Current Report · Items 2.03, 9.01 · 8-K
BUNKER HILL MINING CORP
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Ocean Partners Facility Draw On September 16, 2026, the Company drew US$4.0 million under its Prepayment Agreement (the “ Prepayment Agreement ”) by and among the Company, SV Borrower and Ocean Partners UK Limited (“ Ocean Partners ”) pursuant to which Ocean Partners agreed…
Filed Sep 18, 2026Accepted Sep 18, 2026, 4:15 PM EDTCIK 1407583Accession 0001493152-26-043349
Company context
We were incorporated for the purpose of mineral exploration at the Bunker Hill Mine. We have moved into the development stage concurrent with (i) purchasing the mine and a process plant, (ii) completing successive technical and economic studies, including a Prefeasibility Study, (iii) delineating mineral reserves, and (iv) advancing the construction of the facilities. Subject to securing additional financing discussed in Item 7, “Subsequent Events” operations are planned to commence in mid-2026.
Current securities
Historical securities (12)
BHLLOTC · EQUITY · Historical · closed May 23, 2019BHLLOTC · EQUITY · Historical · closed Mar 6, 2026BHLLOTC · EQUITY · Historical · closed May 23, 2019BHLLDOTC · EQUITY · Historical · closed Jun 20, 2019BHLLDOTC · EQUITY · Historical · closed Apr 6, 2026BHLLDOTC · EQUITY · Historical · closed Jun 20, 2019BHLLDOTC · EQUITY · Historical · closed Jun 20, 2019BHLLFOTC · EQUITY · Historical · closed Apr 7, 2026BNKRCSE · EQUITY · Historical · closed Sep 7, 2023LBSVOTC · EQUITY · Historical · closed Feb 2, 2015LBSVOTC · EQUITY · Historical · closed Dec 1, 2017LBSVDOTC · EQUITY · Historical · closed Mar 2, 2015 Disclosure sections
Items 2.03, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Ocean
Partners Facility Draw
On
September 16, 2026, the Company drew US$4.0 million under its Prepayment Agreement (the “ Prepayment Agreement ”) by
and among the Company, SV Borrower and Ocean Partners UK Limited (“ Ocean Partners ”) pursuant to which Ocean Partners
agreed to provide the Company with a concentrate prepayment facility of up to US$10.0 million (the “ Ocean Partners Facility ”).
This is the second draw under the Ocean Partners Facility bringing the outstanding principal to US$8.0 million. The proceeds from the
drawdown will be used for working capital at the Bunker Hill Mine in Idaho.
As
previously disclosed in the Company’s Form 8-K as filed on August 25, 2026, the amounts outstanding under the Ocean Partners Facility
bear interest at a rate equal to 7.0% per annum plus the three-month secured overnight financing rate as published by the CME Group,
representing the forward-looking cost of borrowing cash overnight collateralized by U.S. Treasury securities, as determined based on
actual transactions in the repurchase agreement market. Interest accrues daily and is payable monthly in arrears on the first business
day of the next month. During an event of default, the applicable interest rate increases by an additional 3.0% per annum computed on
the basis of a 360 day year. Interest is payable at the option of the Borrower by either (i) setoff against any payments owed against
concentrates or (ii) in cash.
The
foregoing description of the material terms of the Ocean Partners Facility is qualified in its entirety by reference to the Prepayment
Agreement, dated August 20, 2026, which was filed as Exhibit 10.1 to the Company’s Form 8-K filed with the Securities and Exchange
Commission on August 25, 2026 and the description of the Ocean Partners Facility contained in the Company’s Form 8-K as filed on
August 25, 2026, which is incorporated herein by reference.
