Core Points - Bunker Hill Mining Corp. has entered into an asset purchase agreement to acquire the Ranger-Page property, which includes six past-producing underground high-grade silver-lead-zinc mines located adjacent to the Bunker Hill Mine in Idaho [1][2] - The acquisition is expected to consolidate a historically productive area, increasing the mineral claim package by approximately 1,205 acres (4.8 km²) and providing an extensive historical geological database [2][4] - The acquisition aligns with Bunker Hill's ongoing plans to restart operations at the Bunker Hill Mine, targeted for H1 2026, enhancing future resource expansion and mill feed sources [5][12] Strategic Highlights - The Ranger-Page Mines will create a contiguous land package exceeding 6,200 acres (25 km), making it one of the largest holdings in the Silver Valley [5] - Historical drilling indicates high-grade silver-lead-zinc mineralization remains open at depth, with significant exploration potential [5][9] - Existing infrastructure at the Ranger-Page Mines will provide flexibility for future mine planning and exploration access [5][10] Transaction Summary - Bunker Hill will acquire 100% of Silver Dollar's interest in the Ranger-Page Mines for a total consideration of US$2.4 million, consisting of 23,333,334 Bunker Hill Common Shares [11][12] - The completion of the acquisition is subject to approval from the TSX Venture Exchange [12] - Payment shares will be released to the vendor in stages over a 12-month period [12] Community Benefits - The acquisition has the potential to create more local employment opportunities and stimulate procurement from regional suppliers, benefiting local communities [5]
Bunker Hill Announces Agreement to Acquire the Historic Ranger-Page Silver- Lead-Zinc Mines to Expand Exploration Potential in the Silver Valley of Idaho
Globenewswire·2025-10-27 10:15