Bunker Hill Mining Corp. Elects to Issue Shares of Common Stock in Satisfaction of Interest Payment

KELLOGG, Idaho and VANCOUVER, British Columbia, Dec. 20, 2024

Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQB:BHLL) has announced that it will be issuing an aggregate of 7,392,859 shares of common stock of the Company (the “Interest Shares”) to certain holders of 7.5% convertible debentures (the “Series 1 Convertible Debentures”) and 10.5% convertible debentures (the “Series 2 Convertible Debentures”) in full satisfaction of the interest payable thereunder as of December 31, 2024 in the aggregate amount of USD$517,500.00 (the “Interest Payment”). The Convertible Debentures mature on March 31, 2028 & March 31, 2029, respectively.

This decision by Bunker Hill represents a strategic move to manage its debt obligations and strengthen its financial position. By issuing shares of common stock to cover the interest payment on the Convertible Debentures, the Company is reducing its cash outflow and improving its balance sheet.

How will this decision affect me?

As an investor in Bunker Hill Mining Corp., this announcement could have both positive and negative implications for you. On the one hand, the issuance of additional shares of common stock could dilute the value of your existing shares. However, by satisfying its interest payment obligations through this stock issuance, Bunker Hill is taking steps to enhance its financial stability, which could ultimately benefit shareholders in the long run.

How will this decision affect the world?

While the impact of Bunker Hill’s decision to issue shares of common stock in satisfaction of its interest payment may not have a direct effect on the world at large, it does reflect the larger trend of companies seeking innovative solutions to manage their debt and improve their financial health. By taking proactive steps to address its obligations, Bunker Hill is positioning itself for future growth and sustainability, which could contribute positively to the broader economic landscape.

Conclusion

In conclusion, Bunker Hill Mining Corp.’s decision to issue shares of common stock to cover its interest payment on Convertible Debentures demonstrates a strategic approach to managing its debt obligations and strengthening its financial position. While this move may impact investors in the short term, it reflects the Company’s commitment to long-term financial stability and growth, which could ultimately benefit both shareholders and the broader economy.