BUNKER HILL MINING CP - BHLL STOCK NEWS

Monetary Metals has provided over 1 million ounces in silver bond financing to Bunker Hill Mining (OTCQB: BHLL), marking the first silver bond issuance in over 200 years. The three-year bond pays a 12% annual coupon in silver and supports the restart of the Bunker Hill Mine in Idaho. The agreement allows for up to 1.2 million ounces of silver to be loaned in tranches, with 1,008,581 ounces already delivered. Investors include high-net-worth individuals, family offices, and institutions. This innovative financing mechanism represents a non-dilutive funding solution for the mining sector.

Bunker Hill Mining has closed the third tranche of its silver loan facility with Monetary Metals Bond III , securing US$6,321,112 (equivalent to 198,777 ounces of silver) as of November 6, 2024. This follows the first tranche of US$16,422,039 (609,805 silver ounces) closed on August 8, and the second tranche of US$6,369,000 (200,000 silver ounces) closed on September 25. The total silver loan facility can reach up to 1.2 million ounces of silver. Additionally, the company issued 750,000 common shares at C$0.16 per share to settle partially a C$166,304.31 payment to a former director, with the remaining C$46,304.31 paid in cash.

Bunker Hill Mining has received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to $150M in debt funding with a 15-year term. The funding aims to accelerate the development of the Bunker 2.0 expansion project, which will increase production capacity from 1800tpd to 2500tpd. The company plans to restart operations in the first half of next year, conduct extensive drilling, and issue an updated resource report in Q1|25. The project focuses on mining zinc and silver, with zinc already listed as a US critical metal and silver under review for the 2025 critical metals list.

Bunker Hill Mining Corp. (TSXV:BNKR | OTCQX:BHLL) has provided an update on its construction progress and production timeline for the Bunker Hill Mining project in Idaho, USA. Key highlights include:

• Structural construction of the 1800 tpd Process Plant is 85% complete
• Procurement is 98% complete, with 95% of equipment on site or scheduled for delivery
• Pre-commissioning activities have begun, including staff recruitment and operational readiness tasks
• Underground rehabilitation continues on schedule
• Resource conversion drilling is intersecting mineralization as predicted
• Production is scheduled for H1 2025

The company reports excellent safety performance and significant progress in various areas, including the processing facility, underground operations, and systems implementation. The project remains on track for production start in the first half of 2025.

Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) has agreed to settle 1,051,787 vested deferred share units (DSUs) with a former director by issuing 1,039,403 common shares at C$0.16 per share. This settlement, valued at C$166,304.41, aims to preserve cash for the potential restart and development of the Bunker Hill Mine. The transaction requires regulatory approvals, including TSX-V approval. The issued shares will be subject to a four-month and one-day hold period under Canadian securities laws and applicable U.S. hold periods. These shares have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption compliance.

Bunker Hill Mining Corp. (TSX-V:BNKR | OTCQB:BHLL) has appointed Kelli Kast to its Board of Directors, effective immediately. Ms. Kast, originally from Coeur D'Alene, Idaho, brings over 30 years of US and international leadership experience in natural resource legal affairs. She currently serves as the Vice President, General Counsel and Chief Administrative Officer of Rare Element Resources (OTCQB:REEMF).

Ms. Kast will chair the Board's Corporate Governance, Nominating and Compensation Committee. Her extensive background includes roles as Senior VP, General Counsel, Chief Administration Officer, and Corporate Secretary at Coeur Mining from 2005-2012. She holds a Juris Doctor degree from the University of South Dakota and is a licensed Idaho attorney.

Bunker Hill Mining Corp. (TSX-V:BNKR | OTCQB:BHLL) has closed the second tranche of its previously announced silver loan with Monetary Metals Bond III The second tranche amounts to US$6,369,000, equivalent to 200,000 ounces of silver as of September 24, 2024. This follows the first tranche of US$16,422,039, equivalent to 609,805 ounces of silver, closed on August 8, 2024.

In connection with the second tranche, Bunker Hill will issue 400,000 non-transferable bonus share purchase warrants to Monetary Metals, subject to TSX Venture Exchange approval. Each warrant allows the holder to acquire one common share at C$0.16 until August 8, 2027. The total silver loan facility can reach up to 1.2 million ounces of silver, supporting the re-start and development of the Bunker Hill Mine.

Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHILL) has announced its decision to issue 5,175,000 shares of common stock to satisfy interest payments on its 7.5% and 10.5% convertible debentures due September 30, 2024. The interest payment totals USD$517,500. The shares will be issued at USD$0.10 per share, based on 90% of the 10-day volume-weighted average trading price on the TSX-V from September 9-20, 2024.

Notably, 4,983,334 shares will be issued to Sprott Private Resource Streaming and Royalty Corp., constituting a related party transaction. The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101. The issuance is subject to regulatory approvals and a four-month hold period.

Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) has announced its decision to issue 506,775 shares of common stock at a deemed price of C$0.16 per share to satisfy a US$60,000 financing cooperation fee owed to a creditor. This fee covers the period from April 1 to June 30, 2024, and is part of an agreement where the creditor provides collateral security for surety bonds related to the Bunker Hill Mine. The company chose to issue shares instead of cash to preserve funds for potential mine restart and development. The transaction requires regulatory approvals, including TSX Venture Exchange approval. The issued shares will have a four-month and one-day hold period and are not registered under U.S. securities laws.