Bunker Hill closes $31M equity/debt restructuring; Teck & Sprott become control persons

Bunker Hill Mining Corp.

Raised ~US$26.7M in combined brokered ($6.2M) and Teck ($20.5M) placements; issued 252M units at C$0.15/unit.
Teck now owns 23.9% (31.4% diluted) and Sprott 29.6% (39.1% diluted), both become control persons with board nomination rights.
Converted ~$4.4M debt to equity; amended convertible debentures (rates lowered to 5%) and reduced Debt Facility principal to $15M.
Teck provides up to $10M standby facility at 13.5% interest; offtake agreements extended to life-of-mine.
Director Paul Smith resigned; no disagreement reported.

item 1.01item 2.03item 3.02item 3.03item 5.02item 5.03item 7.01item 8.01item 9.01

Executive movements

Departed

Paul Smith

Director

BHLL · Bunker Hill Mining Corp.

Effective: 2025-06-05
Filed: Jun 11, 2025 23:59 UTC

On June 5, 2025, Paul Smith resigned as a member of the Board effective immediately.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.