Bunker Hill Mining Corp., (
TSX-V:
BNKR) (
OTCQB: BHHL) (“
Bunker
Hill” or the “
Company”) is pleased to
announce that it was awarded the ESG Developer/Explorer of the Year
Award at Mines and Money’s ‘Resourcing Tomorrow’ Investment
Conference in London on 30 Nov 2023.
“This special award not only recognizes the careful, thoughtful
and imaginative work done by the whole Bunker Hill Team,” said Sam
Ash, Bunker Hill’s CEO, “but also the awesome responsibility that
is bestowed on all involved in the careful business of regenerating
old mine sites to help de-risk the American critical metals supply
chain”.
BUNKER HILL ESG AND SUSTAINABILITY VISION
Inspired by those that deliver, promote, and
educate industry best practice, the Company is expecting to restart
safe, sustainable, and profitable mining at Bunker Hill in ways
that enhance the quality of the environment during and after the
conduct of active operations.
Working as one team, the Company seeks to
balance the relentless but safe pursuit of the highest long-term
financial returns from investment in mining operations with a
deep-rooted commitment to delivering a positive legacy.
Working with our many partners and the applicable regulators,
this not only involves responsible stewardship of every aspect of
the physical environment, the forward-looking development of our
diverse human resources, but also a deliberate effort to deliver
positive and self-sustaining socio-economic impact to the local
community.
THE ESG AWARD
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Executive Chairman Richard Williams and
Caroline Donnally of Sprott Streaming and
Resources Business receiving the ESG Developer/Explorer of the Year
Award at the Conference Dinner in London, UK. |
Bunker Hill’s General Manager Tom Francis,
Environmental Manager Morgan Hill and Survey
Technician Karen Ryan holding the award next to
the water discharge monitoring station in the Kellogg Tunnel
entrance. |
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The ESG award (a replica of a 19th Century Welsh Coal Mining
Lamp) sits in the office of Morgan Hill, Bunker’s
site-based Environment Manager and Women in Mining (USA) Rep. - a
proud former graduate of Wallace High School and the University of
Idaho (B.S Chemistry). She is also a granddaughter of a former
Bunker Hill miner.
THE ESG-FOCUSED BUNKER HILL FUTURE – IT’S ABOUT MUCH
MORE THAN MINING
The Company has developed a number of plans
(illustrated above) expected to enable both the optimal
sustainability but also the maximum positive impact in the
community over the long term. These will each be further developed
and executed in a prioritized sequence after mining operations have
been restarted; and funded via the selective reinvestment of
operating cash flow and 3rd party partnership funding/support.
As with mining operations, so it will be with
impact and sustainability projects, the Company will start small
and then expand over time. This will be a transformational journey
conducted at a sustainable and affordable pace.
QUALIFIED PERSON
Mr. Scott E. Wilson, CPG, President of RDA, and
a consultant to the Company, is an independent “qualified person”
as defined by National Instrument 43-101 – Standards of Disclosure
for Mineral Projects (“NI 43-101”) and is acting as the qualified
person for the Company. He has reviewed and approved the technical
information summarized in this news release.
The Qualified Person has verified the
information disclosed herein, including the sampling, preparation,
security, and analytical procedures underlying such information,
and is not aware of any significant risks and uncertainties that
could be expected to affect the reliability or confidence in the
information discussed herein.
ABOUT BUNKER HILL MINING
CORP.
Under new Idaho-based leadership, Bunker Hill
Mining Corp. intends to sustainably restart and develop the Bunker
Hill Mine as the first step in consolidating a portfolio of North
American mining assets with a focus on silver and critical metals.
Information about the Company is available on its website,
www.bunkerhillmining.com, or within the SEDAR+ and EDGAR
databases.
For additional information
contact:
Corporate Secretary+1 208 370
3665ir@bunkerhillmining.com
Cautionary Statements
The TSX Venture Exchange (the “TSX-V”) has
neither approved nor disapproved the contents of this news release.
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this 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 Securities Act of 1933, as amended, and
Section 21E of the 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”, or “plan” or variations of such
words and phrases. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties, and
other factors involved with forward-looking statements could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking statements.
Forward looking statements in this news release
includes, but are not limited to: the Company’s intentions
regarding its objectives, goals or future plans and statements,
including the restart of the Bunker Hill Mine and the timing,
budget, profitability and long-term sustainability of mining
operations; operational objectives associated with the expected
restart of active mining operations, including local,
socio-economic and environmental benefits, and the Company
developing and executing further development plans; revenue
potential opportunities from mining and the sale of ore; increases
in cash flow; and the Company’s seeking other value-creating
opportunities to restart mining operations at the Bunker Hill Mine,
including third-party partnerships and funding. Factors that could
cause actual results to differ materially from such forward-looking
statements include, but are not limited to: the Company’s ability
to raise sufficient capital on acceptable terms for the restart and
develop the Bunker Hill Mine or to fund ongoing operations; capital
market conditions, restriction on labor and international travel
and supply chains; failure to identify mineral resources; failure
to convert estimated mineral resources to reserves; the inability
to complete a feasibility study which recommends a production
decision; the preliminary nature of metallurgical test results; 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; 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; capital, operating and reclamation
costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry; and
those risks set out in the Company’s public documents filed on
SEDAR+. 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 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. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, 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.
Cautionary Note to United States
Investors Concerning Estimates of Measured, Indicated and Inferred
Resources
This news release has been prepared in
accordance with the requirements of the securities laws in effect
in Canada, which differ from the requirements of U.S. securities
laws. Unless otherwise indicated, all resource and reserve
estimates included in this news release have been disclosed in
accordance with NI 43-101 and the Canadian Institute of Mining,
Metallurgy, and Petroleum (“CIM”) Definition Standards on Mineral
Resources and Mineral Reserves. NI 43-101 is a rule developed by
the Canadian Securities Administrators which establishes standards
for all public disclosure an issuer makes of scientific and
technical information concerning mineral projects. The terms
“mineral reserve,” “proven mineral reserve” and “probable mineral
reserve” are Canadian mining terms as defined in accordance with NI
43-101 and the CIM standards. Pursuant to subpart 1300 of
Regulation S-K (“S-K 1300”), the U.S. Securities and Exchange
Commission (the “SEC”) now recognizes estimates of “measured
mineral resources,” “indicated mineral resources” and “inferred
mineral resources.” In addition, the SEC has amended its
definitions of “proven mineral reserves” and “probable mineral
reserves” to be substantially similar to the corresponding
standards of the CIM. Investors are cautioned that while terms are
substantially similar to CIM standards, there are differences in
the definitions and standards under S-K 1300 and the CIM standards.
Accordingly, there is no assurance any mineral reserves or mineral
resources that the Company may report as “proven reserves,”
“probable reserves,” “measured mineral resources,” “indicated
mineral resources” and “inferred mineral resources” under NI 43-101
will be the same as the reserve or resource estimates prepared
under the standards adopted under S-K 1300. Investors are also
cautioned that while the SEC now recognizes “measured mineral
resources,” “indicated mineral resources” and “inferred mineral
resources,” investors should not assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. Mineralization described using these terms has a great
amount of uncertainty as to their existence, and great uncertainty
as to their economic and legal feasibility. It cannot be assumed
that all or any part of an “measured mineral resource,” “indicated
mineral resource” or “inferred mineral resource” will ever be
upgraded to a higher category. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or
pre-feasibility studies, except in rare cases. Investors are
cautioned not to assume that all or any part of an inferred mineral
resource exists or is economically or legally mineable. Disclosure
of “contained ounces” in a resource is permitted disclosure under
Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute
“reserves” by SEC standards as in place tonnage and grade without
reference to unit measures. Accordingly, information concerning
mineral deposits contained in this news release may not be
comparable with information made public by companies that report in
accordance with U.S. standards.
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