Lithium Corporation Highlights Proposed Bunker Hill and Silver47 Merger

Lithium Corporation released a follow-up on August 25, 2026, regarding the definitive merger agreement between Bunker Hill Mining Corp. and Silver47 Exploration Corp. dated August 20, 2026. The release did not add new transaction terms for Lithium Corporation.

Lithium Corporation states it holds a 25% interest in Summa, LLC. Summa LLC optioned the Hughes Tonopah Project in Nevada to Summa Silver Corp in 2020; Summa Silver later merged with Silver47 in 2025. Through that chain, Lithium Corporation says it effectively retains a 0.25% Net Smelter Return royalty on the Tonopah property and the Belmont Tailings Project in Nevada.

The release also says work on the Belmont Tailings by Lithium Corporation, Summa Silver and later Silver47 contributed to defining an inferred resource of 2.74 million silver-equivalent ounces.

The merger between Bunker Hill and Silver47 Exploration Corp. (AGA) was originally announced on August 21, 2026. Lithium Corporation’s recent release on August 25, 2026, serves only to highlight that existing deal and remind investors of its indirect royalty exposure.

Market activity suggests the reaction occurred on the initial August 21 announcement rather than the later release. Lithium Corporation’s closing price rose from $0.67 on August 20, 2026, to $0.78 on August 21, 2026, representing a one-day move of roughly 16.4%.

The transaction could be mildly positive for Lithium Corporation if a better-capitalized combined entity advances the Hughes and Belmont assets. However, the royalty interest is small and indirect. According to the merger release, the Hughes Project has indicated resources of 10.3 moz AgEq and inferred resources of 32.9 moz AgEq. The Belmont tailings add 2.74 moz AgEq, bringing the combined total to approximately 45.9 moz AgEq.

A 0.25% NSR on that total equals about 114,850 AgEq ounces. At the $25/oz silver price used in the Silver47 release, this implies a gross contained value of only about $2.9 million before costs, recovery, development risk, and time. Against Lithium Corporation’s approximate $134.9 million market value, that figure is not material even if the resource were eventually produced.

There is no direct payment to Lithium Corporation, no change to its share count, no new financing, and no update to its core lithium, graphite, or REE portfolio.

Lithium Corporation is an OTCQB-listed mineral exploration and project generator focused on North American critical minerals. The company describes a portfolio of lithium prospects in Nevada and titaniferous rare earth element and graphite properties in British Columbia, along with related energy-storage and renewable-energy opportunities.

The most relevant asset to this release is not a project Lithium Corporation operates. It is the indirect 0.25% NSR royalty on the Hughes Tonopah Project and Belmont Tailings Project in Nevada, held through its 25% interest in Summa, LLC.

A clear flagship project for Lithium Corporation is not identified in the provided materials. The historical news items in this dataset are predominantly Silver47 Exploration releases, not Lithium Corporation operational updates. Lithium Corporation’s own financial statements confirm it is exploration-stage with no revenue.