Bunker Hill Announces Election to Issue Shares in Satisfaction of Interest Payment Obligations Kellogg, Idaho | Vancouver, British Columbia
BUNKER HILL ANNOUNCES ELECTION TO ISSUE SHARES IN SATISFACTION
OF INTEREST PAYMENT OBLIGATIONS
KELLOGG, IDAHO | VANCOUVER, BRITISH COLUMBIA, July 9, 2026 – Bunker Hill Mining Corp. (“Bunker Hill” or
the “Company”) (TSX:BNKR | OTCQB:BHLL) announces that it has elected to issue an aggregate of 522,296 shares
of common stock of the Company (the “Interest Shares”) in full satisfaction of the interest payable as of June 30,
2026 under certain debt instruments (collectively, the “Interest Payments”), including (i) an aggregate of 22,174
Interest Shares to certain holders of 5.0% Series 1 secured convertible debentures (the “Series 1 Debentures”) for
the aggregate interest of US$75,833.33 owing thereunder, (ii) an aggregate of 55,434 Interest Shares to certain
holders of 5.0% Series 2 secured convertible debentures (the “Series 2 Debentures”) for the aggregate interest of
US$189,583.33 owing thereunder, and (iii) an aggregate of 444,688 Interest Shares to the lenders under a 10.0%
loan facility (the “ Loan Facility” , together with the Series 1 Debentures and the Series 2 Debentures, the “ Debt
Instruments”) for the aggregate interest of US$1,520,833.33 owing thereunder in connection with advances to
the Company. The Series 1 Debentures and Series 2 Debentures mature on March 31, 2028 and March 31, 2029,
respectively. The Loan Facility matures on June 30, 2030.
In accordance with the terms of the Debt Instruments, the Company will issue the Interest Shares at a price of
US$3.42 (approximately C$4.85) per Interest Share based on 90% of the 10-day volume weighted average trading
price of the shares of common stock of the Company on the applicable stock exchange which the Company’s
shares of common stock are trading (the “Exchange”) on the trading days beginning on June 15, 2026 and ending
on June 26, 2026 (the “Pricing Period”).
In connection with the Interest Payments, the Company will issue an aggregate of 518,600 Interest Shares to
certain managed accounts of Sprott Private Resource Streaming and Royalty Corp. (“Sprott”) and, accordingly, the
issuance of such Interest Shares to Sprott will constitute a “related party transaction” within the meaning of
Multilateral Instrument 61-101 – Protection of Minority Shareholder Approval (“ MI 61-101 ”). The Company
intends on relying on exemptions from the formal valuation and minority shareholder approval requirements
under MI 61-101 as neither the fair market value of the Interest Shares to be issued to Sprott, nor the
consideration received for such Interest Shares, will exceed 25% of the Company’s market capitalization. The
Company did not file a material change report more than 21 days prior to the election to issue the Interest Shares
as the Pricing Period only ended on June 26, 2026.
The issuance of the Interest Shares is subject to the terms and conditions of the Debt Instruments as well as the
receipt of all regulatory approvals, including, without limitation, the approval of the Exchange. Once issued, the
Interest Shares will be subject to a four-month and one-day hold period in accordance with applicable Canadian
securities laws. The Interest Shares have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “ U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or
sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws
or in compliance with the requirements of 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: the renowned zinc, lead, and silver deposit in northern Idaho’s prolific Coeur d’Alene mining district.
This strategic initiative aims to breathe new life into a once-productive mine, leveraging modern exploration
techniques and sustainable development practices to unlock the potential of this mineral-rich region. Bunker Hill
Mining Corp. aims to maximize shareholder value by responsibly harnessing the mineral wealth in 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 within the SEDAR+ and EDGAR databases.
On behalf of Bunker Hill
Sam Ash
President, Chief Executive Officer and Director
For additional information, please contact:
Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
Cautionary Statements
Certain statements in this news release are forward-looking 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 and
Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as 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 are not
comprised of historical facts. Forward-looking statements include estimates and statements that describe the
Company’s future plans, objectives or goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as
“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “plan” or variations of such
words and phrases.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the
Company’s objectives, goals or future plans, including the ramp up of the Bunker Hill Mine; the achievement of
future short-term, medium-term and long-term operational strategies; and the terms and completion of the
Interest Payments described herein, including the number and deemed pricing of the Interest Shares issuable in
connection therewith, and the Company receiving all regulatory and stock exchange approvals for the Interest
Payments. Forward-looking statements reflect material expectations and assumptions, including, without
limitation, expectations and assumptions relating to: Bunker Hill’s ability to complete the Interest Payments on the
terms described herein or at all; Bunker Hill’s ability to receive sufficient project financing for the restart and
ongoing development of the Bunker Hill Mine on acceptable terms or at all; the future price of metals; and the
stability of the financial and capital markets. Factors that could cause actual results to differ materially from such
forward-looking statements include, but are not limited to, those risks and uncertainties identified in public filings
made by Bunker Hill with the U.S. Securities and Exchange Commission (the “ SEC”) and with applicable Canadian
securities regulatory authorities, and the following: the Company’s inability to raise additional capital for project
activities, including through equity financings, concentrate offtake financings or otherwise; capital market
conditions; restrictions on labor and its effects on international travel and supply chains; failure to identify mineral
resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test
results; the Company’s ability to restart and develop the Bunker Hill Mine and the risks of not basing a production
decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in
increased uncertainty due to multiple technical and economic risks of failure which are associated with this
production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as
applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized
studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts
and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or
the cost of such recovery, including increased risks associated with developing a commercially mineable deposit,
with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be
achieved; failure to commence production would have a material adverse impact on the Company's ability to
generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have
a material adverse impact on the Company's cash flow and future profitability; delays in obtaining or failures to
obtain required governmental, environmental or other project approvals; political risks; changes in equity markets;
uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company
to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the
Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine
complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of
projects; and capital, operating and reclamation costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry. Although the Company believes that the
assumptions and factors used in preparing the forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such statements or information, which only applies as of the date of this
news release, and no assurance can be given that such events will occur in the disclosed time frames or at all,
including as to whether or when the Company will achieve its project finance initiatives, or as to 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, other than as
required by law. No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information on
these and other risk factors that could affect the Company’s operations or financial results are included in the
Company’s annual report and may be accessed through the SEDAR+ website ( www.sedarplus.ca) or through
EDGAR on the SEC website (www.sec.gov).