Lithium Corporation Highlights Proposed Bunker Hill and Silver47 Merger

Rhea-AI Summary

Lithium Corporation (OTCQB: LTUM) highlights the proposed merger between Bunker Hill Mining and Silver47 Exploration (TSXV: AGA, OTCQX: AAGAF), which have signed a definitive agreement dated August 20, 2026 for Bunker Hill to acquire all Silver47 common shares. The combined company intends to operate as Bunker Hill Silver Corp, focused on U.S. silver and critical minerals.

This development is relevant to Lithium Corporation because it holds a 25% interest in Summa LLC, which optioned the Hughes Tonopah Project in Nevada to Summa Silver in 2020. Summa Silver merged with Silver47 in 2025, and Lithium Corporation effectively retains a 0.25% net smelter return (NSR) royalty on the Tonopah property and the Belmont Tailings Project. Work by Lithium Corporation and partners helped define an inferred resource of 2.74 million silver-equivalent ounces at Belmont Tailings.

Market Context

LTUM's recent news reactions were mixed, at -0.43% and +0.42%. That record placed the merger highlig...

Analysis

LTUM's recent news reactions were mixed, at -0.43% and +0.42%. That record placed the merger highlight in a variable-response context; the latest 10-Q's going-concern disclosure remained a key financing risk to monitor.

Key Figures

Summa interest: 25% NSR royalty: 0.25% Silver equivalent resource: 2.74 million silver equivalent ounces +3 more

6 metrics

Summa interest 25% Lithium Corporation's interest in Summa, LLC

NSR royalty 0.25% Tonopah property and Belmont Tailings Project

Silver equivalent resource 2.74 million silver equivalent ounces Inferred resource at the Belmont Tailings Project

Agreement date August 20, 2026 Date of the definitive agreement

Summa option year 2020 Year Summa LLC optioned the Hughes Tonopah Project

Silver47 merger year 2025 Year Summa Silver subsequently merged with Silver47

Historical Context

2 past events · Latest: Jun 22 (Positive)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 22	Mineral claims grant	Positive	-0.4%	Claims were granted and technical work and exploration commenced at the Las Pilas prospect.
Apr 30	Exploration update	Positive	+0.4%	The company expanded claims and reported exploration and option agreement developments.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company news produced mixed reactions, with a negative move after the June claims grant and a positive move after the April exploration update.

Key Terms

net smelter return, nsr royalty, inferred resource, silver equivalent ounces

4 terms

net smelter return financial

"effectively retains a 0.25% Net Smelter Return ("NSR") royalty"

Net smelter return is the percentage of revenue from selling a mineral or metal that a mining company or project owner receives after deducting costs like refining and transportation. It functions like a share of the profits from the mineral's sale, giving investors an idea of how much money the project generates. This measure helps investors assess the potential profitability of a mining asset.

nsr royalty financial

"retains a 0.25% Net Smelter Return ("NSR") royalty on the Tonopah property"

A net smelter return (NSR) royalty is a payment to a rights holder equal to a fixed percentage of the money a mine actually receives from selling refined metal, after the costs of turning ore into a saleable product are taken out. Think of it like a toll collected on each shipment after it’s been cleaned and sold. For investors, NSR royalties matter because they create a steady revenue stream with lower operational risk for the royalty holder, while reducing the owner-operator’s share of project cash flow and affecting project valuation.

inferred resource technical

"definition of an easily extractable and ready-to-process inferred resource"

An inferred resource is an early-stage estimate of how much mineral material may be present and its likely quality, based on limited sampling and basic geological patterns rather than detailed data. It matters to investors because it indicates potential upside but carries high uncertainty—like a rough hand-drawn map that hints at treasure but needs much more surveying and testing before anyone can count on its value for planning or valuation.

silver equivalent ounces technical

"containing 2.74 million silver equivalent ounces"

A measure that converts the production or reserves of various metals (like gold, lead, zinc) into the amount of silver they would be worth at current price ratios, so all metals are reported as ‘silver ounces.’ Think of it like converting different currencies into a single one to make totals easier to compare. Investors use it to get a single, comparable figure for output or value, but the number depends on the price ratios chosen and can change as metal prices move.

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Lithium Corp retains an NSR royalty on the Tonopah Property, including the Belmont Tailings Project.

Elko, Nevada--(Newsfile Corp. - August 25, 2026) - Lithium Corporation (OTCQB: LTUM) ("Lithium Corporation" or the "Company"), a mineral exploration company focused on strengthening North America's energy independence through the development of domestic critical mineral resources, is pleased to highlight a recent announcement by Bunker Hill Mining Corp and Silver47 Exploration Corp (TSXV: AGA) (OTCQX: AAGAF) ("Silver47"). The two companies report entering into a definitive agreement dated August 20, 2026, pursuant to which Bunker Hill agrees to acquire all of the issued and outstanding common shares of Silver47. The combined company intends to operate as Bunker Hill Silver Corp, creating a U.S. focused silver and critical minerals company.

This transaction is relevant to Lithium Corporation and its shareholders due to the Company's 25% interest in Summa, LLC. Summa LLC optioned the Hughes Tonopah Project in Nevada to Summa Silver Corp in 2020. Summa Silver subsequently merged with Silver47 in 2025. Through the arrangement Lithium Corporation effectively retains a 0.25% Net Smelter Return ("NSR") royalty on the Tonopah property and the Belmont Tailings Project in Nevada. Work conducted on the latter by Lithium Corporation, in collaboration with Summa Silver, and most recently Silver47, contributed to the definition of an easily extractable and ready-to-process inferred resource containing 2.74 million silver equivalent ounces.

The Bunker Hill/Silver47 arrangement combines Bunker Hill's near-term silver production platform in Idaho with Silver47's exploration and development assets in Alaska, Nevada, and New Mexico. The combined company is expected to benefit from greater scale, an expanded resource base, and enhanced access to capital to support future growth and project advancement.

For additional details, please refer to the full announcement at https://silver-47.com/bunker-hill-and-silver47-announce-merger-to-create-a-made-in-america-u-s-silver-critical-minerals-champion/.

Learn more about Lithium Corporation's complete portfolio of lithium, graphite, and titanium/rare earth element prospects at https://lithiumcorporation.com/projects/.

About Lithium Corporation
Lithium Corporation is a mineral exploration company dedicated to securing North America's energy independence through domestic critical mineral resources. As one of the few Project Generators in North America's critical minerals sector, the Company leverages its extensive exploration expertise to focus on energy metals with the goal of helping achieve energy independence for North America.

The Company's dual operational focus spans two worldclass mining jurisdictions, with promising lithium prospects in Nevada, USA, and a diverse portfolio of titaniferous rare earth element, and graphite properties in British Columbia, Canada. Lithium Corporation is committed to driving a secure and independent energy future for North America through strategic investments in energy metals exploration and related opportunities, such as renewable energy generation and energy storage solutions.

Contact
Tom Lewis, CEO
775-410-5287
info@lithiumcorporation.com

On behalf of the Board of Directors
"Tom Lewis"
Tom Lewis,
President & CEO
Website: www.lithiumcorporation.com

Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices, and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Lithium Corporation (OTCQB:LTUM) 1031 Railroad St. Ste 102B Elko NV 89801 (775) 410-5287 www.lithiumcorporation.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311146

FAQ

How does the Bunker Hill and Silver47 merger relate to Lithium Corporation (OTCQB: LTUM)?

The merger matters to Lithium Corporation because it holds a 25% interest in Summa LLC and a 0.25% NSR royalty on Tonopah and Belmont Tailings. According to Lithium Corporation, Silver47 controls these assets through prior transactions involving Summa Silver.

What royalty interest does Lithium Corporation retain on the Tonopah and Belmont Tailings projects?

Lithium Corporation effectively retains a 0.25% net smelter return (NSR) royalty on the Tonopah property and Belmont Tailings Project. According to Lithium Corporation, this royalty stems from earlier option and merger arrangements involving Summa LLC and Summa Silver.

What resource has been defined at the Belmont Tailings Project linked to LTUM and Silver47 (AAGAF)?

The Belmont Tailings Project hosts an inferred resource of 2.74 million silver-equivalent ounces. According to Lithium Corporation, this easily extractable, ready-to-process resource was defined through work it conducted with Summa Silver and, more recently, Silver47.

What will the combined Bunker Hill and Silver47 company focus on after the merger?

The combined entity intends to operate as Bunker Hill Silver Corp, focusing on U.S. silver and critical minerals. According to Lithium Corporation, it will pair Bunker Hill’s near-term Idaho production platform with Silver47’s exploration assets in Alaska, Nevada, and New Mexico.

Why is the Bunker Hill–Silver47 transaction potentially important for LTUM shareholders?

The transaction could influence the pace of work on assets where Lithium Corporation holds a 0.25% NSR royalty. According to Lithium Corporation, the larger combined company may have expanded resources and capital access for advancing Tonopah and Belmont Tailings projects.