Bunker Hill Mining Corp. 8-K

What Happened

• Bunker Hill Mining Corp. announced the closing of its LIFE offering on March 5, 2026: 159,735,000 LIFE Units were sold (including full exercise of the agents’ over‑allotment) at C$0.18 per unit for gross proceeds of approximately C$33,752,300. Each LIFE Unit consists of one common share and one-half of a common share purchase warrant; each whole warrant is exercisable at C$0.30 until March 5, 2029.
• The company entered into subscriber forms and a warrant indenture (Computershare Trust Company of Canada as warrant agent). Ocean Partners Holdings Limited agreed to exercise at least 29,411,765 previously issued warrants at C$0.17.
• Effective March 6, 2026, Bunker Hill completed a 1‑for‑35 reverse stock split of its capital stock (no fractional shares issued; fractional results were rounded up). The new CUSIP for the common stock is 120613823.

Key Details

• Offering size: 159,735,000 LIFE Units at C$0.18 each; gross proceeds ≈ C$33,752,300 (includes warrants exercised).
• Warrants: one-half warrant per LIFE Unit; whole warrant exercise price C$0.30; expiry March 5, 2029. Warrant indenture dated March 5, 2026.
• Agent compensation: cash fees ≈ C$1,627,110 plus 9,039,500 non-transferable compensation options (exercisable at C$0.18 until March 5, 2028). ZED received C$47,820 and 265,667 compensation options for introduced subscribers.
• Corporate actions: 1-for-35 reverse split effective 12:01 a.m. PT March 6, 2026; authorized capital becomes 100,285,715 shares (100,000,000 common; 285,715 preferred). Company agreed to a securities offering restriction until July 3, 2026 and to file a U.S. registration statement by March 12, 2026 covering resale of Unit Shares, Warrant Shares and Compensation Option Shares.

Why It Matters

• The transaction raises immediate cash (≈C$33.75M) to fund working capital, the ramp-up of the Bunker Hill Mine toward commercial production, exploration and general corporate needs.
• Investors should note potential dilution from outstanding and newly issued warrants and compensation options, and the company’s commitment to register resale of those securities in the U.S. soon after the offering.
• The 1-for-35 reverse split changes share counts and per‑share metrics (historical share/price figures are pre‑split unless stated otherwise) and may affect liquidity and trading comparables.