Bunker Hill Mining Announces Intent to List on the TSX-Venture Exchange
11 Noviembre 2020 - 6:00AM
Bunker Hill Mining Corporation (the
“
Company”) (CSE: BNKR) is pleased to report that
it has applied to list its shares on the TSX Venture Exchange
(“TSX-V”) as a Tier 1 issuer.
Sam Ash, CEO of Bunker Hill Mining, stated: “We
believe that a TSX Venture listing will provide us with improved
access to capital markets as we focus on generating shareholder
value by unlocking the high-grade silver potential of the Bunker
Hill mine. We look forward to enhancing our capital markets profile
by increasing our investor relations efforts and achieving our
strategic objectives”.
In addition to exploring several high-grade
silver targets within the upper areas of the mine and optimizing
its water management system, the Company continues to review the
mine’s infrastructure and resources in order to determine the
optimum restart option.
Further updates will be provided as available.
The listing application is subject to review by the TSX-V and
satisfaction of applicable listing requirements.
About Bunker Hill Mining
Corp.
Bunker Hill Mining Corp. has an option to
acquire 100% of all saleable assets at the Bunker Hill Mine. Led by
a new Board and Management Team, the Company is currently exploring
the mine with a view to enabling a restart of mining operations,
focused upon the highest-grade silver resources and the application
of the most modern and sustainable operational practices.
Information about the Company is available on its website,
www.bunkerhillmining.com, or within the SEDAR and EDGAR
databases.
For additional information contact:
Sam Ash, President and Chief Executive Officer+1
208 786 6999sa@bunkerhillmining.com
Cautionary Statements
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.
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”. 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 information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company’s intentions regarding
its objectives, goals or future plans and statements. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to: the
ability to satisfy the listing requirements of the TSX-V; the
ability to predict and counteract the effects of COVID-19 on the
business of the Company, including but not limited to the effects
of COVID-19 on the price of commodities, capital market conditions,
restriction on labour 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; 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 information 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
information, 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 press 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 press release have been disclosed in
accordance with NI 43-101 and the Canadian Institute of Mining,
Metallurgy, and Petroleum 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. Canadian disclosure
standards, including NI 43-101, differ significantly from the
requirements of the United States Securities and Exchange
Commission (“SEC”), and resource and reserve information contained
in this press release may not be comparable to similar information
disclosed by U.S. companies. In particular, and without limiting
the generality of the foregoing, the term “resource” does not
equate to the term “reserves”. Under U.S. standards, mineralization
may not be classified as a “reserve” unless the determination has
been made that the mineralization could be economically and legally
produced or extracted at the time the reserve determination is
made. The SEC’s disclosure standards normally do not permit the
inclusion of information concerning “measured mineral resources”,
“indicated mineral resources” or “inferred mineral resources” or
other descriptions of the amount of mineralization in mineral
deposits that do not constitute “reserves” by U.S. standards in
documents filed with the SEC. Investors are cautioned not to assume
that any part or all of mineral deposits in these categories will
ever be converted into reserves. U.S. investors should also
understand that “inferred mineral resources” have 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 “inferred mineral resource” will ever be upgraded to
a higher category. 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.
The requirements of NI 43-101 for disclosure of “reserves” are also
not the same as those of the SEC, and reserves disclosed by the
Company in accordance with NI 43-101 may not qualify as “reserves”
under SEC standards. Accordingly, information concerning mineral
deposits contained in our website may not be comparable with
information made public by companies that report in accordance with
U.S. standards.
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