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Bunker Hill Completes The Ranger Page Project Acquisition in Idaho's Silver Valley and Provides Corporate Update; Advances Exploration in Idaho Leveraging VRIFY's AI-Enabled Exploration Intelligence Software
Globenewswire· 2025-12-12 11:00
Core Insights - Bunker Hill Mining Corp has successfully completed the acquisition of mineral interests from Silver Dollar Resources, enhancing its control over a historically productive area in Idaho's Silver Valley mining district [1][2][3] Transaction Details - The acquisition includes a 100% interest in the Ranger-Page mineral interests and a 75% interest in the Government Gulch property, totaling approximately US$2.4 million, paid in shares [4][5] - The asset purchase agreement includes a contractual escrow payment schedule for the release of shares to the vendor [5][6] - The transaction is arm's length, with no finder's fee involved, and includes options for additional mineral interests from Deadwood Land, LLC and Blackhawk Exploration LLC [7][8][10] Strategic Implications - The acquisition consolidates Bunker Hill's mineral claim package by approximately 1,205 acres (4.8 km²) and includes a historical geological database, potentially extending the operational life of the Bunker Hill Mine [2][3] - The project is expected to maximize economies of scale and unlock local synergies, enhancing the company's long-term development pipeline [2][3] Technological Advancements - Bunker Hill has partnered with VRIFY Technology Inc. to utilize AI and machine learning for exploration efficiency, leveraging extensive geological datasets [14][15] - The integration of VRIFY's DORA software aims to enhance project understanding and accelerate discovery in the Silver Valley [15][19] Corporate Governance - The company's board has approved an increase in authorized shares from 2.5 billion to 3.5 billion, providing greater flexibility for future stock issuances [23][24][25]