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

Core Viewpoint - Bunker Hill Mining Corp. has decided to issue a total of 15,378,473 shares of common stock to satisfy interest payments due on various debt instruments as of June 30, 2025 [1][2][3] Debt Instruments and Interest Payments - The interest payments will be satisfied through the issuance of shares as follows: - 1,291,667 shares for US$103,333.33 owed on 5.0% Series 1 secured convertible debentures [1] - 4,260,417 shares for US$340,833.33 owed on 5.0% Series 2 secured convertible debentures [1] - 9,826,389 shares for US$786,111.11 owed under a 10% loan facility [1] - The Series 1 Debentures mature on March 31, 2028, Series 2 Debentures mature on March 31, 2029, and the Loan Facility matures on June 30, 2030 [1] Pricing and Regulatory Compliance - The shares will be issued at a price of USD$0.08 (approximately C$0.11) based on 90% of the 10-day volume weighted average trading price [2] - The issuance to certain managed accounts of Sprott Private Resource Streaming and Royalty Corp. is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval [3] Regulatory Approvals and Hold Period - The issuance of the Interest Shares is subject to regulatory approvals, including that of the TSX Venture Exchange [4] - Once issued, the shares will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [4] Company Overview - Bunker Hill Mining Corp. aims to sustainably restart and develop the Bunker Hill Mine as part of a strategy to consolidate and optimize mining assets in North America [5]