Bunker Hill signs $50M Sprott project finance, buys mine, amends EPA settlement

Bunker Hill Mining Corp.

$50M non-binding term sheet with Sprott: $8M royalty convertible debenture (9%), $5M convertible debenture (7.5%, CAD0.30), $37M stream for up to 10% of metals.
Mine purchase from Placer Mining for $5.4M cash, closing expected January 2022.
EPA settlement amendment defers $17M of $19M liability to 2024-2029; $2M payment due Jan 2022, $2.9M water treatment costs due within 90 days.
Filed updated technical report confirming 59% M&I resource increase to 1.1B zinc-equivalent lbs.
Construction decision expected early Q2 2022, with commercial production targeted mid-2023.

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