Bunker Hill Announces Sixth Tranche of Silver Loan Facility

Executive Summary

• Bunker Hill Mining Corp. closed the sixth tranche of its silver‑backed loan with Monetary Metals Bond III LLC for US$2,521,215 (equivalent to 50,384 oz of silver).
• The company will issue 742,219 non‑transferable bonus warrants at an exercise price of C$0.19 per share, exercisable through August 8 2027 and subject to a four‑month hold period.
• An amendment to the secured promissory note purchase agreement extends the availability date for future advances to January 31 2026, preserving the overall warrant cap at 3 million.

Key Details

• Sixth Tranche Amount: US$2,521,215 (≈50,384 oz silver).
• Total Silver Loan Capacity: Up to 1.2 M oz of silver across all tranches.
• Prior Tranches Summary:
• 1st – US$16,422,039 (609,805 oz)
• 2nd – US$6,369,000 (200,000 oz)
• 3rd – US$6,321,112 (198,777 oz)
• 4th – US$1,250,000 (39,620 oz)
• 5th – US$1,478,847 (50,198 oz)
• Warrants Issued to Date: 2,257,781 warrants covering the first five tranches.
• Bonus Warrants for Sixth Tranche: 742,219 warrants; each confers the right to purchase one common share at C$0.19.
• Exercise & Expiry: Exercisable until August 8 2027 (subject to TSX‑V acceleration); hold period of four months + one day from issuance.
• Regulatory Conditions: Issuance of warrant shares pending TSX‑V approval and compliance with securities law hold periods.
• Amendment to MM NPA: Extends advance availability date from June 30 2025 to January 31 2026; total warrants issuable remain capped at 3,000,000.
• Use of Proceeds (Implied): Funding the restart and ongoing development of the Bunker Hill Mine in Idaho’s Coeur d’Alene district.

Notable Quotes

“We are deeply appreciative of the continued support from Monetary Metals as we close yet another tranche of this innovative silver‑backed facility… This phase of financing builds crucial momentum for our team, helping us leverage historic opportunities with modern mining practices and bringing us one step closer to delivering meaningful returns for our shareholders and community.” – Sam Ash, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.