BUNKER HILL MINING CP - BHLL STOCK NEWS

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.

Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHILL) has provided a corporate update on the re-start of its Bunker Hill Mine in Kellogg, Idaho. Key highlights include:

1. Construction is progressing well, with mining, stockpiling, and mill commissioning expected by the end of 2024.
2. Production ramp-up to 1800 tpd is planned for H1 2025.
3. Underground rehabilitation and infrastructure improvements are on track.
4. An underground resource expansion drill program has been initiated.
5. The company closed the first tranche of a Silver Loan with Monetary Metals & Co., worth US$16,422,039.
6. Bunker Hill will present at the 2024 Precious Metals Summit in Beaver Creek, Colorado.

The company aims to deliver its first ore to stockpile by Q4 2024 and anticipates the inaugural concentrate shipment to Teck smelter in Trail, BC, in H1 2025.

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.