KELLOGG, Idaho and VANCOUVER, British Columbia, March 03, 2026 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. ("Bunker Hill" or the "Company") (TSX-V: BNKR | OTCQB: BHLL), announces, further to its news release dated February 9, 2026, the effective date of its one-for-thirty-five reverse stock split ("Reverse Stock Split") of the Company's common stock, par value US$0.000001 ("Common Stock") and preferred stock, par value US$0.000001 ("Preferred Stock"). The Reverse Stock Split will be effective as of March 6, 2026 (the "Consolidation Date"), and the shares of Common Stock (the "Common Shares") will commence trading, on a consolidated basis, on the TSX Venture Exchange (the "TSXV") at market opening on the Consolidation Date. Bunker Hill also wishes to announce, further to its news releases dated February 9, 2026 and February 13, 2026, certain amendments to its LIFE offering of up to 159,735,000 units1 (the "LIFE Units") of the Company (the "LIFE Offering"), inclusive of the Agents' Option (as defined herein), as further described below.
Reverse Stock Split
The Company's name will be unchanged and the Common Shares will continue to trade under the symbol "BNKR" on the TSXV. Bunker Hill's new CUSIP Number after the Reverse Stock Split will be 120613823 and the new ISIN number will be US1206138232.
As of close of business on March 2, 2026, there were 1,407,494,573 Common Shares issued and outstanding. Immediately following the Reverse Stock Split, a total of approximately 40,214,130 Common Shares are expected to be issued and outstanding, subject to adjustments for rounding. Assuming completion of the LIFE Offering and the issuance of up to 159,735,000 Life Units1 of the Company on the Closing Date (as defined below), which assumes full exercise of the over-allotment option by the Agents, there are expected to be a total of approximately 44,777,988 Common Shares issued and outstanding on a post-consolidation basis, subject to adjustments for rounding. As of the date hereof, there are no shares of Preferred Stock outstanding and as such there will be no shares of Preferred Stock outstanding following the LIFE Offering and Reverse Stock Split. No fractional shares will be issued as a result of the Reverse Stock Split.
The Reverse Stock Split was approved by a majority of the Company's stockholders, by way of written consent, on January 27, 2026. The Reverse Stock Split remains subject to the approval of the TSXV and all figures referenced herein are therefore subject to change.
Amended and Restated LIFE Offering Document
In connection with the LIFE Offering, approximately 138,900,000 LIFE Units will be offered by the Company by way of (i) a "best efforts" private placement in each of the provinces and territories of Canada, other than Québec, the United States and jurisdictions outside of Canada and the United States, pursuant to an agency agreement to be entered into on or around March 5th, 2026 (the "Closing Date"), among the Company, Haywood Securities Inc., as lead agent and bookrunner, and a syndicate of agents (the "Agents"); and (ii) a non-brokered private placement to purchasers in Canada, excluding Québec, the United States and jurisdictions outside of Canada and the United States. The Agents may sell up to an additional 20,835,000 LIFE Units pursuant to the Agents' Option.
In addition, the Company wishes to clarify that the Reverse Stock Split will be effective as 12:01 a.m. (PST) on March 6, 2026.
An updated ...
