Bunker Hill Mining Corp. Reports 2026 Annual Meeting Results; Approves Equity Plans

What Happened

• Bunker Hill Mining Corp. announced results of its June 11, 2026 annual meeting in Kellogg, Idaho. Shareholders approved amendments to the Restricted Stock Unit (RSU) Plan and Stock Option Plan, elected the board slate, ratified MNP LLC as auditor, and approved a non-binding advisory vote on executive compensation.
• As of the May 6, 2026 record date there were 46,685,293 shares outstanding and 10,915,589 shares were represented at the meeting. The Amended RSU Plan increases the share pool from 2,648,555 to 3,501,396 shares (7.5% of outstanding as of April 28, 2026). Key vote tallies: RSU Plan 8,330,041 for / 94,018 against; Option Plan 8,297,476 for / 116,421 against; auditors ratified 10,881,025 for; advisory say-on-pay 8,354,720 for. All nominated directors were elected (each received ~8.41M votes for and ~2.48M broker non-votes).

Key Details

• RSU pool increased to 3,501,396 shares, representing 7.5% of issued and outstanding shares as of April 28, 2026.
• Insider issuance cap under the Amended RSU Plan set at 10% of issued/ outstanding shares in any 12-month period (measured at grant date).
• Amended Option Plan requires option exercise price to be at least the TSX closing price on the date of grant and removes certain investor-relations/consultant vesting restrictions.
• Company completed administrative and compliance changes reflecting its graduation from the TSX Venture Exchange to the Toronto Stock Exchange.

Why It Matters

• The plan amendments expand the company’s ability to grant stock-based compensation (potential dilution up to the newly authorized levels) and align plan terms with TSX rules following its graduation from TSX‑V. Investors should note the increased RSU pool and the 10% insider issuance limit when assessing potential dilution.
• Linking option exercise prices to the TSX closing price sets a clear floor for grants, while removal of certain vesting restrictions may change timing of future stock-based expense and employee/consultant incentives.
• Re-election of the board and ratification of the auditor provide continuity in governance and financial oversight; the advisory approval of executive pay indicates majority shareholder support for current compensation disclosures.