Under the terms of the Arrangement Agreement, Silver47 shareholders will receive 0.1724 shares of common stock in Bunker Hill in exchange for each Silver47 common share. Upon completion of the transaction, existing Bunker Hill shareholders and Silver47 shareholders are expected to own approximately 57% and 43% of the outstanding Bunker Hill shares, respectively. 

The transaction will combine the operational Bunker Hill Mine located in the Silver Valley of Idaho with Silver47’s silver-focused U.S. exploration and development pipeline in Alaska, Nevada and New Mexico. 

A press release announcing the transaction is available here.

Bunker Hill Mining Corp. is a U.S.-based mining company focused on building a modern, long-life mining operation at its flagship Bunker Hill Mine in northern Idaho’s prolific Silver Valley. 

Silver47 Exploration Corp. is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. 

The King & Spalding Corporate team advising Bunker Hill in the transaction includes Dan Giemajner, Rob Leclerc, Matt Hartsuyker and Jarrod Hall.