Bunker Hill Announces Equity Compensation Grants
March 12 2024 - 11:07PM
Bunker Hill Mining Corp. (“
Bunker Hill” or the
“
Company”) (TSX-V: BNKR) (OTCQB: BHLL) announces
that its board of directors has approved the grant of an aggregate
of 5,936,737 restricted stock units (the “
RSUs”)
to certain directors and officers of the Company, including its
Executive Chairman, Chief Executive Officer, and Chief Financial
Officer, respectively, pursuant to the terms of the Company’s
amended and restated restricted stock unit incentive plan (the
“
RSU Plan”). The RSUs will vest in one-third
increments on March 13 of 2025, 2026 and 2027 into one share of
common stock of the Company (a “
Common Share”) at
a deemed price of C$0.11 based on the closing price of the Common
Shares on the TSX Venture Exchange (the “
TSX-V”)
on March 12, 2024.
A copy of the RSU Plan is available under the
Company’s profile on SEDAR+.
ABOUT BUNKER HILL MINING
CORP.
Under new Idaho-based leadership, Bunker Hill
intends to sustainably restart and develop the Bunker Hill Mine as
the first step in consolidating and then optimizing a number of
mining assets into a high-value portfolio of operations, centered
initially in North America. Information about the Company is
available on its website, www.bunkerhillmining.com, or within the
SEDAR+ and EDGAR databases.
Cautionary Statements
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this
release.
Certain statements in this news release are
forward-looking and involve a number of risks and uncertainties.
Such forward-looking statements are within the meaning of that term
in Section 27A of the U.S. Securities Act of 1933, as amended, and
Section 21E of the U.S. Securities Exchange Act of 1934, as
amended, as well as within the meaning of the phrase
‘forward-looking information’ in the Canadian Securities
Administrators’ National Instrument 51-102 – Continuous Disclosure
Obligations (collectively, “forward-looking
statements”). Forward-looking statements are not comprised
of historical facts. Forward-looking statements include estimates
and statements that describe the Company’s future plans, objectives
or goals, including words to the effect that the Company or
management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, “plan” or variations of such words and
phrases.
Forward-looking statements in this news release
include, but are not limited to, statements regarding the Company’s
objectives, goals or future plans, including the restart and
development of the Bunker Hill Mine, and the achievement of future
short-term, medium-term and long-term operational strategies.
Factors that could cause actual results to
differ materially from such forward-looking statements include, but
are not limited to, those risks and uncertainties identified in
public filings made by Bunker Hill with the U.S. Securities and
Exchange Commission (the “SEC”) and with
applicable Canadian securities regulatory authorities, and the
following: the Company’s inability to raise additional capital for
project activities, including through equity financings,
concentrate offtake financings or otherwise; the fluctuating price
of commodities; capital market conditions; restrictions on labor
and its effects on international travel and supply chains; failure
to identify mineral resources; failure to convert estimated mineral
resources to reserves; the preliminary nature of metallurgical test
results; the Company’s ability to restart and develop the Bunker
Hill Mine and the risks of not basing a production decision on a
feasibility study of mineral reserves demonstrating economic and
technical viability, resulting in increased uncertainty due to
multiple technical and economic risks of failure which are
associated with this production decision including, among others,
areas that are analyzed in more detail in a feasibility study, such
as applying economic analysis to resources and reserves, more
detailed metallurgy and a number of specialized studies in areas
such as mining and recovery methods, market analysis, and
environmental and community impacts and, as a result, there may be
an increased uncertainty of achieving any particular level of
recovery of minerals or the cost of such recovery, including
increased risks associated with developing a commercially mineable
deposit, with no guarantee that production will begin as
anticipated or at all or that anticipated production costs will be
achieved; failure to commence production would have a material
adverse impact on the Company's ability to generate revenue and
cash flow to fund operations; failure to achieve the anticipated
production costs would have a material adverse impact on the
Company's cash flow and future profitability; delays in obtaining
or failures to obtain required governmental, environmental or other
project approvals; political risks; changes in equity markets;
uncertainties relating to the availability and costs of financing
needed in the future; the inability of the Company to budget and
manage its liquidity in light of the failure to obtain additional
financing, including the ability of the Company to complete the
payments pursuant to the terms of the agreement to acquire the
Bunker Hill Mine complex; inflation; changes in exchange rates;
fluctuations in commodity prices; delays in the development of
projects; and capital, operating and reclamation costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such statements or
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all, including as to whether or
when the Company will achieve its project finance initiatives, or
as to the actual size or terms of those financing initiatives. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
Readers are cautioned that the foregoing risks
and uncertainties are not exhaustive. Additional information on
these and other risk factors that could affect the Company’s
operations or financial results are included in the Company’s
annual information form or annual report and may be accessed
through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on
the SEC website (www.sec.gov), respectively.
For additional information
contact:
Sam AshPresident and Chief Executive Officer+1
208 627-7586ir@bunkerhillmining.com
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