What changed in this filing

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Item 1. Legal Proceedings

2022-05-16 compared with 2021-11-15 · 32 added, 27 removed, 10 unchanged (86% of the section changed)

Legal Proceedings

than as described below, neither the Company nor its property is the subject of any current, pending, or threatened legal proceedings.

3 unchanged sentences

adverse to the Company or any of its subsidiaries.

or about June 14, 2021, a lawsuit was filed in the US District Court for the District of Idaho brought by a purported personal representative

of the estate of a minority shareholder of Placer Mining.

The named defendants include Placer Mining, certain of Placer Mining’s

shareholders, the Company, and certain of the Company’s shareholders.

The lawsuit alleges that Placer Mining entered into a series

of transactions, including amendments to the Company’s lease with Placer Mining, in breach of an agreement dated August 31, 2018

which allegedly restricted the sale of shares in Placer Mining by certain shareholders.

In August 2021, the Company and

other defendants filed motions to dismiss and agreed that Placer Mining should be dismissed for lack of jurisdiction.

The Company, as well as other named defendants, filed replies in support of the motions to dismiss and argued that Placer Mining is

an indispensable party and with dismissal of Placer Mining the lawsuit should be dismissed.

The US District Court has not yet ruled on

the motions to dismiss, but the Company believes the motion to dismiss will be granted and the lawsuit dismissed.

July 28, 2021, a lawsuit was filed in the US District Court for the District of Idaho brought by Crescent Mining, LLC (“Crescent”).

1 unchanged sentence

The lawsuit alleges that Placer Mining and Robert Hopper

intentionally flooded the Crescent Mine during the period from 1991 and 1994, and that the Company is jointly and severally liable

with the other defendants for unspecified past and future costs associated with the presence of AMD in the Crescent Mine.

The plaintiff

has requested unspecified damages.

On September 20, 2021, the Company filed a motion to dismiss Crescent’s claims against it,

contending that such claims are facially deficient.

On October 26, 2021, the Company asserted claims against Crescent in a separate

lawsuit, Bunker Hill Mining Corporation v.

Venzee Technologies Inc.

intentionally flooded the Crescent Mine during the period from 1991 and 1994, and that the Company is jointly and severally

liable with the other defendants for unspecified past and future costs associated with the presence of AMD in the Crescent Mine.

plaintiff has requested unspecified damages.

On September 20, 2021, the Company filed a motion to dismiss Crescent’s claims against

it, contending that such claims are facially deficient.

On March 2, 2022, Chief US District Court Judge, David C.

in part and denied in part the Company’s motion to dismiss.

The court granted the Company’s motion to dismiss Crescent’s

Cost Recovery claim under CERCLA Section 107(a), Declaratory Judgment, Tortious Interference, Trespass, Nuisance and Negligence claims.

These claims were dismissed without prejudice.

The court denied the motion to dismiss filed by Placer Mining Corp.

for Crescent’s

trespass, nuisance and negligence claims.

Crescent later filed it amended complaint on April 1, 2022.

Placer Mining

and Bunker Hill Mining Corp are named as co-defendants.

Bunker Hill and Placer have until May 20, 2022 to respond to the amended

The Company believes Crescent Mining LLC’s lawsuit against Placer Mining Corp.

is without merit

and intends to defend Placer Mining Corp.

vigorously pursuant to the Company’s indemnification of Placer Mining Corp

in the Sale and Purchase agreement executed between the companies for the Mine on December 15, 2021.

On October 26,

2021, the Company asserted claims against Crescent in a separate lawsuit.

Bunker Hill Mining Corporation v.

Venzee Technologies

et al, Case No.

2:21-cv-209-REP, filed in the same court on May 14, 2021.

While the Company is not able to predict the

outcome of these matters, it does not currently believe that they will result in material liability to the Company.

1A - Risk Factors of the Company’s report filed on Form 10-KT for the six months ended December 31, 2020 sets forth

information relating to important risks and uncertainties that could materially adversely affect the Company’s business, financial

condition or operating results.

The Company has subsequently executed a tolling agreement

with Venzee in exchange for dropping its lawsuit.

The Company originally filed this lawsuit on May 14, 2021 against other parties

but has since filed an amended complaint to include its claims against Crescent.

have been no changes to our risk factors as reported in our annual report on Form 10-K for the year ended December 31, 2021.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Legal Proceedings