The TSX Venture Exchange has accepted for filing documentation with respect to a non-arm's-length exchange agreement and an amendment to a royalty agreement. Pursuant to the terms of the agreements, the company and the company's wholly owned subsidiary will grant to a non-arm's-length party:

1. 200 million shares of the company at a deemed price of 10.5 U.S. cents (15 cents) per share;
2. A 1.65-per-cent life-of-mine gross revenue royalty (GRR) applying to all claims, including certain additional surface and mineral rights subsequently acquired on the company's Bunker Hill Mine located in Idaho, United States.

The above consideration is in exchange for the cancellation of the non-arm's-length party's outstanding $46-million (U.S.) multistream agreement. No finder's fee was paid.

For further details, please refer to the company's news releases dated March 6, 2025, May 16, 2025, and June 5, 2025.