EPA Signs Agreement With Bunker Hill Mining Corp. Which Provides Full Rights of Operatorship of the Bunker Hill Zinc, Lead, Silver Mine
EPA Signs Agreement With Bunker Hill Mining Corp. Which Provides Full
Rights of Operatorship of the Bunker Hill Zinc, Lead, Silver Mine
TORONTO, March 07, 2018 -- Bunker Hill Mining Corp. (CSE:BNKR) (“Bunker Hill” or the “Company”) is pleased to report that
the United States Environmental Protection Agency (“EPA”), and the United States Department of Justice, have signed an
agreement with Bunker Hill, allowing the Company or any subsidiary entities to operate the Bunker Hill Zinc, Lead, and Silver
Mine without incurring liability for hazardous substances, pollutants or contaminants that migrated from the Mine in the past.
Specifically, Bunker Hill’s agreement with the United States, titled “Settlement Agreement and Order on Consent for Response
Action”, in part, provides for the following:
Major obligations of Bunker Hill
• Payment to the EPA over a seven year period totalling US$20M for as long as Bunker Hill leases, owns and/or operates
the Mine (payments are on behalf of the current owner/lessor for the EPA’s prior response costs as contemplated by
the lease/option on the Mine);
• Semi-annual payments to the EPA of US$480,000 for ongoing water treatment costs incurred at the EPA’s Central
Treatment Plant;
• Specified ongoing maintenance work on mine infrastructure to allow for proper management of mine effluent.
Major obligations of the United States
• The United States covenants not to sue Bunker Hill for prior contamination migrating from the mine;
• The EPA agrees not to enforce any lien it may have on the mine so long as Bunker Hill is in compliance with its
payment and maintenance work obligations;
• The EPA agrees to release any lien it may have on the the mine upon the completion of Bunker Hill’s maintenance
work and payment obligations.
The Settlement Agreement is subject to a 14 day public comment period, after which it will become effective.
Stated Bruce Reid, President & CEO of Bunker Hill: “This agreement with the United States EPA and Department of Justice
provides Bunker Hill or a subsidiary with the ability to operate the Bunker Hill Mine. We can now accelerate the work required
to re-open the mine. We will work together with the EPA to operate the mine in a way that will provide economic benefits for
the local community in an environmentally prudent fashion.”
About Bunker Hill Mining Corp.
Bunker Hill Mining Corp. has an option to acquire 100% of the Bunker Hill Mine. The Bunker Hill Mine was the largest
producing mine in the Coeur D'Alene zinc, lead and silver mining district in northern Idaho. Historically, the mine produced
over 35M tons of ore grading on average 8.76% lead, 3.67% zinc, and 155 g/t silver (Bunker Hill Mines Annual Report 1980).
Information about the Company is available on its website, www.bunkerhillmining.com, or in the SEDAR and EDGAR
databases.
For additional information contact:
Bruce Reid
Chief Executive Officer
Nicholas Konkin
Marketing and Communications
(647) 500-4495 (416) 567-9087
[email protected] [email protected]
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 Securities Act of 1933, as amended, and
Section 21E of the 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. The forward looking statements made herein are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's expectations or assumptions with respect to,
among other things, the ability of the Company to successfully complete the acquisition of the Bunker Hill Mine Complex
on the terms as announced or other satisfactory terms or at all, and fund the initial payments for which the Company does not
have funds at this time, the Company’s present and future financial condition, the Company’s ability to secure financing, and
the state of financial markets. 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”, or “plan”, and may include statements regarding, among other things, the terms of
the Bunker Hill Mine Complex acquisition and funding of the acquisition. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of exploration, project development, and the Company’s financial
condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as:
the inability of the Company to successfully acquire the Bunker Hill Mine Complex on the terms as announced or other
satisfactory terms or at all, and fund the payments for which the Company does not have funds at this time; the inability of the
Company to budget and manage its liquidity in light of the failure to obtain additional financing; the inability of the Company to
develop or sustain an active public market for its securities; development of changes in general economic conditions and
conditions in the financial markets; changes in demand and prices for precious metals; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments; operational difficulties encountered in connection with
the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that
may affect any of the Company’s forward-looking statements. These and other factors made in public disclosures and filings
by the Company should be considered carefully and readers should not place undue reliance on the Company’s forward-
looking statements. The Company does not undertake to update any forward-looking statement that may be made from time
to time by the Company or on its behalf, except in accordance with applicable securities laws.