KELLOGG, Idaho and VANCOUVER, British Columbia, Oct. 14, 2025 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (“Bunker Hill” or “Company“) (TSX-V: BNKR) (OTCQB: BHLL) announces that its board of directors (“Board“) approved the grant of a total of 3,980,071 restricted shares (“RSU“) to certain directors and officers of the Company pursuant to the terms of the Amended and Restated Restricted Stock Incentive Plan (“DCS planOctober 14, 2025, June 30, 2026 and June 30, 2027, with each RSU purchasing one share of the Company's common stock (“Ordinary share“) at a notional price of C$0.215 based on the closing price of the Common Shares on the TSX Venture Exchange (“TSH-V“) October 10, 2025.
In addition, the Board approved the grant of incentive options to purchase up to an aggregate of 626,593 shares of common stock (“Options“) to a certain officer of the Company pursuant to the terms of the Company's amended and restated stock option plan (“Stock Option PlanThe options expire on October 14, 2030, with an exercise price of C$0.215 per underlying Common Share, based on the closing price of the Common Shares on the TSXV on October 10, 2025. The options vest over a period of 3 years from the date of grant, of which 310,624 options vest on October 14, 2026, 157,984 options vest on June 30, 2027. and 157,985 options vest on June 30, 2028.
Copies of the RSU Plan and the Stock Option Plan are available under the Company's profile on SEDAR+.
ABOUT BUNKER HILL MINING CORP.
Under new Idaho leadership, Bunker Hill intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating and then optimizing its portfolio of mining assets into a high-value portfolio of operations initially focused in North America. Information about the Company is available on its website www.bunkerhillmining.com or on SEDAR+ and EDGAR.
On behalf of Bunker Hill
Sam Ash
President, CEO and Director
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 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 U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and within the meaning of the phrase “forward-looking information” in Canadian Securities Administrators National Instrument 51-102 – Continuous Disclosure Obligations (collectively: “forward-looking statements“). Forward-looking statements do not contain historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, goals or objectives, including statements 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 future goals, objectives or plans, including the restart and development of the Bunker Hill Mine and the implementation of future short-, medium- and long-term operating strategies. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions regarding: Bunker Hill's ability to obtain sufficient project financing to restart and continue development of the Bunker Hill Mine on acceptable terms or at all; Bunker Hill's ability to operate as a going concern and history of losses; 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 relevant Canadian securities regulatory authorities, as well as the following: the Company's failure to raise additional capital for project activities, including through equity financing, concentrate sale financing or otherwise; capital market conditions; labor restrictions and their impact on international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources into reserves; preliminary nature of the results of metallurgical tests; the Company's ability to restart and develop the Bunker Hill Mine and the risks associated with a mining decision not being based on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to the numerous technical and economic risks of failure that are associated with that production decision, including, but not limited to, areas that are discussed in more detail are analyzed in a feasibility study, such as the application of economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and extraction methods, market analysis, and environmental and social impacts, and as a result there may be increased uncertainty in achieving any particular level of mineral production or the cost of such production, including the increased risks associated with developing a deposit suitable for commercial production without assurance that production will commence as expected or at all or that expected production costs will be achieved; failure to commence production would have a material adverse effect on the Company's ability to generate revenues and cash flows to fund operations; failure to achieve expected production costs would have a material adverse effect on the Company's cash flow and future profitability; delays in obtaining or failure to obtain necessary governmental, environmental or other project approvals; political risks; changes in stock markets; uncertainties associated with the availability and cost of financing required in the future; the Company's inability to budget and manage its liquidity due to its inability to obtain additional financing, including the Company's ability to complete payments under the terms of the Bunker Hill Mine Complex acquisition agreement; inflation; changes in exchange rates; fluctuations in commodity prices; delays in project development; capital, operating and restoration costs differ significantly from estimates and other risks associated with mineral exploration and development. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements or information, which only applies as of the date of this press release, and no assurance can be given that such events will occur within the disclosed time frames or at all, including whether and when the Company will complete its project financing initiatives, or as to the actual size or the terms of these financial 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. Not Available An 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).
