Revised Vesting Schedule for Restricted Stock Units
KELLOGG, Idaho and VANCOUVER, British Columbia — Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR | OTCQB: BHLL) is taking significant steps to revise its equity incentive strategy. Following a previous announcement, the Company has updated the vesting schedule for its restricted stock units (RSUs) from May 1, 2025, to June 1, 2025. This adjustment pertains to a total of 3,891,096 RSUs that have been granted to key directors and officers under the Company’s amended restricted stock unit incentive plan.
Clarifications on Previously Granted RSUs
In light of recent developments, Bunker Hill is clarifying the details regarding certain RSUs mentioned in its annual financial statements for the year ended December 31, 2022. Specifically, the Company confirmed that the RSUs granted on November 17, 2022, were actually granted on November 2, 2022. The vesting schedule for these RSUs has also changed. Instead of the previously anticipated vesting on the anniversary dates of 2023, 2024, and 2025, the first two increments have now vested as of March 31, 2023, and March 31, 2024, while the final increment is set to vest on June 1, 2025.
Approval Needed for RSU Amendments
It is important to note that these amendments to the RSU vesting schedule are subject to approval from the TSX Venture Exchange (the “TSX-V”). Each RSU that vests confers upon the holder the right to one share of the Company’s common stock, further aligning the interests of management with those of shareholders.
About Bunker Hill Mining Corp
Bunker Hill Mining Corp. is a forward-thinking American mineral exploration company with a dedicated focus on revitalizing a historic mining asset in the renowned Coeur d’Alene mining district of northern Idaho. This initiative aims to rejuvenate a once-thriving mine using modern exploration techniques and sustainable development practices. By doing so, Bunker Hill seeks to unlock the potential of this mineral-rich region, particularly focusing on zinc, lead, and silver deposits.
Maximizing Shareholder Value
The core mission of Bunker Hill Mining Corp. revolves around maximizing shareholder value while responsibly harnessing the mineral wealth inherent in the Silver Valley mining district. Concentrating efforts on a single, high-potential asset allows the Company to streamline operations and optimize resource extraction.
Contact Information
For more inquiries, please reach out to Brenda Dayton, Vice President of Investor Relations, at 604.417.7952, or via email at brenda.dayton@bunkerhillmining.com.
Frequently Asked Questions
What amendments have been made to the RSUs?
Bunker Hill Mining Corp has amended its RSU vesting schedule to move the date from May 1, 2025, to June 1, 2025, affecting a total of 3,891,096 RSUs.
What is the significance of the RSUs for the Company?
The RSUs serve to align the interests of the Company's directors and officers with those of the shareholders, allowing for shared benefits as the Company grows.
When will the first vesting increments occur?
The first two increments of the November 2022 RSUs vested on March 31, 2023, and March 31, 2024, with the final increment now scheduled for June 1, 2025.
How can I learn more about Bunker Hill Mining Corp?
Additional details about the Company can be found on Bunker Hill’s official website and through regulatory filings available on SEDAR+ and EDGAR databases.
Who should I contact for investor relations inquiries?
Brenda Dayton serves as the Vice President of Investor Relations and can be contacted directly for queries related to investor information.
