mrbubba, The problem with sitting at a computer and designing this equipment is that you rarely if ever get to see the finished product. I have never seen a piece of equipment I have designed actually do it’s job. Most of it leaves the country. I can tell nothing about throughput.
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I have some experience about jaw crushers at least. They are typically sized considerable more than 100 tons per hour for a typical stone/gravel quarry operation. (16 hour day for a 100 ton plant is only 6 tons per hour.) Since we are looking at most a 100 ton per day operation, unless it is literally considered a microcrusher(10 to 90 tons per hour), the crusher should be handle a lot more than 6 tons per hour. The follow-up cone crusher looks even larger. I believe the bottlenecks are elsewhere in the process.
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I’m fairly positive the ball mill is a Comesa which can process up to 50 tonnes an hour so, as you stated, the majority of Capex, if they ever decide to expand capacity will be on the floatation circuit.
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Dec. 12, 2025 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V:BNKR |OTCQB:BHLL) is pleased to announce that further to the news release dated October 27, 2025, the Company and its wholly-owned subsidiary Silver Valley Metals Corp. (“Silver Valley”) has closed its previously announced asset purchase with Silver Dollar Resources (Idaho) Inc., a subsidiary of Silver Dollar Resources Inc. (“Silver Dollar”), which includes the option to acquire up to a 100% interest in the Ranger-Page mineral interests, covering the sites of six past-producing underground high-grade silver-lead-zinc mines located immediately adjacent to and to the west of the Bunker Hill Mine (the “Bunker Hill Mine”) in the prolific Silver Valley mining district of Idaho, USA (the “Ranger-Page Project”), and a 75% interest in the Government Gulch property (the “Blackhawk Property”, together with the Ranger-Page Project the ”Acquired Properties”).
Dec. 12, 2025
11 min read
KELLOGG, Idaho and VANCOUVER, British Columbia, Dec. 12, 2025 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V:BNKR |OTCQB:BHLL) is pleased to announce that further to the news release dated October 27, 2025, the Company and its wholly-owned subsidiary Silver Valley Metals Corp. (“Silver Valley”) has closed its previously announced asset purchase with Silver Dollar Resources (Idaho) Inc., a subsidiary of Silver Dollar Resources Inc. (“Silver Dollar”), which includes the option to acquire up to a 100% interest in the Ranger-Page mineral interests, covering the sites of six past-producing underground high-grade silver-lead-zinc mines located immediately adjacent to and to the west of the Bunker Hill Mine (the “Bunker Hill Mine”) in the prolific Silver Valley mining district of Idaho, USA (the “Ranger-Page Project”), and a 75% interest in the Government Gulch property (the “Blackhawk Property”, together with the Ranger-Page Project the ”Acquired Properties”).
The acquisition consolidates one of the most historically productive areas of the Coeur d’Alene Mining District under Bunker Hill’s control, increasing the size of the Company’s mineral claim package by approximately 1,205 acres (4.8 km²). The asset acquisition also includes an extensive historical geological database. Contingent on exploration success, this could extend operational life at Bunker Hill, maximize economies of scale, and unlock additional local synergies.
Sam Ash, President and CEO of Bunker Hill, stated: “We are pleased to have completed the Ranger Page transaction, which consolidates a highly prospective land package adjacent to our existing geological and operational footprint. The project’s historical workings, established access, and favorable structural trends provide a compelling platform for systematic resource definition and future mine-planning optionality. This acquisition enhances our longer-term development pipeline while we remain fully focused on executing the restart of Bunker Hill and delivering first concentrate production.”
Transaction Summary
Under the terms of the asset purchase agreement (the “Initial Agreement”), Bunker Hill will acquire the Acquired Properties for total consideration of approximately US$2.4M, comprised of 23,333,334 shares of Bunker Hill’s common stock (the “Payment Shares”), subject to the below contractual escrow (the “Contractual Escrow Payment Schedule”).
Bunker Hill, Silver Valley, Silver Dollar and Silver Dollar Resources (Idaho) Inc. entered into the First Amending Agreement on November 14, 2025 (the “First Amending Agreement”) and the Second Amending Agreement on November 21, 2025 (the “Second Amending Agreement”, and together with the First Amending Agreement and the Initial Agreement, the “Agreement”), which clarify that Silver Valley will cause Bunker Hill to release the Payment Shares to Silver Dollar Resources (Idaho) Inc. in accordance with the Contractual Escrow Payment Schedule. The First Amending Agreement further allows Silver Dollar to transfer any portion of the Payment Shares to a limited number of third parties during the period of the contractual escrow, provided that: (i) any such transfer complies with applicable securities laws and the policies of the TSX Venture Exchange (“TSX-V”); (ii) such transfer qualifies for an exemption from any prospectus, registration, or similar filing or qualification requirements under applicable securities laws; and (iii) the Payment Shares so transferred remain subject to the terms and restrictions of the contractual escrow. The Second Amending Agreement also extended Bunker Hill and Silver Valley’s due diligence period to November 28, 2025, and extended the Termination Date (as defined in the Initial Agreement) of the Agreement to December 12, 2025.
The Payment Shares are subject to a six-month and one-day hold period from the date of issuance, and the Contractual Escrow Payment Schedule.
The transaction is arm’s length and no finder’s fee was paid by Bunker Hill in connection with the transaction. In connection with the transaction, the Company has acquired Silver Dollar’s position under an option agreement with Deadwood Land, LLC (“Deadwood”) and an option agreement with Blackhawk Exploration LLC (“Blackhawk”).
Option Agreement with Deadwood
Under the Agreement, the Company acquired Silver Dollar’s position as lessee with an option to purchase the mineral interests to certain claims from Deadwood (the “Deadwood Option”). There are no surface rights associated with the Deadwood Option, although the mineral interests to be conveyed are equal to 100% of the mineral interests held by Deadwood with rights to the surface as reasonably necessary to support mining operations. The Deadwood Option allows the parties to negotiate in good faith for the full acquisition of surface rights.
As of the date hereof, the Deadwood Option has not been exercised, and the title of the mineral interests remains with Deadwood. Silver Valley can exercise its rights under the Deadwood Option by payment to the lessor in the amount of $1,500,000 at any time before November 17, 2031.
Option Agreement with Blackhawk
Pursuant to the Agreement, the Company acquired Silver Dollar’s position in the joint venture and option agreement with Blackhawk (the “Blackhawk Option”). Silver Dollar has already acquired a 75% interest in the Blackhawk Property under the Blackhawk Option, which includes a combination of surface and mineral interests and mineral-only interests. The Company can acquire the remaining 25% interest pursuant to terms to be negotiated between the Company and Blackhawk before December 31, 2025. If the remaining 25% is not acquired, the Company will own the property pursuant to the terms of the joint venture agreement between the Company and Blackhawk (the “Joint Venture”).
Net Smelter Return Royalties
At this time, there are no recorded Net Smelter Return royalties (“NSR”) disclosed as exceptions to the title commitments for the parcels of land governed by the Deadwood Option or the Blackhawk Option.
If the Company does not purchase the remaining 25% interest in the Blackhawk Property pursuant to the Blackhawk Option, then the parties will be subject to the Joint Venture between Silver Valley, with a 75% interest, and Blackhawk, with a 25% interest. If one of the party’s interests in the Blackhawk Properties is reduced to less than 10%, then that party no longer has a participating interest in the Joint Venture but is entitled to a 2% NSR (the “JV NSR”). 1% of the JV NSR may be bought back, by the respective party, for US$1,000,000.
Upon exercise of the Blackhawk Option and pursuant to the obligations in the underlying asset purchase agreement which the Company is acquiring, the Company must issue a .5% NSR on the Blackhawk Property to the underlying vendors, and upon exercise of the Deadwood Option a 1.0% NSR on the Deadwood Property to the underlying vendors (0.5% of which can be bought down at any time by payment of US $500,000).
VRIFY AI-Enabled Exploration Intelligence Software
Bunker Hill further announces that it has partnered with VRIFY Technology Inc. (“VRIFY”) to employ its advanced artificial intelligence (“AI”) and associated machine learning technology to enhance the efficiency of ongoing exploration within the expanded Bunker Hill and Ranger-Page Project.
This collaboration marks an important step in Bunker Hill’s commitment to innovation and data-driven discovery. By combining decades of geological expertise with VRIFY’s powerful AI-assisted prospectivity mapping software, DORA, and wider exploration intelligence platform, Bunker Hill will leverage VRIFY’s proprietary software and AI to process extensive geological, geochemical, and geophysical datasets to uncover new patterns, refine exploration targets, and accelerate discovery in the world-class mineral district hosting the Bunker Hill Project and the recently acquired Ranger Page Project. Specifically, VRIFY’s DORA software has already been implemented to ingest and analyze robust project data, including:
- 57,356 drill and trench assays
- 1,689 United States Geological Survey (USGS) rock samples
- 151 USGS stream sediment samples
- 46 geophysics layers (including IP, airborne magnetics, and airborne gravity)
- 12 bands of Sentinel 2 imagery
- 111 additional feature-engineered data layers
- 46 stream sediment geochemical layers
- 18 rock geochemical layers
- 4 fault distance and fault disturbance maps
- 35 filter maps (Haralick and ResNet)
- 6 lineament density and complexity maps
Once combined with augmented layers, this unified technical data stack will provide the foundation for the Company to apply AI, using DORA’s proprietary Data Fusion Models, to meaningfully enhance project understanding.
“Integrating AI into our exploration toolkit represents an important step forward in our strategy to unlock the full potential of the Bunker Hill Mine responsibly,” said Sam Ash, President and CEO of Bunker Hill*. “Our partnership with VRIFY allows us to apply cutting-edge AI technology to our data-rich projects in globally recognized districts in the Silver Valley. This approach complements our disciplined exploration methods and strong technical team, positioning Bunker Hill among a select group of explorers pioneering AI-assisted mineral discovery.”*
With discovery rates declining over the past two decades and demand for copper, silver, and other critical minerals rising sharply, the mining industry faces an urgent need for innovation. Bunker Hill’s integration of AI into its exploration process represents a proactive strategy to harness its extensive geological and geophysical datasets, applying advanced algorithms and modules to optimize target prioritization and unlock additional value from its district-scale assets with the goal of accelerating the path from data to discovery.
Steve de Jong, CEO of VRIFY, commented: “DORA, a core product of VRIFY’s Exploration Intelligence Platform, ensures every piece of project data contributes to identifying areas of high-potential mineralization. What we consistently see is that exploration companies already hold tremendous value in their existing datasets; our data-driven software simply helps unlock it. With historic drilling, extensive geochemical surveys, and district-scale geophysical coverage, Bunker Hill’s projects are ideal candidates for our proprietary Data Fusion Models, which surface insights and uncover value that may otherwise remain hidden. By combining deep geological expertise with advanced software that reveals structural relationships and subtle patterns across massive datasets, we’re uncovering significant potential in collaboration with the Bunker Hill technical team. We’re excited to partner with Bunker Hill as one of the early adopters of our Exploration Intelligence Platform and to demonstrate what AI-assisted exploration can deliver.”
Bunker Hill will begin by using VRIFY’s prospectivity mapping software, DORA, to reveal promising new patterns across its extensive dataset while independently validating known mineralized trends. This AI analysis leverages both deposit-specific and custom models to identify correlations between mineralized zones and underlying datasets. Bunker Hill is using these insights to prioritize follow-up work on new, high-potential areas and to refine drill targets for upcoming programs.
About the Bunker Hill and Ranger Page Projects
At the flagship Bunker Hill Mine, where historical workings extend several thousand feet along strike and down dip within the Upper Revett formation, the VRIFY platform is expected to assist in refining near-mine and depth extensions of both tabular “Bluebird” style zones and steeper galena-quartz veins that have historically supported significant lead, zinc, and silver production. AI-assisted analysis will help prioritize drill targets in areas with limited modern exploration, with the goal of expanding resources to support the planned restart of operations.
At the Ranger-Page Project, a historic top 10 producer in the Silver Valley with past output of high-grade silver, lead, and zinc from six historic mines, VRIFY will be used to evaluate high-potential target areas along the Page vein system and associated structures that remain open at depth and along strike. The platform will also help interpret ground geophysics, soil geochemistry, and trenching results that have identified multiple targets away from historic workings, providing a systematic framework for ranking and sequencing future exploration programs.
By applying VRIFY’s AI-assisted workflows across a now-contiguous land position exceeding 6,200 acres, Bunker Hill aims to maximize the exploration potential of one of the most significant and most prospective holdings in the Silver Valley, while creating synergies for future mine planning and access between Bunker Hill and the Ranger-Page Project. The Company expects this integrated approach to accelerate target generation, improve drill efficiency, and support long-term optionality for additional mill feed and resource growth beyond the current restart plan.
Corporate Activities
Bunker Hill announced that its board of directors has approved an increase in the Company’s authorized shares of common stock (the “Authorized Share Increase”).
The Company’s board of directors and stockholders, representing 53.36% of the Company’s outstanding voting power, approved an amendment to the Company’s articles of incorporation reflecting the Authorized Share Increase. There were no votes against, abstentions, or broker non-votes as the actions were approved by written consent. The Authorized Share Increase has been approved by the TSX-V.
The Authorized Share Increase will increase the authorized shares of common stock of the Company from 2,500,000,000 to 3,500,000,000. The Authorized Share Increase will provide the Company with greater flexibility for future issuances of common stock.
Future Prospects
Leveraging modern analysis of historical data and five years of comprehensive geological work, including drilling, the company believes the Bunker Hill Mine is well-positioned to be redeveloped as a high-grade, long-life silver-zinc-lead operation.
The restart of operations remains on schedule for the first half of 2026, targeting an initial throughput of 1,800 tonnes per day (tpd), with sustainable free cash flow anticipated in the second half of 2026.
Ongoing exploration and metallurgical initiatives are focused on increasing the proportion of silver relative to zinc, supporting higher operating margins and enhanced cash generation over time.
In collaboration with the U.S. Export-Import Bank, the company is also advancing plans to expand production capacity to 2,500 tpd, further strengthening the project’s long-term value potential.
Gold still climbing….over $4.3k/oz. Nice time to start prodution! 
Audited f/s and MDMN share distribution are both a must or else the excitement of commencing the plant is going to be muted to a partial extent. Pay a few dollars and get MDMN up and trading for those that want to actually add to their positions. Baldy’s consistent heckling that noone is adding significantly to the investment (via AUMC) is annoying to say the least. The stock is extremely illiquid and not conducive to adding in large chunks.
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Financials will be a good step at the proper time, but trust me MC is not worried about any annoyance from BE, he is rightfully focused on getting this mine up and going. It’s HIS money that’s on the line too!
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Audited f/s are a very important step from an investor confidence perspective. The stock being tightly held by MC and his group is great in one respect, however a potential negative if they cant show definitively that everything is above board.
IMO, MC is controlling the AUMC stock by not allowing the conversion of MDMN shares into AUMC. He loves the fact that these (AUMC) shares are Virtually untradeable unless you want to buy a few shares (i.e. 2,787 avg vol/day, which would be ~ $2,500 or less) . He knows that after conversion there will be 16 Million shares that are tradeable, with Many wanting to recover Some of the thousands or Millions of $ lost on paper. As long as he keeps the tradeable shares to a minimum, then the price will keep rising, because there are almost NO shares available to buy.
I would like any of the people in contact with MC to get an honest answer from him as to why the years long delay, especially when they have multiple times told us the conversion is imminent.
Sorry to the long-timers, I know we HATE that word, used so many times to string us along.
WE DESERVE OUR SHARES ! WE DESERVE TO NOT BE STRINGED ALONG ANY MORE. YOU OWE US ! GIVE US OUR DUE.
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Could it be that there will be BUYERS for those shares? Right now, depending on what I see going forward, I actually HOPE it gets bid down to a desirable price - I just might hit it real good. I don’t speak for him, but I think MC will complete the conversion when it is good for HIM (and by definition us - and I think this is what you’re missing).
The conjecture that we are hearing is 2 fold.
1.)The regulatory authorities are causing the obstruction because of the shenanigans that played out with MDMN in the past.
2.) The debt on MDMN needs to be paid off first. If using a portion of Medinah’s assigned AUMC shares to pay off that debt, it makes sense to wait for much higher share prices in AUMC, so as to maximize the shares left to distribute. This maximizes the conversion ratio to MDMN shareholders. The debt could also be erased by paying it in cash, if AUMC issues a small dividend early on to get this accomplished.
I think MC considers this an MDMN problem, not an AUMC problem. Yes he has MDMN shares but this is not nearly as much on the forefront of his mind as it is for MDMN stuckholders. This doesn’t cause him anxiety like it does for us. Letting MDMN go grey was insensitive and inexcusable. Not a good look at all. If MC didn’t rescue this thing, yes we would all be screwed. So we owe him our gratitude for this, but don’t for one second think that he has not benefitted immensely from this arrangement. This wasn’t just some charity exercise for him.
Again my recommedation as always is to stay balanced between polar opposite perspectives. That usually guides you to the best grounded view of this. Give him his kudos where deserved and criticism where deserved as well.
And before any MC apologist comes chiming in that MDMN affairs are not his problem…..give me a freakin break with that nonsense before it even enters the conversation.
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To be a bit more specific, he ended up with 95% of the assets by “consolidating tenaments with little to no value along with those that are now the focus of mining.” Consider his 95% as sweat equity. I agree, the other outcome would have been a 100% loss so this is the better alternative but, if anyone is still pretending that they didn’t get runover in that intial transaction, its simply convenient denial. For those who have continued to add to shares in AUMC to cost average down (not many have given the lack of volume) or for those who received shares in AUMC for “services rendered” post the 100 for 1 stock split, there is still an opportunity to make some money here. However, if you’re just sitting with legacy CDCH shares you will need a 20-30 bagger from here to break even. This is not a contentious issue, just the facts/math. This is partly why I’ve been “annoyingly” pointing out that its a bit comical to read the overflowing bullish sentiment on this board while nobody, clearly, is putting any money behind this conviction. If the current cap of AUMC wasn’t so high (~$70M) I’d be looking to take a flyer but there are tons of other companies, at a similar market cap, that are a lot more advanced and without any debt. The next few months are going to be very interesting. Based on the pictures, they could be processing that stockpile made of gold as early as late Feb.
FWIW, I wouldn’t have any concerns about ultimately receiving shares of AUMC if you are a legacy MDMN shareholder. It will happen when there’s enough money to pay for the final transfer. The last time I spoke with MC he mentioned a cost of $250k. This is in addition to any outstanding debts. I can understand why they have not pursued as of yet. My bigger concern would be trying to navigate the MDMN cap structure. Yes, 16 million shares will be allocated but across 1 or 2 or 3 billion shares? Becoming delisted has made things exponentiall worse as 100’s of millions of shares have crossed in the gray market. It will be nearly impossible for each share of MDMN to properly price/value (price per shares) the 14-16 million shares of AUMC.
Doing it right is doable but it will take the better part of a year, year(s)? I would suggest they halt trading alltogether and then start the process of tallying shares through a proces similar to a proxy. After 6 or 9 months they can come up with a more accurate “shares of record” to which they can allocate pro-rated shares in AUMC as a share dividend. That process will layer on additional costs but is the cleanest solution. There’s no reason for MDMN to exist going forward.
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Hi JimmyP,
It’s unfortunate, but a lot of people are having a lot of anxiety regarding the allocation and distribution of Medinah’s 16.4 million shares of “AUMC”. I don’t pretend to know the behind the scene details, but I’ll throw out a few factoids that I’ve picked up over the years being active in the MARKET REFORM movement especially as it pertains to ABUSIVE NAKED SHORT SELLING (ANSS) FRAUDS and more recently “EPS” frauds.
Kevin made a recommendation to you after you brought up similar issues a while back. He said that if you want to get involved then contact Raul and inform him of your Federal Securities Law training and especially that regarding the State Securities Laws specifically Nevada’s “NEVADA REVISED STATUTES CHAPTER 78.250 OR NSR :78.250”. I’ll warn you up front that Auryn and Medinah are “Nevada domiciled” and the State of Nevada considers Auryn and Medinah to be “PRIVATE CORPORATIONS” that happen to be publicly-traded so don’t be alarmed when you go to NRS Chapter 78.250 and you see “PRIVATE CORPORATIONS”.
Medinah is working their way through an “ALLOCATION/DISTRIBUTION” process which securities lawyers familiar with this arena will tell you is a royal pain in the cazoo. The FEDS i.e. the SEC like things done their way and the State of Nevada likes things done their way.
Point #1: The SEC does not like the OTCMarkets (OTCQX, OTCQB, and PINKSheets) very much. They think that all U.S. corporations should be “FULLY REPORTING TO THE SEC” and all should be filing AUDITED FINANCIALS plus 10Ks, 10Qs, and 8Ks. Congress said, NO CAN DO, tiny corporations can’t afford all of this including things like Sarbanes Oxley. Congress said it would disrupt the “CAPITAL FORMATION” process. Congress thought it appropriate to let tiny corporations develop in an “incubator” like the OTCMarkets until they get their footing.
I don’t know this to be a fact, but I’m going to go way out on a limb and guess that the SEC, after the Les Price shenanigans 10 years ago, has Medinah on some kind of “probationary” list where everything is under a microscope. I don’t disagree with this approach.
Kevin commented once to us that this process is like going through a “minefield”. I asked Raul about that comment and he said “No kidding”. One thing you should know is that Raul is a very competent securities professional. I’ve seen the news media interview him before and he comes across very professional. He runs a “FAMILY OFFICE” which is kind of like a hedge fund for specific ultra-wealthy families.
I am told that if Auryn were “FULLY REPORTING” to the SEC, then things will go smoother. I personally don’t want Auryn to become fully reporting to the SEC until they have commissioned the ore processing facility and are making a bunch of money, which will be coming soon enough. Then I’d say go for it and get a new listing as high up as you can qualify. The NASDAQ has some interesting “junior divisions” nowadays.
I can’t impress upon you the insane COMPLEXITY involved in processes like this. There are a lot of balls up in the air at one time. For instance, The SEC has an administrative rule called Rule 144 under the 1933 Securities Act. It makes sure that Medinah can’t be accused of doing an improper “underwriting” when it does its thing. Rule 144 dictates when and how the holder of “RESTRICTED and/or CONTROL SECURITIES” can re-sell those securities once the RESTRICTIVE LEGEND is removed.
When a publicly traded U.S. corporation (like Medinah) owns over a 10% stake in another U.S. issuer (like Auryn) a whole new layer of complexity kicks in. You’ve seen how an investor like Eric Sprott always buys a 9.9% stake in the miners he invests in. This is why. Medinah, fortunately or unfortunately, owns 23.56% of Auryn’s shares. That puts them in this “no man’s land” as it were.
My guess (and it’s only a guess) is that there is a certain ORDER that things will play out in. First, you go into production and make a fortune with the metals prices where they’re at now. Second, you become fully reporting to the SEC and start filing AUDITED FINANCIALS. This may bring in some institutional investors that like the little guys where there is a lot of LEVERAGE.
Third, you get onto the loftiest exchange that you qualify for. This might open yourself up to more institutional players. KEEP IN MIND WHERE WE’RE AT CURRENTLY IN THE MINING SECTOR. EVERYBODY AND THEIR BROTHER ARE SITTING ON GAINS OF 200 TO 300% ON VARIOUS MINERS. MANY WANT TO INVEST IN “PRODUCERS” ONLY BECAUSE THEY HAVE “DIRECT” ACCESS TO THE INCREMENTAL ADVANCES IN THE METALS PRICES. MOST OF THE “PRODUCERS” HAVE ALREADY GONE UP 200 TO 300% EXCEPT FOR “ABOUT TO BECOME PRODUCERS” THAT NOBODY HAS EVER HEARD OF LIKE AURYN.
AURYN HAS BEEN “HIDING OUT” AMONGST 3,000 OTHER JUNIORS, 98% OF WHICH WILL NEVER GO INTO PRODUCTION LET ALONE GO INTO PRODUCTION WITH THEIR OWN ORE PROCESSING PLANT ON-SITE AND AT A TIME IN WHICH THE METALS THAT THEY’RE ABOUT TO SELL ARE TRADING AT ALL-TIME HIGHS. REMEMBER THAT IN THIS SECTOR, INCREMENTAL ADDITIONS TO THE PRICE OF GOLD TEND TO DROP STRAIGHT TO THE BOTTOM LINE.
FOR ALL INTENTS AND PURPOSES, NOBODY HAS EVER HEARD OF AURYN/MEDINAH. MAURIZIO INSISTS ON WRITING THE STORY BEFORE BLABBING ABOUT IT BUT MAKE NO MISTAKE “BLABBING TIME” IS NOT TOO FAR AWAY. MAURIZIO IS BY FAR AND AWAY THE LARGEST SHAREHOLDER IN MEDINAH. HE DOES NOT WANT TO SELL MANY OF MEDINAH’S “AUMC” SHARES IN ORDER TO RETIRE THEIR DEBT. FIRST YOU GO INTO HIGH-GRADE PRODUCTION, THEN YOU “BLAB”, THEN YOU RETIRE MEDINAH’S DEBT.
IN A MEDINAH-TYPE SCENARIO, OFTEN YOU WILL DO A “WIND UP” OR “WIND DOWN” AS PER NRS 78.250 AND YOU PUT THE MEDINAH CORPORATE VEHICLE OUT TO PASTURE. HERE COMES YET MORE COMPLEXITY, HOW IN THE HECK IS MEDINAH GOING TO LOCATE ALL OF THEIR SHAREHOLDERS THAT ARE HOLDING MEDINAH SHARES IN THEIR “SOCK DRAWER”. THE TRANSFER AGENT 15 YEARS AGO HAD A VALID ADDRESS WHEN HE MAILED OUT THOSE CERTIFICATES. SINCE THEN, MANY HAVE EITHER DIED OR MOVED ELSEWHERE. IF YOU DON’T “PROVE BENEFICIAL OWNERSHIP” OF YOUR MEDINAH SHARES, YOU’RE NOT GOING TO GET YOUR PRO-RATA SHARES OF “AUMC”.
MEDINAH IS NEVER GOING TO EMPTY THEIR CORPORATE COFFERS OF THEIR 16.4 MILLION “AUMC” SHARES. THIS MAKES ME THINK THAT YOU LET MEDINAH CONTINUE TO TRADE EVEN AFTER YOU ALLOCATE AND DISTRIBUTE AS MANY “AUMC” SHARES AS YOU CAN LOCATE THE OWNERS OF. I AM OF THE OPINION THAT AURYN IS GOING TO BE DISTRIBUTING CASH DIVIDENDS TO THE MEDINAH CORPORATE VEHICLE IN ADDITION TO THOSE OF US THAT WERE ABLE TO PROVE “BENEFICIAL OWNERSHIP”. MEDINAH COULD RE-DIVIDEND THAT CASH OUT TO THE MEDINAH SHAREHOLDERS WHICH IS ALL OF US. WE’LL ALSO EARN DIVIDENDS FROM OUR PRO RATA SHARES OF “AUMC” THAT WE WERE ALLOCATED.
NOTE THAT THERE IS A LOT OF CONJECTURE HERE. DON’T WORRY ABOUT SOMEBODY SOMEHOW CONFISCATING YOUR MEDINAH SHARES OR YOUR PRO RATA PERCENTAGE OF MEDINAH’S 16.4 MILLION “AUMC” SHARES. WHEN YOU DEAL WITH “THE GOVERNMENT” THINGS GET SCREWY. WHEN YOU SIMULTANEOUSLY DEAL WITH THE FEDERAL AND STATE GOVERNMENTS, THINGS CAN GET REALLY COMPLEX.
IF PUSH CAME TO SHOVE, AURYN COULD BUILD UP A BUNCH OF CASH AND BUY OUT MEDINAH VIA A TENDER OFFER. WE DON’T WANT THAT TO HAPPEN UNTIL AURYN MADE A FORTUNE IN EARNINGS AND THE “FAIR MARKET VALUE” OF A MEDINAH SHARE GOES WAY UP. AURYN COULD CANCEL THE 16.4 MILLION “AUMC” SHARES THEY BOUGHT DURING THE TENDER OFFER AND REDUCE THEIR TINY 70 MILLION SHARES ISSUED AND OUTSTANDING TO A MICROSCOPIC 54.6 MILLION SHARES MOST OF WHICH BELONG TO MAURIZIO AND ARE THEREFORE “RESTRICTED/CONTROL” SECURITIES.
RULE 144 HAS A WEIRD ONE-LINE RULE CONTAINED WITHIN IT. EVEN IF YOU GET THE RESTRICTIVE LEGEND REMOVED FROM “RESTRICTED/CONTROL” SECURITIES, WHEN YOU SELL THOSE SHARES, THE BUYER OF THOSE SHARES RECEIVES “RESTRICTED” SHARES THAT HE HAS TO DEAL WITH BY GETTING THE LEGEND REMOVED. HOW IN THE HECK WOULD THE BUYER OF “AUMC” SHARES SOLD IN THE MARKET BY ONE OF US, LEARN THAT WHAT HE PURCHASED IS OFFICIALLY “RESTRICTED” UNTIL HE JUMPS THROUGH A BUNCH OF HOOPS AND HURDLES. LIKE I SAID, IT’S COMPLEX. WHAT YOU NEED IS TO FIND A BUYER THAT DOESN’T MIND THAT WHAT HE IS PURCHASING IS “RESTRICTED”. IN A TENDER OFFER FOR MEDINAH’S SHARES, THE CORPORATION KNOWN AS AURYN DOESN’T CARE IF THEY ARE TECHNICALLY “RESTRICTED” THEY’RE GOING TO CANCEL THEM ANYWAYS.
BY NOW I’M SURE I’VE GIVEN YOU A HEADACHE. TAKE ONE ALEVE (220mg Naproxen Sodium) but only if you don’t have “PEPTIC ULCER DISEASE” OR SEVERE KIDNEY OR CARDIOVASCULAR DISEASE.
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Apologies for the late response. That was a lot to digest. I see their (BHLL) authorized share count is going up from 2.5 billion to 3.5 billion. Makes our 70 million look very small indeed. I think I’ll stay clear. Thanks for your time.
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Another possibility: A delisted private holding company can receive dividends from an active publicly traded parent company, provided the standard legal and financial conditions for dividend payments are met.
The status of the holding company as private and delisted does not inherently disqualify it from receiving dividends. The key factors are the corporate structure, ownership rules, and legal requirements, not public trading status.
Dividend Eligibility and Structure
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Ownership is the key: The holding company, as a shareholder of the parent company, retains its shareholder rights, including the right to receive dividends if declared by the parent’s board of directors. Delisting affects where shares are traded, not the underlying ownership or corporate existence.
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Corporate structure: This is an intercompany transaction within a larger corporate group. The delisted entity functions as a private subsidiary or affiliate (specifically, a holding company that holds shares) of the publicly traded parent.
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**Discretion of the Board:**The payment of dividends remains at the discretion of the publicly traded parent company’s board, based on the company’s profitability and financial health.
Regulatory and Tax Considerations
- No SEC reporting requirements for the private entity: As a private company, the holding company is no longer subject to the same strict SEC reporting requirements as a public entity, reducing administrative costs and regulatory scrutiny associated with public trading.
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Seems like a wise decision. Although, given that you can’t trade shares of MDMN its the only decision.
My little sleeper, AMNP, is up another 150% since this post and is now larger (valuation) vs. AUMC. Even with the pop in AUMC’s shares today…on 158 shares. AMNP is up a lot on the day as well but on somewhat decent volume. There’s simpy not enough information on the company to justify a large positiion but I’ll take it. The stock was trading a $0.007 in July (now at 10 cents). Yes, a $90M market cap seems a bit rich but I believe they are also looking to be in production in 2026. I’m not going to speculate, on this board, as to the merits of the investment but am simply bringing it up as MDMN’s share now exceeds $1M. Every bit counts!
Maurizio or whoever is on the board of directors of Medinah should get the stock trading again. Who made this decision to let the stock drift to hell? If they would have left the stock trade medianh would be trading at over .01 today and more….
3 Likes
All I want is a full explanation from the company as to why it was shut down without any notification to the shareholders and what the process will be to get our AUMC shares. That’s it! Not asking much. I’m sure once we hear all that from the horses mouth then we can go from there with our decisions.
2 Likes