment impact Bunker Hill's share distribution?
Teck’s investment has increased their ownership to approximately 32.6% of Bunker Hill’s common shares, influencing the company's control dynamics and strategic direction.
