Bunker Hill Mining Corp. has completed its acquisition of Silver47 Exploration Corp. through a court-approved plan of arrangement, according to a Form 8-K filed with the SEC. The transaction, originally agreed upon on August 20, 2026, closed on November 6, 2026. As a result, Silver47 has become a wholly owned subsidiary of Bunker Hill.
Under the terms of the arrangement, former Silver47 shareholders received 0.1724 shares of Bunker Hill common stock for each Silver47 share held. Bunker Hill issued approximately 36,325,517 shares in exchange for the Silver47 shares. Additionally, outstanding Silver47 options and warrants were exchanged for replacement options and warrants to acquire Bunker Hill shares, with the number of shares and exercise prices adjusted according to the exchange ratio.
The combined company intends to change its name to Bunker Hill Silver Corp. and will continue to be listed on the Toronto Stock Exchange. The transaction was approved by the Supreme Court of British Columbia, which declared the substantive and procedural fairness of the plan of arrangement.
Following the closing, Bunker Hill’s board of directors was expanded from five to seven members, with the appointment of Gary Thompson and Galen McNamara. Galen McNamara was also appointed as President and Chief Investment Officer. The company’s operational headquarters will remain in the Silver Valley of Idaho.
