BUNKER HILL MINING CP - BHLL STOCK NEWS

Bunker Hill Mining Corp. (TSX-V:BNKR; OTCQB:BHILL) has entered into a Silver Loan agreement with Monetary Metals Bond III for up to 1.2 million ounces of silver. The company has closed the first tranche of US$16,422,039, equivalent to 609,805 ounces of silver. The loan has a 3-year term with 15% annual interest, payable in cash or silver.

As part of the agreement, Bunker Hill will issue non-transferable bonus share purchase warrants to Monetary Metals & Co., subject to TSX-V approval. The company has also amended its existing financing package with Sprott Streaming, extending maturity dates and adjusting terms for convertible debentures, a royalty put option, and a loan facility.

Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHILL) has appointed Nick Dunnink as Vice President of Business Development, effective August 1, 2024. Dunnink brings extensive experience in the mining industry and capital markets, having previously founded an independent consultancy and worked for ten years in mining and metals investment banking. His expertise includes assisting in over $20 billion in transactions, including global mergers and acquisitions, structured finance, and capital raises across North America.

Dunnink is a Chartered Financial Analyst with a Certificate in ESG Investing from the CFA Institute and a Bachelor of Commerce from the University of Windsor. The company has granted him 87,493 stock options at C$0.16 per share, vesting on August 1, 2025.

Bunker Hill Mining Corp. (TSX-V:BNKR; OTCQB:BHLL) has received an enhanced ESG rating from Digbee, achieving an overall score of 'A' in its third annual assessment. This marks the project's upgrade from 'exploration' to 'development' phase. The company aims to revive a historic mine within an active EPA Superfund clean-up site, focusing on remediation, mineral extraction, and community support.

CEO Sam Ash emphasized the company's commitment to ESG excellence and continuous improvement. Bunker Hill's unique corporate governance system, modeled after Ford Motor Company's approach, ensures transparency and effective decision-making. The mine's restart is expected to generate employment opportunities and support local infrastructure and skills development.

Digbee's CEO, Jamie Strauss, commended Bunker Hill's commitment to ESG transparency and performance, noting steady improvement over the past three years. The company is well-positioned to develop a sustainable mine for the essential metals supply chain.

Bunker Hill Mining announces the issuance of 4,653,409 common stock shares to satisfy interest obligations on its Series 1 and Series 2 Convertible Debentures. The total interest payable is USD$511,875 as of June 30, 2024. The shares will be issued at USD$0.11 each, reflecting 90% of the 10-day volume-weighted average trading price from June 10 to June 21, 2024. A significant portion of these shares, 4,481,061, will go to Sprott Private Resource Streaming and Royalty Corp., making it a related party transaction. This issuance is subject to regulatory approvals and will include a hold period under Canadian securities laws. Convertible Debentures mature on March 31, 2026.

Bunker Hill Mining Corp. (OTCQB: BHLL) announced the outcomes of its annual general meeting held on June 20, 2024, in Vancouver, British Columbia. All six director nominees were re-elected, including Sam Ash, Mark Cruise, Dickson Hall, Pamela Saxton, Paul Smith, and Richard Williams. The company also acknowledged the contributions of Cassandra Joseph, who did not stand for re-election. Shareholders ratified MNP LLP as the auditor for the fiscal year ending December 31, 2024, approved the adoption and renewal of the amended restricted stock unit incentive plan, and renewed the company’s stock option plan. Additionally, shareholders approved, on an advisory basis, the compensation of named executive officers and an annual advisory vote on executive compensation. The amended RSU plan, which allows for the issuance of up to 33,909,921 common shares (10% of outstanding shares as of May 8, 2024), was adopted.

Bunker Hill Mining announced signing a term sheet with Monetary Metals for a silver loan facility of up to 1.2 million ounces. The loan aims to support the re-start and ongoing development of the Bunker Hill Mine. The loan, with a term of three years, will be secured against the company's assets and bear an annual interest rate of 15%, payable in silver ounces quarterly. The financing is subject to various conditions, including TSX Venture Exchange acceptance and satisfactory due diligence. Proceeds will be used to replace an existing undrawn Sprott facility at a lower cost of capital. Additionally, Bunker Hill will issue bonus share purchase warrants to Monetary Metals, subject to prior TSX-V approval.

Bunker Hill Mining provides an update on its underground exploration at the Bunker Hill Mine in Kellogg, Idaho. Covering 1300 acres, the mine has produced over 5Mt of base metals and 165Moz of silver before 1981. The new exploration uses advanced geophysical technologies to identify low-risk, high-reward Zinc-Lead-Silver targets. The initial 'proof of concept' focus targets Quill and Newgard zones, aiming to discover high-impact mineralization adjacent to existing infrastructure.

The company plans a 9,000-foot diamond drilling program in 2024, focusing on resource expansion to support the first five years of production. Potential discoveries of rare earth elements like Germanium, Gallium, and Indium will also be evaluated. Construction is on schedule with mining and mill commissioning expected by Q4 2024.

Bunker Hill Mining announced the commencement of construction for its processing plant and expansion drilling program at the Bunker Hill Mine in Kellogg, Idaho. Construction of the plant started after receiving the Pre-Permit to Construct from the Idaho Department of Environmental Quality on April 30, 2024. The optimized Tailings Filtration Plant, incorporating pressure filtration for better environmental management, is also advancing. The company aims to begin mining and technical commissioning in Q4 2024, ramping up to full production by Q1 2025. A re-financing process to lower capital costs and increase available capital is underway, with a preferred solution identified, expected to conclude within 60 days. On May 10, 2024, Bunker Hill commenced a resource expansion and exploration drilling program, targeting 8,975 feet of core drilling to support the mine's staged restart. This program is fully funded and aims to define and expand the existing resource.