Bunker Hill enters deal to acquire Ranger-Page property

Executive Summary

• Bunker Hill Mining Corp. (via subsidiary Silver Valley Metals Corp.) has entered into an asset purchase agreement to acquire the historic Ranger-Page silver-lead-zinc mines from Silver Dollar Resources (Idaho) Inc.
• The acquisition consolidates approximately 1,205 acres of mineral claims adjacent to Bunker Hill’s existing mine, expanding the total land package to over 6,200 acres in the Silver Valley, Idaho.
• The transaction is structured as a share-based payment totaling $2.4 million USD, subject to TSX Venture Exchange approval, and aligns with Bunker Hill’s plan to restart operations at the Bunker Hill mine in H1 2026.

Key Details

• Transaction Structure: Bunker Hill will acquire 100% of Silver Dollar's interest in the Ranger-Page Mines for total consideration of $2.4 million (U.S.).
• Consideration: Payment is made via 23,333,334 Bunker Hill common shares (payment shares).
• Conditions: Completion is subject to approval by the TSX Venture Exchange.
• Share Restrictions: The payment shares are subject to a four-month-and-one-day hold period from the date of issuance.
• Asset Details: The acquisition includes six past-producing underground high-grade silver-lead-zinc mines located immediately adjacent to and west of the Bunker Hill mine.
• Land Expansion: The deal increases Bunker Hill’s mineral claim package by approximately 1,205 acres (4.8 square kilometres), creating a contiguous land package exceeding 6,200 acres (25 square kilometres).
• Historical Production: The Ranger-Page Mines complex was a top 10 producer in the Silver Valley, estimated to have produced 1.1 billion pounds of zinc and lead and 14.6 million ounces of silver.
• Historical Resource Estimate: The property contains a historical remaining mine resource of 218,000 tons grading 87.4 g/t silver, 10.34% zinc, and 5.22% lead.
  • Note: This historical estimate is not NI 43-101 compliant, has not been reviewed by a qualified person, and is not classified as a current mineral resource or reserve.
• Exploration Upside: Historical drilling (Hole 34-142_NE) intercepted 8 feet at 9.41 oz/t Ag, 13.4% Pb, and 3.1% Zn.
• Recent Drilling: Maiden drilling on the Wyoming target by Silver Dollar intercepted 10 ft (3.04 m) of 162 g/t Ag, 15.5% Pb, and 4.1% Zn.
• Infrastructure: The acquisition includes existing underground workings and surface access points, offering synergies for ventilation, exploration access, and future mine planning.
• Strategic Alignment: The acquisition supports Bunker Hill’s restart of operations at the Bunker Hill mine, targeted for H1 2026.
• Conference Call: A webinar/webcast is scheduled for Oct. 30, 2025, at 8 a.m. PT/11 a.m. ET.

Notable Quotes

• "The addition of the Ranger-Page Mines will be another key step in our vision to re-establish Bunker Hill as a leading producer in the Silver Valley. The Ranger-Page mine infrastructure and mineralized zones are geologically continuous with the Bunker Hill system, offering immediate synergies for exploration, development and potential future production." — Sam Ash, President and CEO, Bunker Hill Mining Corp.