v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 19,441,905 $ 3,786,277
Restricted cash (note 9) 2,975,000 4,475,000
Asset held for sale (note 6) 40,000
Accounts receivable and prepaid expenses (note 4) 538,197 690,358
Spare parts inventory 341,004 341,004
Total current assets 23,296,106 9,332,639
Non-current assets    
Long-term deposit (note 5, 7) 2,692,648 254,106
Equipment (note 5) 1,472,116 1,741,981
Right-of-use assets (note 5) 595,201 758,125
Land 309,861 309,861
Bunker Hill Mine and Mining interests (note 7) 25,395,877 18,795,591
Process plant (note 6) 97,197,185 66,409,247
Total assets 150,958,994 97,601,550
Current liabilities    
Accounts payable (note 18) 5,520,901 14,678,901
Accrued liabilities (note 18) 1,512,819 5,210,939
Current portion of lease liability (note 8) 82,569 189,368
Deferred share units liability (note 14) 1,487,800 929,466
U.S. Environmental Protection Agency cost recovery payable (note 9) 6,000,000 3,000,000
Silver Loan (note 10) 249,000
Stream debenture (note 10) 4,063,253
Interest payable (notes 9 and 10) 1,035,000 522,485
Current income tax payable (note 16) 950,000 1,050,000
Total current liabilities 16,838,089 29,644,412
Non-current liabilities    
Lease liability (note 8) 8,913 62,282
Series 1 convertible debenture (note 10) 4,241,610 5,494,151
Series 2 convertible debenture (note 10) 8,852,012 13,898,481
Series 3 convertible debenture (note 10) 2,522,709
Stream debenture (note 10) 52,923,747
Silver loan (note 10) 80,701,239 31,802,708
Debt facility (note 10) 14,393,945 9,236,610
Environment protection agency cost recovery liability net of discount (note 9) 4,314,544 5,549,229
Derivative warrant liability (note 11) 75,156,975 1,125,295
Total liabilities 207,030,036 149,736,915
Shareholders’ Deficiency    
Preferred shares, $0.000001 par value, 285,715 preferred shares authorized; Nil preferred shares issued and outstanding (note 11)
Common stock, $0.000001 par value, 100,000,000 and 71,428,572 shares of common stock authorized; 39,834,023 and 9,991,391 shares of common stock issued and outstanding, respectively (note 11) 1,392 348
Additional paid-in-capital (note 11) 147,707,228 61,233,369
Accumulated other comprehensive (income) loss (280,926) (3,002,361)
Accumulated deficit (203,498,736) (110,366,721)
Total shareholders’ deficiency (56,071,042) (52,135,365)
Total shareholders’ deficiency and liabilities $ 150,958,994 $ 97,601,550