Bunker Hill arranges $45-million bought deal offering

Executive Summary

• Bunker Hill Mining Corp. announced a C$45 million bought‑deal private placement of 375 million units at $0.12 per unit.
• Each unit includes one common share and one warrant (exercise price $0.17, 60‑month term); underwriters receive a 6% cash commission plus compensation options equal to 6% of units sold.
• Net proceeds are earmarked for advancing construction of the Bunker Hill mine toward commercial production and for general corporate/working capital purposes.

Key Details

• Units Offered: 375 million units (each = 1 common share + 1 warrant).
• Price per Unit: $0.12 CAD, yielding gross proceeds of approximately $45 million USD.
• Warrant Terms: Exercise price $0.17 per share; exercisable for 60 months from closing date.
• Underwriter Option: Up to an additional 56.25 million units (15% of the base amount) at the same issue price, exercisable up to 48 hours before closing.
• Cornerstone Investors:
• Investor 1 – ~US$19.6 million in units.
• Investor 2 – ~US$5 million in units.
• Use of Proceeds: Fund construction of the Bunker Hill mine to achieve commercial production; also for general corporate and working‑capital needs.
• Offering Mechanics: Bought‑deal private placement to eligible substituted purchasers under NI 45‑106 (prospectus exemptions); securities subject to a statutory hold period of 4 months + 1 day in Canada.
• Closing Date: Expected on September 29, 2025, subject to customary closing conditions and regulatory approvals (including TSX‑V conditional listing).
• Underwriter Compensation:
• Cash commission – 6.0% of gross proceeds.
• Non‑transferable compensation options – equal to 6.0% of total units sold; each option allows purchase of one common share at the lowest price permitted under TSX‑V policies, exercisable for 24 months from closing.

Notable Quotes

No executive quotes were provided in the release.