Bunker Hill Signs Financing Term Sheet for Up to 1.2 Million Ounces Silver Loan Facility

TORONTO, June 07, 2024 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR; OTCQB:BHILL) announces that it has signed a non-binding term sheet with Monetary Metals & Co. (“MM”) to provide financing in the form of a silver loan (the “Loan”) of up to 1.2 million ounces of silver in support of the re-start and ongoing development of the Bunker Hill Mine. The Loan will be for a term of three years, secured against the Company’s assets and repayable in silver ounces. The Loan will bear interest at the rate of 15% per annum, payable in silver ounces on the last day of each quarterly interest period. This financing is subject to TSX Venture Exchange (the “TSX-V”) acceptance, settlement of definitive documentation with MM and certain other conditions, including satisfactory due diligence, and applicable regulatory or other consents, including the consent of Sprott Private Resource Streaming and Royalty Corp. (“Sprott Streaming”). There is no guarantee the financing will close on the terms disclosed or at all. Subject to MM successfully marketing the transaction to its investors, the proceeds will be used to replace all or a portion of the existing, undrawn Sprott facility at a lower cost of capital.

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