Bunker Hill arranges $45-million bought deal offering

Mr. Sam Ash reports BUNKER HILL ANNOUNCES C$45 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS Bunker Hill Mining Corp. has entered into an agreement with a lead underwriter, acting on behalf of a syndicate of underwriters to be formed, under which the underwriters have agreed to purchase, on a bought deal private placement basis, 375 million units of the company at a price per unit of 12 cents for aggregate gross proceeds to the company of $45-million. Each unit will consist of one share of common stock of the company and one common stock purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one share of common stock of the company at a price per warrant share of 17 cents for a period of 60 months from the closing date (as defined herein). The company has agreed to grant the underwriters an option to purchase up to an additional 56.25 million units at the issue price, exercisable in whole or in part at any time up to 48 hours prior to the closing date. A cornerstone investor is expected to subscribe for approximately $19.6-million (U.S.) in units under the offering. A separate cornerstone investor is expected to subscribe for approximately $5-million (U.S.) in units under the offering. Completion of the offering is subject to the cornerstone subscription closing. The company intends to use the net proceeds of the offering to advance the construction of the Bunker Hill mine and move it to commercial production and for general corporate and working capital purposes. The offering is being made to eligible substituted purchasers resident in each of the provinces of Canada and territories of Canada in accordance with National Instrument 45-106 (Prospectus Exemptions) and/or in jurisdictions other than Canada that are mutually agreed to by the company and the underwriters, subject to compliance with applicable regulatory requirements. The securities issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing date of the offering. The offering is expected to close on Sept. 29, 2025, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. In consideration for their services, the company has agreed to pay the underwriters a cash commission equal to 6.0 per cent of the gross proceeds from the offering and that number of non-transferable compensation options as is equal to 6.0 per cent of the aggregate number of units sold under the offering. Each compensation option is exercisable to acquire one share of common stock of the company at a price equal to the lowest price permitted under TSX-V policies for a period of 24 months from the closing date. We seek Safe Harbor.