KELLOGG, Idaho and VANCOUVER, British Columbia, November 3, 2025 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (“Bunker Hill” or “Company“) (TSX-V: BNKR; OTCQB: BCLL) announces the conclusion of an agreement with the former director of the Company (“Recipient“) in respect of the redemption of a total of 851,134 vested deferred shares of the Company (“DSU“) previously granted to Recipient for services rendered as a director of the Company in fiscal years 2023 and 2024 (“Settlement agreement“).
Pursuant to the terms of the Settlement Agreement, the Company agreed to issue 615,384 shares of the Company's common stock (“DSU shares“) to the Recipient at a deemed issue price of C$0.195 per DSU Share, which represents the closing price of the Company's common shares (“Ordinary shares“) on the TSX Venture Exchange (“TSH-V“) on November 3, 2025 by way of partial repayment and satisfaction of a cash payment in the amount of CAD 165,971.13 (“Repayment amount“) is payable to the Recipient upon redemption of the DSU and the remaining amount of C$45,971.13 is to be paid in cash. The Company intends to issue DSU Shares to preserve its cash for the potential restart and ongoing development of the Bunker Hill Mine.
The transaction remains subject to all regulatory approvals, including, but not limited to, TSX-V approval. Once issued, DSU Shares will be subject to a hold period of four months and one day from the date of issue under applicable Canadian securities laws in addition to any applicable hold periods in the United States. The DSU Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (“US Securities Law“) or any U.S. state securities laws and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable state securities laws or pursuant to an applicable exemption therefrom.
About Bunker Hill Mining Corp.
Bunker Hill is an American mineral exploration and development company focused on revitalizing our historic mining asset: a renowned zinc, lead and silver deposit in the prolific Coeur d'Alene mining region of northern Idaho. This strategic initiative aims to breathe new life into the once-prolific mine using modern exploration techniques and sustainable development practices to unlock the potential of this mineral-rich region. Bunker Hill Mining Corp. is committed to maximizing shareholder value through the responsible management of the mineral wealth of the Silver Valley mining district, focusing our efforts on this single high-potential asset. Information about the Company is available on its website www.bunkerhillmining.com or on SEDAR+ and EDGAR.
On behalf of Bunker Hill Mining Corp.
Sam Ash
President and CEO
For more information contact:
Brenda Dayton
Vice President of Investor Relations
T: 604.417.7952
E: [email protected]
Cautionary Statements
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.
Certain statements in this press release are forward-looking statements and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the United States Securities Act and Section 21E of the United States Securities Exchange Act of 1934, as amended, and within the meaning of the phrase “forward-looking information” in the Canadian Securities Administrators' National Instrument 51-102 – Continuous Disclosure Obligations (collectively: “forward-looking statements“). Forward-looking statements do not consist of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, goals or objectives, including words that the Company or management expects the occurrence of a stated condition or result. Forward-looking statements may be identified by terms such as “believes,” “expects,” “expects,” “estimates,” “may,” “could,” “will,” “will,” “plans,” or variations of such words and phrases.
Forward-looking statements in this press release include, but are not limited to, statements regarding: the Company's future goals, objectives or plans, including the restart and development of the Bunker Hill Mine; achieving future short, medium and long term operating strategies; and completion of the settlement DSU transaction, including the number and expected price of DSU Shares and the Company's receipt of TSX-V approval in connection therewith. Forward-looking statements reflect significant expectations and assumptions, including, without limitation, expectations and assumptions regarding: Bunker Hill's ability to complete the DSU settlement transaction on the terms described herein or at all; Bunker Hill's ability to obtain sufficient project financing to restart and develop the Bunker Hill Mine on acceptable terms or at all; future price of metals; and the stability of financial and capital markets. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, the risks and uncertainties identified in Bunker Hill's public filings with the U.S. Securities and Exchange Commission (“SEC» and with the applicable Canadian securities regulatory authorities, as well as the following: Bunker Hill's ability to operate as a going concern and loss history; Bunker Hill's ability to obtain sufficient project financing to restart and develop the Bunker Hill Mine on acceptable terms or at all; mineral resource and reserve estimates; mineral exploration and production activities; feasibility study results; changes in demand for and prices of commodities and currencies; and risks associated with Bunker Hill common stock, including price volatility and lack of dividends. payouts and dilution or perception of likelihood of any of the above events. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable and based on the current expectations of Bunker Hill management, undue reliance should not be placed on such forward-looking statements or information, which are inherently subject to uncertainties and changes in circumstances and their potential consequences. Such forward-looking statements speak only as of the date of this press release, and no assurance can be given that such events will occur. will happen within the disclosed time frame or at all, including information about whether and when the Company will pursue its project financing initiatives and the actual size or terms of those financing initiatives. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information about these and other risk factors that could affect the Company's business or financial results is included in the Company's annual report and is available through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov).
