Bunker Hill Announces Closing of “Bought Deal” Private Placements of Units for Gross Proceeds of Approximately C$52 Million
Bunker Hill Mining (OTCQB: BHLL) has successfully closed its previously announced bought deal private placements, raising total gross proceeds of C$51.85 million. The offering consisted of two components: a CAD Offering raising C$24.75 million and a USD Offering raising approximately C$27.10 million.
The offering included significant participation from Teck Resources, which subscribed for 223.79 million units in the USD Offering. Following the transaction, Teck's ownership increased to 32.6% of outstanding shares on a non-diluted basis and potentially 45.6% on a partially diluted basis. Each unit consists of one common share and one warrant exercisable at C$0.17 for 60 months.
The proceeds will support the construction, start-up, and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine in Idaho's Silver Valley. The securities are subject to a statutory hold period until January 30, 2026.
Bunker Hill Mining (OTCQB: BHLL) ha chiuso con successo le sue private placements acquistate precedentemente annunciate, ottenendo proventi lordi totali di C$51,85 milioni. L'offerta era composta da due componenti: una CAD Offering che ha raccolto C$24,75 milioni e una USD Offering che ha raccolto circa C$27,10 milioni.
L'offerta ha visto una significativa partecipazione da parte di Teck Resources, che ha sottoscritto 223,79 milioni di unità nell'USD Offering. A seguito della transazione, la partecipazione di Teck sale al 32,6% delle azioni in circolazione non diluite e potenzialmente al 45,6% su base parzialmente diluita. Ogni unità comprende una azione ordinaria e un warrant exercissabile a C$0,17 per 60 mesi.
I proventi saranno utilizzati per sostenere la costruzione, avvio e ramp-up della miniera di zinco-argento-plombo Bunker Hill nella Silver Valley dell'Idaho. I titoli sono soggetti a un periodo di lock-up fino al 30 gennaio 2026.
Bunker Hill Mining (OTCQB: BHLL) ha cerrado con éxito sus colocaciones privadas adquiridas anunciadas previamente, obteniendo ingresos brutos totales de C$51,85 millones. La oferta constó de dos componentes: una CAD Offering que recaudó C$24,75 millones y una USD Offering que recaudó aproximadamente C$27,10 millones.
La oferta incluyó una participación significativa de Teck Resources, que suscribió 223,79 millones de unidades en la USD Offering. Tras la operación, la participación de Teck asciende al 32,6% de las acciones en circulación no diluidas y potencialmente al 45,6% en base parcialmente diluida. Cada unidad consta de una acción común y una opción (warrant) ejercitable a C$0,17 durante 60 meses.
Los ingresos se destinarán a apoyar la construcción, puesta en marcha y aceleración de la Mina de Zinc-Plata- Plomo Bunker Hill en Silver Valley, Idaho. Los valores están sujetos a un período de retención estatal hasta el 30 de enero de 2026.
Bunker Hill Mining (OTCQB: BHLL)은 사전에 발표된 매입형 비공개 배정( bought deal private placements)을 성공적으로 마감하고 총 매출총이익 C$51.85백만을 달성했습니다. 공모는 두 가지 구성으로 이루어졌습니다: CAD Offering은 C$24.75백만, USD Offering은 약 C$27.10백만을 모았습니다.
공모에는 Teck Resources의 상당한 참여가 포함되어 있으며, Teck은 USD Offering에서 2억 2379만주의 유닛을 구독했습니다. 거래 후 Teck의 보유지분은 비희석 기준으로 32.6%, 부분 희석 기준으로는 잠재적으로 45.6%로 증가합니다. 각 유닛은 보통주 1주와 60개월 동안 행사 가능한 권리(워런트) 1개로 구성됩니다.
수익은 아이다호 주의 Silver Valley에 위치한 Bunker Hill Zinc-Silver-Lead Mine의 건설, 가동 시작 및 가속을 지원하는 데 사용될 예정입니다. 증권은 2026년 1월 30일까지 법정 보유 기간의 적용을 받습니다.
Bunker Hill Mining (OTCQB: BHLL) a clôturé avec succès ses placements privés achetés annoncés précédemment, levant un total brut de 51,85 M$ CAD. L’offre était composée de deux volets : une CAD Offering qui a permis de lever 24,75 M$ CAD et une USD Offering d’environ 27,10 M$ CAD.
La offre a vu une participation notable de Teck Resources, qui a souscrit à 223,79 millions d’unités dans l’USD Offering. Suite à l’opération, la détention de Teck s’élève à 32,6% des actions en circulation non diluées et potentiellement à 45,6% sur une base partiellement diluée. Chaque unité comprend une action ordinaire et un warrant exerçable à C$0,17 pendant 60 mois.
Les fonds seront destinés à soutenir la construction, le démarrage et la montée en puissance de la mine de zinc-argent-plomb Bunker Hill dans le Silver Valley de l’Idaho. Les titres sont soumis à une période de blocage jusqu’au 30 janvier 2026.
Bunker Hill Mining (OTCQB: BHLL) hat erfolgreich seine zuvor angekündigten Bought-Deal-Private Placements abgeschlossen und brutto insgesamt C$51,85 Millionen eingenommen. Das Angebot bestand aus zwei Komponenten: einer CAD Offering, die 24,75 Mio. CAD einbrachte, und einer USD Offering, die ca. 27,10 Mio. CAD erzielte.
Das Angebot verzeichnete eine bedeutende Beteiligung von Teck Resources, das im USD Offering 223,79 Millionen Einheiten zeichnete. Nach der Transaktion erhöht sich Tecks Anteil an den ausstehenden, unverwässerten Aktien auf 32,6% und potenziell auf 45,6% auf einer teilweise verwässerten Basis. Jede Einheit besteht aus einer Stammaktie und einem warrant, der für 60 Monate zu einem Preis von CAD 0,17 ausgeübt werden kann.
Die Mittel dienen der Unterstützung des Aufbaus, der Inbetriebnahme und der Hochlauf der Bunker Hill-Zink-Silizium-Blei-Mine in Idaho's Silver Valley. Die Wertpapiere unterliegen einer gesetzlich vorgeschriebenen Haltedauer bis zum 30. Januar 2026.
Bunker Hill Mining (OTCQB: BHLL) أغلقت بنجاح إصدارات خاصة مُتَبَاعِدَة سابقة الإعلان، محققَةً عائدات إجمالية قدرها 51.85 مليون دولار كندي. اشتملت العروض على مكونين: CAD Offering وجمع 24.75 مليون دولار كندي وUSD Offering جمع نحو 27.10 مليون دولار كندي.
شهدت العروض مشاركة كبيرة من Teck Resources، التي اشتدت اشتراكها في 223.79 مليون وحدة في الـUSD Offering. عقب الصفقة، ارتفع امتلاك Teck إلى 32.6% من الأسهم المتداولة غير المُمَحَاة وربما يصل إلى 45.6% على أساس مُخَفّف جزئياً. كل وحدة تتكون من سهـم عـام واحد و«وَرت» يمكن ممارسته بسعر C$0.17 لمدة 60 شهراً.
سيستخدم العائد للمساعدة في إنشاء وتشغيل وتطوير مناجم الزنك والفضة والرصاص Bunker Hill في وادي Silver في Idaho. تخضع الأوراق المالية لفترة حظر قانونية حتى 30 يناير 2026.
Bunker Hill Mining (OTCQB: BHLL) 已成功完成先前公告的买入交易私募配售，募集总毛收入为C$51.85 百万。此次发行由两部分组成：CAD Offering募集 C$24.75 百万，USD Offering募集约 C$27.10 百万。
此次发行获得了< b>Teck Resources的显著参与，Teck 在 USD Offering 认购了 223.79 百万单位。交易完成后，Teck 的在外流通未稀释股份为 32.6%，在部分摊薄的基础上潜在为 45.6%。每单位包含一股普通股及一张在 60 个月内可按 0.17 加元行使的认股权证。
募集资金将用于支持在爱达荷州 Silver Valley 的 Bunker Hill Zinc-Silver-Lead Mine 的建设、启动和爬坡阶段。证券将受法定锁定期约束，直至 2026 年 1 月 30 日。
- Significant capital raise of C$51.85 million to fund mine development
- Strategic investment and increased stake by major mining company Teck Resources
- Full exercise of underwriters' over-allotment option indicating strong demand
- 60-month warrants provide potential for additional future capital at C$0.17 per share
- Substantial dilution to existing shareholders with issuance of 431.25 million new units
- Significant control position (32.6-45.6%) held by Teck Resources could impact minority shareholders
- Four-month statutory hold period limits trading liquidity
- Warrants could create future selling pressure if exercised
KELLOGG, Idaho and VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR |OTCQB: BHLL) is pleased to announce that it has closed its previously announced bought deal private placement of units of the Company (the “Units”). The Company issued (i) 206,250,000 Units at a price per Unit of C
Each Unit consists of one share of common stock of the Company (a “Common Share”) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price of C
The Offering was completed by a lead underwriter, acting on its own behalf and on behalf of a syndicate of underwriters (the “Underwriters”).
Net proceeds of the Offering are anticipated to be used to support the construction, start-up and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine in the Silver Valley, Idaho.
Immediately prior to the date hereof, Teck beneficially owned, directly or indirectly, or exercised control or direction over, 219,079,378 Common Shares and warrants to purchase an additional 100,598,716 Common Shares, representing approximately
Teck’s purchase of the Units under the USD Offering is being made for investment purposes. Teck may determine to increase or decrease its investment in the Company depending on market conditions and any other relevant factors. This release is required to be issued under the early warning requirements of applicable securities laws. Teck’s head office is located at Suite 3300 – 550 Burrard Street, Vancouver, BC, V6C 0B3. In satisfaction of the requirements of the National Instrument 62-104 - Take-Over Bids And Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, early warning reports respecting the acquisition of Common Shares and Warrants to purchase additional Common Shares by Teck or its affiliates will be filed under the Company’s SEDAR+ at www.sedarplus.ca. A copy of Teck’s early warning report to be filed in connection with the USD Offering may also be obtained by contacting Dale Steeves at 236-987-7405.
In connection with the closing of the Offering, the Company paid to the Underwriters aggregate cash fees in the amounts of C
The Company paid a finder a cash fee of C
Due to Teck’s shareholdings, and certain other insider participation, the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholder Approval (“MI 61-101”). The Company has relied on the exemptions from valuation and minority shareholder approval requirements of MI 61-101 as the Company received the consent of a disinterested arm’s length control person of the Company that beneficially owns, or exercises control or direction over, voting securities of the Company that carry greater voting rights than the voting securities beneficially owned, or over which control or direction is exercised, by Teck and that is also arm’s length of Teck. Control person and insider participation accounted for an aggregate of 224,353,706 Units sold under the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The securities issued under the Offering are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws, due to expire on January 30, 2026, and to a minimum concurrent six-month hold period in accordance with applicable U.S. securities laws.
On behalf of Bunker Hill Mining Corp.
Sam Ash
President and Chief Executive Officer
For additional information, please contact:
Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
E: brenda.dayton@bunkerhillmining.com
Cautionary Statements
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news 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 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 anticipated use of net proceeds of the Offering; and the Company’s ability to complete the construction of the Bunker Hill Mine and move it to commercial production.
Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: Bunker Hill’s ability to receive sufficient project financing for the construction of the Bunker Hill Mine on an acceptable timeline, on acceptable terms, or at all; our ability to service our existing debt and meet the payment obligations thereunder; further drilling and geotechnical work supporting the planned restart and operations at the Bunker Hill Mine; the future price of metals; and the stability of the financial and capital markets. 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: Bunker Hill’s ability to use the net proceeds of the Offering in a manner that will increase the value of stockholders’ investments; the dilution of current stockholders as a result of the consummation of the Offering; Bunker Hill’s ability to operate as a going concern and its history of losses; Bunker Hill’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; further geotechnical work not supporting the continued development of the Bunker Hill Mine or the results described herein; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the Company’s ability to raise sufficient project financing, on acceptable terms or at all, 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; the Company requiring additional capital expenditures than anticipated, resulting in delays in the expected restart timeline; 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, or whether and when the Company will achieve its operational and construction targets. 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 report and may be accessed through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov).
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1 Based on a USD/CAD exchange rate of 1.3829 as published by the Bank of Canada on September 5, 2025.
2 Based on a USD/CAD exchange rate of 1.3829 as published by the Bank of Canada on September 5, 2025.
FAQ
How much did Bunker Hill Mining (BHLL) raise in its September 2025 private placement?
What is Teck Resources' ownership stake in Bunker Hill Mining after the 2025 private placement?
What are the terms of Bunker Hill Mining's 2025 private placement warrants?
How will Bunker Hill Mining use the proceeds from its C$51.85M private placement?
When does the hold period expire for Bunker Hill Mining's September 2025 private placement?
