Bunker Hill Announces Election to Issue Shares in Satisfaction of Interest and Service Payment Obligations

Executive Summary

• Bunker Hill Mining Corp. elected to issue a total of 1,578,430 common shares (“Interest Shares”) to satisfy accrued interest on its Series 1 and Series 2 secured convertible debentures totaling US$268,333.33.
• The Interest Shares will be priced at USD 0.17 per share (≈ C$0.23), based on 90% of the 10‑day VWAP on the TSX‑V during Dec 12‑29, 2025.
• In addition, the company will issue 328,831 “Shares for Services” to Henderson House Holdings, LLC as compensation for consulting services and performance bonuses, priced at C$0.1913 per share based on a 20‑day VWAP (Nov 3‑28, 2025).

Key Details

• Interest Shares Issuance
• Total shares: 1,578,430
• Series 1 Debentures: 450,980 shares for US$76,666.67 interest
• Series 2 Debentures: 1,127,450 shares for US$191,666.67 interest
• Pricing: USD 0.17 per share (≈ C$0.23) – 90% of 10‑day VWAP (Dec 12‑29, 2025)

• Hold period: four months and one day after issuance

• Related Party Transaction

• 1,503,266 Interest Shares to managed accounts of Sprott Private Resource Streaming & Royalty Corp.

• Exemption from MI 61‑101 valuation/minority approval because fair market value < 25% of market cap.

• Shares for Services Issuance

• Total shares: 328,831 (equivalent to US$15,000 per month over a 12‑month period)
• Consulting provider: Henderson House Holdings, LLC (government relations & financing support)
• Pricing: C$0.1913 per share – based on 20‑day VWAP (Nov 3‑28, 2025)

• Additional performance bonuses: 0.5% cash or 1% shares for funding milestones ($60k, $100M, $175M, $250M).

• Regulatory Conditions

• Issuances subject to TSX‑V approval and other regulatory clearances.
• Shares will not be registered under the U.S. Securities Act; resale in the U.S. requires registration or exemption.

Notable Quotes

(No direct quotes were provided in the release.)