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2076624

14806090

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1. Nature and continuance of operations and going concern Bunker Hill Mining Corp. (the “Company”) was incorporated under the laws of the state of Nevada, U.S.A on February 20, 2007 under the name Lincoln Mining Corp. Pursuant to a Certificate of Amendment dated February 11, 2010, the Company changed its name to Liberty Silver Corp., and on September 29, 2017 the Company changed its name to Bunker Hill Mining Corp. The Company’s registered office is located at 1802 N. Carson Street, Suite 212, Carson City Nevada 89701, and its head office is located at 82 Richmond Street East, Toronto, Ontario, Canada, M5C 1P1. As of the date of this Form 10-KT, the Company had one subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.), an Idaho corporation created to facilitate the work being conducted at the Bunker Hill Mine in Idaho. The Company was incorporated for the purpose of engaging in mineral exploration activities. It continues to work at developing its project with a view towards putting it into production. These consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $66,088,873 and further losses are anticipated in the development of its business. The Company does not have sufficient working capital needed to meet its current fiscal obligations and commitments. In order to continue to meet its fiscal obligations in the current fiscal year and beyond, the Company must seek additional financing. This raises substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets and debt financing. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of reserves. These financial statements of the Company for the six months ended December 31, 2020 were approved and authorized for issue by the Board of Directors of the Company on March 30, 2021. The Company’s operations could be significantly adversely affected by the effects of a widespread global outbreak of epidemics, pandemics, or other health crises, including the recent outbreak of respiratory illness caused by the novel coronavirus (“COVID-19”). The Company cannot accurately predict the impact COVID-19 will have on its operations and the ability of others to meet their obligations with the Company, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

2007-02-20

-66088873

2. Basis of presentation The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises. The consolidated financial statements are expressed in U.S. dollars, the functional currency. In February 2021, the Company changed its fiscal year from June 30 to December 31. As a result, the Company is reporting financial information for the transition period from July 1, 2020 to December 31, 2020. Subsequent to the transition period, the Company will cover the period beginning January 1 and ending December 31, which will be the Company’s fiscal year. See note 18 for unaudited comparative period information.

3. Significant accounting policies The following is a summary of significant accounting policies used in the preparation of these consolidated financial statements. Basis of consolidation These consolidated financial statements include the assets, liabilities and expenses of the Company and its wholly owned subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.). All intercompany transactions and balances have been eliminated on consolidation. Cash and cash equivalents Cash and cash equivalents may include highly liquid investments with original maturities of three months or less. Mineral rights, property and acquisition costs The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. The Company capitalizes acquisition and option costs of mineral rights as intangible assets when there is sufficient evidence to support probability of generating positive economic returns in the future. Upon commencement of commercial production, the mineral rights will be amortized using the unit-of-production method over the life of the mineral rights. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. The costs of acquiring mining properties are capitalized upon acquisition. Mine development costs incurred to develop and expand the capacity of mines, or to develop mine areas in advance of production, are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current exploration or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates the carrying value of capitalized mining costs and related property and equipment costs, to determine if these costs are in excess of their recoverable amount whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Evaluation of the carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (FASB ASC) 360-10-35, Impairment or Disposal of Long-Lived Assets. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued) Equipment Equipment is stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which range from 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income or gain (expense or loss). The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of equipment or whether the remaining balance of the equipment should be evaluated for possible impairment. If events and circumstances warrant evaluation, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the equipment in measuring their recoverability. Leases Operating lease right of use (“ROU”) assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. The Company is required to make additional payments for certain variable costs. These costs are expensed and included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. Rental income obtained through subleases is recorded as income over the lease term and is offset against operation and administration expenses. Impairment of long-lived assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under FASB ASC 360, Property, Plant and Equipment, if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis is performed using the rules of FASB ASC 930-360-35, Extractive Activities - Mining, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. Various factors could impact the Company’s ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued) Fair value of financial instruments The Company adopted FASB ASC 820-10, Fair Value Measurement. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.</td></tr> </table> The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, accounts receivable excluding HST, accounts payable, accrued liabilities, interest payable, convertible loan payable, promissory notes payable, lease liability, and other liabilities, all of which qualify as financial instruments, are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and current market rate of interest. The Company measured its DSU liability at fair value on recurring basis using level 1 inputs and derivative warrant liabilities at fair value on recurring basis using level 3 inputs. Environmental expenditures The operations of the Company have been, and may in the future be, affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company’s policy is to meet, or if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures. Environmental expenditures that relate to ongoing environmental and reclamation programs are expensed as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. No costs have been recognized by the Company for environmental expenditures. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued) Income taxes The Company accounts for income taxes in accordance with Accounting Standard Codification 740, Income Taxes (“FASB ASC 740”), on a tax jurisdictional basis. The Company files income tax returns in the United States. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the tax bases of assets and liabilities and the consolidated financial statements reported amounts using enacted tax rates and laws in effect in the year in which the differences are expected to reverse. A valuation allowance is provided against deferred tax assets when it is determined to be more likely than not that the deferred tax asset will not be realized. The Company assesses the likelihood of the consolidated financial statements effect of a tax position that should be recognized when it is more likely than not that the position will be sustained upon examination by a taxing authority based on the technical merits of the tax position, circumstances, and information available as of the reporting date. The Company is subject to examination by taxing authorities in jurisdictions such as the United States. Management does not believe that there are any uncertain tax positions that would result in an asset or liability for taxes being recognized in the accompanying consolidated financial statements. The Company recognizes tax-related interest and penalties, if any, as a component of income tax expense. FSAB ASC 740 prescribes recognition threshold and measurement attributes for the consolidated financial statements recognition and measurement of a tax position taken, or expected to be taken, in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in periods, disclosure and transition. At December 31, 2020 and June 30, 2020, the Company has not taken any tax positions that would require disclosure under FASB ASC 740. Basic and diluted net loss per share The Company computes net loss per share in accordance with FASB ASC 260, Earnings per Share (“FASB ASC 260”). Under the provisions of FASB ASC 260, basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible loan payable. As of December 31, 2020, <span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200701__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">8,015,159 stock options, <span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200701__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--WarrantsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">95,777,806 warrants, and <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200701__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--BrokerOptionsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">3,239,907 broker options were considered in the calculation but not included, as they were anti-dilutive (June 30, 2020 - <span id="xdx_906_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190701__20200630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">7,580,159 stock options, <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190701__20200630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--WarrantsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">37,844,404 warrants, and <span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_dxL_c20190701__20200630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--BrokerOptionsMember_zeYJ8cByECN5" title="Anti-dilutive securities excluded from earnings per share::XDX::-">nil broker options). Stock-based compensation In December 2004, FASB issued FASB ASC 718, Compensation – Stock Compensation (“FASB ASC 718”), which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The Company accounts for stock-based compensation arrangements with non-employees in accordance with ASU 505-50, Equity-Based Payments to Non-Employees, which requires that such equity instruments are recorded at the value on the grant date based on fair value of the equity or goods and services whichever is more reliable. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued) Restricted share units (“RSUs”) The Company estimates the grant date fair value of RSUs using the Company’s common shares at the grant date. The Company records the value of the RSUs in paid-in capital. Deferred share units (“DSUs”) The Company estimates the grant date fair value of the DSUs using the trading price of the Company’s common shares on the day of grant. The Company records the value of the DSUs owing to its directors as DSU liability and measures the DSU liability at fair value at each reporting date, with changes in fair value recognized as stock-based compensation in profit (loss). Use of estimates and assumptions Many of the amounts included in the consolidated financial statements require management to make judgments and/or estimates. These judgments and estimates are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the consolidated financial statements. Areas of significant judgment and estimates affecting the amounts recognized in the consolidated financial statements include: Going concern The assessment of the Company’s ability to continue as a going concern involves judgment regarding future funding available for its operations and working capital requirements as discussed in note 1. Accrued liabilities The Company has to make estimates to accrue for certain expenditures due to delay in receipt of third party vendor invoices. These accruals are made based on trends, history and knowledge of activities. Actual results may be different. Convertible loans, promissory notes and warrants Estimating the fair value of derivative warrant liability and conversion feature derivative liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the warrants and conversion feature derivative liability, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value of warrants and conversion feature derivative liability are disclosed in notes 7, 8 and 10. The fair value estimates may differ from actual fair values and these differences may be significant and could have a material impact on the Company’s balance sheets and the consolidated statements of operations. Assets are reviewed for an indication of impairment at each reporting date. This determination requires significant judgment. Factors that could trigger an impairment review include, but are not limited to, significant negative industry or economic trends, interruptions in exploration activities or a significant drop in precious metal prices. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued) Concentrations of credit risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. Risks and uncertainties The Company operates in the mineralized material exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a mineralized material exploration business, including the potential risk of business failure. Foreign currency transactions The Company from time to time will receive invoices from service providers that are presenting their invoices using the Canadian dollar. The Company will use its U.S. dollars to settle the Canadian dollar liabilities and any differences resulting from the exchange transaction are reported as gain or loss on foreign exchange. Segment reporting FASB ASC 280-10, Disclosures about Segments of an Enterprise and Related Information, establishes standards for the way that public business enterprises report information about operating segments in the Company’s consolidated financial statements. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company has one operating segment and reporting unit. The Company operates in one reportable business segment and is organized and operated as one business. Management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate. Convertible loans and promissory notes payable The Company reviews the terms of its convertible loans and promissory notes payable to determine whether there are embedded derivatives, including the embedded conversion option, that are required to be bifurcated and accounted for as individual derivative financial instruments. In circumstances where the convertible debt or the promissory note contains embedded derivatives that are to be separated from the host contracts, the total proceeds received are first allocated to the fair value of the derivative financial instruments determined using the binomial model. The remaining proceeds, if any, are then allocated to the debenture cost contracts, usually resulting in those instruments being recorded at a discount from their principal amount. This discount is accreted over the expected life of the instruments to profit (loss) using the effective interest method. The debenture host contracts are subsequently recorded at amortized cost at each reporting date, using the effective interest method. The embedded derivatives are subsequently recorded at fair value at each reporting date, with changes in fair value recognized in profit (loss). The Company presents its embedded derivatives and related debenture host contracts as separate instruments on the consolidated balance sheets. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

Basis of consolidation These consolidated financial statements include the assets, liabilities and expenses of the Company and its wholly owned subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.). All intercompany transactions and balances have been eliminated on consolidation.

Cash and cash equivalents Cash and cash equivalents may include highly liquid investments with original maturities of three months or less.

Mineral rights, property and acquisition costs The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. The Company capitalizes acquisition and option costs of mineral rights as intangible assets when there is sufficient evidence to support probability of generating positive economic returns in the future. Upon commencement of commercial production, the mineral rights will be amortized using the unit-of-production method over the life of the mineral rights. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. The costs of acquiring mining properties are capitalized upon acquisition. Mine development costs incurred to develop and expand the capacity of mines, or to develop mine areas in advance of production, are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current exploration or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates the carrying value of capitalized mining costs and related property and equipment costs, to determine if these costs are in excess of their recoverable amount whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Evaluation of the carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (FASB ASC) 360-10-35, Impairment or Disposal of Long-Lived Assets. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued)

Equipment Equipment is stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which range from 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income or gain (expense or loss). The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of equipment or whether the remaining balance of the equipment should be evaluated for possible impairment. If events and circumstances warrant evaluation, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the equipment in measuring their recoverability.

P3Y

P10Y

Leases Operating lease right of use (“ROU”) assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. The Company is required to make additional payments for certain variable costs. These costs are expensed and included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. Rental income obtained through subleases is recorded as income over the lease term and is offset against operation and administration expenses.

Impairment of long-lived assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under FASB ASC 360, Property, Plant and Equipment, if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis is performed using the rules of FASB ASC 930-360-35, Extractive Activities - Mining, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. Various factors could impact the Company’s ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued)

Fair value of financial instruments The Company adopted FASB ASC 820-10, Fair Value Measurement. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.</td></tr> </table> The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, accounts receivable excluding HST, accounts payable, accrued liabilities, interest payable, convertible loan payable, promissory notes payable, lease liability, and other liabilities, all of which qualify as financial instruments, are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and current market rate of interest. The Company measured its DSU liability at fair value on recurring basis using level 1 inputs and derivative warrant liabilities at fair value on recurring basis using level 3 inputs.

Environmental expenditures The operations of the Company have been, and may in the future be, affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company’s policy is to meet, or if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures. Environmental expenditures that relate to ongoing environmental and reclamation programs are expensed as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. No costs have been recognized by the Company for environmental expenditures. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued)

Income taxes The Company accounts for income taxes in accordance with Accounting Standard Codification 740, Income Taxes (“FASB ASC 740”), on a tax jurisdictional basis. The Company files income tax returns in the United States. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the tax bases of assets and liabilities and the consolidated financial statements reported amounts using enacted tax rates and laws in effect in the year in which the differences are expected to reverse. A valuation allowance is provided against deferred tax assets when it is determined to be more likely than not that the deferred tax asset will not be realized. The Company assesses the likelihood of the consolidated financial statements effect of a tax position that should be recognized when it is more likely than not that the position will be sustained upon examination by a taxing authority based on the technical merits of the tax position, circumstances, and information available as of the reporting date. The Company is subject to examination by taxing authorities in jurisdictions such as the United States. Management does not believe that there are any uncertain tax positions that would result in an asset or liability for taxes being recognized in the accompanying consolidated financial statements. The Company recognizes tax-related interest and penalties, if any, as a component of income tax expense. FSAB ASC 740 prescribes recognition threshold and measurement attributes for the consolidated financial statements recognition and measurement of a tax position taken, or expected to be taken, in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in periods, disclosure and transition. At December 31, 2020 and June 30, 2020, the Company has not taken any tax positions that would require disclosure under FASB ASC 740.

Basic and diluted net loss per share The Company computes net loss per share in accordance with FASB ASC 260, Earnings per Share (“FASB ASC 260”). Under the provisions of FASB ASC 260, basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible loan payable. As of December 31, 2020, <span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200701__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">8,015,159 stock options, <span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200701__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--WarrantsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">95,777,806 warrants, and <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200701__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--BrokerOptionsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">3,239,907 broker options were considered in the calculation but not included, as they were anti-dilutive (June 30, 2020 - <span id="xdx_906_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190701__20200630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--StockOptionsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">7,580,159 stock options, <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190701__20200630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--WarrantsMember_pdd" title="Anti-dilutive securities excluded from earnings per share">37,844,404 warrants, and <span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_dxL_c20190701__20200630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--BrokerOptionsMember_zeYJ8cByECN5" title="Anti-dilutive securities excluded from earnings per share::XDX::-">nil broker options).

8015159

95777806

3239907

7580159

37844404

Stock-based compensation In December 2004, FASB issued FASB ASC 718, Compensation – Stock Compensation (“FASB ASC 718”), which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The Company accounts for stock-based compensation arrangements with non-employees in accordance with ASU 505-50, Equity-Based Payments to Non-Employees, which requires that such equity instruments are recorded at the value on the grant date based on fair value of the equity or goods and services whichever is more reliable. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued)

Restricted share units (“RSUs”) The Company estimates the grant date fair value of RSUs using the Company’s common shares at the grant date. The Company records the value of the RSUs in paid-in capital.

Deferred share units (“DSUs”) The Company estimates the grant date fair value of the DSUs using the trading price of the Company’s common shares on the day of grant. The Company records the value of the DSUs owing to its directors as DSU liability and measures the DSU liability at fair value at each reporting date, with changes in fair value recognized as stock-based compensation in profit (loss).

Use of estimates and assumptions Many of the amounts included in the consolidated financial statements require management to make judgments and/or estimates. These judgments and estimates are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the consolidated financial statements. Areas of significant judgment and estimates affecting the amounts recognized in the consolidated financial statements include: Going concern The assessment of the Company’s ability to continue as a going concern involves judgment regarding future funding available for its operations and working capital requirements as discussed in note 1. Accrued liabilities The Company has to make estimates to accrue for certain expenditures due to delay in receipt of third party vendor invoices. These accruals are made based on trends, history and knowledge of activities. Actual results may be different. Convertible loans, promissory notes and warrants Estimating the fair value of derivative warrant liability and conversion feature derivative liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the warrants and conversion feature derivative liability, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value of warrants and conversion feature derivative liability are disclosed in notes 7, 8 and 10. The fair value estimates may differ from actual fair values and these differences may be significant and could have a material impact on the Company’s balance sheets and the consolidated statements of operations. Assets are reviewed for an indication of impairment at each reporting date. This determination requires significant judgment. Factors that could trigger an impairment review include, but are not limited to, significant negative industry or economic trends, interruptions in exploration activities or a significant drop in precious metal prices. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 3. Significant accounting policies (continued)

Concentrations of credit risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.

Risks and uncertainties The Company operates in the mineralized material exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a mineralized material exploration business, including the potential risk of business failure.

Foreign currency transactions The Company from time to time will receive invoices from service providers that are presenting their invoices using the Canadian dollar. The Company will use its U.S. dollars to settle the Canadian dollar liabilities and any differences resulting from the exchange transaction are reported as gain or loss on foreign exchange.

Segment reporting FASB ASC 280-10, Disclosures about Segments of an Enterprise and Related Information, establishes standards for the way that public business enterprises report information about operating segments in the Company’s consolidated financial statements. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company has one operating segment and reporting unit. The Company operates in one reportable business segment and is organized and operated as one business. Management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate.

Convertible loans and promissory notes payable The Company reviews the terms of its convertible loans and promissory notes payable to determine whether there are embedded derivatives, including the embedded conversion option, that are required to be bifurcated and accounted for as individual derivative financial instruments. In circumstances where the convertible debt or the promissory note contains embedded derivatives that are to be separated from the host contracts, the total proceeds received are first allocated to the fair value of the derivative financial instruments determined using the binomial model. The remaining proceeds, if any, are then allocated to the debenture cost contracts, usually resulting in those instruments being recorded at a discount from their principal amount. This discount is accreted over the expected life of the instruments to profit (loss) using the effective interest method. The debenture host contracts are subsequently recorded at amortized cost at each reporting date, using the effective interest method. The embedded derivatives are subsequently recorded at fair value at each reporting date, with changes in fair value recognized in profit (loss). The Company presents its embedded derivatives and related debenture host contracts as separate instruments on the consolidated balance sheets. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

4. Equipment Equipment consists of the following: Schedule of Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20201231_zVap5QSoEFpa" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20200630_zbdCBYkHo8T7" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr id="xdx_400_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember_zto1gLaaSyf8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Equipment</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">509,279</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">228,578</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_maPPAENzruB_zBXj5FCD0tob" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Equipment, gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">509,279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">228,578</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_msPPAENzruB_z7uZfmCwVcS9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify">Less accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(73,552</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(20,768</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pp0p0_mtPPAENzruB_z3dX74JoQhkg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: justify">Equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">435,727</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">207,810</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The total depreciation expense during the six months ended December 31, 2020 was $52,784 (years ended June 30, 2020 and 2019 - $17,577 and $9,897, respectively).

Equipment consists of the following: Schedule of Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20201231_zVap5QSoEFpa" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20200630_zbdCBYkHo8T7" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr id="xdx_400_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember_zto1gLaaSyf8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Equipment</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">509,279</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">228,578</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_maPPAENzruB_zBXj5FCD0tob" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Equipment, gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">509,279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">228,578</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_msPPAENzruB_z7uZfmCwVcS9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify">Less accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(73,552</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(20,768</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pp0p0_mtPPAENzruB_z3dX74JoQhkg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: justify">Equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">435,727</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">207,810</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

509279

228578

509279

228578

73552

20768

435727

207810

52784

17577

9897

5. Right-of-use asset Right-of-use asset consists of the following: Schedule of Right-of-Use Asset <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20201231_zqtYjoHjukl2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20200630_zcGnhU0h06Ib" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr id="xdx_406_ecustom--OperatingLeaseOfficeLease_iI_pp0p0_maOLROUz5Pc_zp8X7EYJrAB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Office lease</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">319,133</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">319,133</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OperatingLeaseAccumulatedDepreciation_iNI_pp0p0_di_msOLROUz5Pc_zvY0RuGPEar3" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Less accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(160,402</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(106,378</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseRightOfUseAsset_iTI_pp0p0_mtOLROUz5Pc_zzlpsFDUhe72" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Right-of-use asset, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">158,731</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">212,755</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The total depreciation expense during the six months ended December 31, 2020 was $54,024 (years ended June 30, 2020 and 2019 - $106,378 and $nil, respectively). Right-of-use asset consists of the following: Schedule of Right-of-Use Asset <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20201231_zqtYjoHjukl2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20200630_zcGnhU0h06Ib" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr id="xdx_406_ecustom--OperatingLeaseOfficeLease_iI_pp0p0_maOLROUz5Pc_zp8X7EYJrAB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Office lease</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">319,133</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">319,133</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OperatingLeaseAccumulatedDepreciation_iNI_pp0p0_di_msOLROUz5Pc_zvY0RuGPEar3" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Less accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(160,402</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(106,378</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseRightOfUseAsset_iTI_pp0p0_mtOLROUz5Pc_zzlpsFDUhe72" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Right-of-use asset, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">158,731</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">212,755</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 319133 319133 160402 106378

158731

212755

54024

106378

6. Mining interests Bunker Hill Mine Complex On November 27, 2016, the Company entered into a non-binding letter of intent with Placer Mining Corp. (“Placer Mining”), which letter of intent was further amended on March 29, 2017, to acquire the Bunker Hill Mine in Idaho and its associated milling facility located in Kellogg, Idaho, in the Coeur d’Alene Basin (as amended, the “Letter of Intent”). Pursuant to the terms and conditions of the Letter of Intent, the acquisition, which was subject to due diligence, would include all mining claims, surface rights, fee parcels, mineral interests, existing infrastructure, machinery and buildings at the Kellogg Tunnel portal in Milo Gulch, or anywhere underground at the Bunker Hill Mine Complex. The acquisition would also include all current and historic data relating to the Bunker Hill Mine Complex, such as drill logs, reports, maps, and similar information located at the mine site or any other location. During the year ended June 30, 2017, the Company made payments totaling $300,000 as part of this Letter of Intent. These amounts were initially capitalized and subsequently written off during fiscal 2018 and were included in exploration expenses. On August 28, 2017, the Company announced that it signed a definitive agreement (the “Agreement”) for the lease and option to purchase the Bunker Hill Mine assets (the “Bunker Assets”). <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 6. Mining interests (continued) Bunker Hill Mine Complex (continued) Under the terms of the Agreement, the Company was required to make a $<span id="xdx_906_ecustom--BonusPaymentForMiningAssets_pp0p0_c20171030__20171031__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zYRSiuOcTPni" title="Bonus payment for mining assets">1,000,000 bonus payment to Placer Mining no later than October 31, 2017, which payment was made, along with two additional $<span id="xdx_90E_ecustom--BonusPaymentForMiningAssets_pp0p0_c20171201__20171231__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zxIPlvfw0AJa" title="Bonus payment for mining assets">500,000 bonus payments in December 2017. <span id="xdx_907_eus-gaap--LesseeOperatingLeaseDescription_c20190701__20200630__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember" title="Lease term description">The 24-month lease commenced November 1, 2017. During the term of the lease, the Company was to make $<span id="xdx_90A_eus-gaap--OperatingLeasePayments_c20171030__20171031__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Mining lease payments">100,000 monthly mining lease payments, paid quarterly. The Company had an option to purchase the Bunker Assets at any time before the end of the lease and any extension for a purchase price of $<span id="xdx_904_ecustom--OptionToPurchaseLeaseAssetPrice_c20190701__20200630__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option to purchase lease asset price">45,000,000 with purchase price payments to be made over a <span id="xdx_903_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dxL_c20200630__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zVC88PHlaBpa" title="Lease term::XDX::P10Y">ten-year period to Placer Mining. Under the terms of the agreement, there is a <span id="xdx_90A_ecustom--RoyaltyPercentageOfNetSmelterReturnOnSales_c20190701__20200630__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pdd" title="Royalty percentage of net smelter return on sales">3% net smelter return royalty (“NSR”) on sales during the lease and a <span id="xdx_909_ecustom--RoyaltyPercentageOfNetSmelterReturnAfterPurchaseOption_c20190701__20200630__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pdd" title="Royalty percentage of net smelter return after purchase option">1.5% NSR on the sales after the purchase option is exercised, which post-acquisition NSR is capped at $<span id="xdx_90D_ecustom--PostacquisitionOfNetSmelterReturnCost_pp0p0_c20190701__20200630__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zd0TKMfeSsU2" title="Post-acquisition of net smelter return cost">60,000,000. On October 2, 2018, the Company announced that it was in default of the Agreement. The default arose as a result of missed lease and operating cost payments, totaling $<span id="xdx_903_eus-gaap--OperatingLeasePayments_c20181001__20181002__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Mining lease payments">400,000, which were due at the end of September and on October 1, 2018. As per the Agreement, the Company had 15 days, from the date notice of default was provided (September 28, 2018), to remediate the default by making the outstanding payment. While management worked with urgency to resolve this matter, management was ultimately unsuccessful in remedying the default, resulting in the Agreement being terminated. On November 13, 2018, the Company announced that it was successful in renewing the Agreement, effectively with the original Agreement intact, except that monthly payments were reduced to $<span id="xdx_90C_ecustom--ReducationOfMonthlyLeasePayments_c20181113__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Reducation of monthly lease payments">60,000 per month for 12 months, with the accumulated reduction in payments of $<span id="xdx_907_ecustom--AccumulatedReductionOfLeasePayments_c20181113__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Accumulated reduction of lease payments">140,000 per month (“deferred payments”) being accrued. As at December 31, 2020, the Company has accrued for a total of $<span id="xdx_904_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0_d0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zFOmGCxqPV74">nil (June 30, 2020 - $<span id="xdx_903_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_c20200630__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Accrued expenses">1,847,300), which is included in accounts payable. These deferred payments will be waived should the Company choose to exercise its option. On November 1, 2019, the Agreement was amended (the “Amended Agreement”). The key terms of the Amended Agreement are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The lease period was extended for an additional period of nine months to August 1, 2020, with <span id="xdx_90C_eus-gaap--LesseeOperatingLeaseOptionToExtend_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember" title="Option to extend lease period">the option to extend for a further six months based upon payment of a one time $<span id="xdx_907_eus-gaap--PaymentsToAcquireMiningAssets_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Payments to acquire mining interest">60,000 extension fee (extended); </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company will make monthly care and maintenance payments to Placer Mining of $<span id="xdx_90E_eus-gaap--OperatingLeasePayments_pp0p0_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zhdaMapxOAYd" title="Mining lease payments">60,000 until exercising the option to purchase; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The purchase price is set at $<span id="xdx_902_ecustom--OptionToPurchaseLeaseAssetPrice_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option to purchase lease asset price">11,000,000 for <span id="xdx_908_ecustom--RoyaltyPercentageOfNetSmelterReturnOnSales_pid_dp_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zhYQbXnzj9ea" title="Royalty percentage of net smelter return on sales">100% of the Bunker Assets to be paid with $<span id="xdx_909_ecustom--OptionToPurchaseLeaseAssetPrice_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember__us-gaap--AwardTypeAxis__custom--BunkerAssetsToBePaidInCashMember_pp0p0" title="Option to purchase lease asset price">6,200,000 in cash, and $<span id="xdx_906_ecustom--OptionToPurchaseLeaseAssetPrice_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember__us-gaap--AwardTypeAxis__custom--BunkerAssetsToBePaidInSharesMember_pp0p0" title="Option to purchase lease asset price">4,800,000 in common shares. The purchase price also includes the negotiable United States Environmental Protection Agency (“EPA”) costs of $<span id="xdx_90F_ecustom--OptionToPurchaseLeaseAssetPrice_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--EnvironmentalProtectionAgencyMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option to purchase lease asset price">20,000,000. The Amended Agreement provides for the elimination of all royalty payments that were to be paid to the mine owner. Upon signing the Amended Agreement, the Company paid a one-time, non-refundable cash payment of $<span id="xdx_902_eus-gaap--PaymentsForParticipationLiabilities_pp0p0_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zer9e0Qfi8wf" title="Cash payment">300,000 to the mine owner. This payment will be applied to the purchase price upon execution of the purchase option. In the event the Company elects not to exercise the purchase option, the payment shall be treated as an additional care and maintenance payment.</td></tr> </table> On July 27, 2020, the Company extended <span id="xdx_904_eus-gaap--LesseeOperatingLeaseOptionToExtend_c20200726__20200727__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember" title="Option to extend lease period">the lease with Placer Mining for a further 18 months for a $<span id="xdx_902_eus-gaap--OperatingLeasePayments_pp0p0_c20200726__20200727__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_z2jNSnjfMd3i" title="Mining lease payments">150,000 extension fee. This extension expires on August 1, 2022. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 6. Mining interests (continued) Bunker Hill Mine Complex (continued) On November 20, 2020, the Company signed a further amendment to the Amended Agreement. Under the terms of this amendment: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_90F_eus-gaap--LesseeOperatingLeaseDescription_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember" title="Lease term description">The Company will continue to make monthly care and maintenance payments to Placer Mining of $<span id="xdx_905_eus-gaap--PaymentsToAcquireMiningAssets_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Payments to acquire mining interest">60,000 until exercising the option to purchase;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The purchase price was reduced to $<span id="xdx_901_eus-gaap--BusinessCombinationConsiderationTransferred1_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Purchases price consideration">7,700,000 in cash, with $<span id="xdx_90D_eus-gaap--PaymentsToAcquireBusinessesGross_c20201110__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Payable in cash">5,700,000 payable in cash (with an aggregate of $<span id="xdx_903_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_c20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Aggregate in amount">300,000 to be credited toward the purchase price of the Bunker Assets as having been previously paid by the Company and an aggregate of $<span id="xdx_90E_eus-gaap--PaymentsToAcquireBusinessesGross_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Payable in cash">5,400,000 payable in cash outstanding) and $<span id="xdx_906_eus-gaap--BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Consideration shares">2,000,000 in common shares. The reference price for the payment in common shares will be based on the common share price of the last equity raise before the option is exercised;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company’s contingent obligation to settle $<span id="xdx_907_eus-gaap--CommitmentsAndContingencies_iI_pp0p0_c20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zAhW7F4ibrhi" title="Contingent obligation">1,787,300 of accrued payments due to Placer Mining has been waived. As a result, the Company recorded a gain on settlement of accounts payable of $<span id="xdx_90C_ecustom--GainOnSettlementOfAccountsPayable_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Gain on settlement of accounts payable">1,787,300; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company is to make an advance payment of $2,000,000 (paid) to Placer Mining which shall be credited toward the purchase price if and when the Company elects to exercise its purchase right. In the event that the Company irrevocably elects not to exercise its purchase right, the advance payment of $<span id="xdx_909_ecustom--AdvancePayment_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Advance payment">2,000,000 will be repaid to the Company within twelve months from the date of such election. This payment had the effect of decreasing the remaining amount payable to purchase the Bunker Assets to an aggregate of $<span id="xdx_908_eus-gaap--PaymentsToAcquireBusinessesGross_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Payable in cash">3,400,000 payable in cash and $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Number shares issued of common shares">2,000,000 in common shares of the Company.</td></tr> </table> In addition to the payments to Placer Mining, and pursuant to an agreement with the EPA whereby for so long as Bunker leases, owns and/or occupies the Bunker Hill Mine, the Company will make payments to the EPA on behalf of the current owner in satisfaction of the EPA’s claim for cost recovery. These payments, if all are made, will total $<span id="xdx_906_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_pp0p0" title="Lease liability payments due">20,000,000. The agreement calls for payments starting with $<span id="xdx_90F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--ThirtyDaysAfterAFullyRatifiedAgreementMember_pp0p0" title="Lease liability payments due">1,000,000 30 days after a fully ratified agreement was signed followed by a payment schedule detailed below: Schedule of Payments for Mining <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Date</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Action</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%; text-align: justify">Within 30 days of the effective date</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember_zm3kTZRSyBVe" style="width: 14%; text-align: right" title="Lease liability payments due">1,000,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td id="xdx_986_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember_zR4Vz70NP6Db" style="width: 25%; text-align: center" title="Lease liability payment action">Paid</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2018</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember_zQJde6deFgYb" style="text-align: right" title="Lease liability payments due">2,000,000</td><td style="text-align: left"> </td><td> </td> <td id="xdx_988_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember" style="text-align: center" title="Lease liability payment action">Not paid</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 1, 2019</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember_zWBmYGN2mUAk" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td id="xdx_98C_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember" style="text-align: center" title="Lease liability payment action">Not paid</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2020</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember_zPL8UiptRnUj" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td id="xdx_981_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember" style="text-align: center" title="Lease liability payment action">Not paid</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 1, 2021</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyOneMember_z9UT8hgM6FCf" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2022</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyTwoMember_zJcW9f5RlTRk" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 1, 2023</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyThreeMember_zoICFsUk6vA3" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyFourMember_pp0p0" style="text-align: right" title="Lease liability payments due">2,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> </table> In addition to these cost recovery payments, the Company is to make semi-annual payments of $<span id="xdx_90E_ecustom--SemiannualLeasePayments_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--JuneOneandDecemberOneOfEachYearMember_pp0p0" title="Semi-annual lease payments">480,000 on June 1 and December 1 of each year, to cover the EPA’s costs of operating and maintaining the water treatment facility that treats the water being discharged from the Bunker Hill Mine. The Company also has received invoices from the EPA for additional water treatment charges for the periods from December 2017 to October 2019.  A total of $<span id="xdx_906_eus-gaap--OperatingLeaseLeaseIncomeLeasePayments_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--DecemberTwoThousandSeventeenToOctoberTwoThousandNineteenMember_pp0p0" title="Outstanding payment">2,309,388 was outstanding as at December 31, 2020 (June 30, 2020 and 2019 - $<span id="xdx_90F_eus-gaap--OperatingLeaseLeaseIncomeLeasePayments_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--DecemberTwoThousandSeventeenToOctoberTwoThousandNineteenMember_pp0p0" title="Outstanding payment">2,309,388 and <span id="xdx_906_eus-gaap--OperatingLeaseLeaseIncomeLeasePayments_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--DecemberTwoThousandSeventeenToOctoberTwoThousandNineteenMember_pp0p0" title="Outstanding payment">1,209,530, respectively). The Company, having requested and subsequently received supporting detail from the EPA began, in late September 2020, the process of reconciling and reviewing these invoices. The unpaid EPA balance is subject to interest at the rate specified for interest on investments of the EPA Hazardous Substance Superfund. As at December 31, 2020, the interest accrued on the unpaid EPA balance is $<span id="xdx_90A_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_z6UuSh4OvW7k" title="Accrued expenses">162,540 (June 30, 2020 - $<span id="xdx_909_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0_c20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zJJLpMTzqC7i" title="Accrued expenses">89,180). As of December 31, 2020, the Company has accrued an estimate for additional water treatment charges based on 2018 and 2019 invoices received from the EPA, for a total of an additional annual accrual of $640,000. The Company has included all unpaid and accrued EPA payments and accrued interest in accounts payable and accrued liabilities amounting to $<span id="xdx_90D_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_pp0p0" title="Accounts payable and accrued liabilities">11,298,594 (June 30, 2020 - $<span id="xdx_90F_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_c20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_pp0p0" title="Accounts payable and accrued liabilities">11,096,542). <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

300000

1000000 500000

The 24-month lease commenced November 1, 2017

100000

45000000 3 1.5 60000000

400000

60000 140000

1847300

the option to extend for a further six months based upon payment of a one time $60,000 extension fee

60000

11000000 1 6200000 4800000 20000000

300000

the lease with Placer Mining for a further 18 months for a $150,000 extension fee

150000

The Company will continue to make monthly care and maintenance payments to Placer Mining of $60,000 until exercising the option to purchase

60000

7700000

5700000

300000

5400000

2000000

1787300

1787300 2000000

3400000

2000000

20000000

1000000

Schedule of Payments for Mining <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Date</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Action</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 55%; text-align: justify">Within 30 days of the effective date</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember_zm3kTZRSyBVe" style="width: 14%; text-align: right" title="Lease liability payments due">1,000,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td id="xdx_986_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember_zR4Vz70NP6Db" style="width: 25%; text-align: center" title="Lease liability payment action">Paid</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2018</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember_zQJde6deFgYb" style="text-align: right" title="Lease liability payments due">2,000,000</td><td style="text-align: left"> </td><td> </td> <td id="xdx_988_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember" style="text-align: center" title="Lease liability payment action">Not paid</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 1, 2019</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember_zWBmYGN2mUAk" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td id="xdx_98C_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember" style="text-align: center" title="Lease liability payment action">Not paid</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2020</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember_zPL8UiptRnUj" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td id="xdx_981_ecustom--LeaseLiabilityPaymentAction_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember" style="text-align: center" title="Lease liability payment action">Not paid</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 1, 2021</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyOneMember_z9UT8hgM6FCf" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2022</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyTwoMember_zJcW9f5RlTRk" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 1, 2023</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyThreeMember_zoICFsUk6vA3" style="text-align: right" title="Lease liability payments due">3,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 1, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyFourMember_pp0p0" style="text-align: right" title="Lease liability payments due">2,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> </table>

1000000

Paid

2000000

Not paid

3000000

Not paid

3000000

Not paid

3000000

2000000

480000

2309388

1209530

162540

89180

640000

11298594

11096542

7. Convertible loan payable On June 13, 2018, the Company entered into a loan and warrant agreement with Hummingbird Resources PLC (“Hummingbird”), an arm’s length investor, for an unsecured convertible loan in the aggregate sum of $<span id="xdx_905_eus-gaap--UnsecuredDebt_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_pp0p0" title="Unsecured convertible loans payable">1,500,000, bearing interest at <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zCL2DlVbhOO4" title="Loan interest rate">10% per annum, maturing in <span id="xdx_90E_eus-gaap--DebtInstrumentTerm_dc_c20180612__20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zUv2LOLIbmi5">one year. Contemporaneously, the Company agreed to issue <span id="xdx_903_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_pdd" title="Warrants to purchase shares">229,464 share purchase warrants, entitling the lender to acquire <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20180612__20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_pdd" title="Number of shares acquired">229,464 common shares of the Company, at a price of C$<span id="xdx_90D_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Warrants exercise price">8.50 per common share, for two years. Under the terms of the loan agreement, the lender may, at any time prior to maturity, convert any or all of the principal amount of the loan and accrued interest thereon, into common shares of the Company at a price per share equal to C$<span id="xdx_90B_eus-gaap--DebtInstrumentConvertibleConversionPrice1_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Conversion price per share">8.50. <span id="xdx_901_eus-gaap--DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault_c20180612__20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zYU720QYvEq8" title="Event of default description">In the event that a notice of conversion would result in the lender holding 10% or more of the Company’s issued and outstanding shares, then, in the alternative, and under certain circumstances, the Company would be required to pay cash to the lender in an amount equal to C$8.50 multiplied by the number of shares intended to be issued upon conversion. Further, in the event that the lender holds more than 5% of the issued and outstanding shares of the Company subsequent to the exercise of any of its convertible securities held under this placement, it shall have the right to appoint one director to the board of the Company. Lastly, among other things, the loan agreement further provides that for as long as any amount is outstanding under the convertible loan, the investor retains a right of first refusal on any Company financing or joint venture/strategic partnership/disposal of assets. In August 2018, the amount of the Hummingbird convertible loan payable was increased to $2,000,000 from its original $<span id="xdx_90D_eus-gaap--DebtConversionOriginalDebtAmount1_c20180801__20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_pp0p0" title="Debt conversion original debt amount">1,500,000 loan, net of $45,824 of debt issue costs. An additional 116,714 warrants with each warrant exercisable at C$<span id="xdx_904_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zG2EGgPi8FNi" title="Warrants exercise price">4.50 were issued. Under the terms of the amended and restated loan agreement, Hummingbird may, at any time prior to maturity, convert any or all of the principal amount of the loan and accrued interest thereon, into common shares of Bunker as follows: (i) $<span id="xdx_90E_eus-gaap--DebtConversionOriginalDebtAmount1_pp0p0_c20180801__20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_zOGzSalBGTG6" title="Debt conversion original debt amount">1,500,000, being the original principal amount (the “Principal Amount”), may be converted at a price per share equal to C$8.50; (ii) <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20180801__20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_pdd" title="Number of shares acquired">229,464 common shares may be acquired upon exercise of warrants at a price of C$<span id="xdx_900_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Warrants exercise price">8.50 per warrant for a period of two years from the date of issuance; (iii) $<span id="xdx_908_eus-gaap--DebtConversionOriginalDebtAmount1_c20180801__20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember_pp0p0" title="Debt conversion original debt amount">500,000, being the additional principal amount (the “Additional Amount”), may be converted at a price per share equal to C$<span id="xdx_904_eus-gaap--DebtInstrumentConvertibleConversionPrice1_c20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Conversion price per share">4.50; and (iv) 116,714 common shares may be acquired upon exercise of warrants at a price of C$<span id="xdx_909_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Warrants exercise price">4.50 per warrant for a period of two years from the date issuance. <span id="xdx_90D_eus-gaap--DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault_c20180801__20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember" title="Event of default description">In the event that Hummingbird would acquire common shares in excess of 9.999% through the conversion of the Principal Amount or the Additional Amount, including interest accruing thereon, or on exercise of the warrants as disclosed herein, the Company shall pay to Hummingbird a cash amount equal to the common shares exercised in excess of 9.999%, multiplied by the conversion price. During the year ended June 30, 2019, Hummingbird agreed to extend the scheduled maturity date of the loan to June 30, 2020. This was accounted for as a loan extinguishment which resulted in the recording of a net loss on loan extinguishment of $1,195,880. In June 2019, the Company settled $100,000 of the Additional Amount by issuing 2,660,000 common shares, which resulted in the recording of a net loss on loan extinguishment of $8,193. In February 2020, the Company settled $300,000 of the Additional Amount by issuing 696,428 common shares, which resulted in the recording of a net loss on loan extinguishment of $9,407. In June 2020, Hummingbird agreed to extend the scheduled maturity date of the loan to July 31, 2020. In October 2020, the Company settled the full amount of the outstanding loan by issuing 5,572,980 common shares at a deemed price of C$0.49 based on the fair value of the shares issued. As a result, the Company recorded a gain on debt settlement of $23,376 on the consolidated statements of loss and comprehensive loss. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 7. Convertible loan payable (continued) The Company has accounted for the conversion features and warrants in accordance with ASC Topic 815. The conversion features and warrants are considered derivative financial liabilities as they are convertible into common shares at a conversion price denominated in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of the conversion features and warrants was determined on the date of issuance and marks to market at each financial reporting period. As at December 31, 2020, the fair values of the conversion feature and warrants were $nil (June 30, 2020 - $nil). Accretion expense for the six months ended December 31, 2020 was $nil (years ended June 30, 2020 and 2019 - $146,266 and $734,589, respectively) based on an effective interest rate of 16% after the loan extension. Interest expense for the six months ended December 31, 2020 was $118,767 (years ended June 30, 2020 and 2019 - $179,726 and $198,219, respectively). As at December 31, 2020, the Company has an outstanding interest payable of $nil (June 30, 2020 - $381,233). Schedule of Convertible Loan Outstanding Interest Payable <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: justify">Balance, June 30, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ConvertibleDebt_iS_pp0p0_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zK5YZkiLWsIg" style="width: 18%; text-align: right" title="Beginning Balance">1,744,327</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AccretionExpense_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_pp0p0" style="text-align: right" title="Accretion expense">146,266</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Loss on loan extinguishment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zOmeIDk8zOq1" style="text-align: right" title="Loss on loan extinguishment">9,407</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Partial extinguishment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--GainsLossesOnPartialExtinguishmentOfDebt_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Partial extinguishment">(300,000</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--LoanExtinguishment_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_z4DyyUFYmZhe" style="border-bottom: Black 1.5pt solid; text-align: right">(1,600,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--ConvertibleDebt_iS_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zEPoJoxyKBy3" style="text-align: right" title="Beginning Balance">1,600,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Loan extinguishment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zSRtGdYRFrsa" style="border-bottom: Black 1.5pt solid; text-align: right" title="Loss on loan extinguishment">(1,600,000</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--ConvertibleDebt_iE_pdp0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zic1Z2BbLR3" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending Balance">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1500000

0.10

P1Y

229464

8.50

In the event that a notice of conversion would result in the lender holding 10% or more of the Company’s issued and outstanding shares, then, in the alternative, and under certain circumstances, the Company would be required to pay cash to the lender in an amount equal to C$8.50 multiplied by the number of shares intended to be issued upon conversion. Further, in the event that the lender holds more than 5% of the issued and outstanding shares of the Company subsequent to the exercise of any of its convertible securities held under this placement, it shall have the right to appoint one director to the board of the Company.

2000000

1500000

45824

116714

4.50

1500000

229464

8.50

500000

4.50

P2Y

In the event that Hummingbird would acquire common shares in excess of 9.999% through the conversion of the Principal Amount or the Additional Amount, including interest accruing thereon, or on exercise of the warrants as disclosed herein, the Company shall pay to Hummingbird a cash amount equal to the common shares exercised in excess of 9.999%, multiplied by the conversion price.

2020-06-30

1195880

100000

2660000

8193

300000

696428

9407

5572980

0.49

23376

146266

734589

0.16

118767

179726

198219

381233

Schedule of Convertible Loan Outstanding Interest Payable <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: justify">Balance, June 30, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--ConvertibleDebt_iS_pp0p0_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zK5YZkiLWsIg" style="width: 18%; text-align: right" title="Beginning Balance">1,744,327</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AccretionExpense_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_pp0p0" style="text-align: right" title="Accretion expense">146,266</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Loss on loan extinguishment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zOmeIDk8zOq1" style="text-align: right" title="Loss on loan extinguishment">9,407</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Partial extinguishment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--GainsLossesOnPartialExtinguishmentOfDebt_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Partial extinguishment">(300,000</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--LoanExtinguishment_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_z4DyyUFYmZhe" style="border-bottom: Black 1.5pt solid; text-align: right">(1,600,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--ConvertibleDebt_iS_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zEPoJoxyKBy3" style="text-align: right" title="Beginning Balance">1,600,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Loan extinguishment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zSRtGdYRFrsa" style="border-bottom: Black 1.5pt solid; text-align: right" title="Loss on loan extinguishment">(1,600,000</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--ConvertibleDebt_iE_pdp0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zic1Z2BbLR3" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending Balance">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1744327

146266

9407

-300000 -1600000

1600000

-1600000

8. Promissory notes payable (i) On November 13, 2019, the Company issued a promissory note in the amount of $300,000. The note was unsecured, bore interest of 1% monthly, and is due on demand after 90 days from issuance. In consideration for the loan, the Company issued 400,000 common share purchase warrants to the lender. Each whole warrant entitles the lender to acquire one common share of the Company at a price of C$<span id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20191113__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zd7BMEHran3d" title="Warrants exercise price">0.80 per share for a period of two years. On April 24, 2020, the Company extended the maturity date of the promissory note payable to August 1, 2020. In consideration, the Company issued 400,000 common share purchase warrants to the lender at an exercise price of C$<span id="xdx_907_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20200424__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zn6VuCJtpu7d" title="Warrants exercise price">0.50. The warrants expire on November 13, 2021. This was accounted for as a loan modification. During the six months ended December 31, 2020, the Company repaid $110,658 of the promissory note and settled the remaining balance of $218,281 (C$<span id="xdx_907_eus-gaap--NotesPayable_iI_pp0p0_uCAD_c20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zzRnEoZM5Ek5" title="Promissory notes payable">288,000), which included interest payable of $28,939, in full by issuing 822,857 August 2020 Units (as defined in note 10), recognizing a loss on debt settlement of $335,467. The Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative financial liabilities as they are convertible into common shares at a conversion price denominated in a currency other than the Company’s functional currency of the US dollar. The estimated fair value of the warrants was determined on the date of issuance and marks to market at each financial reporting period. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 8. Promissory notes payable (continued) (i) (continued) The fair value of the warrants were estimated using the Binomial model to determine the fair value of the derivative warrant liabilities using the following assumptions: Schedule of Fair Value of Derivative Warrant Liability Assumptions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">November 2019 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zu7A3phPnTs2" title="Warrant liabilities, fair value measurement input, conversion features term">501 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zHx5XFTMhBy1" title="Warrant liabilities, fair value measurement input, conversion features term">317 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zYySw3ZSgsjh" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zPGJS8wQyASf" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zqkS16q9W8E5" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.94</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zJbQUoVBSpBl" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.64</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_znlrvHEXvXU5" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_z7WVBbFB3jvb" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--SharePrice_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pdd" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--SharePrice_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pdd" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_ecustom--WarrantLiabilitiesFairValue_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">150,161</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_ecustom--WarrantLiabilitiesFairValue_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">40,999</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">109,162</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">April 2020 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zUMzjKXb6Cgh">501 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_z4je3mo9vaq8">317 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zPdzIldK3mq">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_z1vitTsLW0N3">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z1eo1YNqYjff" style="text-align: right">0.30</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zNwIyxwnoLRc" style="text-align: right">0.27</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zMiVEVd6c4ql" style="text-align: right">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zMNZNyJBMit6" style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--SharePrice_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pdd" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--SharePrice_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pdd" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_ecustom--WarrantLiabilitiesFairValue_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">186,410</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--WarrantLiabilitiesFairValue_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">58,373</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">128,037</td><td style="text-align: left"> </td></tr> </table> Accretion expense for the six months ended December 31, 2020 was $51,522 (years ended June 30, 2020 and 2019 - $155,001 and $nil, respectively) based on an effective interest rate of 11% after the loan extension. Interest expense for the six months ended December 31, 2020 was $5,600 (years ended June 30, 2020 and 2019 - $22,700 and $nil, respectively). As at December 31, 2020, the Company has an outstanding interest payable of $nil (June 30, 2020 - $22,700). Schedule of promissory notes outstanding interest payable <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2019</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--NotesPayable_iS_pdp0_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zZCAJz51AFjj" style="text-align: right" title="Beginning Balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: justify">Proceeds on issuance</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--ProceedsFromIssuanceOfDebt_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="width: 16%; text-align: right" title="Proceeds on issuance">300,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Warrant valuation</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WarrantValuation_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="text-align: right" title="Warrant valuation">(206,523</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Accretion expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--AccretionExpense_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Accretion expense">155,001</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--NotesPayable_iS_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zSVH1i17C6kh" style="text-align: right" title="Beginning Balance">248,478</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AccretionExpense_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="text-align: right" title="Accretion expense">51,522</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Debt settlement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ExtinguishmentOfDebtAmount_iN_pp0p0_di_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zGr84iNQZygf" style="text-align: right" title="Debt settlement">(189,342</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Repayment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--RepaymentsOfNotesPayable_iN_pp0p0_di_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_z23GTjCDaUbe" style="border-bottom: Black 1.5pt solid; text-align: right" title="Repayment">(110,658</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--NotesPayable_iE_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_z27VI1vrSyR3" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending Balance">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 8. Promissory notes payable (continued) (ii) On December 31, 2019, the Company issued a promissory note in the amount of $82,367 (C$<span id="xdx_909_eus-gaap--NotesPayable_iI_pp0p0_uCAD_c20191231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zbz3ZFx149U" title="Promissory notes payable">107,000). The note bore no interest and was due on demand. This promissory note was repaid during the year ended June 30, 2020. (iii) On January 29, 2020, the Company issued a promissory note in the amount of $75,727 (C$<span id="xdx_905_eus-gaap--NotesPayable_iI_pp0p0_uCAD_c20200129__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zzcDFK0uLRp4" title="Promissory notes payable">100,000). The note bore no interest and was due on demand. This promissory note was repaid during the year ended June 30, 2020. (iv) On May 12, 2020, the Company issued a promissory note in the amount of $362,650 (C$<span id="xdx_90B_eus-gaap--NotesPayable_iI_pp0p0_uCAD_c20200512__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zaDq5Ul6nyO3" title="Promissory notes payable">500,000), net of $89,190 of debt issue costs. The note bore no interest and was due on demand after 90 days after the issue date. This promissory note was repaid during the six months ended December 31, 2020. Accretion expense for the six months ended December 31, 2020 was $47,737 (years ended June 30, 2020 and 2019 - $41,453 and $nil, respectively) based on effective interest rate of <span id="xdx_90C_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_c20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableOneMember_zf1H8ZYaqWH4" title="Debt instrument, interest rate">7%. (v) On May 12, 2020, the Company issued a promissory note in the amount of $141,704 (C$<span id="xdx_903_eus-gaap--NotesPayable_iI_pp0p0_uCAD_c20200512__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z0ycNLFTwBU9" title="Promissory notes payable">200,000), net of $35,676 of debt issue costs. The note bore no interest and was due on demand after 90 days after the issue date. During the six months ended December 31, 2020, the Company settled the promissory note in full by issuing 714,285 common shares (see note 10). As a result, the Company recorded a loss on debt settlement of $291,203 on the consolidated statements of loss and comprehensive loss. Accretion expense for the six months ended December 31, 2020 was $19,129 (years ended June 30, 2020 and 2019 - $16,547 and $nil, respectively) based on an effective interest rate of 8%. (vi) On June 30, 2020, the Company issued a promissory note in the amount of $75,000, net of $15,000 of debt issue costs. The note bore no interest and was due on demand. This promissory note was repaid in full during the six months ended December 31, 2020. Financing cost for the six months ended December 31, 2020 was $nil (years ended June 30, 2020 and 2019 - $15,000 and $nil, respectively). (vii) On June 30, 2020, the Company issued a promissory note in the amount of $75,000 to a director of the Company. The note bore no interest and was due on demand. This promissory note was repaid in full during the six months ended December 31, 2020. Financing cost for the six months ended December 31, 2020 was $nil (years ended June 30, 2020 and 2019 - $15,000 and $nil, respectively). (viii) On July 13, 2020, the Company issued a promissory note in the amount of $1,200,000, net of $360,000 debt issue costs. The note bore no interest and was due on August 31, 2020. This promissory note was repaid in full during the six months ended December 31, 2020. Financing cost for the six months ended December 31, 2020 was $360,000 (years ended June 30, 2020 and 2019 - $nil). <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

300000

0.01

P90D

400000

0.80

P2Y

400000

0.50

2021-11-13

110658

218281

288000

28939

822857

335467

The fair value of the warrants were estimated using the Binomial model to determine the fair value of the derivative warrant liabilities using the following assumptions: Schedule of Fair Value of Derivative Warrant Liability Assumptions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">November 2019 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zu7A3phPnTs2" title="Warrant liabilities, fair value measurement input, conversion features term">501 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zHx5XFTMhBy1" title="Warrant liabilities, fair value measurement input, conversion features term">317 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zYySw3ZSgsjh" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zPGJS8wQyASf" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zqkS16q9W8E5" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.94</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zJbQUoVBSpBl" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.64</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_znlrvHEXvXU5" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_z7WVBbFB3jvb" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--SharePrice_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pdd" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--SharePrice_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pdd" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_ecustom--WarrantLiabilitiesFairValue_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">150,161</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_ecustom--WarrantLiabilitiesFairValue_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">40,999</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">109,162</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">April 2020 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zUMzjKXb6Cgh">501 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_z4je3mo9vaq8">317 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zPdzIldK3mq">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_z1vitTsLW0N3">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z1eo1YNqYjff" style="text-align: right">0.30</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zNwIyxwnoLRc" style="text-align: right">0.27</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zMiVEVd6c4ql" style="text-align: right">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zMNZNyJBMit6" style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--SharePrice_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pdd" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--SharePrice_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pdd" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_ecustom--WarrantLiabilitiesFairValue_c20200630__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">186,410</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--WarrantLiabilitiesFairValue_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">58,373</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">128,037</td><td style="text-align: left"> </td></tr> </table>

P501D

P317D

100

0.94

0.64

0.73

0.41

150161 40999

109162

P501D

P317D

100

0.30

0.27

0.73

0.41

186410 58373

128037

51522

155001

0.11

5600

22700

Schedule of promissory notes outstanding interest payable <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2019</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--NotesPayable_iS_pdp0_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zZCAJz51AFjj" style="text-align: right" title="Beginning Balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: justify">Proceeds on issuance</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--ProceedsFromIssuanceOfDebt_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="width: 16%; text-align: right" title="Proceeds on issuance">300,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Warrant valuation</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WarrantValuation_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="text-align: right" title="Warrant valuation">(206,523</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Accretion expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--AccretionExpense_c20190701__20200630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Accretion expense">155,001</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--NotesPayable_iS_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zSVH1i17C6kh" style="text-align: right" title="Beginning Balance">248,478</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AccretionExpense_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_pp0p0" style="text-align: right" title="Accretion expense">51,522</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Debt settlement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ExtinguishmentOfDebtAmount_iN_pp0p0_di_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zGr84iNQZygf" style="text-align: right" title="Debt settlement">(189,342</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Repayment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--RepaymentsOfNotesPayable_iN_pp0p0_di_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_z23GTjCDaUbe" style="border-bottom: Black 1.5pt solid; text-align: right" title="Repayment">(110,658</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--NotesPayable_iE_pp0p0_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_z27VI1vrSyR3" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending Balance">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

300000

-206523

155001

248478

51522

189342

110658

82367

107000

75727

100000

362650

500000

89190

47737

41453

0.07

141704

200000

35676

714285

291203

19129

16547

75000

15000

75000

15000

1200000

360000

9. Lease liability The Company has an operating lease for office space that expires in 2022. Below is a summary of the Company’s lease liability as of December 31, 2020: Schedule of Operating Lease Liability <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Office lease</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, June 30, 2019</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--OperatingLeaseLiability_iS_pdp0_c20190701__20200630_zLrbKzEpFWTi" style="text-align: right" title="Beginning Balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 84%; text-align: left">Addition</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--AdditionOperatingLeasePayments_c20190701__20200630_pp0p0" style="width: 12%; text-align: right" title="Addition">319,133</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesDebt_pp0p0_c20190701__20200630_z11SLJfkHQp2" style="text-align: right" title="Interest expense">27,062</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20190701__20200630_zoQ1qgChMnme" style="text-align: right" title="Lease payments">(120,690</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left">Foreign exchange gain</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20190701__20200630_zOPrgRxHDiwh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Foreign exchange gain (loss)">(10,766</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Balance, June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--OperatingLeaseLiability_iS_pp0p0_c20200701__20201231_zAzBBLFSMoof" style="text-align: right" title="Beginning Balance">214,739</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Addition</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--AdditionOperatingLeasePayments_c20200701__20201231_pdp0" style="text-align: right" title="Addition">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--InterestExpensesDebt_pp0p0_c20200701__20201231_zr7Ck9cB6K4b" style="text-align: right" title="Interest expense">10,038</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20200701__20201231_zAb2uLDadIcl" style="text-align: right" title="Lease payments">(61,504</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: left">Foreign exchange loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20200701__20201231_zM0jYeZGKZxj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Foreign exchange gain (loss)">(13,334</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, December 31, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OperatingLeaseLiability_iE_pp0p0_c20200701__20201231_zkNtq4dFNqsl" style="text-align: right" title="Ending Balance">176,607</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: left">Less: current portion</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_c20201231_zy6xwsVgnKW2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Less: current portion">(114,783</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Long-term lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--OperatingLeaseLiabilityNoncurrent_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Long-term lease liability">61,824</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> In addition to the minimum monthly lease payments of C$13,504, the Company is required to make additional monthly payments amounting to C$12,505 for certain variable costs. The schedule below represents the Company’s obligations under the lease agreement in Canadian dollars. Schedule of Lease Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_498_20200701__20201231__srt--StatementScenarioAxis__custom--LessThanOneYearMember_zuQbmWQPyUBi" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Less than 1 year</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_497_20200701__20201231__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_zuUXQCYvzLNg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">1-2 years</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20200701__20201231__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_zI7bVQF2JlD5" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2-3 years</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_494_20200701__20201231_zR3CmWGPC569" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_400_ecustom--OperatingLeaseBaseRent_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: justify; padding-bottom: 1.5pt">Base rent</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">162,048</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">67,520</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">229,568</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OperatingLeaseAdditionalRent_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Additional rent</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">150,060</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">62,524</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">212,584</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PaymentsForRent_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Rent</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">312,108</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">130,044</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">442,152</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The monthly rental expenses are offset by rental income obtained through a series of short term subleases held by the Company.

The Company has an operating lease for office space that expires in 2022. Below is a summary of the Company’s lease liability as of December 31, 2020: Schedule of Operating Lease Liability <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Office lease</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, June 30, 2019</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--OperatingLeaseLiability_iS_pdp0_c20190701__20200630_zLrbKzEpFWTi" style="text-align: right" title="Beginning Balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 84%; text-align: left">Addition</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--AdditionOperatingLeasePayments_c20190701__20200630_pp0p0" style="width: 12%; text-align: right" title="Addition">319,133</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesDebt_pp0p0_c20190701__20200630_z11SLJfkHQp2" style="text-align: right" title="Interest expense">27,062</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20190701__20200630_zoQ1qgChMnme" style="text-align: right" title="Lease payments">(120,690</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left">Foreign exchange gain</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20190701__20200630_zOPrgRxHDiwh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Foreign exchange gain (loss)">(10,766</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Balance, June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--OperatingLeaseLiability_iS_pp0p0_c20200701__20201231_zAzBBLFSMoof" style="text-align: right" title="Beginning Balance">214,739</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Addition</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--AdditionOperatingLeasePayments_c20200701__20201231_pdp0" style="text-align: right" title="Addition">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--InterestExpensesDebt_pp0p0_c20200701__20201231_zr7Ck9cB6K4b" style="text-align: right" title="Interest expense">10,038</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20200701__20201231_zAb2uLDadIcl" style="text-align: right" title="Lease payments">(61,504</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: left">Foreign exchange loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20200701__20201231_zM0jYeZGKZxj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Foreign exchange gain (loss)">(13,334</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, December 31, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OperatingLeaseLiability_iE_pp0p0_c20200701__20201231_zkNtq4dFNqsl" style="text-align: right" title="Ending Balance">176,607</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: left">Less: current portion</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_c20201231_zy6xwsVgnKW2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Less: current portion">(114,783</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Long-term lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--OperatingLeaseLiabilityNoncurrent_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Long-term lease liability">61,824</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

319133 27062

120690

-10766

214739

10038

61504

-13334

176607

114783

61824

13504

12505

Schedule of Lease Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_498_20200701__20201231__srt--StatementScenarioAxis__custom--LessThanOneYearMember_zuQbmWQPyUBi" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Less than 1 year</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_497_20200701__20201231__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_zuUXQCYvzLNg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">1-2 years</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20200701__20201231__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_zI7bVQF2JlD5" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2-3 years</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_494_20200701__20201231_zR3CmWGPC569" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_400_ecustom--OperatingLeaseBaseRent_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: justify; padding-bottom: 1.5pt">Base rent</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">162,048</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">67,520</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">229,568</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OperatingLeaseAdditionalRent_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Additional rent</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">150,060</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">62,524</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">212,584</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PaymentsForRent_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Rent</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">312,108</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">130,044</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">442,152</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

162048 67520 229568 150060 62524 212584

312108

130044

442152

10. Capital stock, warrants and stock options Authorized The total authorized capital is as follows: <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 0.25in">●</td> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt">750,000,000 common shares with a par value of $0.000001 per common share; and</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 0.25in">●</td> <td style="text-align: justify; padding-left: 10pt; text-indent: -10pt">10,000,000 preferred shares with a par value of $0.000001 per preferred share</td></tr> </table> On May 23, 2019, the Company affected a consolidation of its issued and outstanding share capital on the basis of one (1) post-consolidation share for each ten (10) pre-consolidation common shares, which has been retrospectively applied in these consolidated financial statements. On July 19, 2019, the Company amended its articles of incorporation to change the total authorized capital and the par values, which have been retrospectively applied in these consolidated financial statements. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Issued and outstanding On June 27, 2019, the Company closed the first tranche (the “First Tranche”) of a non-brokered private placement, issuing <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20190626__20190627__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zTHHugXglCoa" title="Number of shares issued">11,660,000 units (“June 2019 Unit”) at a price of C$0.05 per June 2019 Unit for gross proceeds of C$<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20190626__20190627__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z5FcQwG4qH0g" title="Proceeds from issuance of private placement">583,000 ($<span id="xdx_905_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20190626__20190627__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_z5kKdPLUuTIg" title="Proceeds from issuance of private placement">436,608) and incurring financing costs of $<span id="xdx_905_eus-gaap--DeferredFinanceCostsNet_c20190627__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Financing costs">19,640. Each June 2019 Unit consists of one common share of the Company and one common share purchase warrant (“June 2019 Warrant”). Each whole June 2019 Warrant entitles the holder to acquire one common share at a price of C$<span id="xdx_903_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190627__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenWarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zIr0ncusxyNa" title="Shares issued price per share">0.25 per common share for a period of two years. As a part of the First Tranche, Hummingbird has acquired 2,660,000 June 2019 Units for C$<span id="xdx_90D_eus-gaap--DebtConversionConvertedInstrumentAmount1_c20190626__20190627__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Shares issued upon convertible loan facility, value">133,000 ($<span id="xdx_90A_eus-gaap--DebtConversionConvertedInstrumentAmount1_c20190626__20190627__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_pp0p0" title="Shares issued upon convertible loan facility, value">100,000) which was applied to reduction of the principal amount owing under the convertible loan facility (see note 7). On August 1, 2019, the Company closed the second and final tranche of the non-brokered private placement, issuing <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20190730__20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pdd" title="Number of shares issued">6,042,954 units (the “August 2019 Units”) at C$<span id="xdx_90D_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190830__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zHuNtjFmY0X4" title="Shares issued price per share">0.05 per August 2019 Unit for gross proceeds of C$<span id="xdx_90A_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20190730__20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zJoZ74rAXjqb" title="Proceeds from issuance of private placement">302,148 ($<span id="xdx_900_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20190730__20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zFobqJj12o67" title="Proceeds from issuance of private placement">228,202) and incurring financing costs of $<span id="xdx_904_eus-gaap--DeferredFinanceCostsNet_iI_pp0p0_c20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zs08c2WEkOjd" title="Financing costs">36,468. Each August 2019 Unit consists of one common share of the Company and one common share purchase warrant, which entitles the holder to acquire one common share at a price of C$<span id="xdx_908_eus-gaap--SharesIssuedPricePerShare_c20190801__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenWarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Shares issued price per share">0.25 per common share for a period of two years. The Company also issued <span id="xdx_900_eus-gaap--DebtConversionConvertedInstrumentSharesIssued1_c20190730__20190801__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zE8T7gWRjia8" title="Debt conversion, shares issued">16,962,846 August 2019 Units to settle $<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20190730__20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenWarrantMember_pp0p0" title="Proceeds from issuance of private placement">640,556 of debt at a deemed price of C$<span id="xdx_90E_ecustom--DeemedPrice_iI_pid_c20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenWarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zDqWugQjMLYd" title="Deemed price">0.09 based on the fair value of the shares issued. As a result, the Company recorded resulting in loss on debt settlement of $<span id="xdx_908_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20190730__20190801__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenWarrantMember_zBObglu71gw2" title="Loss on loan extinguishment">858,495. On August 23, 2019, the Company closed the first tranche of a non-brokered private placement, issuing <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20190822__20190823__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pdd" title="Number of shares issued">27,966,002 common shares of the Company at C$<span id="xdx_905_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190823__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zb1EAuwBRZKh" title="Shares issued price per share">0.05 per common share for gross proceeds of C$<span id="xdx_903_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20190822__20190823__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zHBTK90sutX3" title="Proceeds from issuance of private placement">1,398,300 ($<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20190822__20190823__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Proceeds from issuance of private placement">1,049,974) and incurring financing costs of $<span id="xdx_907_eus-gaap--DeferredFinanceCostsNet_c20190823__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Financing costs">28,847. The Company also issued <span id="xdx_900_ecustom--NumberOfCommonSharesHeld_c20190822__20190823__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zUX9zbVHxbe9" title="Number of common shares held">2,033,998 common shares to settle $<span id="xdx_909_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20190822__20190823__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Loss on loan extinguishment">77,117 of debt at a deemed price of C$<span id="xdx_90B_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190823__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zgLTPAcvkTXd" title="Shares issued price per share">0.18 based on the fair value of the shares issued. As a result, the Company recorded a loss on debt settlement of $<span id="xdx_90A_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20190822__20190823__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zu0Q4362bOc" title="Loss on loan extinguishment">197,800. On August 30, 2019, the Company closed the second and final tranche of the non-brokered private placement, issuing <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20190829__20190830__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zstSs0DctOY1" title="Number of shares issued">1,000,000 common shares at C$<span id="xdx_900_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190830__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zM3yzH8u4q5c" title="Shares issued price per share">0.05 per common share for gross proceeds of C$<span id="xdx_909_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20190829__20190830__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Proceeds from issuance of private placement">50,000 ($<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20190829__20190830__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_z7LPocvSAGKc" title="Proceeds from issuance of private placement">37,550). On February 26, 2020, the Company closed a non-brokered private placement, issuing 2,991,073 common shares of the Company at C$<span id="xdx_908_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zappgKdCqxW5" title="Shares issued price per share">0.56 per common share for gross proceeds of C$<span id="xdx_90B_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200225__20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Proceeds from issuance of private placement">1,675,000 ($<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200225__20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Proceeds from issuance of private placement">1,256,854) and incurring financing costs of $95,763, and issuing <span id="xdx_908_eus-gaap--DeferredFinanceCostsNet_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--BrokerWarrantsMember_pp0p0" title="Financing costs">239,284 broker warrants. Each broker warrant entitles the holder to acquire one common share at a price of C$<span id="xdx_909_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--StatementEquityComponentsAxis__custom--OneCommonStockMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zpj6YpcSuDl5" title="Shares issued price per share">0.70 per common share for a period of <span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dc_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--StatementEquityComponentsAxis__custom--OneCommonStockMember_ztpIJKibrbDa" title="Warrant term">two years. The Company also issued 696,428 common shares for $<span id="xdx_907_ecustom--PrincipalAmountOfConvertibleLoanFacility_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Principal amount of convertible loan facility">300,000 which was applied to reduce the principal amount owing under the convertible loan facility (see note 7). On May 12, 2020, the Company closed a non-brokered private placement, issuing 107,143 common shares of the Company at C$<span id="xdx_900_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zahGJaH5z5b7" title="Shares issued price per share">0.56 per common share for gross proceeds of C$<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200511__20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Proceeds from issuance of private placement">60,000 ($<span id="xdx_90C_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200511__20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Proceeds from issuance of private placement">44,671). During the year ended June 30, 2020, the Company issued 1,403,200 June 2019 Units and <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20190701__20200630__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenUnitMember_ziP6ksssHCZd" title="Number of shares issued">1,912,000 August 2019 Units at a deemed price of C$0.05 as finder’s fees with a total value of C$165,760 ($125,180) to a shareholder of the Company. On August 14, 2020, the Company closed the first tranche of a brokered private placement of units of the Company (the “August 2020 Offering”), issuing <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200808__20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pdd" title="Number of shares issued">35,212,142 units of the Company (“August 2020 Units”) at C$<span id="xdx_90A_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_z5P0n3ixgZxj" title="Shares issued price per share">0.35 per August 2020 Unit for gross proceeds of $<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200808__20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Proceeds from issuance of private placement">9,301,321 (C$<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200808__20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Proceeds from issuance of private placement">12,324,250). Each August 2020 Unit consisted of one common share of the Company and one common share purchase warrant of the Company (each, an “August 2020 Warrant”), which entitles the holder to acquire a common share of the Company at C$<span id="xdx_90F_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_zHE0c3IrnMMk" title="Common stock, par value">0.50 per common share until August 31, 2023. In connection with the first tranche of the August 2020 Offering, the Company incurred share issuance costs of $<span id="xdx_90E_eus-gaap--DeferredFinanceCostsNet_c20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Financing costs">709,488 (C$<span id="xdx_900_eus-gaap--DeferredFinanceCostsNet_c20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Financing costs">849,978) and issued <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20200811__20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CompensationOptionsMember_pdd" title="Compensation options, shares">2,112,729 compensation options (the “August 2020 Compensation Options”). Each August 2020 Compensation Option is exercisable into one August 2020 Unit at an exercise price of C$<span id="xdx_904_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20200814__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CompensationOptionsMember_zIgN17D084uk" title="Shares issued price per share">0.35 until August 31, 2023. On August 25, 2020, the Company closed the second tranche of the August 2020 Offering, issuing <span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200824__20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_zhFCUGPu0mm9" title="Number of shares issued">20,866,292 August 2020 Units at C$<span id="xdx_909_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_znS0D8gPATt4" title="Shares issued price per share">0.35 per August 2020 Unit for gross proceeds of $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200824__20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Proceeds from issuance of private placement">5,510,736 (C$<span id="xdx_909_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20200824__20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zpOaYyhEWT66" title="Proceeds from issuance of private placement">7,303,202). In connection with the second tranche of the August 2020 Offering, the Company incurred share issuance costs of $<span id="xdx_90E_eus-gaap--DeferredFinanceCostsNet_c20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Financing costs">237,668 (C$<span id="xdx_900_eus-gaap--DeferredFinanceCostsNet_c20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pp0p0" title="Financing costs">314,512) and issued <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20200824__20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pdd" title="Compensation options, shares">1,127,178 August 2020 Compensation Options. In the August 2020 Offering, the fair value of warrants, which are treated as a liability and fair value accounted for, were greater than gross proceeds. As a result, a loss of $<span id="xdx_901_eus-gaap--EquitySecuritiesFvNiGainLoss_pp0p0_c20200824__20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_z7mwBs1Om217" title="Loss on private placement">940,290 has been recognized in the consolidated statements of loss and $<span id="xdx_905_eus-gaap--PaymentsOfStockIssuanceCosts_pp0p0_c20200824__20200825__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_zGWxbIt0ctw9" title="Equity issuance cost">947,156 of total share issue costs were also expensed. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) The Company also issued <span id="xdx_90A_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200824__20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Proceeds from issuance of private placement">2,205,714 August 2020 Units to settle $<span id="xdx_908_eus-gaap--AccountsPayableCurrent_c20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Accounts payable">177,353 of accounts payable, $<span id="xdx_90B_eus-gaap--AccruedLiabilitiesCurrent_c20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Accrued liabilities">55,676 of accrued liabilities, $<span id="xdx_905_eus-gaap--InterestAndDividendsPayableCurrent_c20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Interest payable">28,300 of interest payable, and $<span id="xdx_902_eus-gaap--NotesPayable_iI_pp0p0_c20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_zRRSrrE0AlLg" title="Promissory notes payable">344,185 of promissory notes payable at a deemed price of $<span id="xdx_90D_ecustom--DeemedPrice_iI_pid_c20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_zcKEvE3KoLhi" title="Deemed price">0.67 based on the fair value of the units issued. As a result, the Company recorded a loss on debt settlement of $<span id="xdx_907_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20200824__20200831__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember_pp0p0" title="Loss on loan extinguishment">899,237. On October 9, 2020, the Company issued 5,572,980 common shares at a deemed price of C$0.49 based on the fair value of the common shares issued to settle $1,600,000 of convertible loan payable and $500,000 of interest payable. As a result, the Company recorded a gain on debt settlement of $23,376. For each financing, the Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative instruments as they were issued in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of warrants accounted for as liabilities was determined on the date of issue and marks to market at each financial reporting period. The change in fair value of the warrant is recorded in the consolidated statement of operations and comprehensive loss as a gain or loss and is estimated using the Binomial model. The fair value of the warrant liabilities related to the various tranches of warrants issued during the period were estimated using the Binomial model to determine the fair value using the following assumptions on the day of issuance and as at December 31, 2020: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">August 2020 issuance</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">August 14, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features term"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zjXX3XUlvCE4">1112 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features term"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zAQSehkyL3Ci" title="Warrant liabilities, fair value measurement input, conversion features term">973 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zVSg1wIJS841" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zxIzAbxgTjc6" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zJmAGbs56Iif" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.53</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z07qq4hxLnE" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.31</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zX4cCBSGCWJe" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zFKJ2SWGZO65" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zz7yh7G3GBok" style="text-align: right" title="Share price">0.42</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_z8GifeAvkiQb" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200813__20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zEqCSJMwrol4" style="text-align: right" title="Warrant liabilities, fair value">15,746,380</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zjGPMCOF0FRj" style="text-align: right" title="Warrant liabilities, fair value">14,493,215</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zx6lxNkq2SI1" style="text-align: right" title="Change in derivative liability">1,253,165</td><td style="text-align: left"> </td></tr> </table> The warrant liabilities as a result of the December 2017, August 2018, November 2018, June 2019 and August 2019 private placements were revalued as at December 31, 2020 and June 30, 2020 using the Binomial model and the following assumptions: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">December 2017 issuance</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_pid_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zgWz6t4pFbZk" title="Warrant liabilities, fair value measurement input, conversion features term">166 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">Expired</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zHaKwHDKjo41" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zGxHoy9hkfyf" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.69</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zLOOZAL5oPE" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zkpUwR6tmZoe" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zxrOqDnHNlM9" style="text-align: right">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zQSoxl99fpJj" style="text-align: right">0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zIjm3clNixv" style="text-align: right" title="Change in derivative liability">0</td><td style="text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">August 2018 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zFfQwvlqw0S6" title="Warrant liabilities, fair value measurement input, conversion features term">405 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_z4b1vE7FPZ4e">221 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zXpkclc897ek" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zUYuzdNRB5w5" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zRVIgJSyKe3d" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.20</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zvOFB7sS4dUc" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.23</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zPsjr0bEPXb1" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_z1y3YByQiNrk" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zcUw0tCa1Oz4" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zxRdPScBSZef" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zOlxH0Y4ESA4" style="text-align: right" title="Warrant liabilities, fair value">6,132</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zoWZNlCSSVpk" style="text-align: right">0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">6,132</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">November 2018 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zbSErkCoama9" title="Warrant liabilities, fair value measurement input, conversion features term">516 days</td><td> </td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zLq1WOCCDH5g" title="Warrant liabilities, fair value measurement input, conversion features term">332 days</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zoN4Mt6jwVJ9" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zP0OctZvipdc" style="width: 16%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zdIZp01SD4b3" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.34</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z8LJtmW0gl56" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.09</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zJ7do0j4vg4d" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zBy3t6Ltydhf" style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_zSkjceEO0KWe" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_z28Y7dOkI5l3" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_zkCNQUaeKrMg" style="text-align: right" title="Warrant liabilities, fair value">206,253</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueAdjustmentOfWarrants_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">52,540</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">153,713</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">June 2019 issuance (i)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_F51_zMjdmJs3aeFh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_F5A_zzAWEj6ejqv9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGkp_zVJBW271xaAd" title="Warrant liabilities, fair value measurement input, conversion features term">363 days</td><td> </td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGkp_zexRUqxY9HKk" title="Warrant liabilities, fair value measurement input, conversion features term">1826 days</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGkp_zH8z3gsRIjKj" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGkp_zt3wNvpQGcy7" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGkp_zHTxofKVPV5f" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.15</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGkp_zr3ud5ZeIIt7" style="text-align: right">0.85</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGkp_zt67gSOJo43i" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGkp_zuDUTNqXxcna" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_fKGkp_zFfGRFwMh9tf" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_fKGkp_zxKcTp8lsiHc" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_fKGkp_zUW0ih1onfya" style="text-align: right" title="Warrant liabilities, fair value">6,582,920</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_fKGkp_z6wj1XykWUzi" style="text-align: right" title="Warrant liabilities, fair value">3,438,839</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_fKGkp_z3eQxraePoB8" style="text-align: right" title="Change in derivative liability">3,144,081</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td id="xdx_F0E_zhk8tuUt6WKl" style="width: 4%">(i)</td> <td id="xdx_F19_zaqmX1gyQF66" style="width: 96%">During the six months ended December 31, 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_zkLIjLKQs2ok" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_U3RhdGVtZW50IC0gU2NoZWR1bGUgb2YgRXN0aW1hdGVkIFVzaW5nIHRoZSBCaW5vbWlhbCBNb2RlbCB0byBEZXRlcm1pbmUgdGhlIEZhaXIgVmFsdWUgb2YgV2FycmFudCBMaWFiaWxpdGllcyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" title="Warrants maturity date"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_zdLd4eIO9ug2" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_zVvjlcFJJSfh" title="Number of warrants issued">11,660,000 warrants.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">August 2019 issuance (ii)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_F5E_zDbhPD3fzTSl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_F5F_zd3kujoipjs9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGlpKQ_____zpfh9ZsH8Or5" title="Warrant liabilities, fair value measurement input, conversion features term">397 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__srt--RangeAxis__srt--MinimumMember_fKGlpKQ_____zFftfvTCX718" title="Warrant liabilities, fair value measurement input, conversion features term">213-<span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGlpKQ_____zqpoogFaHDnj" title="Warrant liabilities, fair value measurement input, conversion features term">1826 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGlpKQ_____zD1y0mAU8FGk" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGlpKQ_____zpmAuTni52ni" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGlpKQ_____zkhktlOhV9ob" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.11</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGlpKQ_____zEIqSfT865P5" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.81</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGlpKQ_____ztZxtGM156u1" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGlpKQ_____zeYA2OVuPbfb" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zF7RSN1cP5zi" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zcrncDlB7YU5" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____z2LKKOB5vtz1" style="text-align: right" title="Warrant liabilities, fair value">11,631,921</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zgNyxGnrCCyj" style="text-align: right" title="Warrant liabilities, fair value">5,922,270</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zknH1zIqsmUj" style="text-align: right" title="Change in derivative liability">5,709,651</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(ii)</td><td style="width: 5pt"/><td style="text-align: justify">During the six months ended December 31, 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_zN53SFmzVV16" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_zlNQEAIN2BT3" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_zKef76SUvDL" title="Number of warrants issued">17,920,000 warrants. The terms of the remaining <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--ClassOfWarrantOrRightOutstanding_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_pdd" title="Number of warrants outstanding">2,752,900 warrants remain unchanged.</td> </tr></table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Warrants Schedule of Warrant Activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exercise price</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">grant date</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">warrants</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">value ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: justify">Balance, June 30, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zp80VcJIOKT2" style="width: 13%; text-align: right" title="Number of warrants, beginning balance">13,046,484</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zvUQPfDLGNad" style="width: 13%; text-align: right" title="Weighted average exercise price, beginning balance">0.88</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zWkFOkmyIbW7" style="width: 13%; text-align: right" title="Weighted average grant date, beginning balance">0.27</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Issued</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Number of warrants, Issued">27,360,284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zTLa9R610YCd" style="text-align: right" title="Weighted average exercise price, Issued">0.27</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zKomMhpvVVll" style="text-align: right" title="Weighted average grant date, Issued">0.03</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expired</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_iN_di_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zwC0itxQQ4Jc" style="text-align: right" title="Number of warrants, Expired">(229,464</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zOesg6etipg9" style="text-align: right" title="Weighted average exercise price, Expired">8.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageGrantDate_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Weighted average grant date, Expired">3.54</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F42_zWth5yKpDn13" style="padding-bottom: 1.5pt; text-align: justify">Exercised (i)</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zbyNTfDmARj2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants, Exercised">(2,332,900</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKGkp_zach60qeOHu4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Exercised">0.25</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageGrantDate_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zyK0cVRvFgFf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average grant date, Exercised">0.02</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zfXgllATzHe2" style="text-align: right" title="Number of warrants, beginning balance">37,844,404</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z5jFIrlvSCGj" style="text-align: right" title="Weighted average exercise price, beginning balance">0.43</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z3xpj5QkSoee" style="text-align: right" title="Weighted average grant date, beginning balance">0.09</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Issued</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Number of warrants, Issued">58,284,148</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_pid_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z8hGgIqJKsy" style="text-align: right" title="Weighted average exercise price, Issued">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zjVp6fcUYqRi" style="text-align: right" title="Weighted average grant date, Issued">0.11</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify">Expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants, Expired">(350,746</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zc3c4uTjguy2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Expired">14.84</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageGrantDate_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average grant date, Expired">5.63</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zrBWAyHPcHS9" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, ending balance">95,777,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iI_pid_c20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z2KsHsDh0Jml" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, ending balance">0.54</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iE_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zXOV2V3w2Xkj" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date, ending balance">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">During the year ended June 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zaAnd3FTKxsi" title="Warrants exercised">2,332,900 warrants were exercised at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zHX6xbHZ1aeg" title="Warrants exercise price">0.25 per warrant for gross proceeds of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ProceedsFromWarrantExercises_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z7QK0RZrpH83" title="Proceeds from warrants exercise">583,225 ($<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--ProceedsFromWarrantExercises_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pp0p0" title="Proceeds from warrants exercise">417,006). In conjunction with the exercise of warrants, the Company recognized a change in derivative liability of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zD66ol4Dgwya" title="Change in derivative liability">871,710.</td> </tr></table> (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zv4R6ZQHpTok" title="Warrants exercise price">0.59 per share and extended the expiry date to December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" title="Warrants exercised">3,315,200 finder’s warrants. As a result, the Company recognized stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--ShareBasedCompensation_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z7luHE45P1Ac" title="Stock-based compensation">210,839, which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss. Schedule of Warrants Outstanding Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Exercise</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">warrants</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">Expiry date</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">price (C$)</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">warrants</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">exercisable</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: justify">August 1, 2021</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="width: 13%; text-align: right" title="Exercise price">0.25</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="width: 13%; text-align: right" title="Number of warrants">2,752,900</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="width: 13%; text-align: right" title="Number of warrants exercisable">2,752,900</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">August 9, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">4.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="text-align: right" title="Number of warrants">160,408</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="text-align: right" title="Number of warrants exercisable">160,408</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 28, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">1.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="text-align: right" title="Number of warrants">645,866</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="text-align: right" title="Number of warrants exercisable">645,866</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 13, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.80</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="text-align: right" title="Number of warrants">400,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="text-align: right" title="Number of warrants exercisable">400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 13, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="text-align: right" title="Number of warrants">400,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="text-align: right" title="Number of warrants exercisable">400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">February 26, 2022</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.70</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="text-align: right" title="Number of warrants">239,284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="text-align: right" title="Number of warrants exercisable">239,284</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">August 31, 2023</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="text-align: right" title="Number of warrants">58,284,148</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="text-align: right" title="Number of warrants exercisable">58,284,148</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">December 31, 2025</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">0.59</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants">32,895,200</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercisable">32,895,200</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants">95,777,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants exercisable">95,777,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Broker options Schedule of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">broker</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exercise price</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">options</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2019 and June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20200630__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="text-align: right" title="Number of warrants, beginning balance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iI_c20200630__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zT9q6K197wZ6" style="text-align: right" title="Weighted Average exercise price beginning balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Issued - August 2020 Compensation Options</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"/><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200701__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Issued - August 2020 Compensation Options">3,239,907</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zp2RlSonPc57" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Weighted Average exercise price Issued - August 2020 Compensation Options">0.35</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, ending balance">3,239,907</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iI_c20201231__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zSYnRZGaGwE5" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average exercise price ending balance">0.35</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_89B_ecustom--ScheduleOfEstimatedUsingBlackscholesValuationModelForFairValueOfBrokerOptionsTableTextBlock_zAsEBqpULAlh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(i) The grant date fair value of the August 2020 Compensation Options were estimated at $521,993 using the Black-Scholes valuation model with the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Risk free interest rate</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Dividend yield</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Volatility</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Stock price</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Weighted average life</td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 17%; text-align: right">0.31</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">C$0.35</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 17%; text-align: right">3 years</td><td style="width: 1%; text-align: left"> </td></tr> </table> Schedule of Warrants Outstanding Broker Options Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Exercise</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td id="xdx_F61_zmblJJdOAith" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">Expiry date</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">price (C$)</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">broker options</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Fair value ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 49%; text-align: justify"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">August 31, 2023 (i)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20201231__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKDEp_z706wkyhE6V7" style="border-bottom: Black 2.5pt double; text-align: right" title="Exercise price">0.35</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_989_ecustom--NumberOfBrokerOptions_iI_c20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKDEp_zG9vN70QkGZb" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of broker options">3,239,907</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_986_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKDEp_zzJIjqL9vdC9" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants exercisable">521,993</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">Exercisable into one August 2020 Unit</td> </tr></table> Stock options The following table summarizes the stock option activity during the years ended December 31, 2020: Schedule of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_F5D_zufcHV4O0Eje" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_F53_zCQjno0SAv37" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exercise price</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">stock options</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Balance, June 30, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20190701__20200630_zaJEzhYO7TE9" style="width: 14%; text-align: right" title="Number of warrants, beginning balance">287,100</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zEW8HpqLgixi" style="width: 14%; text-align: right" title="Weighted Average exercise price beginning balance">7.50</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F41_znrfiBusPPB2" style="text-align: justify">Granted (i)(ii)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20190701__20200630_fKDEpKDIp_zYnLPQAHbERb" style="text-align: right" title="Number of stock options, Granted">7,532,659</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20180701__20190630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKDEpKDIp_z0YFkHJM3Tai" style="text-align: right" title="Weighted average exercise price, Granted">0.56</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify">Forfeited</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di_c20190701__20200630_zLuTqsq2lj7" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Forfeited">(239,600</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_c20180701__20190630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Forfeited">9.78</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20200701__20201231_z8ZPTpsf7fh2" style="text-align: right" title="Number of warrants, beginning balance">7,580,159</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zaciHmNg6Di4" style="text-align: right" title="Weighted Average exercise price beginning balance">0.62</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_F43_zxZexovMAGjh" style="padding-bottom: 1.5pt; text-align: justify">Granted (iii)(iv)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200701__20201231_fKDMpKDQp_zMpa7SANzGyj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Granted">435,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKDMpKDQp_zydJ7JpcFip9" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Granted">0.55</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20200701__20201231_zTe9Wms2NSh3" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, ending balance">8,015,159</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zkdOD0fKmhlk" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average exercise price ending balance">0.62</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_z1Gq9f46PHlf" style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">On October 24, 2019, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pdd" title="Number of vested stock option shares">1,575,000 stock options were issued to directors and officers of the Company. These options have a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_z9vfpMWm6Zpk" title="Stock option expiration term">5-year life and are exercisable at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zML3Nq3J8OZi" title="Stock option exercise price">0.60 per share. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Fair value of stock option vested">435,069. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Fair value of stock option vested">74,949 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20190701__20200630__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Fair value of stock option vested">309,211 and $nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Stock options (continued) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F03_zg76vHPbw5Y1" style="width: 15pt; text-align: right">(ii)</td><td style="width: 5pt"/><td style="text-align: justify">On April 20, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_pdd" title="Number of vested stock option shares">5,957,659 stock options were issued to certain directors of the Company. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zDxr8c62DG94" title="Stock option exercise price">0.55. The stock options vest in one fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_z62MvOYNLGTc" title="Stock option expiration term">5 years. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Fair value of stock option vested">1,536,764. The vesting of these options results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Fair value of stock option vested">403,456 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20190701__20200630__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Fair value of stock option vested">162,855 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--DirectorsMember_zyvEkiTVFwc2" title="Fair value of stock option vested::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iii)</td><td style="width: 5pt"/><td style="text-align: justify">On September 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pdd" title="Number of vested stock option shares">200,000 stock options were issued to a consultant. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20180926__20180927__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Stock option exercise price">0.60. The stock options vest <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_dp_uPure_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_ztT9D9pNb8Mi" title="Vesting percentage">50% at 6 months and <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_dp_uPure_c20190701__20200630__srt--TitleOfIndividualAxis__custom--ConsultantMember_zh1P592UnwG5" title="Vesting percentage">50% at 12 months from the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zwxGYlGb9lY5" title="Stock option expiration term">3 years. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Fair value of stock option vested">52,909. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_pdd" title="Stock option granted shares">20,259 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__custom--ConsultantMember_zj0jH1CJxxfk" title="Fair value of stock option vested::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--ConsultantMember_zjgazeRT3Oy" title="Fair value of stock option vested::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iv)</td><td style="width: 5pt"/><td style="text-align: justify">On October 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20201026__20201030__srt--TitleOfIndividualAxis__srt--DirectorMember_pdd" title="Number of vested stock option shares">235,000 stock options were issued to a former director. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20201026__20201030__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zDoNf3GRnbu6" title="Stock option exercise price">0.50. The stock options vested immediately and expire on December 31, 2022. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20201026__20201030__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Stock option granted shares">46,277. The vesting of these options resulted in stock based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__srt--DirectorMember_pp0p0" title="Fair value of stock option vested">46,277 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__srt--DirectorMember_zS2KD5kWOzhe" title="Fair value of stock option vested::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__srt--DirectorMember_zWQ3lQC91XL2" title="Fair value of stock option vested::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> The fair value of these stock options was determined on the date of grant using the Black-Scholes valuation model, and using the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Risk free interest rate</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Dividend yield</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Volatility</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Stock price</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Weighted average life</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 14%; text-align: center">(i)</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zg0eMUt9t2q5" style="width: 13%; text-align: right" title="Risk free interest rate">1.54</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zevLxtNsVuLe" style="width: 13%; text-align: right" title="Dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zHXuwZG6VKd8" style="width: 13%; text-align: right" title="Volatility">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">C$<span id="xdx_904_eus-gaap--SharePrice_iI_uCADPShares_c20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z0SUYzmuC65i" title="Stock price">0.50</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zz7oseowJpbi" title="Weighted average life">5 years</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">(ii)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zXKs5cT3Fmig" style="text-align: right" title="Risk free interest rate">0.44</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zzjP1gCQ8U5d" style="text-align: right" title="Dividend yield">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_z59nlo93rNT9" style="text-align: right" title="Volatility">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">C$<span id="xdx_90D_eus-gaap--SharePrice_iI_uCADPShares_c20200630__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zq9CzAGr42N8" title="Stock price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zN1Ob7PkgU38" title="Weighted average life">5 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">(iii)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zxFm8JgcqKCg" title="Risk free interest rate">0.25</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zT4YuTBedM0i" style="text-align: right" title="Dividend yield">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zMeRxy830ik7" style="text-align: right" title="Volatility">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">C$<span id="xdx_90A_eus-gaap--SharePrice_iI_uCADPShares_c20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zSGFa3FNtdB1" title="Stock price">0.58</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zsyI3k6G28Y1" title="Weighted average life">3 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">(iv)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zDw51BqFachk" style="text-align: right" title="Risk free interest rate">0.26</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zgW5H7nwI33l" style="text-align: right" title="Dividend yield">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zSYZDJ52yc4c" title="Volatility">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">C$<span id="xdx_90D_eus-gaap--SharePrice_iI_uCADPShares_c20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zQmkmbCcdDMj" title="Stock price">0.49</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zTYzsk1eCAal" title="Weighted average life">2.2 years</td><td style="text-align: left"> </td></tr> </table> The following table reflects the actual stock options issued and outstanding as of December 31, 2020: Schedule of Stock Option Issued and Outstanding <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted average</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">remaining</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">options</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center">Exercise</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">contractual</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">options</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">vested</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Grant date</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">price (C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">life (years)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">outstanding</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(exercisable)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">fair value ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_uUSDPShares_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z3NV6ElHb1pg" style="width: 17%; text-align: center" title="Exercise price">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 17%; text-align: center"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_zFaI9qEEvzyk" title="Weighted average remaining contractual life (years)">1.33</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pdd" style="width: 17%; text-align: right" title="Number of warrants, beginning balance">47,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pdd" style="width: 16%; text-align: right" title="Number of options vested (exercisable)">47,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pp0p0" style="width: 15%; text-align: right" title="Grant date fair value">258,013</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_uUSDPShares_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z9LOGUF9lgp5" style="padding-bottom: 1.5pt; text-align: center" title="Exercise price">0.50</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_zBTETSmDEV9c" title="Weighted average remaining contractual life (years)">2.00</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="padding-bottom: 1.5pt; text-align: right" title="Number of warrants, beginning balance">235,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="padding-bottom: 1.5pt; text-align: right" title="Number of options vested (exercisable)">235,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pp0p0" style="padding-bottom: 1.5pt; text-align: right" title="Grant date fair value">46,277</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_uUSDPShares_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zd3yYNCBR6o7" style="padding-bottom: 2.5pt; text-align: center" title="Exercise price">0.60</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: center"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_zW3W2YxYjDtj" title="Weighted average remaining contractual life (years)">2.75</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="padding-bottom: 2.5pt; text-align: right" title="Number of warrants, beginning balance">200,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="padding-bottom: 2.5pt; text-align: right" title="Number of options vested (exercisable)">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pp0p0" style="padding-bottom: 2.5pt; text-align: right" title="Grant date fair value">52,909</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zCCfAPmJp53e" style="text-align: center" title="Exercise price">0.60</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_zvSofZq5JMEb" title="Weighted average remaining contractual life (years)">3.82</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="text-align: right" title="Number of warrants, beginning balance">1,575,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="text-align: right" title="Number of options vested (exercisable)">975,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pp0p0" style="text-align: right" title="Grant date fair value">435,069</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zCBN1uZksUI9" style="padding-bottom: 1.5pt; text-align: center" title="Exercise price">0.55</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_zGQ9BOhuIUJl" title="Weighted average remaining contractual life (years)">4.30</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants, beginning balance">5,957,659</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: right" title="Number of options vested (exercisable)">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Grant date fair value">1,536,764</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left"/><td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"/><td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, beginning balance">8,015,159</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of options vested (exercisable)">1,257,500</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Grant date fair value">2,329,032</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

750000000

0.000001

10000000

0.000001

11660000

583000

436608

19640

0.25

2660000

133000

100000

6042954

0.05

302148

228202

36468

0.25

16962846

640556

0.09

858495

27966002

0.05

1398300

1049974

28847

2033998

77117

0.18

197800

1000000

0.05

50000

37550

2991073

0.56

1675000

1256854

95763

239284

0.70

P2Y

696428

300000

107143

0.56

60000

44671

1403200

1912000

0.05

165760

125180

35212142

0.35

9301321

12324250

0.50

709488

849978

2112729

0.35

20866292

0.35

5510736

7303202

237668

314512

1127178

940290

947156

2205714

177353

55676

28300

344185

0.67

899237

5572980

0.49

1600000

500000

23376

The fair value of the warrant liabilities related to the various tranches of warrants issued during the period were estimated using the Binomial model to determine the fair value using the following assumptions on the day of issuance and as at December 31, 2020: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">August 2020 issuance</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">August 14, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features term"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zjXX3XUlvCE4">1112 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features term"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zAQSehkyL3Ci" title="Warrant liabilities, fair value measurement input, conversion features term">973 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zVSg1wIJS841" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zxIzAbxgTjc6" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zJmAGbs56Iif" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.53</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z07qq4hxLnE" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.31</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zX4cCBSGCWJe" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zFKJ2SWGZO65" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zz7yh7G3GBok" style="text-align: right" title="Share price">0.42</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_z8GifeAvkiQb" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200813__20200814__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zEqCSJMwrol4" style="text-align: right" title="Warrant liabilities, fair value">15,746,380</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zjGPMCOF0FRj" style="text-align: right" title="Warrant liabilities, fair value">14,493,215</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember_zx6lxNkq2SI1" style="text-align: right" title="Change in derivative liability">1,253,165</td><td style="text-align: left"> </td></tr> </table> The warrant liabilities as a result of the December 2017, August 2018, November 2018, June 2019 and August 2019 private placements were revalued as at December 31, 2020 and June 30, 2020 using the Binomial model and the following assumptions: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">December 2017 issuance</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_pid_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zgWz6t4pFbZk" title="Warrant liabilities, fair value measurement input, conversion features term">166 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">Expired</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zHaKwHDKjo41" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zGxHoy9hkfyf" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.69</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zLOOZAL5oPE" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zkpUwR6tmZoe" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zxrOqDnHNlM9" style="text-align: right">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zQSoxl99fpJj" style="text-align: right">0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--DecemberTwoThousandSeventeenIssuanceMember_zIjm3clNixv" style="text-align: right" title="Change in derivative liability">0</td><td style="text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">August 2018 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zFfQwvlqw0S6" title="Warrant liabilities, fair value measurement input, conversion features term">405 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_z4b1vE7FPZ4e">221 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zXpkclc897ek" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zUYuzdNRB5w5" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zRVIgJSyKe3d" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.20</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zvOFB7sS4dUc" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.23</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zPsjr0bEPXb1" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_z1y3YByQiNrk" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zcUw0tCa1Oz4" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zxRdPScBSZef" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zOlxH0Y4ESA4" style="text-align: right" title="Warrant liabilities, fair value">6,132</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_zoWZNlCSSVpk" style="text-align: right">0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">6,132</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">November 2018 issuance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zbSErkCoama9" title="Warrant liabilities, fair value measurement input, conversion features term">516 days</td><td> </td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zLq1WOCCDH5g" title="Warrant liabilities, fair value measurement input, conversion features term">332 days</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zoN4Mt6jwVJ9" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zP0OctZvipdc" style="width: 16%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zdIZp01SD4b3" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.34</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z8LJtmW0gl56" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.09</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zJ7do0j4vg4d" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zBy3t6Ltydhf" style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_zSkjceEO0KWe" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_z28Y7dOkI5l3" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_zkCNQUaeKrMg" style="text-align: right" title="Warrant liabilities, fair value">206,253</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueAdjustmentOfWarrants_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_pp0p0" style="text-align: right" title="Warrant liabilities, fair value">52,540</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeGainLossOnDerivativeNet_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_pp0p0" style="text-align: right" title="Change in derivative liability">153,713</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">June 2019 issuance (i)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_F51_zMjdmJs3aeFh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_F5A_zzAWEj6ejqv9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGkp_zVJBW271xaAd" title="Warrant liabilities, fair value measurement input, conversion features term">363 days</td><td> </td><td> </td> <td colspan="2" style="text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGkp_zexRUqxY9HKk" title="Warrant liabilities, fair value measurement input, conversion features term">1826 days</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGkp_zH8z3gsRIjKj" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGkp_zt3wNvpQGcy7" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGkp_zHTxofKVPV5f" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.15</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGkp_zr3ud5ZeIIt7" style="text-align: right">0.85</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGkp_zt67gSOJo43i" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGkp_zuDUTNqXxcna" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_fKGkp_zFfGRFwMh9tf" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember_fKGkp_zxKcTp8lsiHc" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_fKGkp_zUW0ih1onfya" style="text-align: right" title="Warrant liabilities, fair value">6,582,920</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_fKGkp_z6wj1XykWUzi" style="text-align: right" title="Warrant liabilities, fair value">3,438,839</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_fKGkp_z3eQxraePoB8" style="text-align: right" title="Change in derivative liability">3,144,081</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td id="xdx_F0E_zhk8tuUt6WKl" style="width: 4%">(i)</td> <td id="xdx_F19_zaqmX1gyQF66" style="width: 96%">During the six months ended December 31, 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_zkLIjLKQs2ok" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_U3RhdGVtZW50IC0gU2NoZWR1bGUgb2YgRXN0aW1hdGVkIFVzaW5nIHRoZSBCaW5vbWlhbCBNb2RlbCB0byBEZXRlcm1pbmUgdGhlIEZhaXIgVmFsdWUgb2YgV2FycmFudCBMaWFiaWxpdGllcyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" title="Warrants maturity date"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_zdLd4eIO9ug2" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember_zVvjlcFJJSfh" title="Number of warrants issued">11,660,000 warrants.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">August 2019 issuance (ii)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_F5E_zDbhPD3fzTSl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30, 2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_F5F_zd3kujoipjs9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGlpKQ_____zpfh9ZsH8Or5" title="Warrant liabilities, fair value measurement input, conversion features term">397 days</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__srt--RangeAxis__srt--MinimumMember_fKGlpKQ_____zFftfvTCX718" title="Warrant liabilities, fair value measurement input, conversion features term">213-<span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_fKGlpKQ_____zqpoogFaHDnj" title="Warrant liabilities, fair value measurement input, conversion features term">1826 days</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: justify">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGlpKQ_____zD1y0mAU8FGk" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_fKGlpKQ_____zpmAuTni52ni" style="width: 16%; text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGlpKQ_____zkhktlOhV9ob" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">1.11</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_fKGlpKQ_____zEIqSfT865P5" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0.81</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGlpKQ_____ztZxtGM156u1" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_fKGlpKQ_____zeYA2OVuPbfb" style="text-align: right" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zF7RSN1cP5zi" style="text-align: right" title="Share price">0.73</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--SharePrice_iI_pid_uUSDPShares_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zcrncDlB7YU5" style="text-align: right" title="Share price">0.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Fair value</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____z2LKKOB5vtz1" style="text-align: right" title="Warrant liabilities, fair value">11,631,921</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zgNyxGnrCCyj" style="text-align: right" title="Warrant liabilities, fair value">5,922,270</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_fKGlpKQ_____zknH1zIqsmUj" style="text-align: right" title="Change in derivative liability">5,709,651</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(ii)</td><td style="width: 5pt"/><td style="text-align: justify">During the six months ended December 31, 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_zN53SFmzVV16" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_zlNQEAIN2BT3" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_zKef76SUvDL" title="Number of warrants issued">17,920,000 warrants. The terms of the remaining <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--ClassOfWarrantOrRightOutstanding_c20200630__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember_pdd" title="Number of warrants outstanding">2,752,900 warrants remain unchanged.</td> </tr></table>

P1112D

P973D

100

1.53

1.31

0.42

0.41

15746380

14493215

1253165

P166D

100

0.69

0.73

P405D

P221D

100

1.20

1.23

0.73

0.41

6132

P516D

P332D

100

1.34

1.09

0.73

0.41

206253

52540

153713

P363D

P1826D

100

1.15

0.85

0.73

0.41

6582920

3438839

3144081

0.59

2025-12-31

11660000

P397D

P213D

P1826D

100

1.11

0.81

0.73

0.41

11631921

5922270

5709651

0.59

2025-12-31

17920000

2752900

Schedule of Warrant Activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exercise price</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">grant date</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">warrants</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">value ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: justify">Balance, June 30, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zp80VcJIOKT2" style="width: 13%; text-align: right" title="Number of warrants, beginning balance">13,046,484</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zvUQPfDLGNad" style="width: 13%; text-align: right" title="Weighted average exercise price, beginning balance">0.88</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zWkFOkmyIbW7" style="width: 13%; text-align: right" title="Weighted average grant date, beginning balance">0.27</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Issued</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Number of warrants, Issued">27,360,284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zTLa9R610YCd" style="text-align: right" title="Weighted average exercise price, Issued">0.27</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zKomMhpvVVll" style="text-align: right" title="Weighted average grant date, Issued">0.03</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expired</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_iN_di_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zwC0itxQQ4Jc" style="text-align: right" title="Number of warrants, Expired">(229,464</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zOesg6etipg9" style="text-align: right" title="Weighted average exercise price, Expired">8.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageGrantDate_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Weighted average grant date, Expired">3.54</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F42_zWth5yKpDn13" style="padding-bottom: 1.5pt; text-align: justify">Exercised (i)</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zbyNTfDmARj2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants, Exercised">(2,332,900</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKGkp_zach60qeOHu4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Exercised">0.25</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageGrantDate_c20190701__20200630__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zyK0cVRvFgFf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average grant date, Exercised">0.02</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zfXgllATzHe2" style="text-align: right" title="Number of warrants, beginning balance">37,844,404</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z5jFIrlvSCGj" style="text-align: right" title="Weighted average exercise price, beginning balance">0.43</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z3xpj5QkSoee" style="text-align: right" title="Weighted average grant date, beginning balance">0.09</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Issued</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="text-align: right" title="Number of warrants, Issued">58,284,148</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_pid_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z8hGgIqJKsy" style="text-align: right" title="Weighted average exercise price, Issued">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zjVp6fcUYqRi" style="text-align: right" title="Weighted average grant date, Issued">0.11</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify">Expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants, Expired">(350,746</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zc3c4uTjguy2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Expired">14.84</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeituresInPeriodWeightedAverageGrantDate_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average grant date, Expired">5.63</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zrBWAyHPcHS9" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, ending balance">95,777,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iI_pid_c20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z2KsHsDh0Jml" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, ending balance">0.54</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iE_c20200701__20201231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zXOV2V3w2Xkj" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date, ending balance">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

13046484

0.88 0.27

27360284

0.27 0.03

229464

8.50 3.54

2332900

0.25 0.02

37844404

0.43 0.09

58284148

0.50 0.11

-350746

14.84 5.63

95777806

0.54 0.08

2332900

0.25

583225

417006

871710

0.59

3315200

210839

Schedule of Warrants Outstanding Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Exercise</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">warrants</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">Expiry date</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">price (C$)</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">warrants</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">exercisable</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: justify">August 1, 2021</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="width: 13%; text-align: right" title="Exercise price">0.25</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="width: 13%; text-align: right" title="Number of warrants">2,752,900</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="width: 13%; text-align: right" title="Number of warrants exercisable">2,752,900</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">August 9, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">4.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="text-align: right" title="Number of warrants">160,408</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="text-align: right" title="Number of warrants exercisable">160,408</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 28, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">1.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="text-align: right" title="Number of warrants">645,866</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="text-align: right" title="Number of warrants exercisable">645,866</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">November 13, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.80</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="text-align: right" title="Number of warrants">400,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="text-align: right" title="Number of warrants exercisable">400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">November 13, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="text-align: right" title="Number of warrants">400,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="text-align: right" title="Number of warrants exercisable">400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">February 26, 2022</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.70</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="text-align: right" title="Number of warrants">239,284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="text-align: right" title="Number of warrants exercisable">239,284</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">August 31, 2023</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="text-align: right" title="Exercise price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="text-align: right" title="Number of warrants">58,284,148</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="text-align: right" title="Number of warrants exercisable">58,284,148</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">December 31, 2025</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">0.59</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants">32,895,200</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercisable">32,895,200</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants">95,777,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants exercisable">95,777,806</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

2021-08-01

0.25

2752900

2021-08-09

4.50

160408

2021-11-28

1.00

645866

2021-11-13

0.80

400000

2021-11-13

0.50

400000

2022-02-26

0.70

239284

2023-08-31

0.50

58284148

2025-12-31

0.59

32895200

95777806

Schedule of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">broker</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exercise price</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">options</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Balance, June 30, 2019 and June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20200630__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="text-align: right" title="Number of warrants, beginning balance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iI_c20200630__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zT9q6K197wZ6" style="text-align: right" title="Weighted Average exercise price beginning balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Issued - August 2020 Compensation Options</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"/><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200701__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Issued - August 2020 Compensation Options">3,239,907</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zp2RlSonPc57" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Weighted Average exercise price Issued - August 2020 Compensation Options">0.35</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, ending balance">3,239,907</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iI_c20201231__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zSYnRZGaGwE5" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average exercise price ending balance">0.35</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

3239907

0.35

3239907

0.35

<p id="xdx_89B_ecustom--ScheduleOfEstimatedUsingBlackscholesValuationModelForFairValueOfBrokerOptionsTableTextBlock_zAsEBqpULAlh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(i) The grant date fair value of the August 2020 Compensation Options were estimated at $521,993 using the Black-Scholes valuation model with the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Risk free interest rate</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Dividend yield</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Volatility</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Stock price</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Weighted average life</td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 17%; text-align: right">0.31</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">C$0.35</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 17%; text-align: right">3 years</td><td style="width: 1%; text-align: left"> </td></tr> </table>

0.0031

0.35

P3Y

Schedule of Warrants Outstanding Broker Options Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Exercise</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td id="xdx_F61_zmblJJdOAith" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">Expiry date</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">price (C$)</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">broker options</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Fair value ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 49%; text-align: justify"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">August 31, 2023 (i)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20201231__us-gaap--TypeOfArrangementAxis__custom--BrokerOptionsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKDEp_z706wkyhE6V7" style="border-bottom: Black 2.5pt double; text-align: right" title="Exercise price">0.35</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_989_ecustom--NumberOfBrokerOptions_iI_c20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKDEp_zG9vN70QkGZb" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of broker options">3,239,907</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_986_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKDEp_zzJIjqL9vdC9" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants exercisable">521,993</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">Exercisable into one August 2020 Unit</td> </tr></table>

2023-08-31

0.35

3239907

521993

The following table summarizes the stock option activity during the years ended December 31, 2020: Schedule of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_F5D_zufcHV4O0Eje" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_F53_zCQjno0SAv37" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exercise price</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">stock options</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Balance, June 30, 2019</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20190701__20200630_zaJEzhYO7TE9" style="width: 14%; text-align: right" title="Number of warrants, beginning balance">287,100</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zEW8HpqLgixi" style="width: 14%; text-align: right" title="Weighted Average exercise price beginning balance">7.50</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F41_znrfiBusPPB2" style="text-align: justify">Granted (i)(ii)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20190701__20200630_fKDEpKDIp_zYnLPQAHbERb" style="text-align: right" title="Number of stock options, Granted">7,532,659</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20180701__20190630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKDEpKDIp_z0YFkHJM3Tai" style="text-align: right" title="Weighted average exercise price, Granted">0.56</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify">Forfeited</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di_c20190701__20200630_zLuTqsq2lj7" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Forfeited">(239,600</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_c20180701__20190630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Forfeited">9.78</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Balance, June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20200701__20201231_z8ZPTpsf7fh2" style="text-align: right" title="Number of warrants, beginning balance">7,580,159</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zaciHmNg6Di4" style="text-align: right" title="Weighted Average exercise price beginning balance">0.62</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_F43_zxZexovMAGjh" style="padding-bottom: 1.5pt; text-align: justify">Granted (iii)(iv)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200701__20201231_fKDMpKDQp_zMpa7SANzGyj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Granted">435,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_fKDMpKDQp_zydJ7JpcFip9" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, Granted">0.55</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance, December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20200701__20201231_zTe9Wms2NSh3" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, ending balance">8,015,159</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zkdOD0fKmhlk" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average exercise price ending balance">0.62</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_z1Gq9f46PHlf" style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">On October 24, 2019, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pdd" title="Number of vested stock option shares">1,575,000 stock options were issued to directors and officers of the Company. These options have a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_z9vfpMWm6Zpk" title="Stock option expiration term">5-year life and are exercisable at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zML3Nq3J8OZi" title="Stock option exercise price">0.60 per share. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Fair value of stock option vested">435,069. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Fair value of stock option vested">74,949 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20190701__20200630__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Fair value of stock option vested">309,211 and $nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 10. Capital stock, warrants and stock options (continued) Stock options (continued) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F03_zg76vHPbw5Y1" style="width: 15pt; text-align: right">(ii)</td><td style="width: 5pt"/><td style="text-align: justify">On April 20, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_pdd" title="Number of vested stock option shares">5,957,659 stock options were issued to certain directors of the Company. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zDxr8c62DG94" title="Stock option exercise price">0.55. The stock options vest in one fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_z62MvOYNLGTc" title="Stock option expiration term">5 years. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Fair value of stock option vested">1,536,764. The vesting of these options results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Fair value of stock option vested">403,456 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20190701__20200630__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Fair value of stock option vested">162,855 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--DirectorsMember_zyvEkiTVFwc2" title="Fair value of stock option vested::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iii)</td><td style="width: 5pt"/><td style="text-align: justify">On September 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pdd" title="Number of vested stock option shares">200,000 stock options were issued to a consultant. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20180926__20180927__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Stock option exercise price">0.60. The stock options vest <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_dp_uPure_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_ztT9D9pNb8Mi" title="Vesting percentage">50% at 6 months and <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_dp_uPure_c20190701__20200630__srt--TitleOfIndividualAxis__custom--ConsultantMember_zh1P592UnwG5" title="Vesting percentage">50% at 12 months from the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zwxGYlGb9lY5" title="Stock option expiration term">3 years. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Fair value of stock option vested">52,909. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_pdd" title="Stock option granted shares">20,259 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__custom--ConsultantMember_zj0jH1CJxxfk" title="Fair value of stock option vested::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--ConsultantMember_zjgazeRT3Oy" title="Fair value of stock option vested::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iv)</td><td style="width: 5pt"/><td style="text-align: justify">On October 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20201026__20201030__srt--TitleOfIndividualAxis__srt--DirectorMember_pdd" title="Number of vested stock option shares">235,000 stock options were issued to a former director. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20201026__20201030__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zDoNf3GRnbu6" title="Stock option exercise price">0.50. The stock options vested immediately and expire on December 31, 2022. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20201026__20201030__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_pdd" title="Stock option granted shares">46,277. The vesting of these options resulted in stock based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200701__20201231__srt--TitleOfIndividualAxis__srt--DirectorMember_pp0p0" title="Fair value of stock option vested">46,277 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__srt--DirectorMember_zS2KD5kWOzhe" title="Fair value of stock option vested::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIENhcGl0YWwgU3RvY2ssIFdhcnJhbnRzIGFuZCBTdG9jayBPcHRpb25zIC0gU2NoZWR1bGUgb2YgU3RvY2sgT3B0aW9ucyAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__srt--DirectorMember_zWQ3lQC91XL2" title="Fair value of stock option vested::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table>

287100

7.50

7532659

0.56

239600

9.78

7580159

0.62

435000

0.55

8015159

0.62

1575000

P5Y

0.60

435069

74949

309211

5957659

0.55

P5Y

1536764

403456

162855

200000

0.60

0.50

P3Y

52909

20259

235000

0.50

46277

The fair value of these stock options was determined on the date of grant using the Black-Scholes valuation model, and using the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Risk free interest rate</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Dividend yield</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Volatility</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Stock price</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Weighted average life</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 14%; text-align: center">(i)</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zg0eMUt9t2q5" style="width: 13%; text-align: right" title="Risk free interest rate">1.54</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zevLxtNsVuLe" style="width: 13%; text-align: right" title="Dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zHXuwZG6VKd8" style="width: 13%; text-align: right" title="Volatility">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">C$<span id="xdx_904_eus-gaap--SharePrice_iI_uCADPShares_c20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z0SUYzmuC65i" title="Stock price">0.50</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zz7oseowJpbi" title="Weighted average life">5 years</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">(ii)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zXKs5cT3Fmig" style="text-align: right" title="Risk free interest rate">0.44</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zzjP1gCQ8U5d" style="text-align: right" title="Dividend yield">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_z59nlo93rNT9" style="text-align: right" title="Volatility">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">C$<span id="xdx_90D_eus-gaap--SharePrice_iI_uCADPShares_c20200630__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zq9CzAGr42N8" title="Stock price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zN1Ob7PkgU38" title="Weighted average life">5 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">(iii)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zxFm8JgcqKCg" title="Risk free interest rate">0.25</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zT4YuTBedM0i" style="text-align: right" title="Dividend yield">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zMeRxy830ik7" style="text-align: right" title="Volatility">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">C$<span id="xdx_90A_eus-gaap--SharePrice_iI_uCADPShares_c20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zSGFa3FNtdB1" title="Stock price">0.58</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zsyI3k6G28Y1" title="Weighted average life">3 years</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">(iv)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zDw51BqFachk" style="text-align: right" title="Risk free interest rate">0.26</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zgW5H7nwI33l" style="text-align: right" title="Dividend yield">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zSYZDJ52yc4c" title="Volatility">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">C$<span id="xdx_90D_eus-gaap--SharePrice_iI_uCADPShares_c20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zQmkmbCcdDMj" title="Stock price">0.49</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20200701__20201231__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zTYzsk1eCAal" title="Weighted average life">2.2 years</td><td style="text-align: left"> </td></tr> </table>

0.0154

0.50

P5Y

0.0044

0.50

P5Y

0.0025

0.58

P3Y

0.0026

0.49

P2Y2M12D

The following table reflects the actual stock options issued and outstanding as of December 31, 2020: Schedule of Stock Option Issued and Outstanding <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted average</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">remaining</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">options</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center">Exercise</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">contractual</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">options</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">vested</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Grant date</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">price (C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">life (years)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">outstanding</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(exercisable)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">fair value ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_uUSDPShares_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z3NV6ElHb1pg" style="width: 17%; text-align: center" title="Exercise price">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 17%; text-align: center"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_zFaI9qEEvzyk" title="Weighted average remaining contractual life (years)">1.33</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pdd" style="width: 17%; text-align: right" title="Number of warrants, beginning balance">47,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pdd" style="width: 16%; text-align: right" title="Number of options vested (exercisable)">47,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pp0p0" style="width: 15%; text-align: right" title="Grant date fair value">258,013</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_uUSDPShares_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z9LOGUF9lgp5" style="padding-bottom: 1.5pt; text-align: center" title="Exercise price">0.50</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_zBTETSmDEV9c" title="Weighted average remaining contractual life (years)">2.00</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="padding-bottom: 1.5pt; text-align: right" title="Number of warrants, beginning balance">235,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="padding-bottom: 1.5pt; text-align: right" title="Number of options vested (exercisable)">235,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pp0p0" style="padding-bottom: 1.5pt; text-align: right" title="Grant date fair value">46,277</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_uUSDPShares_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zd3yYNCBR6o7" style="padding-bottom: 2.5pt; text-align: center" title="Exercise price">0.60</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: center"><span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_zW3W2YxYjDtj" title="Weighted average remaining contractual life (years)">2.75</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="padding-bottom: 2.5pt; text-align: right" title="Number of warrants, beginning balance">200,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="padding-bottom: 2.5pt; text-align: right" title="Number of options vested (exercisable)">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pp0p0" style="padding-bottom: 2.5pt; text-align: right" title="Grant date fair value">52,909</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zCCfAPmJp53e" style="text-align: center" title="Exercise price">0.60</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_zvSofZq5JMEb" title="Weighted average remaining contractual life (years)">3.82</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="text-align: right" title="Number of warrants, beginning balance">1,575,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="text-align: right" title="Number of options vested (exercisable)">975,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pp0p0" style="text-align: right" title="Grant date fair value">435,069</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zCBN1uZksUI9" style="padding-bottom: 1.5pt; text-align: center" title="Exercise price">0.55</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"><span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200701__20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_zGQ9BOhuIUJl" title="Weighted average remaining contractual life (years)">4.30</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants, beginning balance">5,957,659</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: right" title="Number of options vested (exercisable)">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Grant date fair value">1,536,764</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left"/><td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"/><td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, beginning balance">8,015,159</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20201231_pdd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of options vested (exercisable)">1,257,500</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Grant date fair value">2,329,032</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

10.00

P1Y3M29D

47500

258013

0.50

P2Y

235000

46277

0.60

P2Y9M

200000

52909

0.60

P3Y9M25D

1575000

975000

435069

0.55

P4Y3M18D

5957659

1536764

8015159

1257500

2329032

11. Restricted share units Effective March 25, 2020, the Board of Directors approved a Restricted Share Unit (“RSU”) Plan to grant RSUs to its officers, directors, key employees and consultants. The following table summarizes the RSU activity during the years ended December 31, 2020: Schedule of Restricted Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" id="xdx_49B_20190701__20200630_ziyWeZcWhQVg" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">grant date</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">fair value</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">per share</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">shares</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Unvested as at June 30, 2019</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20190701__20200630_zMUXaSLbK4S4" style="text-align: right" title="Number of shares, Unvested, Beginning balance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20190701__20200630_zMsCyF21y1ri" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F43_zqVTaPuTIBkd" style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Granted (i)(ii)</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"/><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20190701__20200630_fKGkpKGlpKQ_____zNPQis87DkGk" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Number of shares, Granted">600,000</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20190701__20200630_fKGkpKGlpKQ_____zLYNd0U5p8Mb" title="Weighted average grant date fair value per share, Granted">0.40</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_di_zrF7e3a47VQi" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Number of shares, Vested</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_zCckDiRfYPUl" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Weighted average grant date fair value per share, Vested</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_di_zR0E3Z26rOn5" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Number of shares, Forfeited</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_zwt6xEvoKUYd" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Weighted average grant date fair value per share, Forfeited</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Unvested as at June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20200701__20201231_zEqnmd8yEDAe" style="text-align: right" title="Number of shares, Unvested, Beginning balance">600,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20200701__20201231_zZMMimu6I0l" title="Weighted average grant date fair value per share, Unvested, Beginning balance">0.40</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F45_zkNttPPGFyc6" style="padding-bottom: 1.5pt; text-align: justify">Granted (iii)(iv)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20200701__20201231_fKGlpaSkoaXYp_zehRtZniMgcj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted">388,990</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20200701__20201231_fKGlpaSkoaXYp_zgFBgpkfQO23" title="Weighted average grant date fair value per share, Granted">0.39</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Unvested as at December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20200701__20201231_z0E3YY5aJa9f" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of shares, Unvested, Ending balance">988,990</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200701__20201231_zWAG8waqkMac" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.39</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0C_zXaFg5xyXi92" style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20200419__20200420__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zwsgMRG4Pe4h" title="Share based payment award, grants in period">400,000 RSUs to a certain officer of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20201231__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zHBUMsJRNXYj" title="Share-based Payment Arrangement, Expense">41,540 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20200630__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zC4kIkHgjOdi" title="Share-based Payment Arrangement, Expense">17,384 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zZPqr3HDMwqd" title="Share-based Payment Arrangement, Expense::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(ii)</td><td style="width: 5pt"/><td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200419__20200420__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zuqTpgw51kC2" title="Share based payment award, grants in period">200,000 RSUs to a certain director of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20201231__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zlKPul9dYYu2" title="Share-based Payment Arrangement, Expense">20,574 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20200630__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zICdBBdOUwK8" title="Share-based Payment Arrangement, Expense">8,274 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20191231__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zvwdFOGprusj" title="Share-based Payment Arrangement, Expense::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iii)</td><td style="width: 5pt"/><td style="text-align: justify">On November 16, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201114__20201116__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zyUl5s0T36O8" title="Share based payment award, grants in period">168,000 RSUs to certain directors of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20211231__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zn0lNHAry35h">3,998 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zYiVB6ulZe58" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zMbR7PFVerIb" title="::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iv)</td><td style="width: 5pt"/><td style="text-align: justify">On December 6, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201205__20201206__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zzkiUcdkns" title="Share based payment award, grants in period">220,990 RSUs to a consultant of the Company. The RSUs vest in one sixth increments per month. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zAVRTWAJ0AJh" title="Share-based Payment Arrangement, Expense">29,304 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zkGqwCkyhX2b" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zA4ZAsqWbGkc" title="::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

The following table summarizes the RSU activity during the years ended December 31, 2020: Schedule of Restricted Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" id="xdx_49B_20190701__20200630_ziyWeZcWhQVg" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">grant date</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">fair value</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">per share</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">shares</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Unvested as at June 30, 2019</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20190701__20200630_zMUXaSLbK4S4" style="text-align: right" title="Number of shares, Unvested, Beginning balance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20190701__20200630_zMsCyF21y1ri" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F43_zqVTaPuTIBkd" style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Granted (i)(ii)</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"/><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20190701__20200630_fKGkpKGlpKQ_____zNPQis87DkGk" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Number of shares, Granted">600,000</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20190701__20200630_fKGkpKGlpKQ_____zLYNd0U5p8Mb" title="Weighted average grant date fair value per share, Granted">0.40</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_di_zrF7e3a47VQi" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Number of shares, Vested</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_zCckDiRfYPUl" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Weighted average grant date fair value per share, Vested</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_di_zR0E3Z26rOn5" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Number of shares, Forfeited</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_zwt6xEvoKUYd" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Weighted average grant date fair value per share, Forfeited</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Unvested as at June 30, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20200701__20201231_zEqnmd8yEDAe" style="text-align: right" title="Number of shares, Unvested, Beginning balance">600,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20200701__20201231_zZMMimu6I0l" title="Weighted average grant date fair value per share, Unvested, Beginning balance">0.40</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F45_zkNttPPGFyc6" style="padding-bottom: 1.5pt; text-align: justify">Granted (iii)(iv)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20200701__20201231_fKGlpaSkoaXYp_zehRtZniMgcj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares, Granted">388,990</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20200701__20201231_fKGlpaSkoaXYp_zgFBgpkfQO23" title="Weighted average grant date fair value per share, Granted">0.39</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Unvested as at December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20200701__20201231_z0E3YY5aJa9f" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of shares, Unvested, Ending balance">988,990</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200701__20201231_zWAG8waqkMac" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.39</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0C_zXaFg5xyXi92" style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20200419__20200420__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zwsgMRG4Pe4h" title="Share based payment award, grants in period">400,000 RSUs to a certain officer of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20201231__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zHBUMsJRNXYj" title="Share-based Payment Arrangement, Expense">41,540 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20200630__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zC4kIkHgjOdi" title="Share-based Payment Arrangement, Expense">17,384 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zZPqr3HDMwqd" title="Share-based Payment Arrangement, Expense::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(ii)</td><td style="width: 5pt"/><td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200419__20200420__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zuqTpgw51kC2" title="Share based payment award, grants in period">200,000 RSUs to a certain director of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20201231__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zlKPul9dYYu2" title="Share-based Payment Arrangement, Expense">20,574 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20200630__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zICdBBdOUwK8" title="Share-based Payment Arrangement, Expense">8,274 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20191231__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zvwdFOGprusj" title="Share-based Payment Arrangement, Expense::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iii)</td><td style="width: 5pt"/><td style="text-align: justify">On November 16, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201114__20201116__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zyUl5s0T36O8" title="Share based payment award, grants in period">168,000 RSUs to certain directors of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20211231__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zn0lNHAry35h">3,998 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zYiVB6ulZe58" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zMbR7PFVerIb" title="::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(iv)</td><td style="width: 5pt"/><td style="text-align: justify">On December 6, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201205__20201206__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zzkiUcdkns" title="Share based payment award, grants in period">220,990 RSUs to a consultant of the Company. The RSUs vest in one sixth increments per month. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zAVRTWAJ0AJh" title="Share-based Payment Arrangement, Expense">29,304 for the six months ended December 31, 2020 (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zkGqwCkyhX2b" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20190701__20200630__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zA4ZAsqWbGkc" title="::XDX::-">nil), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table>

600000

0.40

600000

0.40

388990

0.39

988990

0.39

400000

41540

17384

200000

20574

8274

168000

3998

220990

29304

12. Deferred share units Effective April 21, 2020, the Board of Directors approved a Deferred Share Unit (“DSU”) Plan to grant DSUs to its directors. The DSU Plan permits the eligible directors to defer receipt of all or a portion of their retainer or compensation until termination of their services and to receive such fees in the form of cash at that time. Upon vesting of the DSUs or termination of service as a director, the director will be able to redeem DSUs based upon the then market price of the Company’s common share on the date of redemption in exchange for cash. The following table summarizes the DSU activity during the years ended December 31, 2020: Schedule of Deferred Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">grant date</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">fair value</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">per share</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">shares</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Unvested as at June 30, 2019</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_c20190701__20200630__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zHpYEaFoh1o4" style="text-align: right" title="Number of shares, Unvested, Beginning balance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zIJED1fQtrKd" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F4C_zqW4tsMalvg" style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Granted (i)</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"/><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20190701__20200630__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_fKGkp_zhjJ468vM97k" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Number of shares, Granted">7,500,000</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_fKGkp_zdehjDL2kdu1" title="Number of shares, Granted">0.65</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Unvested as at June 30, 2020 and December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20190701__20200630__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zO7WWhrmAXI9" title="Number of shares, Unvested, Ending balance"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20200701__20201231__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zM9ccLFdHwG8" title="Number of shares, Unvested, Ending balance">7,500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zPF0fzKEUTta" title="Weighted average grant date fair value per share, Unvested, Ending balance"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zdY2C3LfiSbi" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.65</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0A_zYJ1PxUcOmbf" style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">On April 21, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsDeferredShareUnitsGrantsInPeriod_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zKuC10jVbZYk" title="Number of shares, granted in deferred share units">7,500,000 DSUs. The DSUs vest in one fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardDeferredShareUnitsExpiration_dtY_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zl5UNn37OoQ6" title="Grant date and expire in deferred share units">5 years. During the six months ended December 31, 2020, the Company recognized $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20201231__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zkfG4xHcLggj" title="Share-based Payment Arrangement, Expense">560,461 stock-based compensation related to the DSUs (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20200630__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zDIERlya1ww9">549,664 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90F_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zryqOqYnqOBl" title="Share-based Payment Arrangement, Expense::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table> The following table summarizes the DSU activity during the years ended December 31, 2020: Schedule of Deferred Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">average</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">grant date</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">fair value</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">per share</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">shares</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Unvested as at June 30, 2019</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_c20190701__20200630__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zHpYEaFoh1o4" style="text-align: right" title="Number of shares, Unvested, Beginning balance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zIJED1fQtrKd" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_F4C_zqW4tsMalvg" style="padding-bottom: 1.5pt; width: 64%; text-align: justify">Granted (i)</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"/><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20190701__20200630__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_fKGkp_zhjJ468vM97k" style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right" title="Number of shares, Granted">7,500,000</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_fKGkp_zdehjDL2kdu1" title="Number of shares, Granted">0.65</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: justify">Unvested as at June 30, 2020 and December 31, 2020</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"/><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20190701__20200630__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zO7WWhrmAXI9" title="Number of shares, Unvested, Ending balance"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20200701__20201231__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zM9ccLFdHwG8" title="Number of shares, Unvested, Ending balance">7,500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_c20190701__20200630__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zPF0fzKEUTta" title="Weighted average grant date fair value per share, Unvested, Ending balance"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_c20200701__20201231__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zdY2C3LfiSbi" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.65</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0A_zYJ1PxUcOmbf" style="width: 15pt; text-align: right">(i)</td><td style="width: 5pt"/><td style="text-align: justify">On April 21, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsDeferredShareUnitsGrantsInPeriod_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zKuC10jVbZYk" title="Number of shares, granted in deferred share units">7,500,000 DSUs. The DSUs vest in one fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardDeferredShareUnitsExpiration_dtY_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zl5UNn37OoQ6" title="Grant date and expire in deferred share units">5 years. During the six months ended December 31, 2020, the Company recognized $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20201231__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zkfG4xHcLggj" title="Share-based Payment Arrangement, Expense">560,461 stock-based compensation related to the DSUs (years ended June 30, 2020 and 2019 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20190701__20200630__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zDIERlya1ww9">549,664 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90F_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20180701__20190630__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zryqOqYnqOBl" title="Share-based Payment Arrangement, Expense::XDX::-">nil, respectively), which is included in operation and administration expenses on the consolidated statements of loss and comprehensive loss.</td> </tr></table>

7500000

0.65

7500000

0.65

7500000 P5Y

560461

549664

13. Commitments and contingencies As stipulated by the agreements with Placer Mining as described in note 6, the Company is required to make monthly payment of $60,000 for care and maintenance. As stipulated in the agreement with the EPA and as described in note 6, the Company is required to make two payments to the EPA, one for cost-recovery, and the other for water treatment. As at December 31, 2020, $11,298,594 payable to the EPA has been included in accounts payable and accrued liabilities. The Company is now engaged with the EPA to discuss an amendment to or deferral of these payments. The Company has entered into a lease agreement which expires in May 2022. Monthly rental expenses are approximately C$26,000 and are offset by rental income obtained through a series of short term subleases held by the Company. See note 9.

60000

11298594

expires in May 2022

14. Income taxes As at December 31, 2020 and June 30, 2020 and 2019, the Company had no accrued interest and penalties related to uncertain tax positions. The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of <span id="xdx_901_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_c20200701__20201231_zQtgf4paAqhi" title="Income tax rate reconciliation, federal statutory income tax rate, percent">26.9% (June 30, 2019 - <span id="xdx_909_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_c20180701__20190630_zokpkn6XqIAe" title="Income tax rate reconciliation, federal statutory income tax rate, percent">26.9%) to pretax loss from operations for the periods ended December 31, 2020 and June 30, 2020 and 2019 due to the following: Schedule of Income Tax Provision <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20200701__20201231_zLBV8fniroz3" style="font-weight: bold; text-align: center">Six Months</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20190701__20200630_zlcAgiN52Fmd" style="font-weight: bold; text-align: center">Year</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20180701__20190630_z7hKYMzPIoi7" style="font-weight: bold; text-align: center">Year</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr id="xdx_402_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_iN_pp0p0_di_zpgXyaO005oe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; width: 49%; text-align: justify">Loss before income taxes</td><td style="padding-bottom: 1.5pt; width: 2%; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 13%; font-weight: bold; text-align: right">2,164,454</td><td style="padding-bottom: 1.5pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 13%; text-align: right">31,321,791</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 13%; text-align: right">8,442,320</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_iN_pp0p0_di_zF5j9Sa8C7L2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Expected income tax recovery</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(582,238</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,425,600</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,271,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--IncomeTaxReconciliationOtherAdjustments_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Adjustment on losses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">668,936</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">673,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">563,070</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Change in valuation allowance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(86,698</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,752,600</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,707,930</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--IncomeTaxExpenseBenefit_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: justify">Total</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Deferred tax assets and the valuation account are as follows: Schedule of Deferred Tax Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20201231_zE6PKtm9OD6j" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_493_20200630_zaEalYNG7Qf3" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190630_zofT9D8ycFT6" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax asset:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pp0p0_maDTANzmtJ_zFI1ZO3DPEYb" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 49%; text-align: left">Net operating loss carry forward</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 13%; font-weight: bold; text-align: right">5,715,740</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">6,374,700</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">4,285,020</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxAssetsOther_iI_pp0p0_maDTANzmtJ_z6IgehmSUdui" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Other deferred tax assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8,821,870</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,916,350</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,392,290</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pp0p0_di_msDTANzmtJ_zMncAfKCn0xe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Valuation allowance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(14,550,740</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,304,180</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,687,200</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsUnrealizedCurrencyLosses_iI_pp0p0_maDTANzmtJ_zLstI9XiSMhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Unrealized foreign exchange loss</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">13,130</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,130</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,870</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsPropertyPlantAndEquipment_iI_pp0p0_maDTANzmtJ_zbvOBKMnTQZ7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt; text-align: left">Equipment</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,020</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxAssetsNet_iTI_pp0p0_mtDTANzmtJ_zZBlSAYb7fvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Total</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Schedule of Components of Deferred Tax Assets and Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20201231_zJHZRpyh2uS5" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_493_20200630_zlskGrtDBfid" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190630_zYwzHfAiCzne" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax asset:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DeferredTaxAssetsNonCapitalLossesCarriedForward_iI_pp0p0_maDTANzXC2_zHCAY753tmv4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 49%; text-align: left">Non-capital losses carried forward</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 13%; font-weight: bold; text-align: right">16,716</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">10,050</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,530,460</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DeferredTaxAssetsLeaseLiabilities_iI_pp0p0_maDTANzXC2_zmclvwh9MFCj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Lease liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57,120</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred tax liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DeferredTaxLiabilitiesConvertibleDebt_iNI_pp0p0_di_msDTANzXC2_z1GREDOrqZQl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Convertible debt</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,530,460</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxLiabilitiesPropertyPlantAndEquipment_iNI_pp0p0_di_msDTANzXC2_z04l7Prhlbm9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Equipment</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(16,716</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,050</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxLiabilitiesOther_iNI_pp0p0_di_msDTANzXC2_zvSYQooC5s87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1.5pt; text-align: left">Right of use assets and lease obligations</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(57,120</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsNet_iI_pp0p0_mtDTANzXC2_z7lQJWsPvy5d" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Net deferred tax asset</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The potential income tax benefit of these losses has been offset by a full valuation allowance. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 14. Income taxes (continued) As of December 31, 2020 and June 30, 2020, the Company has an unused net operating loss carry-forward balance of $21,310,259 and $19,775,710, respectively, that is available to offset future taxable income. The US non-capital loss carryforwards generated before 2018 expire between 2031 and 2037. The losses generated after 2018 do not expire. The Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months. The tax years that remain subject to examination by major taxing jurisdictions are those for the period ended December 31, 2020 and years ended June 30, 2020, 2019, 2018, 2017, 2016, 2015, 2014, and 2013.

0.269

Schedule of Income Tax Provision <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20200701__20201231_zLBV8fniroz3" style="font-weight: bold; text-align: center">Six Months</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20190701__20200630_zlcAgiN52Fmd" style="font-weight: bold; text-align: center">Year</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20180701__20190630_z7hKYMzPIoi7" style="font-weight: bold; text-align: center">Year</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr id="xdx_402_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_iN_pp0p0_di_zpgXyaO005oe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; width: 49%; text-align: justify">Loss before income taxes</td><td style="padding-bottom: 1.5pt; width: 2%; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 13%; font-weight: bold; text-align: right">2,164,454</td><td style="padding-bottom: 1.5pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 13%; text-align: right">31,321,791</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 13%; text-align: right">8,442,320</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_iN_pp0p0_di_zF5j9Sa8C7L2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Expected income tax recovery</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(582,238</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,425,600</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,271,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--IncomeTaxReconciliationOtherAdjustments_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Adjustment on losses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">668,936</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">673,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">563,070</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: justify">Change in valuation allowance</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(86,698</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,752,600</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,707,930</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--IncomeTaxExpenseBenefit_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: justify">Total</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

-2164454

-31321791

-8442320

582238

8425600

2271000

668936

673000

563070

-86698

7752600

1707930

Deferred tax assets and the valuation account are as follows: Schedule of Deferred Tax Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20201231_zE6PKtm9OD6j" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_493_20200630_zaEalYNG7Qf3" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190630_zofT9D8ycFT6" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax asset:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pp0p0_maDTANzmtJ_zFI1ZO3DPEYb" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 49%; text-align: left">Net operating loss carry forward</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 13%; font-weight: bold; text-align: right">5,715,740</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">6,374,700</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">4,285,020</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxAssetsOther_iI_pp0p0_maDTANzmtJ_z6IgehmSUdui" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Other deferred tax assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8,821,870</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,916,350</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,392,290</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pp0p0_di_msDTANzmtJ_zMncAfKCn0xe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Valuation allowance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(14,550,740</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,304,180</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,687,200</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsUnrealizedCurrencyLosses_iI_pp0p0_maDTANzmtJ_zLstI9XiSMhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Unrealized foreign exchange loss</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">13,130</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,130</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,870</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsPropertyPlantAndEquipment_iI_pp0p0_maDTANzmtJ_zbvOBKMnTQZ7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt; text-align: left">Equipment</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,020</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxAssetsNet_iTI_pp0p0_mtDTANzmtJ_zZBlSAYb7fvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Total</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

5715740

6374700

4285020

8821870

8916350

3392290

14550740

15304180

7687200

13130

8870

1020

Schedule of Components of Deferred Tax Assets and Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20201231_zJHZRpyh2uS5" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_493_20200630_zlskGrtDBfid" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190630_zYwzHfAiCzne" style="font-weight: bold; text-align: center">June 30,</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax asset:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DeferredTaxAssetsNonCapitalLossesCarriedForward_iI_pp0p0_maDTANzXC2_zHCAY753tmv4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 49%; text-align: left">Non-capital losses carried forward</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 13%; font-weight: bold; text-align: right">16,716</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">10,050</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,530,460</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DeferredTaxAssetsLeaseLiabilities_iI_pp0p0_maDTANzXC2_zmclvwh9MFCj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Lease liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57,120</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred tax liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DeferredTaxLiabilitiesConvertibleDebt_iNI_pp0p0_di_msDTANzXC2_z1GREDOrqZQl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Convertible debt</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,530,460</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxLiabilitiesPropertyPlantAndEquipment_iNI_pp0p0_di_msDTANzXC2_z04l7Prhlbm9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Equipment</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(16,716</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,050</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxLiabilitiesOther_iNI_pp0p0_di_msDTANzXC2_zvSYQooC5s87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1.5pt; text-align: left">Right of use assets and lease obligations</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(57,120</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsNet_iI_pp0p0_mtDTANzXC2_z7lQJWsPvy5d" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Net deferred tax asset</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

16716 10050 1530460 57120 1530460

16716

10050

57120

21310259

19775710

The US non-capital loss carryforwards generated before 2018 expire between 2031 and 2037. The losses generated after 2018 do not expire

15. Related party transactions (i) During the six months ended December 31, 2020, John Ryan (Director and former CEO) billed $<span id="xdx_903_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JohnRyanMember_pp0p0" title="Related party transactions">13,500 (years ended June 30, 2020 and 2019 - $<span id="xdx_90C_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JohnRyanMember_pp0p0" title="Related party transactions">51,500 and $<span id="xdx_903_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JohnRyanMember_pp0p0" title="Related party transactions">50,000, respectively) for consulting services to the Company. (ii) During the six months ended December 31, 2020, Wayne Parsons (Director and former CFO) billed $<span id="xdx_904_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--WayneParsonsMember_pp0p0" title="Related party transactions">71,390 (years ended June 30, 2020 and 2019 - $<span id="xdx_90B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--WayneParsonsMember_pp0p0" title="Related party transactions">136,045 and $<span id="xdx_904_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pp0p0_dxL_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--WayneParsonsMember_zaCsvKks5Dkg" title="::XDX::-">nil, respectively) for consulting services to the Company. (iii) During the six months ended December 31, 2020, Hugh Aird (former Director) billed $<span id="xdx_906_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HughAirdMember_pp0p0" title="Related party transactions">18,223 (years ended June 30, 2020 and 2019 - $<span id="xdx_90D_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HughAirdMember_pp0p0" title="Related party transactions">9,774 and $<span id="xdx_909_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pp0p0_dxL_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HughAirdMember_z33uIzWMBGHk" title="::XDX::-">nil, respectively) for consulting services to the Company. (iv) During the six months ended December 31, 2020, Richard Williams (Director and Executive Chairman) billed $<span id="xdx_908_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RichardWilliamsMember_pp0p0" title="Related party transactions">78,201 (years ended June 30, 2020 and 2019 - $<span id="xdx_902_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RichardWilliamsMember_pp0p0" title="Related party transactions">134,927 and $<span id="xdx_902_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pp0p0_dxL_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RichardWilliamsMember_zf3SiwG7IHq3" title="Related party transactions::XDX::-">nil, respectively) for consulting services to the Company. At December 31, 2020, $45,000 is owed to Mr. Williams (June 30, 2020 - $121,161) with all amounts included in accounts payable and accrued liabilities During the six months ended December 31, 2020, the Company issued <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RichardWilliamsMember_zy4ThPrYb9w8" title="Number of shares issued">214,286 August 2020 Units at $<span id="xdx_90A_ecustom--DeemedPrice_iI_c20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RichardWilliamsMember_zTYG8sLC5kpg" title="Deemed price">0.67 to settle $<span id="xdx_909_eus-gaap--ExtinguishmentOfDebtAmount_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RichardWilliamsMember_pp0p0" title="Settlement of debt">56,925 of debt owed to Mr. Williams. On June 30, 2020, the Company issued a promissory note in the amount of $75,000, net of $15,000 debt issue costs, to Mr. Williams. The promissory note has been repaid in full. See note 8(vii). (v) During the six months ended December 31, 2020 Sam Ash (President and CEO) billed $<span id="xdx_901_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SamAshMember_pp0p0" title="Related party transactions">125,000 (years ended June 30, 2020 and 2019 - $<span id="xdx_90F_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SamAshMember_pp0p0" title="Related party transactions">60,000) for consulting services to the Company. At December 31, 2020, $nil is owed to Mr. Ash (June 30, 2020 - $<span id="xdx_908_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SamAshMember_pp0p0" title="Related party transactions">60,000) with all amounts included in accounts payable and accrued liabilities. During the six months ended December 31, 2020, the Company issued <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SamAshMember_zZWngkPidW6e" title="Number of shares issued">77,143 August 2020 Units at a deemed price of $<span id="xdx_904_ecustom--DeemedPrice_iI_pid_c20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SamAshMember_zsClMQwH2icd" title="Deemed price">0.67 to settle $<span id="xdx_906_eus-gaap--ExtinguishmentOfDebtAmount_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SamAshMember_pp0p0" title="Settlement of debt">20,000 of debt owed to Mr. Ash. (vi) During the six months ended December 31, 2020, Pam Saxton (Director) billed $<span id="xdx_90E_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PamSaxtonMember_pp0p0" title="Related party transactions">7,000 (years ended June 30, 2020 and 2019 - $<span id="xdx_90B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pdp0_dxL_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PamSaxtonMember_zeypGT76B264" title="Related party transactions::XDX::-"><span id="xdx_90B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pdp0_dxL_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PamSaxtonMember_zuoh5kzZRELi" title="Related party transactions::XDX::-">nil) for consulting services to the Company. (vii) During the six months ended December 31, 2020, Cassandra Joseph (Director) billed $<span id="xdx_902_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pp0p0_c20200701__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CassandraJosephMember_zW6F9oW6PiX7" title="Related party transactions">11,290 (years ended June 30, 2020 and 2019 - $<span id="xdx_907_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pdp0_dxL_c20180701__20190630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CassandraJosephMember_zyy27pJIBmcc" title="Related party transactions::XDX::-"><span id="xdx_901_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pdp0_dxL_c20190701__20200630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CassandraJosephMember_ztGXYPWWESb2" title="Related party transactions::XDX::-">nil) for consulting services to the Company. (viii) During the six months ended December 31, 2020, the Company issued <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ShareholderMember_zRLBsONp22y9" title="Number of shares issued">300,000 August 2020 Units at a deemed price of $<span id="xdx_901_ecustom--DeemedPrice_iI_pid_c20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ShareholderMember_zgTdGMpXABY5" title="Deemed price">0.67 to settle $<span id="xdx_901_eus-gaap--ExtinguishmentOfDebtAmount_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ShareholderMember_pp0p0" title="Settlement of debt">77,696 (C$<span id="xdx_904_eus-gaap--ExtinguishmentOfDebtAmount_pp0p0_uCAD_c20200701__20201231__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyUnitsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ShareholderMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zKLPi84DU3Fk" title="Settlement of debt">105,000) of debt owed to a shareholder of the Company. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

13500

51500

50000

71390

136045

18223

9774

78201

134927

45000

121161

214286

0.67

56925

75000

15000

125000

60000

77143

0.67

20000

7000

11290

300000

0.67

77696

105000

16. Financial instruments Fair values The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, accounts receivable excluding HST, accounts payable, accrued liabilities, DSU liability, interest payable, convertible loan payable, promissory notes payable and lease liability, all of which are financial instruments, are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and current market rate of interest. The Company measured its DSU liability at fair value on recurring basis using level 1 inputs and derivative warrant liabilities at fair value on recurring basis using level 3 inputs. There were no transfers of financial instruments between levels 1, 2, and 3 during the period ended December 31, 2020 and year ended June 30, 2020. Foreign currency risk Foreign currency risk is the risk that changes the rates of exchange on foreign currencies will impact the financial position of cash flows of the Company. The Company is exposed to foreign currency risks in relation to certain activities that are to be settled in Canadian dollars. Management monitors its foreign currency exposure regularly to minimize the risk of an adverse impact on its cash flows. Concentration of credit risk Concentration of credit risk is the risk of loss in the event that certain counterparties are unable to fulfill its obligations to the Company. The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. Liquidity risk Liquidity risk is the risk that the Company’s consolidated cash flows from operations will not be sufficient for the Company to continue operating and discharge its liabilities. The Company is exposed to liquidity risk as its continued operation is dependent upon its ability to obtain financing, either in the form of debt or equity, or achieving profitable operations in order to satisfy its liabilities as they come due.

17. Subsequent events On February 19, 2021, <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20210218__20210219__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--TitleOfIndividualAxis__srt--OfficerMember_zmnkLS92zF93" title="Stock options granted during the period">1,037,977 stock options were issued to an officer of the Company, of which <span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_c20210218__20210219__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--TitleOfIndividualAxis__srt--OfficerMember_zSQ2lSTntab4" title="Number of vested stock option shares">273,271 stock options vest immediately and the balance of <span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--StatementScenarioAxis__srt--ScenarioForecastMember__srt--TitleOfIndividualAxis__srt--OfficerMember_pdd" title="Number of vested stock option shares">764,706 stock options shall vest on December 31, 2021. These options have a <span id="xdx_900_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2_dtY_c20210218__20210219__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--TitleOfIndividualAxis__srt--OfficerMember_zE9jX176AtDi" title="Expiration term">5-year life and are exercisable at C$<span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20210218__20210219__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zr6YTzYqjiUj" title="Stock option exercise price">0.335 per common share. On February 24, 2021, the Company closed a non-brokered private placement of <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20210223__20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zhiQS6t6d1C7" title="Units issued during the period">19,994,080 units of the Company at C$<span id="xdx_901_eus-gaap--SharesIssuedPricePerShare_iI_pid_uCADPShares_c20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zkVj2xfoX1u6" title="Price per unit">0.40 per unit for gross proceeds of C$<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_uCAD_c20210223__20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zNDQQwroswv1" title="Gross proceeds from issuance">7,997,632. Each unit consists of one common share of the Company and one common share purchase warrant, which entitles the holder to acquire one common share at a price of C$<span id="xdx_909_eus-gaap--SharesIssuedPricePerShare_iI_pid_uCADPShares_c20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zUlds8fj8Qud" title="Price per unit">0.60 per common share for a period of five years. In connection with the financing, the Company paid a cash commission of C$<span id="xdx_907_eus-gaap--PaymentsForCommissions_pp0p0_uCAD_c20210223__20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_z0lkhK28tcD7" title="Cash commission">140,400 and issued <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20210223__20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_zHwzceIwy36" title="Stock options granted during the period">351,000 finder options, which are exercisable into units at an exercise price of C$<span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20210223__20210224__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--AwardTypeAxis__custom--CanadaDollarsMember_ziOPgxiMITw7" title="Stock option exercise price">0.40 for a period of three years. <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div>

1037977

273271

764706

P5Y

0.335

19994080

0.40

7997632

0.60

140400

351000

0.40

18. Comparative year information (unaudited) The Company’s condensed interim consolidated statements of loss and comprehensive loss, condensed interim consolidated statements of cash flows, and condensed interim consolidated statements of changes in shareholders’ deficiency were as follows for the six months ended December 31, 2019. Condensed interim consolidated statements of loss and comprehensive loss Schedule of Financial Reports <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Six Months Ended December 31, 2019</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20190701__20191231_zc5JZY9TfKel" style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr id="xdx_409_eus-gaap--OperatingExpensesAbstract_iB_z1geHzgjrEDd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GeneralAndAdministrativeExpense_zHKahO730Ig4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 78%; text-align: left">Operation and administration</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">293,320</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--ExplorationExpense_zdA68TYIDuA2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Exploration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,268,307</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherGeneralExpense_zhPgIFAADXt9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Legal and accounting</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,975</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--ProfessionalFees_zRWWq0PDNTXi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Consulting</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">197,900</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingIncomeLoss_zTyvXnpNiNj8" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Loss from operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,841,502</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Other expense or loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DerivativeGainLossOnDerivativeNet_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,629,119</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--AccretionExpense_iN_pp0p0_di_zXsBge8cfJPh" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(107,258</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Loss on foreign exchange</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,757</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--InterestExpense_iN_pp0p0_di_zhtjwbawY3ug" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(99,881</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--GainsLossesOnExtinguishmentOfDebt_iN_di_zKSShUScLJN" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Loss on debt settlement</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,056,296</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--NetIncomeLoss_zUVDjDRcqlg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Net loss and comprehensive loss for the period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(17,740,813</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--EarningsPerShareBasicAndDiluted_pid_zl2XHLBQz1Y1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Net loss per common share - basic and fully diluted</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(0.31</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--WeightedAverageNumberOfShareOutstandingBasicAndDiluted_pid_zzOd5yskNlWi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Weighted average number of common shares - basic and fully diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">56,973,827</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 18. Comparative year information (unaudited) (continued) Condensed Interim Consolidated Statements of Cash Flows <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Six Months Ended December 31, 2019</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20190701__20191231_z2xNNyjfkfv1" style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Operating activities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zQGdktCGQh94" style="vertical-align: bottom; background-color: White"> <td style="width: 78%; text-align: left">Net loss for the period</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">(17,740,813</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustments to reconcile net loss to net cash used in operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--ShareBasedCompensation_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Stock-based compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,770</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Depreciation_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Depreciation expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,921</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FairValueAdjustmentOfWarrants_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Change in fair value of warrant liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,629,119</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccretionExpense_zInDGNRZ2yli" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,258</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--InterestExpenseLesseeAssetsUnderCapitalLease_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Interest expense on lease liability (note 9)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,944</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Loss on debt settlement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,056,296</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; text-align: left">Changes in operating assets and liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncreaseDecreaseInAccountsReceivable_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,161</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncreaseDecreaseInPrepaidExpense_iN_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Prepaid expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,455</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncreaseDecreaseInAccountsPayable_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">727,258</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncreaseDecreaseInAccruedLiabilities_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,458,948</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncreaseDecreaseInOtherOperatingLiabilities_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Other liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,117</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--IncreaseDecreaseInInterestPayableNet_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Interest payable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">99,881</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zQpQyJuTRjE6" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Net cash used in operating activities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,426,241</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Financing activities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ProceedsFromIssuanceOfCommonStock_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Proceeds from issuance of common stock</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,157,464</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_zWGq9fzRBnW6" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,096</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--ProceedsFromNotesPayable_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Proceeds from promissory note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">382,367</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RepaymentsOfNotesPayable_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Repayment of promissory note</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--NetCashProvidedByUsedInFinancingActivities_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Net cash provided by financing activities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,480,735</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Net change in cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">54,494</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_iS_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Cash and cash equivalents, beginning of year</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">28,064</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_iE_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Cash and cash equivalents, end of year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">82,558</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Supplemental disclosures</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-cash activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CommonStockIssuedToSettleAccountsPayableAndAccruedLiabilities_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; padding-left: 10pt; text-align: left">Common stock issued to settle accounts payable and, accrued liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">717,673</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 18. Comparative year information (unaudited) (continued) Condensed Interim Consolidated Statements of Changes in Shareholders’ Deficiency <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_us-gaap--StatementEquityComponentsAxis_us-gaap--CommonStockMember_zLx40421RVv1" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4B9_us-gaap--StatementEquityComponentsAxis_us-gaap--AdditionalPaidInCapitalMember_zrGviIegX3Xf" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">capital</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4BE_us-gaap--StatementEquityComponentsAxis_custom--SharesToBeIssuedMember_zI3ubPF99Fv6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">be issued</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_us-gaap--StatementEquityComponentsAxis_us-gaap--RetainedEarningsMember_zuQp4uGv5UX" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">stage</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_zofwQh5hWM39" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Deficit</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">accumulated</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Additional</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">during the</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center">Common stock</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">paid-in-</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Shares to</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exploration</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">capital</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">be issued</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">stage</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr id="xdx_43D_c20190701__20191231_eus-gaap--StockholdersEquity_iS_zlTwlH3ZGEi3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 39%; font-weight: bold; text-align: left">Balance, June 30, 2019</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharesOutstanding_iS_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zQFRptqiS9m7" style="width: 7%; font-weight: bold; text-align: right" title="Balance, shares">15,811,396</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">16</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">24,284,765</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">107,337</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">(32,602,628</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">(8,210,510</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_z6IdbSqVLZU7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Stock-based compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,770</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--StockIssuedDuringPeriodValueNewIssuesThree_zE8UcMaKSie4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Shares and units issued at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEZpbmFuY2lhbCBSZXBvcnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190630__us-gaap--StatementClassOfStockAxis__custom--UnitsIssuedThreeMember_zZ1H9Naqa3x4" title="Shares issued price per share">0.04 per share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--StockIssuedDuringPeriodSharesNewIssuesThree_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zDi8zwzm8iV5" style="text-align: right" title="Shares and units issued at $0.04 per share, shares">35,008,956</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,315,691</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(107,337</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,208,389</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--StockIssuedDuringPeriodValueDebtSettlementOne_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Units issued for debt settlement at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEZpbmFuY2lhbCBSZXBvcnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190630__us-gaap--StatementClassOfStockAxis__custom--UnitsIssuedForDebtSettlementOneMember_zKJrqDBc5yLg" title="Shares issued price per share">0.09 per share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--StockIssuedDuringPeriodSharesDebtSettlementOne_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zIB138lwUlI7" style="text-align: right" title="Units issued for debt settlement at $0.09 per share, shares">16,962,846</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,499,034</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,499,051</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--StockIssuedDuringPeriodValueDebtSettlementTwo_z8EdAsRuumq9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Shares issued for debt settlement at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEZpbmFuY2lhbCBSZXBvcnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190630__us-gaap--StatementClassOfStockAxis__custom--SharesIssuedForDebtSettlementMember_zF89Yw2Z3JMc" title="Shares issued price per share">0.14 per share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--StockIssuedDuringPeriodSharesDebtSettlementTwo_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zx28COxJGxwj" style="text-align: right" title="Shares issued for debt settlement at $0.14 per share, shares">2,033,998</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">274,916</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">274,918</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_iN_pp0p0_di_z5bNa1fvWtpe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Issue costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(65,315</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(65,315</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--AdjustmentsToAdditionalPaidInCapitalWarrantIssued_iN_pp0p0_di_zcHLOf8X4ZGd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Warrant valuation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(468,227</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(468,227</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_zthQLf5kG0Cf" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt; text-align: left">Net loss for the period</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,740,813</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,740,813</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_435_c20190701__20191231_eus-gaap--StockholdersEquity_iE_zooquqbvvFS4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Balance, December 31, 2019</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"/><td id="xdx_986_eus-gaap--SharesOutstanding_iE_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z2bIQDTvVaZ7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">69,817,196</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">70</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">27,008,634</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(50,343,441</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(23,334,737</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table>

Condensed interim consolidated statements of loss and comprehensive loss Schedule of Financial Reports <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Six Months Ended December 31, 2019</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20190701__20191231_zc5JZY9TfKel" style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr id="xdx_409_eus-gaap--OperatingExpensesAbstract_iB_z1geHzgjrEDd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GeneralAndAdministrativeExpense_zHKahO730Ig4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 78%; text-align: left">Operation and administration</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">293,320</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--ExplorationExpense_zdA68TYIDuA2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Exploration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,268,307</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherGeneralExpense_zhPgIFAADXt9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Legal and accounting</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,975</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--ProfessionalFees_zRWWq0PDNTXi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Consulting</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">197,900</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingIncomeLoss_zTyvXnpNiNj8" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Loss from operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,841,502</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Other expense or loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DerivativeGainLossOnDerivativeNet_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Change in derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,629,119</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--AccretionExpense_iN_pp0p0_di_zXsBge8cfJPh" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(107,258</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Loss on foreign exchange</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,757</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--InterestExpense_iN_pp0p0_di_zhtjwbawY3ug" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(99,881</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--GainsLossesOnExtinguishmentOfDebt_iN_di_zKSShUScLJN" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Loss on debt settlement</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,056,296</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--NetIncomeLoss_zUVDjDRcqlg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Net loss and comprehensive loss for the period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(17,740,813</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--EarningsPerShareBasicAndDiluted_pid_zl2XHLBQz1Y1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Net loss per common share - basic and fully diluted</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(0.31</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--WeightedAverageNumberOfShareOutstandingBasicAndDiluted_pid_zzOd5yskNlWi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Weighted average number of common shares - basic and fully diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">56,973,827</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 18. Comparative year information (unaudited) (continued) Condensed Interim Consolidated Statements of Cash Flows <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Six Months Ended December 31, 2019</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20190701__20191231_z2xNNyjfkfv1" style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Operating activities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zQGdktCGQh94" style="vertical-align: bottom; background-color: White"> <td style="width: 78%; text-align: left">Net loss for the period</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">(17,740,813</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustments to reconcile net loss to net cash used in operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--ShareBasedCompensation_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Stock-based compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,770</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Depreciation_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Depreciation expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,921</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FairValueAdjustmentOfWarrants_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Change in fair value of warrant liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,629,119</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccretionExpense_zInDGNRZ2yli" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,258</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--InterestExpenseLesseeAssetsUnderCapitalLease_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Interest expense on lease liability (note 9)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,944</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Loss on debt settlement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,056,296</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; text-align: left">Changes in operating assets and liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncreaseDecreaseInAccountsReceivable_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,161</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncreaseDecreaseInPrepaidExpense_iN_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Prepaid expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,455</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncreaseDecreaseInAccountsPayable_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">727,258</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncreaseDecreaseInAccruedLiabilities_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,458,948</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncreaseDecreaseInOtherOperatingLiabilities_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Other liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,117</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--IncreaseDecreaseInInterestPayableNet_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Interest payable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">99,881</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zQpQyJuTRjE6" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Net cash used in operating activities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,426,241</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Financing activities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ProceedsFromIssuanceOfCommonStock_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Proceeds from issuance of common stock</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,157,464</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_zWGq9fzRBnW6" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,096</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--ProceedsFromNotesPayable_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Proceeds from promissory note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">382,367</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RepaymentsOfNotesPayable_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: left">Repayment of promissory note</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--NetCashProvidedByUsedInFinancingActivities_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Net cash provided by financing activities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,480,735</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Net change in cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">54,494</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_iS_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">Cash and cash equivalents, beginning of year</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">28,064</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_iE_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Cash and cash equivalents, end of year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">82,558</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Supplemental disclosures</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-cash activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CommonStockIssuedToSettleAccountsPayableAndAccruedLiabilities_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; padding-left: 10pt; text-align: left">Common stock issued to settle accounts payable and, accrued liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">717,673</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Six Months Ended December 31, 2020 and Years Ended June 30, 2020 and 2019 (Expressed in United States Dollars) <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> 18. Comparative year information (unaudited) (continued) Condensed Interim Consolidated Statements of Changes in Shareholders’ Deficiency <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_us-gaap--StatementEquityComponentsAxis_us-gaap--CommonStockMember_zLx40421RVv1" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4B9_us-gaap--StatementEquityComponentsAxis_us-gaap--AdditionalPaidInCapitalMember_zrGviIegX3Xf" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">capital</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4BE_us-gaap--StatementEquityComponentsAxis_custom--SharesToBeIssuedMember_zI3ubPF99Fv6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">be issued</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_us-gaap--StatementEquityComponentsAxis_us-gaap--RetainedEarningsMember_zuQp4uGv5UX" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">stage</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_zofwQh5hWM39" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Deficit</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">accumulated</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Additional</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">during the</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center">Common stock</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">paid-in-</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Shares to</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">exploration</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Shares</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">capital</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">be issued</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">stage</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td> </td></tr> <tr id="xdx_43D_c20190701__20191231_eus-gaap--StockholdersEquity_iS_zlTwlH3ZGEi3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 39%; font-weight: bold; text-align: left">Balance, June 30, 2019</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharesOutstanding_iS_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zQFRptqiS9m7" style="width: 7%; font-weight: bold; text-align: right" title="Balance, shares">15,811,396</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">16</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">24,284,765</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">107,337</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">(32,602,628</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 7%; font-weight: bold; text-align: right">(8,210,510</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_z6IdbSqVLZU7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Stock-based compensation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,770</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--StockIssuedDuringPeriodValueNewIssuesThree_zE8UcMaKSie4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Shares and units issued at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEZpbmFuY2lhbCBSZXBvcnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190630__us-gaap--StatementClassOfStockAxis__custom--UnitsIssuedThreeMember_zZ1H9Naqa3x4" title="Shares issued price per share">0.04 per share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--StockIssuedDuringPeriodSharesNewIssuesThree_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zDi8zwzm8iV5" style="text-align: right" title="Shares and units issued at $0.04 per share, shares">35,008,956</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,315,691</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(107,337</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,208,389</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--StockIssuedDuringPeriodValueDebtSettlementOne_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Units issued for debt settlement at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEZpbmFuY2lhbCBSZXBvcnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190630__us-gaap--StatementClassOfStockAxis__custom--UnitsIssuedForDebtSettlementOneMember_zKJrqDBc5yLg" title="Shares issued price per share">0.09 per share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--StockIssuedDuringPeriodSharesDebtSettlementOne_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zIB138lwUlI7" style="text-align: right" title="Units issued for debt settlement at $0.09 per share, shares">16,962,846</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,499,034</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,499,051</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--StockIssuedDuringPeriodValueDebtSettlementTwo_z8EdAsRuumq9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Shares issued for debt settlement at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEZpbmFuY2lhbCBSZXBvcnRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20190630__us-gaap--StatementClassOfStockAxis__custom--SharesIssuedForDebtSettlementMember_zF89Yw2Z3JMc" title="Shares issued price per share">0.14 per share</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--StockIssuedDuringPeriodSharesDebtSettlementTwo_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zx28COxJGxwj" style="text-align: right" title="Shares issued for debt settlement at $0.14 per share, shares">2,033,998</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">274,916</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">274,918</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_iN_pp0p0_di_z5bNa1fvWtpe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Issue costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(65,315</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(65,315</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--AdjustmentsToAdditionalPaidInCapitalWarrantIssued_iN_pp0p0_di_zcHLOf8X4ZGd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Warrant valuation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(468,227</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(468,227</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_zthQLf5kG0Cf" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt; text-align: left">Net loss for the period</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"/><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,740,813</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,740,813</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_435_c20190701__20191231_eus-gaap--StockholdersEquity_iE_zooquqbvvFS4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">Balance, December 31, 2019</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"/><td id="xdx_986_eus-gaap--SharesOutstanding_iE_pid_c20190701__20191231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z2bIQDTvVaZ7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">69,817,196</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">70</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">27,008,634</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(50,343,441</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(23,334,737</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table>

293320

5268307

81975

197900

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-10629119

107258

-6757

99881

1056296

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-0.31

56973827

-17740813

167770

53921

10629119

107258

14944

1056296

-15161

25455

727258

3458948

-11117

99881

-1426241

1157464

59096

382367

1480735

54494

28064

82558

717673

15811396

24284765

107337

-32602628

-8210510

167770

0.04

35008956 35 1315691 -107337 1208389

0.09

16962846 17 1499034 1499051

0.14

2033998 2 274916 274918

65315

468227

-17740813

69817196

27008634

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-23334737

2513249

3568661

113664

100032

303992

376925

2930905

4045618

431459

435727

78948

158731

2068939

1 1

5510252

6709016

2998819

2392761

11671925

10560884

679161

1110125

2508219

91535

114783

17949659

14178553

61824

5646660

24006236

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38246613

0.000001

10000000

0.000001

750000000

164435442

143117068

164

143

38159147

34551133

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5510252

6709016

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6460513

9311304

22172679

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118388

370397

360000 390000

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119655

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8219

107427

8219

209972

940290 940290 947156 947156 9407 899237 56146 899237

3960630

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9843495

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0.02

-0.00

0.06

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0.02

-0.00

0.06

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164179999

106276928

160690371

86173243

164329999

106276928

160840371

86173243

9843495

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793357

1361921

178744

117499

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370397

390000

8219

9407

10632

17402

-1434 26354 56146 899237 940290

13632

31503

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242854

606058

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1243042

4028410

209971

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94693

304295

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6008672

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71732

2500000

1542169

2017706

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3568661

82558

2513249

8638468

188607

300000

69817196

27008634

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-23334737

608130

0.42

3098216

1301522

1301525

0.42 696428 1 299999 300000

3315200

125177

125180

50223 50223 0.18

2332900

1288714

1288716

0.26 56078434 56 14798718 14798774 0.67

2205714

1484350

1484352

271165

14792805

-13848837

137544088

137

31901497

-64192278

-32290644

143117068

143

34551133

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143117068

143

34551133

-66088873

-31537597

1224321

0.32 19576360 20 6168049 6168069 0.45 417720 188145 188145 1324294 1 -1

159397

3813103

9843495

164435442

164

38159147

-56245378

-18086067

164

38159147

-56245378

-18086067

0.56 0.42 0.25 0.18 0.35 0.26 0.40 0.32 0.57 0.45

1. Nature and continuance of operations and going concern Bunker Hill Mining Corp. (the “Company”) was incorporated under the laws of the state of Nevada, U.S.A on February 20, 2007 under the name Lincoln Mining Corp. Pursuant to a Certificate of Amendment dated February 11, 2010, the Company changed its name to Liberty Silver Corp., and on September 29, 2017 the Company changed its name to Bunker Hill Mining Corp. The Company’s registered office is located at 1802 N. Carson Street, Suite 212, Carson City Nevada 89701, and its head office is located at 82 Richmond Street East, Toronto, Ontario, Canada, M5C 1P1. As of the date of this Form 10-Q, the Company had one subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.), an Idaho corporation created to facilitate the work being conducted at the Bunker Hill Mine in Idaho. The Company was incorporated for the purpose of engaging in mineral exploration activities. It continues to work at developing its project with a view towards putting it into production. These unaudited condensed interim consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $56,245,378 and further losses are anticipated in the development of its business. The Company does not have sufficient working capital needed to meet its current fiscal obligations and commitments. In order to continue to meet its fiscal obligations in the current fiscal year and beyond, the Company must seek additional financing. This raises substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The accompanying condensed interim consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets, debt financing, and royalty/streaming arrangements. These condensed interim consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue as a going concern. The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of reserves. The Company’s operations could be significantly adversely affected by the effects of a widespread global outbreak of epidemics, pandemics, or other health crises, including the recent outbreak of respiratory illness caused by the novel coronavirus (“COVID19”). The Company cannot accurately predict the impact COVID19 will have on its operations and the ability of others to meet their obligations with the Company, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

NV 2007-02-20

-56245378

2. Basis of presentation The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, shareholders’ deficiency or cash flows. It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The unaudited condensed interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K/T, which contains the annual audited consolidated financial statements and notes thereto, together with the Management’s Discussion and Analysis, for the six months ended December 31, 2020. The interim results for the period ended September 30, 2021 are not necessarily indicative of the results for the full fiscal year. The unaudited interim condensed consolidated financial statements are presented in USD, which is the functional currency.

3. Equipment Equipment consists of the following: Schedule of Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Equipment</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20210930_zj8imW7awMv7" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Equipment">603,972</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20201231_z4aU6rm5uvsc" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Equipment">509,279</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Less accumulated depreciation</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20210930_zAbHlK2OZUl9" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Less accumulated depreciation">(172,513</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20201231_zqtglvgsrFS6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Less accumulated depreciation">(73,552</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Equipment, net</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_c20210930_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Equipment, net">431,459</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_c20201231_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Equipment, net">435,727</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> The total depreciation expense during the three and nine months ended September 30, 2021 was $34,565 and $98,961, respectively (three and nine months ended September 30, 2020 - $14,392 and $16,673, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).

Equipment consists of the following: Schedule of Equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Equipment</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20210930_zj8imW7awMv7" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Equipment">603,972</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20201231_z4aU6rm5uvsc" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Equipment">509,279</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Less accumulated depreciation</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20210930_zAbHlK2OZUl9" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Less accumulated depreciation">(172,513</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20201231_zqtglvgsrFS6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Less accumulated depreciation">(73,552</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Equipment, net</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_c20210930_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Equipment, net">431,459</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_c20201231_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Equipment, net">435,727</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

603972

509279

172513

73552

431459

435727

34565

98961

14392

16673

4. Right-of-use asset Right-of-use asset consists of the following: Schedule of Right-of-Use Asset <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_493_20210930_zfNzowCwSsb6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_490_20201231_zSDmulHVHIuc" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_40E_ecustom--OperatingLeaseOfficeLease_iI_maCziub_zHula98L2Tpc" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%; text-align: left">Office lease</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right">319,133</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right">319,133</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OperatingLeaseAccumulatedDepreciation_iNI_di_msCziub_zQ7UFHDPfnLj" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Less accumulated depreciation</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(240,185</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(160,402</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--OperatingLeaseRightOfUseAsset_iTI_mtCziub_zkKoWxB7Py9j" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Right-of-use asset, net</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">78,948</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">158,731</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> The total depreciation expense during the three and nine months ended September 30, 2021 was $26,594 and $79,783, respectively (three and nine months ended September 30, 2020 - $20,034 and $73,396, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Right-of-use asset consists of the following: Schedule of Right-of-Use Asset <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_493_20210930_zfNzowCwSsb6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_490_20201231_zSDmulHVHIuc" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_40E_ecustom--OperatingLeaseOfficeLease_iI_maCziub_zHula98L2Tpc" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%; text-align: left">Office lease</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right">319,133</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right">319,133</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OperatingLeaseAccumulatedDepreciation_iNI_di_msCziub_zQ7UFHDPfnLj" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Less accumulated depreciation</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(240,185</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(160,402</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--OperatingLeaseRightOfUseAsset_iTI_mtCziub_zkKoWxB7Py9j" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Right-of-use asset, net</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">78,948</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">158,731</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> 319133 319133 240185 160402

78948

158731

26594

79783

20034

73396

5. Mining interests Bunker Hill Mine Complex On November 27, 2016, the Company entered into a non-binding letter of intent with Placer Mining Corp. (“Placer Mining”), which letter of intent was further amended on March 29, 2017, to acquire the Bunker Hill Mine in Idaho and its associated milling facility located in Kellogg, Idaho, in the Coeur d’Alene Basin (as amended, the “Letter of Intent”). Pursuant to the terms and conditions of the Letter of Intent, the acquisition, which was subject to due diligence, would include all mining claims, surface rights, fee parcels, mineral interests, existing infrastructure, machinery and buildings at the Kellogg Tunnel portal in Milo Gulch, or anywhere underground at the Bunker Hill Mine Complex. The acquisition would also include all current and historic data relating to the Bunker Hill Mine Complex, such as drill logs, reports, maps, and similar information located at the mine site or any other location. During the year ended June 30, 2017, the Company made payments totaling $300,000 as part of this Letter of Intent. These amounts were initially capitalized and subsequently written off during fiscal 2018 and were included in exploration expenses. On August 28, 2017, the Company announced that it signed a definitive agreement (the “Agreement”) for the lease and option to purchase the Bunker Hill Mine assets (the “Bunker Assets”). Under the terms of the Agreement, the Company was required to make a $<span id="xdx_903_ecustom--BonusPaymentForMiningAssets_pp0p0_c20171030__20171031__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zA30BhBsLCMj" title="Bonus payment for mining assets">1,000,000 bonus payment to Placer Mining no later than October 31, 2017, which payment was made, along with two additional $<span id="xdx_904_ecustom--BonusPaymentForMiningAssets_pp0p0_c20171201__20171231__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zHIP5RQNtJdd" title="Bonus payment for mining assets">500,000 bonus payments in December 2017. The 24month lease commenced November 1, 2017. During the term of the lease, the Company was to make $<span id="xdx_905_eus-gaap--OperatingLeasePayments_pp0p0_c20171030__20171031__us-gaap--TypeOfArrangementAxis__custom--DefinitiveAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zWqUHTRnzWXa" title="Mining lease payments">100,000 monthly mining lease payments, paid quarterly. The Company had an option to purchase the Bunker Assets at any time before the end of the lease and any extension for a purchase price of $<span id="xdx_901_ecustom--OptionToPurchaseLeaseAssetPrice_c20201001__20210930__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option to purchase lease asset price">45,000,000 with purchase price payments to be made over a ten year period to Placer Mining. Under the terms of the agreement, there is a <span id="xdx_901_ecustom--RoyaltyPercentageOfNetSmelterReturnOnSales_c20201001__20210930__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pdd" title="Royalty percentage of net smelter return on sales">3% net smelter return royalty (“NSR”) on sales during the lease and a <span id="xdx_904_ecustom--RoyaltyPercentageOfNetSmelterReturnAfterPurchaseOption_c20201001__20210930__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pdd" title="Royalty percentage of net smelter return after purchase option">1.5% NSR on the sales after the purchase option is exercised, which post-acquisition NSR is capped at $<span id="xdx_90D_ecustom--PostacquisitionOfNetSmelterReturnCost_c20201001__20210930__us-gaap--FairValueByAssetClassAxis__custom--BunkerAssetsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Post-acquisition of net smelter return cost">60,000,000. On October 2, 2018, the Company announced that it was in default of the Agreement. The default arose as a result of missed lease and operating cost payments, totaling $<span id="xdx_902_eus-gaap--OperatingLeasePayments_pp0p0_c20181001__20181002__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zDLbzfF7sFJ7" title="Mining lease payments">400,000, which were due at the end of September and on October 1, 2018. As per the Agreement, the Company had 15 days, from the date notice of default was provided (September 28, 2018), to remediate the default by making the outstanding payment. While management worked with urgency to resolve this matter, management was ultimately unsuccessful in remedying the default, resulting in the Agreement being terminated. On November 13, 2018, the Company announced that it was successful in renewing the Agreement, effectively with the original Agreement intact, except that monthly payments were reduced to $<span id="xdx_905_ecustom--ReducationOfMonthlyLeasePayments_iI_pp0p0_c20181113__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_ziAIcHFnmQch">60,000 per month for 12 months, with the accumulated reduction in payments of $<span id="xdx_90A_ecustom--AccumulatedReductionOfLeasePayments_iI_pp0p0_c20181113__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zBLM4QW0n96i">140,000 per month (“deferred payments”) being accrued. These deferred payments would be waived if the Company had chosen to exercise its option. The accruals for the deferred payment were waived pursuant to the November 20, 2020 Amended Agreement described below. As a result, as at September 30, 2021, the Company had accrued a total of $nil (December 31, 202 - $nil). <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 5. Mining interests (continued) Bunker Hill Mine Complex (continued) On November 1, 2019, the Agreement was amended (the “Amended Agreement”). The key terms of the Amended Agreement are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The lease period was extended for an additional period of nine months to August 1, 2020, with <span id="xdx_904_eus-gaap--LesseeOperatingLeaseOptionToExtend_c20200801__20200802__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zGflUTJhWG2c" title="Option to extend lease period">the option to extend for a further six months based upon payment of a one-time $<span id="xdx_903_eus-gaap--ProfessionalFees_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option extension fee">60,000 extension fee (extended);</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company will make monthly care and maintenance payments to Placer Mining of $<span id="xdx_90E_eus-gaap--OperatingLeasePayments_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Mining lease payments">60,000 until exercising the option to purchase; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The purchase price is set at $<span id="xdx_90F_ecustom--OptionToPurchaseLeaseAssetPrice_pp0p0_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zMJUxSuiQrj1" title="Option to purchase lease asset price">11,000,000 for <span id="xdx_90F_ecustom--RoyaltyPercentageOfNetSmelterReturnOnSales_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pdd" title="Royalty percentage of net smelter return on sales">100% of the Bunker Assets to be paid with $<span id="xdx_909_ecustom--OptionToPurchaseLeaseAssetPrice_c20191030__20191101__us-gaap--AwardTypeAxis__custom--BunkerAssetsToBePaidInCashMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option to purchase lease asset price">6,200,000 in cash, and$<span id="xdx_906_ecustom--OptionToPurchaseLeaseAssetPrice_c20191030__20191101__us-gaap--AwardTypeAxis__custom--BunkerAssetsToBePaidInSharesMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Option to purchase lease asset price">4,800,000 in common shares. The purchase price also includes the negotiable United States Environmental Protection Agency (“EPA”) costs of $<span id="xdx_904_ecustom--OptionToPurchaseLeaseAssetPrice_pp0p0_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--EnvironmentalProtectionAgencyMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_z7dPQKIzWsYf" title="Option to purchase lease asset price">20,000,000. The Amended Agreement provides for the elimination of all royalty payments that were to be paid to the mine owner. Upon signing the Amended Agreement, the Company paid a onetime, nonrefundable cash payment of $<span id="xdx_90D_eus-gaap--PaymentsForParticipationLiabilities_c20191030__20191101__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Cash payment">300,000 to the mine owner. This payment will be applied to the purchase price upon execution of the purchase option. In the event the Company elects not to exercise the purchase option, the payment shall be treated as an additional care and maintenance payment.</td></tr> </table> On July 27, 2020, <span id="xdx_906_eus-gaap--LesseeOperatingLeaseOptionToExtend_c20210101__20210930__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zjJ9ushcsFt3" title="Option to extend lease period">the Company extended the lease with Placer Mining for a further 18 months for a $<span id="xdx_906_eus-gaap--OperatingLeasePayments_c20200726__20200727__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0" title="Mining lease payments">150,000 extension fee. This extension expires on August 1, 2022. On November 20, 2020, the Company signed a further amendment to the Amended Agreement. Under the terms of this amendment: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_906_eus-gaap--LesseeOperatingLeaseDescription_c20210101__20210930__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zhpA85XuWTE9" title="Lease term description">The Company will continue to make monthly care and maintenance payments to Placer Mining of $<span id="xdx_906_eus-gaap--PaymentsToAcquireMiningAssets_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zGJ5KZhaD696" title="Payments to acquire mining interest">60,000 until exercising the option to purchase;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The purchase price was reduced to $<span id="xdx_909_eus-gaap--BusinessCombinationConsiderationTransferred1_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zO4OQ42UQxy9" title="Purchases price consideration">7,700,000, with $<span id="xdx_902_eus-gaap--PaymentsToAcquireBusinessesGross_pp0p0_c20201110__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zjFceMxqsTc6" title="Payable in cash">5,700,000 payable in cash (with an aggregate of $300,000 to be credited toward the purchase price of the Bunker Assets as having been previously paid by the Company and an aggregate of $<span id="xdx_90B_eus-gaap--PaymentsToAcquireBusinessesGross_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_z32RcvY1SfU3" title="Payable in cash">5,400,000 payable in cash outstanding) and $<span id="xdx_900_eus-gaap--BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zYQ8LIBmIZH" title="Consideration shares">2,000,000 in common shares. The reference price for the payment in common shares will be based on the common share price of the last equity raise before the option is exercised;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company’s contingent obligation to settle $<span id="xdx_90B_ecustom--GainOnSettlementOfAccountsPayable_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zNuD9j8sV6Ch" title="Gain on settlement of accounts payable">1,787,300 of accrued payments due to Placer Mining has been waived. As a result, the Company recorded a gain on settlement of accounts payable of $<span id="xdx_909_ecustom--GainOnSettlementOfAccountsPayable_pp0p0_c20200701__20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zVtRqISyf8lc" title="Gain on settlement of accounts payable">1,787,300 during the six months ended December 31, 2020; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company made an advance payment of $<span id="xdx_903_ecustom--AdvancePayment_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_z3XBH8Buwe1e">2,000,000 to Placer Mining which shall be credited toward the purchase price if and when the Company elects to exercise its purchase right. In the event that the Company irrevocably elects not to exercise its purchase right, the advance payment of $<span id="xdx_90E_eus-gaap--PaymentsToAcquireProductiveAssets_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_pp0p0">2,000,000 will be repaid to the Company within twelve months from the date of such election. The amount has been recorded as a long term deposit. This payment had the effect of decreasing the remaining amount payable to purchase the Bunker Assets to an aggregate of $<span id="xdx_901_eus-gaap--PaymentsToAcquireBusinessesGross_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_zqEUwRoGACLa">3,400,000 payable in cash and $<span id="xdx_906_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20201111__20201120__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementsMember__dei--LegalEntityAxis__custom--PlacerMiningCorpMember_z1qJ9FQ5x54j">2,000,000 in Common Shares of the Company.</td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 5. Mining interests (continued) Bunker Hill Mine Complex (continued) In addition to the payments to Placer Mining, and pursuant to an agreement with the EPA whereby for so long as Bunker leases, owns and/or occupies the Bunker Hill Mine, the Company will make payments to the EPA on behalf of the current owner in satisfaction of the EPA’s claim for cost recovery, excluding water treatment charges. These payments, if all are made, will total $<span id="xdx_908_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zaBhfGwfuf1e">20,000,000. The agreement calls for payments starting with $<span id="xdx_900_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0_c20201231__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--ThirtyDaysAfterAFullyRatifiedAgreementMember_ziKCq85KzRTc">1,000,000 within 30 days after a fully ratified agreement was signed followed by a payment schedule detailed below: Schedule of Payments for Mining <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">Date</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Amount</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Action</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 62%; text-align: left">Within 30 days of the effective date</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">1,000,000</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: center"><span id="xdx_90E_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2018</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">2,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_901_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_907_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_908_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2021</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_90B_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_zExXU00TUZyi" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2022</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyTwoMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2023</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyThreeMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2024</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyFourMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">2,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td></tr> </table> In addition to these cost recovery payments, the Company is to make semi-annual payments of $<span id="xdx_905_ecustom--SemiannualLeasePayments_iI_pp0p0_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--AwardDateAxis__custom--JuneOneandDecemberOneOfEachYearMember_zYM08T3mwHNj">480,000 on June 1 and December 1 of each year, to cover the EPA’s costs of operating and maintaining the water treatment facility that treats the water being discharged from the Bunker Hill Mine. Prior to July 2021, the Company had received invoices from the EPA for water treatment charges for the periods from December 2017 to October 2019, which exceeds the semi-annual payments outlined in the agreement, which would have resulted in annual payment of $960,000. The Company received the supporting details from the EPA and began the process of reconciling and reviewing these invoices in September 2020. In July 2021, the Company received an invoice from the EPA for water treatment charges for the period from November 2019 to October 2020, in the amount of approximately $<span id="xdx_905_eus-gaap--OperatingLeaseLeaseIncomeLeasePayments_c20210701__20210731__us-gaap--AwardDateAxis__custom--NovemberTwoThousandNineteenToOctoberTwoThousandTwentyMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zinH2Lcb52zb">2,500,000, higher than the invoice received in 2020 for the period of November 2018 to October 2019 of approximately $<span id="xdx_906_eus-gaap--OperatingLeaseLeaseIncomeLeasePayments_c20200701__20200731__us-gaap--AwardDateAxis__custom--NovemberTwoThousandEighteenToOctoberTwoThousandNineteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zf3WKlaN4m15">1,600,000. Based on preliminary review, the Company believes that this increase in water treatment charges is not consistent with the EPA’s cost to treat water from the Mine, and a discussion with the EPA has been initiated. In August 2021, the Company received an interim invoice from the EPA for water treatment charges for the period from November 2020 to May 2021, and accordingly reversed the previously accrued estimate amount of $<span id="xdx_90B_eus-gaap--OperatingLeaseLeaseIncomeLeasePayments_c20210801__20210831__us-gaap--AwardDateAxis__custom--NovemberTwoThousandTwentyToMayTwoThousandTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_z7IFSuMFSQMd">1,309,000 and recorded $<span id="xdx_90B_eus-gaap--ExplorationExpense_c20210801__20210831__us-gaap--AwardDateAxis__custom--NovemberTwoThousandTwentyToMayTwoThousandTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zQ6dmrAFgkEa" title="Exploration Expense">1,155,000 to exploration expenses based on the interim invoice for the period from November 2020 to May 2021. <span id="xdx_90D_ecustom--AccruedLiabiltiesDescription_c20210101__20210930__us-gaap--AwardDateAxis__custom--JuneOneTwoThousandTwentyOneToSeptemberThrityTwoThousandTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zXRqKyIZ6WL6" title="Accrued liabilties, description">Additionally, $660,000 or $165,000 per month has been accrued for the period from June 1, 2021 to September 30, 2021, reflecting the Company’s best estimate of future water treatment costs, informed by the August 2021 invoice. A total of $4,872,186 for water treatment charges, net of payments made, was accrued for as at September 30, 2021 (December 31, 2020 - $3,136,055). The unpaid EPA balance is subject to interest at the rate specified for interest on investments of the EPA Hazardous Substance Superfund. As at September 30, 2021, the interest accrued on the unpaid EPA balance is $306,136 (December 31, 2020 - $162,540). The Company has included all unpaid and accrued EPA payments and accrued interest in accounts payable and accrued liabilities amounting to $<span id="xdx_900_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0_c20210930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zfOLGWhsHG64">13,178,322 (December 31, 2020 - $<span id="xdx_904_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember_zK8OXGLhujsd">11,298,594). The Company initiated a discussion with the EPA regarding the amount and payment schedule. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

300000

1000000 500000

100000

45000000 0.03 0.015 60000000

400000

60000 140000

the option to extend for a further six months based upon payment of a one-time $60,000 extension fee

60000

11000000 1 6200000 4800000 20000000

300000

the Company extended the lease with Placer Mining for a further 18 months for a $150,000 extension fee.

150000

The Company will continue to make monthly care and maintenance payments to Placer Mining of $60,000 until exercising the option to purchase

60000

7700000

5700000

5400000

2000000

1787300 1787300 2000000

2000000

3400000

2000000

20000000

1000000

Schedule of Payments for Mining <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">Date</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Amount</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Action</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 62%; text-align: left">Within 30 days of the effective date</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">1,000,000</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: center"><span id="xdx_90E_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--WithinThirtyDaysOfTheEffectiveDateMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2018</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">2,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_901_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndEighteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_907_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndNineteenMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_908_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2021</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span id="xdx_90B_ecustom--LeaseLiabilityPaymentAction_c20210101__20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyOneMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_zExXU00TUZyi" title="Lease liability payment action">Not paid</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2022</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyTwoMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2023</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyThreeMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">3,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">November 1, 2024</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20210930__us-gaap--AwardDateAxis__custom--NovemberFirstTwoThousandAndTwentyFourMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EnvironmentalProtectionAgencyMember__us-gaap--TypeOfArrangementAxis__custom--OptionToPurchaseAgreementMember_pp0p0" title="Lease liability payments due">2,000,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td></tr> </table>

1000000

Paid

2000000

Not paid

3000000

Not paid

3000000

Not paid

3000000

Not paid

3000000

2000000

480000 Prior to July 2021, the Company had received invoices from the EPA for water treatment charges for the periods from December 2017 to October 2019, which exceeds the semi-annual payments outlined in the agreement, which would have resulted in annual payment of $960,000

2500000

1600000

1309000

1155000

Additionally, $660,000 or $165,000 per month has been accrued for the period from June 1, 2021 to September 30, 2021 4872186 3136055

306136

162540

13178322

11298594

6. Convertible loan payable On June 13, 2018, the Company entered into a loan and warrant agreement with Hummingbird Resources PLC (“Hummingbird”), an arm’s length investor, for an unsecured convertible loan in the aggregate sum of $<span id="xdx_90E_eus-gaap--UnsecuredDebt_iI_pp0p0_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zoPcnuzS9Lx7" title="Unsecured convertible loans payable">1,500,000, bearing interest at <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zmKK1V1nQfAh" title="Loan interest rate">10% per annum, maturing in <span id="xdx_905_eus-gaap--DebtInstrumentTerm_dc_c20180612__20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zooZGFfMUUY6">one year. Contemporaneously, the Company agreed to issue <span id="xdx_904_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zUb3rA5PXZ6g" title="Warrants to purchase shares">229,464 share purchase warrants, entitling the lender to acquire <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20180612__20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zVvff9cTW1Yg" title="Number of shares acquired">229,464 common shares of the Company, at a price of C$<span id="xdx_908_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zFaW6epyls1f" title="Warrants exercise price">8.50 per common share, for <span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dc_c20180613__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zES6c8aIcBvk" title="Warrants term">two years. Under the terms of the loan agreement, the lender may, at any time prior to maturity, convert any or all of the principal amount of the loan and accrued interest thereon, into common shares of the Company at a price per share equal to C$8.50.<span id="xdx_908_eus-gaap--DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault_c20210101__20210930__us-gaap--TypeOfArrangementAxis__custom--LoanAndWarrantAgreementMember__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zql0Ex2UAYCa" title="Event of default description"> In the event that a notice of conversion would result in the lender holding 10% or more of the Company’s issued and outstanding shares, then, in the alternative, and under certain circumstances, the Company would be required to pay cash to the lender in an amount equal to C$8.50 multiplied by the number of shares intended to be issued upon conversion. Further, in the event that the lender holds more than 5% of the issued and outstanding shares of the Company subsequent to the exercise of any of its convertible securities held under this placement, it shall have the right to appoint one director to the board of the Company. Lastly, among other things, the loan agreement further provides that for as long as any amount is outstanding under the convertible loan, the investor retains a right of first refusal on any Company financing or joint venture/strategic partnership/disposal of assets. In August 2018, the amount of the Hummingbird convertible loan payable was increased to $2,000,000 from its original $<span id="xdx_90F_eus-gaap--DebtConversionOriginalDebtAmount1_pp0p0_c20180801__20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_zxFRav0IUbsj" title="Debt conversion original debt amount">1,500,000 loan, net of $45,824 of debt issue costs. An additional <span id="xdx_902_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zSwt5l6ys4Fe" title="Warrants to purchase shares">116,714 warrants with each warrant exercisable at C$<span id="xdx_905_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember_zZHsJ2eLZsAa" title="Warrants exercise price">4.50 were issued. Under the terms of the amended and restated loan agreement, Hummingbird may, at any time prior to maturity, convert any or all of the principal amount of the loan and accrued interest thereon, into common shares of Bunker as follows: (i) $1,500,000, being the original principal amount (the “Principal Amount”), may be converted at a price per share equal to C$<span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_zovoahxbCCha" title="Warrants exercise price">8.50; (ii) <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20180801__20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_zr7pF6k4Y9I6" title="Number of shares acquired">229,464 common shares may be acquired upon exercise of warrants at a price of C$<span id="xdx_904_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_uCADPShares_c20180831__dei--LegalEntityAxis__custom--HummingbirdResourcesPLCMember__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember_zR0o5kKnomxf" title="Conversion price per share">8.50 per warrant for a period of two years from the date of issuance; (iii) $<span id="xdx_901_eus-gaap--DebtConversionOriginalDebtAmount1_pp0p0_c20180801__20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember_zh4gYV9BOcLb" title="Debt conversion original debt amount">500,000, being the additional principal amount (the “Additional Amount”), may be converted at a price per share equal to C$<span id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember_zpp6YRiAgy0k" title="Warrants exercise price">4.50; and (iv) <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20180801__20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember_pdd" title="Number of shares acquired">116,714 common shares may be acquired upon exercise of warrants at a price of C$<span id="xdx_90C_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_uCADPShares_c20180831__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember_zw247IswbJPd" title="Conversion price per share">4.50 per warrant for a period of two years from the date issuance. <span id="xdx_90B_eus-gaap--DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault_c20210101__20210930__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedLoanAgreementMember__us-gaap--ExtinguishmentOfDebtAxis__custom--HummingbirdAdditionalAmountMember_zgsmW1Ipf0X4" title="Event of default description">In the event that Hummingbird would acquire common shares in excess of 9.999% through the conversion of the Principal Amount or the Additional Amount, including interest accruing thereon, or on exercise of the warrants as disclosed herein, the Company shall pay to Hummingbird a cash amount equal to the common shares exercised in excess of 9.999%, multiplied by the conversion price. During the year ended June 30, 2019, Hummingbird agreed to extend the scheduled maturity date of the loan to June 30, 2020. This was accounted for as a loan extinguishment which resulted in the recording of a net loss on loan extinguishment. In June 2019, the Company settled $100,000 of the Additional Amount by issuing 2,660,000 common shares, which resulted in the recording of a net loss on loan extinguishment. In February 2020, the Company settled $300,000 of the Additional Amount by issuing 696,428 common shares, which resulted in the recording of a net loss on loan extinguishment of $9,407. In June 2020, Hummingbird agreed to extend the scheduled maturity date of the loan to July 31, 2020. In October 2020, the Company settled the full amount of the outstanding loan by issuing 5,572,980 common shares at a deemed price of C$0.49 based on the fair value of the shares issued. As a result, the Company recorded a gain on debt settlement of $23,376 for the year ended December 31, 2020. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 6. Convertible loan payable (continued) The Company has accounted for the conversion features and warrants in accordance with ASC Topic 815. The conversion features and warrants are considered derivative financial liabilities as they are convertible into common shares at a conversion price denominated in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of the conversion features and warrants was determined on the date of issuance and marked to market at each financial reporting period. Accretion expense for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $nil and $75,093, respectively) based on effective interest rate of 16% after the loan extension. Interest expense for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $101,827 and $185,772, respectively). As at September 30, 2021, the Company has an outstanding interest payable of $nil (December 31, 2020 - $nil). Schedule of Convertible Loan Outstanding Interest Payable <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Amount</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 80%">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--ConvertibleDebt_iS_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zheav0HWubph" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Balance, December 31, 2019">1,815,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Accretion expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--AccretionExpense_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zMIZhj6Rcoga" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Accretion expense">75,093</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Loss on loan extinguishment</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zjk19LVBklY9" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Loss on loan extinguishment">9,407</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Partial extinguishment</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--GainsLossesOnPartialExtinguishmentOfDebt_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zJswHW8jfi6e" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Partial extinguishment">(300,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Loan extinguishment</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--LoanExtinguishment_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zMycNo7VgLKf" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Loan extinguishment">(1,600,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, December 31, 2020 and September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ConvertibleDebt_iE_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zTIX2EUesRhl" title="Balance, December 31, 2020 and September 30, 2021"><span id="xdx_90A_eus-gaap--ConvertibleDebt_iE_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zt5tSxi1fzEl" title="Balance, December 31, 2020 and September 30, 2021">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

1500000

0.10

P1Y

229464

8.50

P2Y

2000000

1500000

45824

116714

4.50

8.50

229464

8.50

P2Y

500000

4.50

116714

4.50

2020-06-30

100000

2660000

300000

696428

9407

2020-07-31

5572980

0.49

23376

75093

0.16

101827

185772

Schedule of Convertible Loan Outstanding Interest Payable <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Amount</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 80%">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--ConvertibleDebt_iS_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zheav0HWubph" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Balance, December 31, 2019">1,815,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Accretion expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--AccretionExpense_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zMIZhj6Rcoga" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Accretion expense">75,093</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Loss on loan extinguishment</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--GainsLossesOnExtinguishmentOfDebt_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zjk19LVBklY9" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Loss on loan extinguishment">9,407</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Partial extinguishment</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--GainsLossesOnPartialExtinguishmentOfDebt_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zJswHW8jfi6e" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Partial extinguishment">(300,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Loan extinguishment</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--LoanExtinguishment_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zMycNo7VgLKf" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Loan extinguishment">(1,600,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, December 31, 2020 and September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ConvertibleDebt_iE_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zTIX2EUesRhl" title="Balance, December 31, 2020 and September 30, 2021"><span id="xdx_90A_eus-gaap--ConvertibleDebt_iE_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--ConvertibleLoanPayableMember_zt5tSxi1fzEl" title="Balance, December 31, 2020 and September 30, 2021">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

1815500

75093

9407

-300000 -1600000

7. Promissory notes payable (i) On November 13, 2019, the Company issued a promissory note in the amount of $300,000. The note was unsecured, bore interest of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20191113__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zahgOBX7blt2" title="Debt instrument, interest rate">1% monthly, and is due on demand after 90 days from issuance. In consideration for the loan, the Company issued <span id="xdx_901_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20191113__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zc5TTt8Aqv4g" title="Warrants to purchase shares">400,000 common share purchase warrants to the lender. Each whole warrant entitles the lender to acquire one common share of the Company at a price of C$<span id="xdx_909_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20191113__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zqZRzuLNLh82" style="font: 10pt Times New Roman, Times, Serif" title="Warrants exercise price">0.80 per share for a period of two years. On April 24, 2020, the Company extended the maturity date of the promissory note payable to August 1, 2020. In consideration, the Company issued <span id="xdx_909_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20200424__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zRR7Ap7IVlKg" title="Warrants to purchase shares">400,000 common share purchase warrants to the lender at an exercise price of C$<span id="xdx_90E_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20200424__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zRWhJih4qvO" title="Warrants exercise price">0.50. The warrants expire on <span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20200424__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zjr029Ei22Ag" title="Warrants and rights outstanding, maturity date">November 13, 2021. This was accounted for as a loan modification. During the six months ended December 31, 2020, the Company repaid $110,658 of the promissory note and settled the remaining balance of $218,281 (C$288,000), which included interest payable of $28,939, in full by issuing <span id="xdx_90E_eus-gaap--DebtConversionConvertedInstrumentSharesIssued1_c20180701__20190630__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zR0csHn3EaEg" title="Settlement of promissory note for issuing common stock">822,857 August 2020 Units (as defined in note 9). The Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative financial liabilities as they are convertible into common shares at a conversion price denominated in a currency other than the Company’s functional currency of the US dollar. The estimated fair value of the warrants was determined on the date of issuance and marks to market at each financial reporting period. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 7. Promissory notes payable (continued) (i) (continued) The fair values of the warrants were estimated using the Binomial model to determine the fair value of the derivative warrant liabilities using the following assumptions: Schedule of Fair Value of Derivative Warrant Liability Assumptions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">November 2019 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_ztD6IWwAvJDa">317 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zz3ihvhv0GIa" title="Warrant liabilities, fair value measurement input, conversion features term">44 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_z5PYqPEeXVwd">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zOfikmbAuEW7" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zgIW7ZelbLVc">0.64</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zGsobO8a45R1" title="Warrant liabilities, fair value measurement input, conversion features">0.30</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zATIdBkCWN67">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zJ5uXIj5AV95" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_ecustom--WarrantLiabilitiesFairValue_iI_pp0p0_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_zSL25PRLpMS2" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Warrant liabilities, fair value">40,999</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--WarrantLiabilitiesFairValue_iI_pp0p0_dxL_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_zqN61lG2QaC3" title="Warrant liabilities, fair value::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98A_eus-gaap--DerivativeGainLossOnDerivativeNet_c20210101__20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">40,999</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">April 2020 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zivRULQAjOIl">317 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zYDvg4ZLBU27" title="Warrant liabilities, fair value measurement input, conversion features term">44 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zg3dZMDbJwCk">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_z2wzG19CaXKj" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zMCnOXGfJUO5">0.27</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zYIVT1RRCJMk">0.30</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_z1YZHdh2Fxa8">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zKbs8R8I7zak">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_zeuY5lU98HCb" title="Warrant liabilities, fair value measurement input, conversion features">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98F_ecustom--WarrantLiabilitiesFairValue_iI_pp0p0_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_zJ2D0kytefF5" style="font-family: Times New Roman, Times, Serif; text-align: right">58,373</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--DerivativeGainLossOnDerivativeNet_c20210101__20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">58,373</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> Accretion expense for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $51,522 and $170,438, respectively) based on an effective interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableMember_zd8VdazMijn2" title="Debt Instrument effective interest rate percentage">11% after the loan extension. Interest expense for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $5,600 and $24,200, respectively). As at September 30, 2021, the Company has an outstanding interest payable of $nil (December 31, 2020 - $nil). (ii) On May 12, 2020, the Company issued a promissory note in the amount of $362,650 (C$500,000), net of $89,190 of debt issue costs. The note bore no interest and was due on demand after 90 days after the issue date. This promissory note was repaid during the nine months ended September 30, 2020. Accretion expense for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $47,737 and $89,190, respectively) based on effective interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_c20200512__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableOneMember_zc07USp5zGq4" title="Debt instrument, interest rate">7%. (iii) On May 12, 2020, the Company issued a promissory note in the amount of $141,704 (C$200,000), net of $35,676 of debt issue costs. The note bore no interest and was due on demand after 90 days after the issue date. During the nine months ended September 30, 2020, the Company settled the promissory note in full by issuing <span id="xdx_907_eus-gaap--DebtConversionConvertedInstrumentSharesIssued1_c20200701__20201231__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableTwoMember_pdd" title="Settlement of promissory note for issuing common stock">714,285 common shares. Accretion expense for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $19,129 and $35,676, respectively) based on effective interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_c20200512__us-gaap--DebtInstrumentAxis__custom--PromissoryNotesPayableTwoMember_zCtMhmzWwkRa" title="Debt instrument, interest rate">8%. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 7. Promissory notes payable (continued) (iv) On June 30, 2020, the Company issued a promissory note in the amount of $75,000, net of $15,000 of debt issue costs. The note bore no interest and was due on demand. This promissory note was repaid in full during the nine months ended September 30, 2020. Financing cost for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $nil and $15,000, respectively). (v) On June 30, 2020, the Company issued a promissory note in the amount of $75,000 to a director of the Company. The note bore no interest and was due on demand. This promissory note was repaid in full during the nine months ended September 30, 2020. Financing cost for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $nil and $15,000, respectively). (vi) On July 13, 2020, the Company issued a promissory note in the amount of $1,200,000, net of $360,000 debt issue costs. The note bore no interest and was due on August 31, 2020. This promissory note was repaid in full during the nine months ended September 30, 2020. Financing cost for the three and nine months ended September 30, 2021 was $nil (three and nine months ended September 30, 2020 - $360,000). (vii) On September 22, 2021, the Company issued a non-convertible promissory note in the amount of $2,500,000 bearing interest of 15% per annum and payable at maturity. The promissory note is scheduled to mature on the earlier of March 15, 2022, or the date at which the Company raises more than $10,000,000 in equity financing in aggregate, beginning September 22, 2021. The Company is considering a land parcel purchase of approximately $200,000, which will be used as security for the promissory note. Interest expense for the three and nine months ended September 30, 2021 was $8,219.

300000

0.01

400000

0.80

P2Y

2020-08-01

400000

0.50

2021-11-13

110658

218281

288000

28939

822857

The fair values of the warrants were estimated using the Binomial model to determine the fair value of the derivative warrant liabilities using the following assumptions: Schedule of Fair Value of Derivative Warrant Liability Assumptions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">November 2019 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_ztD6IWwAvJDa">317 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zz3ihvhv0GIa" title="Warrant liabilities, fair value measurement input, conversion features term">44 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_z5PYqPEeXVwd">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zOfikmbAuEW7" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zgIW7ZelbLVc">0.64</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zGsobO8a45R1" title="Warrant liabilities, fair value measurement input, conversion features">0.30</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zATIdBkCWN67">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zJ5uXIj5AV95" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_ecustom--WarrantLiabilitiesFairValue_iI_pp0p0_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_zSL25PRLpMS2" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Warrant liabilities, fair value">40,999</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--WarrantLiabilitiesFairValue_iI_pp0p0_dxL_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_zqN61lG2QaC3" title="Warrant liabilities, fair value::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98A_eus-gaap--DerivativeGainLossOnDerivativeNet_c20210101__20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--NovemberTwoThousandNineteenssuanceMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">40,999</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">April 2020 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zivRULQAjOIl">317 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zYDvg4ZLBU27" title="Warrant liabilities, fair value measurement input, conversion features term">44 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_zg3dZMDbJwCk">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember_z2wzG19CaXKj" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zMCnOXGfJUO5">0.27</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zYIVT1RRCJMk">0.30</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_z1YZHdh2Fxa8">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zKbs8R8I7zak">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_zeuY5lU98HCb" title="Warrant liabilities, fair value measurement input, conversion features">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98F_ecustom--WarrantLiabilitiesFairValue_iI_pp0p0_c20201231__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_zJ2D0kytefF5" style="font-family: Times New Roman, Times, Serif; text-align: right">58,373</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--DerivativeGainLossOnDerivativeNet_c20210101__20210930__us-gaap--ExtinguishmentOfDebtAxis__custom--AprilTwoThousandTwentyIssuanceMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">58,373</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

P317D

P44D

100

0.64

0.30

0.41

0.14

40999

P317D

P44D

100

0.27

0.30

0.41

0.14

58373

51522

170438

0.11

5600

24200

362650

500000

89190

P90D

47737

89190

0.07

141704

200000

35676

P90D

714285

19129

35676

0.08

75000

15000

75000

15000

1200000

360000

2500000

0.15

2022-03-15

10000000

8219

8. Lease liability The Company has an operating lease for office space that expires in 2022. Below is a summary of the Company’s lease liability as of September 30, 2021: Schedule of Operating Lease Liability <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Office lease</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 80%">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--OperatingLeaseLiability_iS_pp0p0_c20200101__20201231_zIY5xWMHrZZi" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Beginning Balance">274,981</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Addition</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--AdditionOperatingLeasePayments_c20200101__20201231_pdp0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Addition">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Interest expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--InterestExpensesDebt_pp0p0_c20200101__20201231_zzw9OSsLquOb" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Interest expense">22,156</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Lease payments</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20200101__20201231_zTBbYlDieZ8f" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Lease payments">(123,098</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Foreign exchange loss</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20200101__20201231_zWk5oCiUEmfg" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Foreign exchange loss">2,568</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Balance, December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--OperatingLeaseLiability_iS_pp0p0_c20210101__20210930_zt0exXHLvXei" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Beginning Balance">176,607</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Addition</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_ecustom--AdditionOperatingLeasePayments_pdp0_c20210101__20210930_z4AdLRWe4Shj" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Addition">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Interest expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesDebt_pp0p0_c20210101__20210930_zmPVC3KW7PW9" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Interest expense">10,632</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Lease payments</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20210101__20210930_zoesLipoiLEj" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Lease payments">(97,138</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Foreign exchange loss</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20210101__20210930_zBi3TV3rrrcl" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Foreign exchange loss">1,434</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Balance, September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--OperatingLeaseLiability_iE_pp0p0_c20210101__20210930_zzev2qUiOo9g" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Ending Balance">91,535</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Less: current portion</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_c20210930_zj4BS8e1zZ7g" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Less: current portion">(91,535</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Long-term lease liability</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pdp0_c20210930_zAcGFF0c8jJl" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Long-term lease liability">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> In addition to the minimum monthly lease payments of C$13,504, the Company is required to make additional monthly payments amounting to C$12,505 for certain variable costs. The schedule below represents the Company’s obligations under the lease agreement in Canadian dollars. Schedule of Lease Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Less than 1 year</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">1-2 years</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">2-3 years</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Total</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 36%; text-align: left">Base rent</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_ecustom--OperatingLeaseBaseRent_pp0p0_c20210101__20210930__srt--StatementScenarioAxis__custom--LessThanOneYearMember_zKkzk4RoR8Rb" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent">108,032</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--OperatingLeaseBaseRent_c20210101__20210930__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_pdp0" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent"> -</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--OperatingLeaseBaseRent_c20210101__20210930__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_pdp0" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent"> -</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_987_ecustom--OperatingLeaseBaseRent_c20210101__20210930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent">108,032</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Additional rent</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--OperatingLeaseAdditionalRent_c20210101__20210930__srt--StatementScenarioAxis__custom--LessThanOneYearMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">100,040</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--OperatingLeaseAdditionalRent_pdp0_c20210101__20210930__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_zWbRsxjzLNs" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_ecustom--OperatingLeaseAdditionalRent_c20210101__20210930__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_pdp0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--OperatingLeaseAdditionalRent_c20210101__20210930_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">100,040</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--PaymentsForRent_c20210101__20210930__srt--StatementScenarioAxis__custom--LessThanOneYearMember_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">208,072</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--PaymentsForRent_c20210101__20210930__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_pdp0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--PaymentsForRent_c20210101__20210930__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_pdp0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--PaymentsForRent_c20210101__20210930_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">208,072</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> The monthly rental expenses are offset by rental income obtained through a series of short-term subleases held by the Company. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

The Company has an operating lease for office space that expires in 2022. Below is a summary of the Company’s lease liability as of September 30, 2021: Schedule of Operating Lease Liability <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Office lease</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 80%">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--OperatingLeaseLiability_iS_pp0p0_c20200101__20201231_zIY5xWMHrZZi" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Beginning Balance">274,981</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Addition</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--AdditionOperatingLeasePayments_c20200101__20201231_pdp0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Addition">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Interest expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--InterestExpensesDebt_pp0p0_c20200101__20201231_zzw9OSsLquOb" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Interest expense">22,156</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Lease payments</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20200101__20201231_zTBbYlDieZ8f" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Lease payments">(123,098</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Foreign exchange loss</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20200101__20201231_zWk5oCiUEmfg" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Foreign exchange loss">2,568</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Balance, December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--OperatingLeaseLiability_iS_pp0p0_c20210101__20210930_zt0exXHLvXei" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Beginning Balance">176,607</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Addition</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_ecustom--AdditionOperatingLeasePayments_pdp0_c20210101__20210930_z4AdLRWe4Shj" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Addition">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Interest expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_ecustom--InterestExpensesDebt_pp0p0_c20210101__20210930_zmPVC3KW7PW9" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Interest expense">10,632</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Lease payments</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--OperatingLeasePayments_iN_pp0p0_di_c20210101__20210930_zoesLipoiLEj" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Lease payments">(97,138</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Foreign exchange loss</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_ecustom--ForeignCurrencyTransactionGainLoss_pp0p0_c20210101__20210930_zBi3TV3rrrcl" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Foreign exchange loss">1,434</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Balance, September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--OperatingLeaseLiability_iE_pp0p0_c20210101__20210930_zzev2qUiOo9g" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Ending Balance">91,535</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Less: current portion</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_c20210930_zj4BS8e1zZ7g" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Less: current portion">(91,535</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Long-term lease liability</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pdp0_c20210930_zAcGFF0c8jJl" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Long-term lease liability">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

274981

22156

123098

2568

176607

10632

97138

1434

91535

13504

12505

Schedule of Lease Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Less than 1 year</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">1-2 years</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">2-3 years</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Total</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 36%; text-align: left">Base rent</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_ecustom--OperatingLeaseBaseRent_pp0p0_c20210101__20210930__srt--StatementScenarioAxis__custom--LessThanOneYearMember_zKkzk4RoR8Rb" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent">108,032</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--OperatingLeaseBaseRent_c20210101__20210930__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_pdp0" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent"> -</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--OperatingLeaseBaseRent_c20210101__20210930__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_pdp0" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent"> -</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_987_ecustom--OperatingLeaseBaseRent_c20210101__20210930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 12%; text-align: right" title="Base rent">108,032</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Additional rent</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--OperatingLeaseAdditionalRent_c20210101__20210930__srt--StatementScenarioAxis__custom--LessThanOneYearMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">100,040</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--OperatingLeaseAdditionalRent_pdp0_c20210101__20210930__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_zWbRsxjzLNs" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_ecustom--OperatingLeaseAdditionalRent_c20210101__20210930__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_pdp0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--OperatingLeaseAdditionalRent_c20210101__20210930_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Additional rent">100,040</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--PaymentsForRent_c20210101__20210930__srt--StatementScenarioAxis__custom--LessThanOneYearMember_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">208,072</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--PaymentsForRent_c20210101__20210930__srt--StatementScenarioAxis__custom--OneToTwoYearsMember_pdp0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--PaymentsForRent_c20210101__20210930__srt--StatementScenarioAxis__custom--TwoToThreeYearsMember_pdp0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--PaymentsForRent_c20210101__20210930_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Rent">208,072</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

108032 108032 100040 100040

208072

9. Capital stock, warrants and stock options Authorized The total authorized capital is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">750,000,000 common shares with a par value of $0.000001 per common share; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">10,000,000 preferred shares with a par value of $0.000001 per preferred share</td></tr> </table> Issued and outstanding On February 26, 2020, the Company closed a non-brokered private placement, issuing <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200225__20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_z12vbbubdep3" title="Number of shares issued">2,991,073 common shares of the Company at C$<span id="xdx_900_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zheWTrr5eZvi" title="Shares issued price per share">0.56 per common share for gross proceeds of C$<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_uCAD_c20200225__20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zgt4WU14Qjmc" title="Proceeds from issuance of private placement">1,675,000 ($<span id="xdx_904_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20200225__20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_z06OLONuZmq9" title="Proceeds from issuance of private placement">1,256,854) and incurring financing costs of $95,763, and issuing <span id="xdx_908_eus-gaap--DeferredFinanceCostsNet_c20200226__us-gaap--AwardTypeAxis__custom--BrokerWarrantsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Financing costs">239,284 broker warrants. <span id="xdx_904_ecustom--IssuanceOfSharesDescription_c20200225__20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_znelk9GfhFve" title="Issuance of shares, description">Each broker warrant entitles the holder to acquire one common share at a price of C$<span id="xdx_900_eus-gaap--SharesIssuedPricePerShare_iI_pid_uCADPShares_c20200226__us-gaap--StatementEquityComponentsAxis__custom--OneCommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zeEmTOAnIbq9" title="Shares issued price per share">0.70 per common share for a period of <span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dt_c20200226__us-gaap--StatementEquityComponentsAxis__custom--OneCommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zaw7jyetvlw8" title="Warrant term">two years. The Company also issued 696,428 common shares for $<span id="xdx_906_ecustom--PrincipalAmountOfConvertibleLoanFacility_iI_pp0p0_c20200226__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zpUk3aAoFO23" title="Principal amount of convertible loan facility">300,000 which was applied to reduce the principal amount owing under the convertible loan facility (see note 6). During the nine months ended September 30, 2020, the Company issued <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200101__20200930__us-gaap--ClassOfWarrantOrRightAxis__custom--AugustTwoThousandNinteenUnitMember_zZQe6prpNQri" title="Number of shares issued">3,315,200 units at a deemed price of C$0.05 as finder’s fees with a total value of C$165,760 ($125,180) to a shareholder of the Company. Each unit consisted of one common share of the Company and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of C$<span id="xdx_906_eus-gaap--SharesIssuedPricePerShare_iI_pid_uCADPShares_c20200930__us-gaap--StatementEquityComponentsAxis__custom--OneCommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zrJf2Lgiou2a">0.25 per common share for a period of <span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dt_c20210930__us-gaap--StatementEquityComponentsAxis__custom--OneCommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zZp3zKq4OAk1">two years. On May 12, 2020, the Company closed a non-brokered private placement, issuing <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200511__20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zOLySiIvQtij" title="Number of shares issued">107,143 common shares of the Company at C$<span id="xdx_904_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zgQ14tG6ZYA2" title="Shares issued price per share">0.56 per common share for gross proceeds of C$<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_uCAD_c20200511__20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zHRPkoFxpog8" title="Proceeds from issuance of private placement">60,000 ($<span id="xdx_901_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_c20200511__20200512__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zPACjOvt3Qz2" title="Proceeds from issuance of private placement">44,671). On August 14, 2020, the Company closed the first tranche of a brokered private placement of units of the Company (the “August 2020 Offering”), issuing <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200808__20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pdd" title="Number of shares issued">35,212,142 units of the Company (“August 2020 Units”) at C$<span id="xdx_904_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_ze4GfewbAq3d" title="Shares issued price per share">0.35 per August 2020 Unit for gross proceeds of $<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200808__20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Proceeds from issuance of private placement">9,301,321 (C$<span id="xdx_90A_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_uCAD_c20200808__20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zNJzdx0CylCa" title="Proceeds from issuance of private placement">12,324,250). Each August 2020 Unit consisted of one common share of the Company and one common share purchase warrant of the Company (each, a “August 2020 Warrant”), which entitles the holder to acquire a common share of the Company at C$<span id="xdx_907_eus-gaap--CommonStockParOrStatedValuePerShare_iI_uCADPShares_c20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zHQrD7bgvx7k" title="Common stock, par value">0.50 per common share until August 31, 2023. In connection with the first tranche of the August 2020 Offering, the Company incurred share issuance costs of $<span id="xdx_90E_eus-gaap--DeferredFinanceCostsNet_c20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Financing costs">709,488 (C$<span id="xdx_90F_eus-gaap--DeferredFinanceCostsNet_iI_pp0p0_uCAD_c20200814__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zKHalDTkh0J" title="Financing costs">849,978) and issued <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20200811__20200814__us-gaap--AwardTypeAxis__custom--CompensationOptionsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pdd" title="Compensation options, shares">2,112,729 compensation options (the “August 2020 Compensation Options”). Each August 2020 Compensation Option is exercisable into one August 2020 Unit at an exercise price of C$<span id="xdx_908_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20200814__us-gaap--AwardTypeAxis__custom--CompensationOptionsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zF5XlFUHjys3" title="Shares issued price per share">0.35 until August 31, 2023. On August 25, 2020, the Company closed the second tranche of the August 2020 Offering, issuing <span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20200824__20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pdd" title="Number of shares issued">20,866,292 August 2020 Units at C$<span id="xdx_900_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_zRfE9ovGnaX4" title="Shares issued price per share">0.35 per August 2020 Unit for gross proceeds of $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200824__20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pp0p0" title="Proceeds from issuance of private placement">5,510,736 (C$<span id="xdx_90E_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_uCAD_c20200824__20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_z2el3MYMc9Na" title="Proceeds from issuance of private placement">7,303,202). In connection with the second tranche of the August 2020 Offering, the Company incurred share issuance costs of $<span id="xdx_90E_eus-gaap--DeferredFinanceCostsNet_c20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pp0p0" title="Financing costs">237,668 (C$<span id="xdx_903_eus-gaap--DeferredFinanceCostsNet_iI_pp0p0_uCAD_c20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_zFYS6BP8FcOb" title="Financing costs">314,512) and issued <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20200824__20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pdd" title="Compensation options, shares">1,127,178 August 2020 Compensation Options. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) In the August 2020 Offering, the fair value of warrants, which are treated as a liability and fair value accounted for, were greater than gross proceeds. As a result, a loss of $<span id="xdx_900_eus-gaap--EquitySecuritiesFvNiGainLoss_c20200824__20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pp0p0" title="Loss on private placement">940,290 has been recognized and $<span id="xdx_903_eus-gaap--PaymentsOfStockIssuanceCosts_c20200824__20200825__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pp0p0" title="Equity issuance cost">947,156 of total share issue costs were also expensed. The Company also issued <span id="xdx_90A_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20200824__20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pp0p0" title="Proceeds from issuance of private placement">2,205,714 August 2020 Units to settle $<span id="xdx_908_eus-gaap--AccountsPayableCurrent_c20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Accounts payable">177,353 of accounts payable, $<span id="xdx_90B_eus-gaap--AccruedLiabilitiesCurrent_c20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Accrued liabilities">55,676 of accrued liabilities, $<span id="xdx_905_eus-gaap--InterestAndDividendsPayableCurrent_c20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Interest payable">28,300 of interest payable, and $<span id="xdx_907_eus-gaap--NotesPayable_c20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_pp0p0" title="Promissory notes payable">344,185 of promissory notes payable at a deemed price of $<span id="xdx_90E_ecustom--DeemedPrice_iI_pid_c20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zo26DY6OiMi4" title="Deemed price">0.67 based on the fair value of the units issued. As a result, the Company recorded a loss on debt settlement of $<span id="xdx_907_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20200824__20200831__us-gaap--SubsidiarySaleOfStockAxis__custom--BrokeredPrivatePlacementMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheTwoMember_pp0p0" title="Loss on loan extinguishment">899,237. On October 9, 2020, the Company issued 5,572,980 common shares at a deemed price of C$0.49 based on the fair value of the common shares issued to settle $1,600,000 of convertible loan payable and $500,000 of interest payable. As a result, the Company recorded a gain on debt settlement of $23,376. In February 2021, the Company closed a non-brokered private placement of units of the Company (the “February 2021 Offering”), issuing <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210201__20210228__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--TypeOfArrangementAxis__custom--FebruaryTwoThousandTwentyOfferingMember_pdd" title="Number of shares issued">19,576,360 units of the Company (“February 2021 Units”) at C$<span id="xdx_901_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20210228__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--TypeOfArrangementAxis__custom--FebruaryTwoThousandTwentyOfferingMember_z51z2XBXoeMa" title="Shares issued price per share">0.40 per February 2021 Unit for gross proceeds of $<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20210201__20210228__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--TypeOfArrangementAxis__custom--FebruaryTwoThousandTwentyOfferingMember_pp0p0" title="Proceeds from issuance of private placement">6,168,069 (C$<span id="xdx_905_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp0p0_uCAD_c20210201__20210228__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember__us-gaap--TypeOfArrangementAxis__custom--FebruaryTwoThousandTwentyOfferingMember_zRQLJCSeAeW9" title="Proceeds from issuance of private placement">7,830,544). Each February 2021 Unit consisted of one common share of the Company and one common share purchase warrant of the Company (each, an “February 2021 Warrant”), which entitles the holder to acquire a common share of the Company at C$<span id="xdx_901_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20210228__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyWarrantsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zFHRR7C557Al" title="Warrant exercise price">0.60 per common share for a period of <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dt_c20210228__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyWarrantsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_ze6o0KPbXIdk" title="Warrant term">five years. In connection with the February 2021 Offering, the Company incurred share issuance costs of $<span id="xdx_90F_eus-gaap--PaymentsOfStockIssuanceCosts_c20210201__20210228__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneCompensationOptionsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Equity issuance cost">159,397 and issued <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20210201__20210228__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneCompensationOptionsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pdd" title="Compensation options, shares">351,000 compensation options (the “February 2021 Compensation Options”). Each February 2021 Compensation Option is exercisable into one February 2021 Unit at an exercise price of C$<span id="xdx_909_eus-gaap--SharesIssuedPricePerShare_iI_uCADPShares_c20210228__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneCompensationOptionsMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_zH72VE3bT5u5" title="Shares issued price per share">0.40 for a period of three years. The Company also issued <span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210201__20210228__us-gaap--AwardTypeAxis__custom--FebruaryTwoThousandTwentyOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pdd" title="Number of shares issued">417,720 February 2021 Units to settle $<span id="xdx_904_eus-gaap--AccruedLiabilitiesCurrent_c20210228__us-gaap--AwardTypeAxis__custom--FebruaryTwoThousandTwentyOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Accrued liabilities">132,000 of accrued liabilities at a deemed price of $<span id="xdx_90D_ecustom--DeemedPrice_c20210228__us-gaap--AwardTypeAxis__custom--FebruaryTwoThousandTwentyOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pdd" title="Deemed price">0.45 based on the fair value of the units issued. As a result, the Company recorded a loss on debt settlement of $<span id="xdx_90F_eus-gaap--GainsLossesOnExtinguishmentOfDebt_c20210201__20210228__us-gaap--AwardTypeAxis__custom--FebruaryTwoThousandTwentyOneMember__us-gaap--SubsidiarySaleOfStockAxis__custom--NonBrokeredPrivatePlacementMember_pp0p0" title="Loss on loan extinguishment">56,146. For each financing, the Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative instruments as they were issued in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of warrants accounted for as liabilities was determined on the date of issue and marks to market at each financial reporting period. The change in fair value of the warrant is recorded in the condensed interim consolidated statements of income (loss) and comprehensive income (loss) as a gain or loss and is estimated using the Binomial model. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) The fair value of the warrant liabilities related to the various tranches of warrants issued during the period were estimated using the Binomial model to determine the fair value using the following assumptions on the day of issuance and as at September 30, 2021: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">February 2021 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">February 9 and 16, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zLgBydSw47sd" title="Warrant liabilities, fair value measurement input, conversion features term"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zDtQKOgAXtza">1826 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zpwLNuWhqCGi" title="Warrant liabilities, fair value measurement input, conversion features term">1593 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zAmlqV6y66Y4"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zX3sGwwuNFih">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zrMrlPToLcVc" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zkBTLiB1zbfk"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zNqesqATyWfg">0.49</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zVMyDiQGKwU9" title="Warrant liabilities, fair value measurement input, conversion features">0.89</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zu8kWrMz3SFi"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z3fQLaI0pGbe" title="Warrant liabilities, fair value measurement input, percentage">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zFoyJX1QHg01" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--SharePrice_iI_pid_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zfyXrayI2SX3">0.27 and $<span id="xdx_90F_eus-gaap--SharePrice_iI_pid_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zeHBIGdOUFF2" title="Share price">0.29</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z2Gc7wOTM9H9" title="Share price">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--FairValueAdjustmentOfWarrants_c20210215__20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" title="Warrant liabilities, fair value"><span id="xdx_903_eus-gaap--FairValueAdjustmentOfWarrants_c20210208__20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" title="Warrant liabilities, fair value">3,813,103</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_eus-gaap--FairValueAdjustmentOfWarrants_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Warrant liabilities, fair value">1,440,591</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--DerivativeGainLossOnDerivativeNet_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">2,372,512</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> The warrant liabilities as a result of the August 2018, November 2018, June 2019, August 2019, and August 2020 private placements were revalued as at September 30, 2021 and December 31, 2020 using the Binomial model and the following assumptions: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">August 2018 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z5OXH1Wnphnf">221 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">Expired </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zXV5SZ5Pu8g9">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zBkfuicDnYr4">1.23</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zMmdfRyUt6af">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zn7qvIRwWgr4">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_dxL_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zIYOGwJMUxni" title="::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_dxL_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z75DeY8rUfv1" title="Warrant liabilities, fair value::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_dxL_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zr1nA3NdF3b9" title="Change in derivative liability::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">November 2018 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zDhGh3bkEPUl">332 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zkDHJcGjgDnj">59 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zX2dgJy0KBo9">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zpHmliTrKtLb">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zvJNpxUbuiuc">1.09</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zj1FAZZeCh5f">0.92</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z5V6hcPtFLad">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zDckXrwscHlg">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z3mwt2xIRvvl">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zpDWXv40i2Cf">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zHC7qTVS7rbh" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Warrant liabilities, fair value">52,540</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_dxL_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zSudAZgTfv93" title="Warrant liabilities, fair value::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98F_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zmc6xBatUyyk" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">52,540</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">June 2019 issuance (i)</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zNtyGkHI9cd3">1826 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zfeZUSofHTK6">1553 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zUVfWcY5Dox7">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zP5nhZgJEDn6">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zzOHB4J2pghi">0.85</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_ziBuHW4l9F16">0.84</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zMgdkPgXYvTa">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zSWzFOB17Nt2" title="(i)">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zelFaC7rA2id">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_z7U7MBEPuAm6">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"/></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zblznSZzw5xc" style="font-family: Times New Roman, Times, Serif; text-align: right">3,438,839</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_z2IvDa8G2E06" style="font-family: Times New Roman, Times, Serif; text-align: right">837,368</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"/></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zMCZP17xR2uh" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">2,601,471</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.1in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">In December 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zqMGKDFk1XF7" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zp56e3xTPCNc" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pdd" title="Number of warrants issued">11,660,000 warrants.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif">August 2019 issuance (ii)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">September 30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zFY7rNk2lvJ" title="Warrant liabilities, fair value measurement input, conversion features term">213-<span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z99vEMLADlq2" title="Warrant liabilities, fair value measurement input, conversion features term">1826 days</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zcHZ6dLyZjHg">1553 days</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zR1hPuOSo2qf">100</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zNJbzP5mvh99">100</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zFMicbPsiT29">0.81</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z9vKV5TVLXAc">0.84</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zX8ocWhe9YG">0</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zSJZA07jdXTh">0</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">Share price</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zg7g96ggf2qh">0.41</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z7TOvuf15Xj7">0.14</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">Fair value</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_987_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zRJBu3A6m9da" style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,922,270</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zwmKvBEw8KUa" style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,282,713</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z4A8XrB4ZRjg" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">4,639,557</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F06_zF9JoykQNc1c" style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right">(ii)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.1in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">In December 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zdsobjHl6f1a" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zf12H1PEw926" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pdd" title="Number of warrants issued">17,920,000 warrants. The terms of the remaining <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pdd" title="Number of warrants outstanding">2,752,900 warrants remain unchanged.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">August 2020 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zccopnvb0Ai4">973 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z9G9m7nLBxgl">700 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_ze3C7TJ5FeGi">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_za6XDT3L3XN8">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zo2lrfmnaxi9">1.31</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zbQ8UuQNb3v8">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z2pwOPpHWzOl">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zXhU2gXYquq7">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zBZ59YOVZm61">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zWlL5IRLghH8">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zIwi7xHbMDYg" style="font-family: Times New Roman, Times, Serif; text-align: right">14,493,215</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z1NYBbRtoXI3" style="font-family: Times New Roman, Times, Serif; text-align: right">2,085,987</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zviuiLbN3Ufe" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">12,407,228</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Warrants Schedule of Warrant Activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Number of</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Weighted average exercise price</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Weighted average grant date</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">warrants</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">(C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 55%">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zhUUgPgV9lrc" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Number of warrants, beginning balance">36,452,284</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zrCvt1wQVRQ7" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Weighted average exercise price, beginning balance">0.48</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zDZvwRTUDfzb" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Weighted average grant date, beginning balance">0.16</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Issued</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Issued">62,238,632</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zMxHn4G9rA27" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Issued">0.49</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_pid_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zAv1pa59Pn5c" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Issued">0.26</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Expired</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_iN_di_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z15VNeU7Zkfk" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Expired">(346,178</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zR3hJTjrMKmc" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, expired">14.84</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageGrantDate_pid_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zi37Om1maTyc" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Expired">5.97</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Exercised (i)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zmCShoDJkWT6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Excercised">(2,332,900</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zqiSVORXmqf1" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, exercised">0.25</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageGrantDate_pid_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zBfTaPaovPHc" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Exercised">0.02</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, September 30, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z3uEqUq5zfJa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, ending balance">96,011,838</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z8TqQWYt5d4f" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, ending balance">0.47</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iE_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zaocdkrRuIY4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, ending balance">0.20</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Balance, December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zIKCMS3auP7f" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, beginning balance">95,777,806</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zZs5uqRnRQ2d" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, beginning balance">0.54</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementBySharesBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zqzZKBE4LxYl" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, beginning balance">0.16</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Issued</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Issued">19,994,080</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zIcnNoLEsmDh" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Issued">0.6</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Issued">0.19</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Expired</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_iN_di_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zZ0EThOFk1T9" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(2,913,308</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">) </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zz754D7loSBl" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.48</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageGrantDate_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zEFXEt0qO8C4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.14</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1.5pt">Balance, September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zkDyrhq3p2Pb" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, ending balance">112,858,578</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zkzH6AQBxCe9" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, ending balance">0.55</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iE_pid_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zbLQPqGBnhg3" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, ending balance">0.19</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F05_zut160QhuuK2" style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.1in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">During the nine months ended September 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zrk9ojRPb3pc" title="Number of warrants, Exercised">2,332,900 warrants were exercised at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zJeGQIGLyxge" title="Weighted average exercise price, exercised">0.25 per warrant for gross proceeds of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--ProceedsFromIssuanceOfWarrants_pp0p0_uCAD_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zaFJAw74YwL8">583,225 ($<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ProceedsFromIssuanceOfWarrants_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pp0p0" title="Proceeds from issuance of warrants">417,006). In conjunction with the exercise of warrants, the Company recognized a change in derivative liability of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--DerivativeLiabilities_c20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pp0p0" title="Derivative liabilities">871,710.</td></tr> </table> Schedule of Warrants Outstanding Exercise Price <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif">Expiry date</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number of warrants</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number of warrants exercisable</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%">November 13, 2021</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_ziFu5cfGOBlb" style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right" title="Exercise price">0.80</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants exercisable">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">November 13, 2021</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_zvE39KtFhf06" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">November 28, 2021</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_zmnCqTCuTmkd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">1.00</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">645,866</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">645,866</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">February 26, 2022</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_zVa8SEVA43t8" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.70</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">239,284</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">239,284</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">August 31, 2023</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_zRBsaDNAho7h" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">58,284,148</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">58,284,148</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">December 31, 2025</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_zVUD89d92PTf" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.59</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">32,895,200</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">32,895,200</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">February 9, 2026</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_zL9nABFiEt65" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.60</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">17,112,500</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">17,112,500</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">February 16, 2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_980_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_zNNbR66IHrck" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.60</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">2,881,580</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">2,881,580</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">112,858,578</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">112,858,578</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Broker options Schedule of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">broker options</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">exercise price (C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance, December 31, 2019</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zsv4Wcgn8Zf3" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Beginning balance">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zobVQb6ZUElf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average exercise price beginning balance">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; width: 60%; text-align: left">Issued - August 2020 Compensation Options (i)</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKGkp_zdfIKI7W5nlk" style="border-bottom: Black 1.5pt solid; width: 16%; text-align: right" title="Issued - Compensation Options">3,239,907</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKGkp_zkwHYtbykaMl" style="border-bottom: Black 1.5pt solid; width: 16%; text-align: right" title="Weighted Average exercise price Issued - Compensation Options">0.35</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance, December 31, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zBdnjoy85lla" style="text-align: right" title="Number of stock options, Beginning balance">3,239,907</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_ztt6C7VJVb0i" style="text-align: right" title="Weighted Average exercise price beginning balance">0.35</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Issued - February 2021 Compensation Options</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Issued - August 2020 Compensation Options">351,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zXMnzqUCq9j8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average exercise price Issued - August 2020 Compensation Options">0.40</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance, September 30, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_z7UMRUWoj1E1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Ending balance">3,590,907</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_uCADPShares_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zidCuafHpNu6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average exercise price ending balance">0.35</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(i)</td> <td style="text-align: justify">The grant date fair values of the August 2020 Compensation Options and February 2021 Compensation Options were estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEJyb2tlciBPcHRpb25zIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_908_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zCzZASNAlrm5" title="Number of warrants exercisable">521,993 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEJyb2tlciBPcHRpb25zIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zzMdzxIGWLvg" title="Number of warrants exercisable">68,078, respectively, using the Black-Scholes valuation model with the following underlying assumptions:</td></tr> </table> <p id="xdx_893_ecustom--ScheduleOfEstimatedUsingBlackscholesValuationModelForFairValueOfBrokerOptionsTableTextBlock_z6CJ3T0sTkQe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif"> Grant Date</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Volatility</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Stock price</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Weighted average life</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 35%">August 2020 </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zUpDyij00IDc" title="Risk free interest rate">0.31</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zr7KgtxUbFL3" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zzNwzfaj81k5" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">% </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><p id="xdx_983_eus-gaap--SharePrice_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zBUJIlS6xBma" style="font: 10pt Times New Roman, Times, Serif; margin: 0" title="Stock price">C$0.35 </td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zanqbE6Yune2" title="Weighted average life">3 years </td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">February 2021</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zcimPfy5lfA4">0.26</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zmT1kD3caBL5">0</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zeYIxpOWGYy">100</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharePrice_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zNUuzhWB6rN6" style="font: 10pt Times New Roman, Times, Serif; text-align: right">C$0.35</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zzw8VWAYnk68">3 years</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> Schedule of Warrants Outstanding Broker Option Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">Expiry date</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of broker options</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Fair value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 46%"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_z2tfZ1mg2twf" style="font-family: Times New Roman, Times, Serif">August 31, 2023 (i)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zibGuSkCEEA2" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Exercise price">0.35</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--NumberOfBrokerOptions_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zXUauBURMJaf" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of broker options">3,239,907</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zqfghEv1tYC8" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants exercisable">521,993</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">February 16, 2024 (ii)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____z7LL7zbye3M7" style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.40</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--NumberOfBrokerOptions_iI_pid_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____zkwaDFWiILI4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of broker options">351,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____zZrKX1J0C5g5" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">68,078</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_ecustom--NumberOfBrokerOptions_c20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of broker options">3,590,907</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">590,071</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20px; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 7px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exercisable into one August 2020 Unit</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20px; text-align: right">(ii)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 7px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exercisable into one February 2021 Unit</td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Stock options The following table summarizes the stock option activity during the periods ended September 30, 2021 and 2020: Schedule of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of stock options</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted Average exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%; padding-bottom: 1.5pt">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20200101__20200930_z2SmdL17bsF1" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of stock options, Beginning balance">1,692,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20200101__20200930_zvFV1q6N2ds2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Weighted Average exercise price beginning balance">1.27</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Granted (i)(ii)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200101__20200930_fKGkpKGlpKQ_____z7ICzxf3X5Ji" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Granted">6,157,659</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20200930_fKGkpKGlpKQ_____z9BieKvNrtXc" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Granted">0.55</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Forfeited</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di_c20200101__20200930_zxBEST51cxfe" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Forfeited">(70,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20200930_zY3MVeNEmSIa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Forfeited">10.38</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, September 30, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20200101__20200930_zqbKwTphuLGg" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Ending balance">7,780,159</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_uCADPShares_c20200101__20200930_zBvm2hb413mf" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted Average exercise price ending balance">0.62</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Balance, December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20210101__20210930_zL9behW0aYea" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Beginning balance">8,015,159</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20210101__20210930_zKGsP6Dzp2m4" style="font-family: Times New Roman, Times, Serif; text-align: right">0.62</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Granted (iv)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20210101__20210930_fKGl2KQ_____zov5Ft0GCp8b" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Granted">1,037,977</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930_fKGl2KQ_____ziYHjlV4jlcb" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.34</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20210101__20210930_z3Y76cvUj6c3" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Ending balance">9,053,136</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_uCADPShares_c20210101__20210930_zG3BhD5HuHG" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.58</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(i)</td> <td style="text-align: justify">On October 24, 2019, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_zVjVNaiUxmv7" title="Number of vested stock option shares">1,575,000 stock options were issued to directors and officers of the Company. These options have a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_z8YjcdqeFizi" title="Stock option expiration term">5-year life and are exercisable at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_zW1vDRNUZGFe" title="Weighted average exercise price, Granted">0.60 per share. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_z5XTJP2oV0il" title="Fair value of stock option vested">435,069. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">10,430 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">48,189, for the three and nine months ended September 30, 2021 respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_c20200701__20200930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">45,173 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">186,614, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(ii)</td> <td style="text-align: justify">On April 20, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zBf1rk9Cj2ab" title="Number of vested stock option shares">5,957,659 stock options were issued to certain directors of the Company. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zeEU2qWMPKik" title="Weighted average exercise price, Granted">0.55. The stock options vest in one-fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zDy6SKlhCO84">5 years. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zUpfhTg8KWO6" title="Fair value of stock option vested">1,536,764. The vesting of these options results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Stock based compensation expense">104,890 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Stock based compensation expense">427,034, for the three and nine months ended September 30, 2021 respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__custom--DirectorsMember_zs1vomnpxpY3" title="Stock based compensation expense">201,728 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Stock based compensation expense">357,409, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iii)</td> <td style="text-align: justify">On September 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_z118s3h9f64b" title="Number of vested stock option shares">200,000 stock options were issued to a consultant. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zgqj5Mf4tQP" title="Weighted average exercise price, Granted">0.60. The stock options vest <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_zY61F481KvAg" title="Vesting percentage">50% at 6 months and <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_c20191001__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zKOZyJVnRnEi" title="Vesting percentage">50% at 12 months from the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_z24A6wvZg08i" title="Stock option expiration term">3 years. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Fair value of stock option vested">52,909. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Stock based compensation expense">6,596 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Stock based compensation expense">32,652, for the three and nine months ended September 30, 2021, respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zBMrAoKLMurd">218 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zpcpEVhGb5ti">218, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iv)</td> <td style="text-align: justify">On February 19, 2021, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember_pdd" title="Number of vested stock option shares">1,037,977 stock options were issued to an officer of the Company, of which <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--StatementScenarioAxis__custom--VestImmediatelyMember__srt--TitleOfIndividualAxis__srt--OfficerMember_pdd" title="Number of vested stock option shares">273,271 stock options vest immediately and the balance of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardDateAxis__custom--DecemberThirtyOneTwoThousandTwentyOneMember_pdd" title="Number of vested stock option shares">764,706 stock options shall vest on December 31, 2021. These options have a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember_zZxson9Mk9B" title="Stock option expiration term">5-year life and are exercisable at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember_zS8b7V8xKNO1" title="Weighted average exercise price, Granted">0.335 per common share. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20190218__20190219__srt--StatementScenarioAxis__custom--VestImmediatelyMember__srt--TitleOfIndividualAxis__srt--OfficerMember_pp0p0" title="Fair value of stock option vested">204,213. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember_pp0p0" title="Stock based compensation expense">43,941 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember_pp0p0" title="Stock based compensation expense">160,750, for the three and nine months ended September 30, 2021, respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember_z77C5FttJeQ6" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember_zr68jQlQ9VS3" title="::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Stock options (continued) The fair value of these stock options was determined on the date of grant using the Black-Scholes valuation model, and using the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Volatility</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Stock price</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted average life</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: center">(i)</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_ztgULemcYGeg" title="Risk free interest rate">1.54</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_ziJ6jvajwNyk" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zesF1oQRDbQ5" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right">C$<span id="xdx_90E_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zGZrv5W07RX" title="Stock price">0.50</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_z3mMWxfNUg1a" title="Weighted average life">5 years</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: center">(ii)</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zboYFCPXmJVl" title="Risk free interest rate">0.44</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_z6iqv6szACEf" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zva1EoxlPkUj" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">C$<span id="xdx_905_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zXD1k9J91Yng" title="Stock price">0.50</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember" title="Weighted average life">5 years</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: center">(iii)</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zc5KltRQt6cj" title="Risk free interest rate">0.25</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zdmP7uowgXxi" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_z7UytfZ573kd" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">C$<span id="xdx_909_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zzeLv4tDzBz6" title="Stock price">0.58</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember" title="Weighted average life">3 years</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: center">(iv)</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zXTicrUCPKni" title="Risk free interest rate">0.64</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zdBv9HeCXlK9" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_z1cCWrBh5VVk" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">C$<span id="xdx_90E_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zl6gFdQf6KM9" title="Stock price">0.34</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember" title="Weighted average life">5 years</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> The following table reflects the actual stock options issued and outstanding as of September 30, 2021: Schedule of Stock Option Issued and Outstanding <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted average remaining contractual life (years)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Number of options outstanding</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of options vested (exercisable)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Grant date fair value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_zly0wDPCYLX1" style="font-family: Times New Roman, Times, Serif; width: 17%; text-align: right" title="Exercise price">10.00</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 17%; text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_z5IpIhykyhjg" title="Weighted average remaining contractual life (years)">0.59</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pdd" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of stock options outstanding">47,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_zIOjvxbxDMMk" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of options vested (exercisable)">47,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 3%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 15%; text-align: right" title="Grant date fair value">258,013</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_zkmTMdlgBCue" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.50</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_zIH5vDm0rLG9" title="Weighted average remaining contractual life (years)">1.25</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">235,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">235,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">46,277</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_zw2b7IP9mYPk" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.60</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_zsruE4u5Fh0k" title="Weighted average remaining contractual life (years)">2.00</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">200,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">200,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">52,909</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_zG5MOYpOYcX" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.60</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_zi8aEVB2y92i" title="Weighted average remaining contractual life (years)">3.07</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">1,575,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">1,275,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">435,069</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_zRZCgkbMHfck" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.55</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_zU32YsTo7vv3" title="Weighted average remaining contractual life (years)">3.56</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">5,957,659</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">1,489,415</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">1,536,764</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_zQYoW4d50gX4" style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.335</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"><span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_zABvkyXAIDg9" title="Weighted average remaining contractual life (years)">4.39</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">1,037,977</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">273,271</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">204,213</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iI_c20210930_zwjFf8Bmd3Qc" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">9,053,136</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20210930_zEotS9v27cQa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">3,520,186</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_pp0p0_c20210930_zA29p97jGgo8" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">2,533,245</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

750000000

0.000001

10000000

0.000001

2991073

0.56

1675000

1256854

95763

239284

Each broker warrant entitles the holder to acquire one common share at a price of C$0.70 per common share for a period of two years. The Company also issued 696,428 common shares for $300,000 which was applied to reduce the principal amount owing under the convertible loan facility (see note 6).

0.70

P2Y

696428 300000

3315200

0.05

165760

125180

0.25

P2Y

107143

0.56

60000

44671

35212142

0.35

9301321

12324250

0.50

709488

849978

2112729

0.35

20866292

0.35

5510736

7303202

237668

314512

1127178

940290

947156

2205714

177353

55676

28300

344185

0.67

899237

5572980

0.49

1600000

500000

23376

19576360

0.40

6168069

7830544

0.60

P5Y

159397

351000

0.40

417720

132000

0.45

56146

The fair value of the warrant liabilities related to the various tranches of warrants issued during the period were estimated using the Binomial model to determine the fair value using the following assumptions on the day of issuance and as at September 30, 2021: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">February 2021 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">February 9 and 16, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zLgBydSw47sd" title="Warrant liabilities, fair value measurement input, conversion features term"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zDtQKOgAXtza">1826 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zpwLNuWhqCGi" title="Warrant liabilities, fair value measurement input, conversion features term">1593 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zAmlqV6y66Y4"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zX3sGwwuNFih">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zrMrlPToLcVc" title="Warrant liabilities, fair value measurement input, conversion features">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zkBTLiB1zbfk"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zNqesqATyWfg">0.49</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zVMyDiQGKwU9" title="Warrant liabilities, fair value measurement input, conversion features">0.89</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zu8kWrMz3SFi"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z3fQLaI0pGbe" title="Warrant liabilities, fair value measurement input, percentage">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zFoyJX1QHg01" title="Warrant liabilities, fair value measurement input, conversion features">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--SharePrice_iI_pid_c20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zfyXrayI2SX3">0.27 and $<span id="xdx_90F_eus-gaap--SharePrice_iI_pid_c20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zeHBIGdOUFF2" title="Share price">0.29</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z2Gc7wOTM9H9" title="Share price">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--FairValueAdjustmentOfWarrants_c20210215__20210216__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" title="Warrant liabilities, fair value"><span id="xdx_903_eus-gaap--FairValueAdjustmentOfWarrants_c20210208__20210209__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" title="Warrant liabilities, fair value">3,813,103</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_eus-gaap--FairValueAdjustmentOfWarrants_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Warrant liabilities, fair value">1,440,591</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--DerivativeGainLossOnDerivativeNet_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">2,372,512</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> The warrant liabilities as a result of the August 2018, November 2018, June 2019, August 2019, and August 2020 private placements were revalued as at September 30, 2021 and December 31, 2020 using the Binomial model and the following assumptions: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">August 2018 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z5OXH1Wnphnf">221 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">Expired </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zXV5SZ5Pu8g9">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zBkfuicDnYr4">1.23</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--FebruaryTwoThousandTwentyOneIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zMmdfRyUt6af">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zn7qvIRwWgr4">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_dxL_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zIYOGwJMUxni" title="::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_dxL_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z75DeY8rUfv1" title="Warrant liabilities, fair value::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_dxL_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zr1nA3NdF3b9" title="Change in derivative liability::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">November 2018 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zDhGh3bkEPUl">332 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zkDHJcGjgDnj">59 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zX2dgJy0KBo9">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zpHmliTrKtLb">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zvJNpxUbuiuc">1.09</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zj1FAZZeCh5f">0.92</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z5V6hcPtFLad">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zDckXrwscHlg">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z3mwt2xIRvvl">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zpDWXv40i2Cf">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zHC7qTVS7rbh" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Warrant liabilities, fair value">52,540</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_dxL_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zSudAZgTfv93" title="Warrant liabilities, fair value::XDX::-">nil</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98F_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--NovemberTwoThousandEighteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zmc6xBatUyyk" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">52,540</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">June 2019 issuance (i)</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zNtyGkHI9cd3">1826 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zfeZUSofHTK6">1553 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zUVfWcY5Dox7">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zP5nhZgJEDn6">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zzOHB4J2pghi">0.85</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_ziBuHW4l9F16">0.84</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zMgdkPgXYvTa">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zSWzFOB17Nt2" title="(i)">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zelFaC7rA2id">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_z7U7MBEPuAm6">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"/></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zblznSZzw5xc" style="font-family: Times New Roman, Times, Serif; text-align: right">3,438,839</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_z2IvDa8G2E06" style="font-family: Times New Roman, Times, Serif; text-align: right">837,368</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"/></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGkp_zMCZP17xR2uh" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">2,601,471</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.1in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">In December 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zqMGKDFk1XF7" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zp56e3xTPCNc" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--DebtInstrumentAxis__custom--JuneTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pdd" title="Number of warrants issued">11,660,000 warrants.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif">August 2019 issuance (ii)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">September 30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zFY7rNk2lvJ" title="Warrant liabilities, fair value measurement input, conversion features term">213-<span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z99vEMLADlq2" title="Warrant liabilities, fair value measurement input, conversion features term">1826 days</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zcHZ6dLyZjHg">1553 days</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zR1hPuOSo2qf">100</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zNJbzP5mvh99">100</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zFMicbPsiT29">0.81</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z9vKV5TVLXAc">0.84</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zX8ocWhe9YG">0</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zSJZA07jdXTh">0</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">Share price</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zg7g96ggf2qh">0.41</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z7TOvuf15Xj7">0.14</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">Fair value</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_987_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zRJBu3A6m9da" style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,922,270</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____zwmKvBEw8KUa" style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,282,713</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_fKGlpKQ_____z4A8XrB4ZRjg" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">4,639,557</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F06_zF9JoykQNc1c" style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right">(ii)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.1in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">In December 2020, the Company amended the exercise price to C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uCADPShares_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zdsobjHl6f1a" title="Warrant exercise price">0.59 per common share and extended the expiry date to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zf12H1PEw926" title="Warrants maturity date">December 31, 2025 for <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pdd" title="Number of warrants issued">17,920,000 warrants. The terms of the remaining <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIEVzdGltYXRlZCBVc2luZyB0aGUgQmlub21pYWwgTW9kZWwgdG8gRGV0ZXJtaW5lIHRoZSBGYWlyIFZhbHVlIG9mIFdhcnJhbnQgTGlhYmlsaXRpZXMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--ClassOfWarrantOrRightOutstanding_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandNineteenIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_pdd" title="Number of warrants outstanding">2,752,900 warrants remain unchanged.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">August 2020 issuance</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Expected life</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zccopnvb0Ai4">973 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtD_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z9G9m7nLBxgl">700 days</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Volatility</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_ze3C7TJ5FeGi">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputOptionVolatilityMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_za6XDT3L3XN8">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zo2lrfmnaxi9">1.31</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zbQ8UuQNb3v8">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z2pwOPpHWzOl">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zXhU2gXYquq7">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Share price</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--SharePrice_iI_pid_c20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zBZ59YOVZm61">0.41</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--SharePrice_iI_pid_c20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zWlL5IRLghH8">0.14</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Fair value</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zIwi7xHbMDYg" style="font-family: Times New Roman, Times, Serif; text-align: right">14,493,215</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueAdjustmentOfWarrants_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_z1NYBbRtoXI3" style="font-family: Times New Roman, Times, Serif; text-align: right">2,085,987</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--DerivativeGainLossOnDerivativeNet_pp0p0_c20210101__20210930__us-gaap--DebtInstrumentAxis__custom--AugustTwoThousandTwentyIssuanceMember__us-gaap--StatementEquityComponentsAxis__custom--WarrantLiabilitiesMember_zviuiLbN3Ufe" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Change in derivative liability">12,407,228</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

P1826D

P1593D

100

0.49

0.89

0.27

0.29

0.14

3813103

1440591

2372512

P221D

100

1.23

0.41

P332D

P59D

100

1.09

0.92

0.41

0.14

52540

P1826D

P1553D

100

0.85

0.84

0.41

0.14

3438839

837368

2601471

0.59

2025-12-31

11660000

P213D

P1826D

P1553D

100

0.81

0.84

0.41

0.14

5922270

1282713

4639557

0.59

2025-12-31

17920000

2752900

P973D

P700D

100

1.31

0.41

0.14

14493215

2085987

12407228

Warrants Schedule of Warrant Activity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Number of</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Weighted average exercise price</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Weighted average grant date</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">warrants</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">(C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 55%">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zhUUgPgV9lrc" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Number of warrants, beginning balance">36,452,284</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zrCvt1wQVRQ7" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Weighted average exercise price, beginning balance">0.48</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zDZvwRTUDfzb" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Weighted average grant date, beginning balance">0.16</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Issued</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Issued">62,238,632</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zMxHn4G9rA27" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Issued">0.49</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_pid_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zAv1pa59Pn5c" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Issued">0.26</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Expired</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_iN_di_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z15VNeU7Zkfk" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Expired">(346,178</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zR3hJTjrMKmc" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, expired">14.84</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageGrantDate_pid_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zi37Om1maTyc" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Expired">5.97</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Exercised (i)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zmCShoDJkWT6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Excercised">(2,332,900</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zqiSVORXmqf1" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, exercised">0.25</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageGrantDate_pid_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_fKGkp_zBfTaPaovPHc" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Exercised">0.02</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, September 30, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z3uEqUq5zfJa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, ending balance">96,011,838</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z8TqQWYt5d4f" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, ending balance">0.47</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iE_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zaocdkrRuIY4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, ending balance">0.20</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Balance, December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zIKCMS3auP7f" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, beginning balance">95,777,806</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zZs5uqRnRQ2d" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, beginning balance">0.54</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_ecustom--ShareBasedCompensationArrangementBySharesBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iS_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zqzZKBE4LxYl" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, beginning balance">0.16</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Issued</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, Issued">19,994,080</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zIcnNoLEsmDh" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Issued">0.6</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageGrantDate_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, Issued">0.19</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Expired</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_iN_di_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zZ0EThOFk1T9" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(2,913,308</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">) </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zz754D7loSBl" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.48</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageGrantDate_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zEFXEt0qO8C4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.14</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1.5pt">Balance, September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zkDyrhq3p2Pb" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants, ending balance">112,858,578</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zkzH6AQBxCe9" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, ending balance">0.55</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDate_iE_pid_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zbLQPqGBnhg3" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average grant date, ending balance">0.19</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F05_zut160QhuuK2" style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.1in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">During the nine months ended September 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zrk9ojRPb3pc" title="Number of warrants, Exercised">2,332,900 warrants were exercised at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zJeGQIGLyxge" title="Weighted average exercise price, exercised">0.25 per warrant for gross proceeds of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--ProceedsFromIssuanceOfWarrants_pp0p0_uCAD_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zaFJAw74YwL8">583,225 ($<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ProceedsFromIssuanceOfWarrants_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pp0p0" title="Proceeds from issuance of warrants">417,006). In conjunction with the exercise of warrants, the Company recognized a change in derivative liability of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFdhcnJhbnQgQWN0aXZpdHkgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--DerivativeLiabilities_c20200930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_pp0p0" title="Derivative liabilities">871,710.</td></tr> </table>

36452284

0.48 0.16

62238632

0.49 0.26

346178

14.84 5.97

2332900

0.25 0.02

96011838

0.47 0.20

95777806

0.54 0.16

19994080

0.6 0.19

2913308

0.48 0.14

112858578

0.55 0.19

2332900

0.25

583225

417006

871710

Schedule of Warrants Outstanding Exercise Price <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif">Expiry date</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number of warrants</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number of warrants exercisable</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%">November 13, 2021</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_ziFu5cfGOBlb" style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right" title="Exercise price">0.80</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantOneMember_pdd" style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants exercisable">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">November 13, 2021</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_zvE39KtFhf06" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantTwoMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">400,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">November 28, 2021</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_zmnCqTCuTmkd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">1.00</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">645,866</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantThreeMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">645,866</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">February 26, 2022</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_zVa8SEVA43t8" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.70</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">239,284</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFourMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">239,284</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">August 31, 2023</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_zRBsaDNAho7h" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.50</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">58,284,148</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantFiveMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">58,284,148</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">December 31, 2025</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_zVUD89d92PTf" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.59</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">32,895,200</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSixMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">32,895,200</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif">February 9, 2026</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_zL9nABFiEt65" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.60</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">17,112,500</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantSevenMember_pdd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">17,112,500</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">February 16, 2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_980_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_zNNbR66IHrck" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.60</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">2,881,580</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--StatementEquityComponentsAxis__custom--WarrantEightMember_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">2,881,580</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210930_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants">112,858,578</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930_pdd" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">112,858,578</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

2021-11-13

0.80

400000

2021-11-13

0.50

400000

2021-11-28

1.00

645866

2022-02-26

0.70

239284

2023-08-31

0.50

58284148

2025-12-31

0.59

32895200

2026-02-09

0.60

17112500

2026-02-16

0.60

2881580

112858578

Broker options Schedule of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">broker options</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">exercise price (C$)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance, December 31, 2019</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zsv4Wcgn8Zf3" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Beginning balance">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zobVQb6ZUElf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average exercise price beginning balance">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; width: 60%; text-align: left">Issued - August 2020 Compensation Options (i)</td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKGkp_zdfIKI7W5nlk" style="border-bottom: Black 1.5pt solid; width: 16%; text-align: right" title="Issued - Compensation Options">3,239,907</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20201231__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_fKGkp_zkwHYtbykaMl" style="border-bottom: Black 1.5pt solid; width: 16%; text-align: right" title="Weighted Average exercise price Issued - Compensation Options">0.35</td><td style="padding-bottom: 1.5pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance, December 31, 2020</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zBdnjoy85lla" style="text-align: right" title="Number of stock options, Beginning balance">3,239,907</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_ztt6C7VJVb0i" style="text-align: right" title="Weighted Average exercise price beginning balance">0.35</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Issued - February 2021 Compensation Options</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Issued - August 2020 Compensation Options">351,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zXMnzqUCq9j8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average exercise price Issued - August 2020 Compensation Options">0.40</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance, September 30, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_z7UMRUWoj1E1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of stock options, Ending balance">3,590,907</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_uCADPShares_c20210101__20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_zidCuafHpNu6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average exercise price ending balance">0.35</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

3239907

0.35

3239907

0.35

351000

0.40

3590907

0.35

521993

68078

<p id="xdx_893_ecustom--ScheduleOfEstimatedUsingBlackscholesValuationModelForFairValueOfBrokerOptionsTableTextBlock_z6CJ3T0sTkQe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif"> Grant Date</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Volatility</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Stock price</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Weighted average life</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 35%">August 2020 </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zUpDyij00IDc" title="Risk free interest rate">0.31</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zr7KgtxUbFL3" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zzNwzfaj81k5" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">% </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><p id="xdx_983_eus-gaap--SharePrice_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zBUJIlS6xBma" style="font: 10pt Times New Roman, Times, Serif; margin: 0" title="Stock price">C$0.35 </td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--AwardDateAxis__custom--AugustTwoThousandTwentyMember_zanqbE6Yune2" title="Weighted average life">3 years </td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif">February 2021</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zcimPfy5lfA4">0.26</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zmT1kD3caBL5">0</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zeYIxpOWGYy">100</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharePrice_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zNUuzhWB6rN6" style="font: 10pt Times New Roman, Times, Serif; text-align: right">C$0.35</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 11pt Times New Roman, Times, Serif"> </td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--AwardDateAxis__custom--FebruaryTwoThousandTwentyOneMember_zzw8VWAYnk68">3 years</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> Schedule of Warrants Outstanding Broker Option Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">Expiry date</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of broker options</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Fair value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 46%"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_z2tfZ1mg2twf" style="font-family: Times New Roman, Times, Serif">August 31, 2023 (i)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zibGuSkCEEA2" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Exercise price">0.35</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--NumberOfBrokerOptions_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zXUauBURMJaf" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of broker options">3,239,907</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zqfghEv1tYC8" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants exercisable">521,993</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">February 16, 2024 (ii)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____z7LL7zbye3M7" style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.40</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--NumberOfBrokerOptions_iI_pid_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____zkwaDFWiILI4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of broker options">351,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____zZrKX1J0C5g5" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">68,078</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_ecustom--NumberOfBrokerOptions_c20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of broker options">3,590,907</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">590,071</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20px; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 7px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exercisable into one August 2020 Unit</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20px; text-align: right">(ii)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 7px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exercisable into one February 2021 Unit</td></tr> </table>

0.0031

0.35

P3Y

0.0026

0.35

P3Y

Schedule of Warrants Outstanding Broker Option Exercise Prices <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold">Expiry date</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of broker options</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Fair value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 46%"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_z2tfZ1mg2twf" style="font-family: Times New Roman, Times, Serif">August 31, 2023 (i)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zibGuSkCEEA2" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Exercise price">0.35</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--NumberOfBrokerOptions_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zXUauBURMJaf" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of broker options">3,239,907</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--AugustThirtyOneTwoThousandTwentyThreeMember_fKGkp_zqfghEv1tYC8" style="font-family: Times New Roman, Times, Serif; width: 14%; text-align: right" title="Number of warrants exercisable">521,993</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">February 16, 2024 (ii)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_uCADPShares_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____z7LL7zbye3M7" style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.40</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--NumberOfBrokerOptions_iI_pid_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____zkwaDFWiILI4" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of broker options">351,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20210930__us-gaap--AwardDateAxis__custom--FebruarySixteenTwoThousandTwentyFourMember_fKGlpKQ_____zZrKX1J0C5g5" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">68,078</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_ecustom--NumberOfBrokerOptions_c20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of broker options">3,590,907</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_c20210930__us-gaap--AwardTypeAxis__custom--BrokerOptionsMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of warrants exercisable">590,071</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20px; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 7px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exercisable into one August 2020 Unit</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20px; text-align: right">(ii)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 7px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exercisable into one February 2021 Unit</td></tr> </table>

2023-08-31

0.35

3239907

521993

2024-02-16

0.40

351000

68078

3590907

590071

The following table summarizes the stock option activity during the periods ended September 30, 2021 and 2020: Schedule of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of stock options</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted Average exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%; padding-bottom: 1.5pt">Balance, December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20200101__20200930_z2SmdL17bsF1" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of stock options, Beginning balance">1,692,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20200101__20200930_zvFV1q6N2ds2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Weighted Average exercise price beginning balance">1.27</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Granted (i)(ii)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20200101__20200930_fKGkpKGlpKQ_____z7ICzxf3X5Ji" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Granted">6,157,659</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20200930_fKGkpKGlpKQ_____z9BieKvNrtXc" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Granted">0.55</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Forfeited</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di_c20200101__20200930_zxBEST51cxfe" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Forfeited">(70,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_uCADPShares_c20200101__20200930_zY3MVeNEmSIa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted average exercise price, Forfeited">10.38</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, September 30, 2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20200101__20200930_zqbKwTphuLGg" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Ending balance">7,780,159</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_uCADPShares_c20200101__20200930_zBvm2hb413mf" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Weighted Average exercise price ending balance">0.62</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Balance, December 31, 2020</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20210101__20210930_zL9behW0aYea" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Beginning balance">8,015,159</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_uCADPShares_c20210101__20210930_zKGsP6Dzp2m4" style="font-family: Times New Roman, Times, Serif; text-align: right">0.62</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Granted (iv)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20210101__20210930_fKGl2KQ_____zov5Ft0GCp8b" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Granted">1,037,977</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20210101__20210930_fKGl2KQ_____ziYHjlV4jlcb" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.34</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Balance, September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20210101__20210930_z3Y76cvUj6c3" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options, Ending balance">9,053,136</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_uCADPShares_c20210101__20210930_zG3BhD5HuHG" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.58</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(i)</td> <td style="text-align: justify">On October 24, 2019, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_zVjVNaiUxmv7" title="Number of vested stock option shares">1,575,000 stock options were issued to directors and officers of the Company. These options have a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_z8YjcdqeFizi" title="Stock option expiration term">5-year life and are exercisable at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_zW1vDRNUZGFe" title="Weighted average exercise price, Granted">0.60 per share. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_c20191023__20191024__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_z5XTJP2oV0il" title="Fair value of stock option vested">435,069. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">10,430 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">48,189, for the three and nine months ended September 30, 2021 respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_c20200701__20200930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">45,173 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--TitleOfIndividualAxis__custom--DirectorsAndOfficersMember_pp0p0" title="Stock based compensation expense">186,614, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(ii)</td> <td style="text-align: justify">On April 20, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zBf1rk9Cj2ab" title="Number of vested stock option shares">5,957,659 stock options were issued to certain directors of the Company. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zeEU2qWMPKik" title="Weighted average exercise price, Granted">0.55. The stock options vest in one-fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zDy6SKlhCO84">5 years. The grant date fair value of the stock options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pp0p0_c20200419__20200420__srt--TitleOfIndividualAxis__custom--DirectorsMember_zUpfhTg8KWO6" title="Fair value of stock option vested">1,536,764. The vesting of these options results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Stock based compensation expense">104,890 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Stock based compensation expense">427,034, for the three and nine months ended September 30, 2021 respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__custom--DirectorsMember_zs1vomnpxpY3" title="Stock based compensation expense">201,728 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--TitleOfIndividualAxis__custom--DirectorsMember_pp0p0" title="Stock based compensation expense">357,409, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iii)</td> <td style="text-align: justify">On September 30, 2020, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_z118s3h9f64b" title="Number of vested stock option shares">200,000 stock options were issued to a consultant. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uCADPShares_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zgqj5Mf4tQP" title="Weighted average exercise price, Granted">0.60. The stock options vest <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_c20200701__20201231__srt--TitleOfIndividualAxis__custom--ConsultantMember_zY61F481KvAg" title="Vesting percentage">50% at 6 months and <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pid_c20191001__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zKOZyJVnRnEi" title="Vesting percentage">50% at 12 months from the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_z24A6wvZg08i" title="Stock option expiration term">3 years. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20200926__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Fair value of stock option vested">52,909. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Stock based compensation expense">6,596 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantMember_pp0p0" title="Stock based compensation expense">32,652, for the three and nine months ended September 30, 2021, respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zBMrAoKLMurd">218 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantMember_zpcpEVhGb5ti">218, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iv)</td> <td style="text-align: justify">On February 19, 2021, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember_pdd" title="Number of vested stock option shares">1,037,977 stock options were issued to an officer of the Company, of which <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--StatementScenarioAxis__custom--VestImmediatelyMember__srt--TitleOfIndividualAxis__srt--OfficerMember_pdd" title="Number of vested stock option shares">273,271 stock options vest immediately and the balance of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardDateAxis__custom--DecemberThirtyOneTwoThousandTwentyOneMember_pdd" title="Number of vested stock option shares">764,706 stock options shall vest on December 31, 2021. These options have a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember_zZxson9Mk9B" title="Stock option expiration term">5-year life and are exercisable at C$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_uCADPShares_c20210218__20210219__srt--TitleOfIndividualAxis__srt--OfficerMember_zS8b7V8xKNO1" title="Weighted average exercise price, Granted">0.335 per common share. The grant date fair value of the options was estimated at $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20190218__20190219__srt--StatementScenarioAxis__custom--VestImmediatelyMember__srt--TitleOfIndividualAxis__srt--OfficerMember_pp0p0" title="Fair value of stock option vested">204,213. The vesting of these options resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember_pp0p0" title="Stock based compensation expense">43,941 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember_pp0p0" title="Stock based compensation expense">160,750, for the three and nine months ended September 30, 2021, respectively (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember_z77C5FttJeQ6" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFN0b2NrIE9wdGlvbnMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember_zr68jQlQ9VS3" title="::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table>

1692500

1.27

6157659

0.55

70000

10.38

7780159

0.62

8015159

0.62

1037977

0.34

9053136

0.58

1575000

P5Y

0.60

435069

10430

48189

45173

186614

5957659

0.55

P5Y

1536764

104890

427034

201728

357409

200000

0.60

0.50

P3Y

52909

6596

32652

218

1037977

273271

764706

P5Y

0.335

204213

43941

160750

The fair value of these stock options was determined on the date of grant using the Black-Scholes valuation model, and using the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Stock Options <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Risk free interest rate</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Dividend yield</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Volatility</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Stock price</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted average life</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: center">(i)</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_ztgULemcYGeg" title="Risk free interest rate">1.54</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_ziJ6jvajwNyk" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zesF1oQRDbQ5" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right">C$<span id="xdx_90E_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_zGZrv5W07RX" title="Stock price">0.50</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 13%; text-align: right"><span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeOneMember_z3mMWxfNUg1a" title="Weighted average life">5 years</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: center">(ii)</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zboYFCPXmJVl" title="Risk free interest rate">0.44</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_z6iqv6szACEf" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zva1EoxlPkUj" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">C$<span id="xdx_905_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember_zXD1k9J91Yng" title="Stock price">0.50</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeTwoMember" title="Weighted average life">5 years</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: center">(iii)</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zc5KltRQt6cj" title="Risk free interest rate">0.25</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zdmP7uowgXxi" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_z7UytfZ573kd" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">C$<span id="xdx_909_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember_zzeLv4tDzBz6" title="Stock price">0.58</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeThreeMember" title="Weighted average life">3 years</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: center">(iv)</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zXTicrUCPKni" title="Risk free interest rate">0.64</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zdBv9HeCXlK9" title="Dividend yield">0</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pid_dp_uPure_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_z1cCWrBh5VVk" title="Volatility">100</td><td style="font-family: Times New Roman, Times, Serif; text-align: left">%</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">C$<span id="xdx_90E_eus-gaap--SharePrice_iI_pid_uCADPShares_c20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember_zl6gFdQf6KM9" title="Stock price">0.34</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c20210101__20210930__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--RangeFourMember" title="Weighted average life">5 years</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

0.0154

0.50

P5Y

0.0044

0.50

P5Y

0.0025

0.58

P3Y

0.0064

0.34

P5Y

The following table reflects the actual stock options issued and outstanding as of September 30, 2021: Schedule of Stock Option Issued and Outstanding <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Exercise price (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted average remaining contractual life (years)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Number of options outstanding</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of options vested (exercisable)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Grant date fair value ($)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_zly0wDPCYLX1" style="font-family: Times New Roman, Times, Serif; width: 17%; text-align: right" title="Exercise price">10.00</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 17%; text-align: right"><span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_z5IpIhykyhjg" title="Weighted average remaining contractual life (years)">0.59</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pdd" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of stock options outstanding">47,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_zIOjvxbxDMMk" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of options vested (exercisable)">47,500</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 3%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsOneMember_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 15%; text-align: right" title="Grant date fair value">258,013</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_zkmTMdlgBCue" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.50</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_zIH5vDm0rLG9" title="Weighted average remaining contractual life (years)">1.25</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">235,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">235,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsTwoMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">46,277</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_zw2b7IP9mYPk" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.60</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_zsruE4u5Fh0k" title="Weighted average remaining contractual life (years)">2.00</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">200,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">200,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsThreeMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">52,909</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_zG5MOYpOYcX" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.60</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_zi8aEVB2y92i" title="Weighted average remaining contractual life (years)">3.07</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">1,575,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">1,275,000</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFourMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">435,069</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_zRZCgkbMHfck" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Exercise price">0.55</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_zU32YsTo7vv3" title="Weighted average remaining contractual life (years)">3.56</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">5,957,659</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pdd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">1,489,415</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsFiveMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">1,536,764</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_pid_uCADPShares_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_zQYoW4d50gX4" style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right" title="Exercise price">0.335</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"><span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20210101__20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_zABvkyXAIDg9" title="Weighted average remaining contractual life (years)">4.39</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">1,037,977</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_pdd" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">273,271</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_c20210930__us-gaap--SubsidiarySaleOfStockAxis__custom--StockOptionsSixMember_pp0p0" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">204,213</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iI_c20210930_zwjFf8Bmd3Qc" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of stock options outstanding">9,053,136</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20210930_zEotS9v27cQa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of options vested (exercisable)">3,520,186</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_pp0p0_c20210930_zA29p97jGgo8" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Grant date fair value">2,533,245</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

10.00

P0Y7M2D

47500

258013

0.50

P1Y3M

235000

46277

0.60

P2Y

200000

52909

0.60

P3Y25D

1575000

1275000

435069

0.55

P3Y6M21D

5957659

1489415

1536764

0.335

P4Y4M20D

1037977

273271

204213

9053136

3520186

2533245

10. Restricted share units Effective March 25, 2020, the Board of Directors approved a Restricted Share Unit (“RSU”) Plan to grant RSUs to its officers, directors, key employees and consultants. The following table summarizes the RSU activity during the periods ended September 30, 2021 and 2020: Schedule of Restricted Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center">Number of </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Weighted average grant date fair value per share</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">shares </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">(C$)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Unvested as at December 31, 2019</td> <td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20200101__20200930_zLEwpeHq6gq1" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of shares, Unvested, Beginning balance">-</td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20200101__20200930_zWWBeWzipS8a" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left">Granted (i)(ii)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20200101__20200930_fKGkpKGlpKQ_____z3kv1JwAa0T8" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Granted">600,000</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20200101__20200930_fKGkpKGlpKQ_____zFIFTCJDYwr1" title="Weighted average grant date fair value per share, Granted">0.40</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="display: none; font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Vested</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pid_di_c20210101__20210930_zRizx2dbch51" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Vested">(1,474,294</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zZ1SGPmGMWF6" title="Weighted average grant date fair value per share, Vested">0.31</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="display: none; font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Forfeited</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20210101__20210930_zs4hckU4NuJe" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Forfeited">(245,130</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zVrUkqtlhYZh" title="Weighted average grant date fair value per share, Forfeited">0.41</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Unvested as at September 30, 2020</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20200101__20200930_zcaLKMyNCXja" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Unvested, Ending balance">600,000</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200101__20200930_zsW8l51duWEc" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.40</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Unvested as at December 31, 2020</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20210101__20210930_zfUMDGjtflb4" style="font-family: Times New Roman, Times, Serif; text-align: right">988,990</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20210101__20210930_ztfXfQdgST0g" title="Weighted average grant date fair value per share, Unvested, Beginning balance">0.39</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Granted (v)(vi)(vii)</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20210101__20210930_fKHYpKHZpKSh2aWkp_z32XJDtU9qk1" style="font-family: Times New Roman, Times, Serif; text-align: right">1,348,434</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_fKHYpKHZpKSh2aWkp_zLA7B30Q4emj" title="Weighted average grant date fair value per share, Granted">0.30</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Vested</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pid_di_c20210101__20210930_zuQSGLDHytKd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Vested">(1,474,294</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zMTpSstDRtfh" title="Weighted average grant date fair value per share, Vested">0.31</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Forfeited</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20210101__20210930_zkiktLRsVV29" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Forfeited">(245,130</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zMfqse3s2zQj" title="Weighted average grant date fair value per share, Forfeited">0.41</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Unvested as at September 30, 2021</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20210101__20210930_zBqv10RuRVf6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Unvested, Ending balance">618,000</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20210101__20210930_zCfGrijuypl9" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.45</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F0C_zCgTiWMDYZBe" style="text-align: justify; width: 0.25in">(i)</td> <td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200419__20200420__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">400,000 RSUs to a certain officer of the Company. The RSUs vest in one-fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">14,334 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">57,494, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zJkCLScqzX64" title="Share-based Payment Arrangement, Expense">27,568 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200101__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zLZAEAYtlWpi" title="Share-based Payment Arrangement, Expense">50,641, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(ii)</td> <td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200419__20200420__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">200,000 RSUs to a certain director of the Company. The RSUs vest in one-fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">5,785 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">14,933, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z6ATKcLJSKR6" title="Share-based Payment Arrangement, Expense">9,352 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">16,569, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iii)</td> <td style="text-align: justify">On November 16, 2020, the Company granted <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201114__20201116__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" style="font: 10pt Times New Roman, Times, Serif">168,000 RSUs to certain directors of the Company. The RSUs vest in one-fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">8,174 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z7gTsXCXLzJ" style="font: 10pt Times New Roman, Times, Serif">24,255, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zfyB9qrUpMQ2" style="font: 10pt Times New Roman, Times, Serif">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iv)</td> <td style="text-align: justify">On December 6, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201205__20201206__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">220,990 RSUs to a consultant of the Company. The RSUs vest in one-sixth increments per month. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_ztv9ZS1agyxi" title="Share-based Payment Arrangement, Expense::XDX::-">nil and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">58,740, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zoNZsSJ1ZEEi" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z0vcXjeSsTjj" title="::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(v)</td> <td style="text-align: justify">On January 1, 2021, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201229__20210102__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">735,383 RSUs to a consultant of the Company. Of the 735,383 RSUs, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201229__20210102__srt--StatementScenarioAxis__custom--VestImmediatelyMember__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">245,128 RSUs vested immediately, and the remaining <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201229__20210102__srt--StatementScenarioAxis__custom--VestInHalfIncrementsPerMonthMember__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">490,255 RSUs vested in 1/12 increments per month. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">26,263 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z7kuhORdFGn2" title="Share-based Payment Arrangement, Expense">291,364, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z9PnUMdLhg2l" title="Share-based Payment Arrangement, Expense::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zWsNTWoJtqca" title="Share-based Payment Arrangement, Expense::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(vi)</td> <td style="text-align: justify">On July 1, 2021, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20210629__20210702__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zZp8jpBK2xIa" title="Share based payment award, grants in period">17,823 RSUs to a consultant of the Company, vesting immediately. The vesting of these RSUs resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z47GniqULcSa" title="Share-based Payment Arrangement, Expense"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zuZoXOarqqv5" title="Share-based Payment Arrangement, Expense">4,026 for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zHVcEJOw0xrg" title="Share-based Payment Arrangement, Expense::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zPNih24YRIG8" title="Share-based Payment Arrangement, Expense::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(vii)</td> <td style="text-align: justify">On August 5, 2021, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20210803__20210805__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zY2y7ZDtQvU2" title="Share based payment award, grants in period">595,228 RSUs to consultants of the Company, vesting immediately. The vesting of these RSUs resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zTxuVvrVUoGb" title="Share-based Payment Arrangement, Expense"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zbrXoLvGUuC5" title="Share-based Payment Arrangement, Expense">100,022 for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zWYqALE2b5c" title="Share-based Payment Arrangement, Expense::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zgCFCn9N3cH6" title="Share-based Payment Arrangement, Expense::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive.</td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

The following table summarizes the RSU activity during the periods ended September 30, 2021 and 2020: Schedule of Restricted Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center">Number of </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">Weighted average grant date fair value per share</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">shares </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center; font-weight: bold">(C$)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 60%">Unvested as at December 31, 2019</td> <td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20200101__20200930_zLEwpeHq6gq1" style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of shares, Unvested, Beginning balance">-</td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20200101__20200930_zWWBeWzipS8a" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left">Granted (i)(ii)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20200101__20200930_fKGkpKGlpKQ_____z3kv1JwAa0T8" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Granted">600,000</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20200101__20200930_fKGkpKGlpKQ_____zFIFTCJDYwr1" title="Weighted average grant date fair value per share, Granted">0.40</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="display: none; font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Vested</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pid_di_c20210101__20210930_zRizx2dbch51" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Vested">(1,474,294</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zZ1SGPmGMWF6" title="Weighted average grant date fair value per share, Vested">0.31</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="display: none; font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Forfeited</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20210101__20210930_zs4hckU4NuJe" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Forfeited">(245,130</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zVrUkqtlhYZh" title="Weighted average grant date fair value per share, Forfeited">0.41</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Unvested as at September 30, 2020</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20200101__20200930_zcaLKMyNCXja" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Unvested, Ending balance">600,000</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200101__20200930_zsW8l51duWEc" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.40</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Unvested as at December 31, 2020</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pid_c20210101__20210930_zfUMDGjtflb4" style="font-family: Times New Roman, Times, Serif; text-align: right">988,990</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">$</td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20210101__20210930_ztfXfQdgST0g" title="Weighted average grant date fair value per share, Unvested, Beginning balance">0.39</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Granted (v)(vi)(vii)</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_c20210101__20210930_fKHYpKHZpKSh2aWkp_z32XJDtU9qk1" style="font-family: Times New Roman, Times, Serif; text-align: right">1,348,434</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_fKHYpKHZpKSh2aWkp_zLA7B30Q4emj" title="Weighted average grant date fair value per share, Granted">0.30</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Vested</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pid_di_c20210101__20210930_zuQSGLDHytKd" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Vested">(1,474,294</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zMTpSstDRtfh" title="Weighted average grant date fair value per share, Vested">0.31</td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Forfeited</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pid_di_c20210101__20210930_zkiktLRsVV29" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Forfeited">(245,130</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left">)</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_uCADPShares_c20210101__20210930_zMfqse3s2zQj" title="Weighted average grant date fair value per share, Forfeited">0.41</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Unvested as at September 30, 2021</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pid_c20210101__20210930_zBqv10RuRVf6" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Unvested, Ending balance">618,000</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20210101__20210930_zCfGrijuypl9" title="Weighted average grant date fair value per share, Unvested, Ending balance">0.45</td> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F0C_zCgTiWMDYZBe" style="text-align: justify; width: 0.25in">(i)</td> <td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200419__20200420__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">400,000 RSUs to a certain officer of the Company. The RSUs vest in one-fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">14,334 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">57,494, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zJkCLScqzX64" title="Share-based Payment Arrangement, Expense">27,568 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200101__20200930__srt--TitleOfIndividualAxis__srt--OfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zLZAEAYtlWpi" title="Share-based Payment Arrangement, Expense">50,641, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(ii)</td> <td style="text-align: justify">On April 20, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200419__20200420__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">200,000 RSUs to a certain director of the Company. The RSUs vest in one-fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_905_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">5,785 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">14,933, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20200701__20200930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z6ATKcLJSKR6" title="Share-based Payment Arrangement, Expense">9,352 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">16,569, respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iii)</td> <td style="text-align: justify">On November 16, 2020, the Company granted <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201114__20201116__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" style="font: 10pt Times New Roman, Times, Serif">168,000 RSUs to certain directors of the Company. The RSUs vest in one-fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">8,174 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20210930__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z7gTsXCXLzJ" style="font: 10pt Times New Roman, Times, Serif">24,255, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--DirectorsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zfyB9qrUpMQ2" style="font: 10pt Times New Roman, Times, Serif">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(iv)</td> <td style="text-align: justify">On December 6, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201205__20201206__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">220,990 RSUs to a consultant of the Company. The RSUs vest in one-sixth increments per month. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_ztv9ZS1agyxi" title="Share-based Payment Arrangement, Expense::XDX::-">nil and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">58,740, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zoNZsSJ1ZEEi" title="::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z0vcXjeSsTjj" title="::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(v)</td> <td style="text-align: justify">On January 1, 2021, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201229__20210102__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">735,383 RSUs to a consultant of the Company. Of the 735,383 RSUs, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201229__20210102__srt--StatementScenarioAxis__custom--VestImmediatelyMember__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">245,128 RSUs vested immediately, and the remaining <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20201229__20210102__srt--StatementScenarioAxis__custom--VestInHalfIncrementsPerMonthMember__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pdd" title="Share based payment award, grants in period">490,255 RSUs vested in 1/12 increments per month. The vesting of these RSUs results in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_pp0p0" title="Share-based Payment Arrangement, Expense">26,263 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z7kuhORdFGn2" title="Share-based Payment Arrangement, Expense">291,364, respectively for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z9PnUMdLhg2l" title="Share-based Payment Arrangement, Expense::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantOneMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zWsNTWoJtqca" title="Share-based Payment Arrangement, Expense::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(vi)</td> <td style="text-align: justify">On July 1, 2021, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20210629__20210702__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zZp8jpBK2xIa" title="Share based payment award, grants in period">17,823 RSUs to a consultant of the Company, vesting immediately. The vesting of these RSUs resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_902_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z47GniqULcSa" title="Share-based Payment Arrangement, Expense"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zuZoXOarqqv5" title="Share-based Payment Arrangement, Expense">4,026 for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_906_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zHVcEJOw0xrg" title="Share-based Payment Arrangement, Expense::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantTwoMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zPNih24YRIG8" title="Share-based Payment Arrangement, Expense::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in">(vii)</td> <td style="text-align: justify">On August 5, 2021, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20210803__20210805__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zY2y7ZDtQvU2" title="Share based payment award, grants in period">595,228 RSUs to consultants of the Company, vesting immediately. The vesting of these RSUs resulted in stock-based compensation of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90B_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zTxuVvrVUoGb" title="Share-based Payment Arrangement, Expense"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_909_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_c20210701__20210930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zbrXoLvGUuC5" title="Share-based Payment Arrangement, Expense">100,022 for the three and nine months ended September 30, 2021 (three and nine months ended September 30, 2020 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200701__20200930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zWYqALE2b5c" title="Share-based Payment Arrangement, Expense::XDX::-"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFJlc3RyaWN0ZWQgU2hhcmUgVW5pdHMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_eus-gaap--AllocatedShareBasedCompensationExpense_pp0p0_dxL_c20200101__20200930__srt--TitleOfIndividualAxis__custom--ConsultantThreeMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zgCFCn9N3cH6" title="Share-based Payment Arrangement, Expense::XDX::-">nil), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive.</td></tr> </table>

600000

0.40

1474294

0.31

245130

0.41

600000

0.40

988990

0.39

1348434

0.30

1474294

0.31

245130

0.41

618000

0.45

400000

14334

57494

27568

50641

200000

5785

14933

9352

16569

168000

8174

24255

220990

58740

735383

245128

490255

26263

291364

17823

4026

595228

100022

11. Deferred share units Effective April 21, 2020, the Board of Directors approved a Deferred Share Unit (“DSU”) Plan to grant DSUs to its directors. The DSU Plan permits the eligible directors to defer receipt of all or a portion of their retainer or compensation until termination of their services and to receive such fees in the form of cash at that time. Upon vesting of the DSUs or termination of service as a director, the director will be able to redeem DSUs based upon the then market price of the Company’s common share on the date of redemption in exchange for cash. The following table summarizes the DSU activity during the periods ended September 30, 2021: Schedule of Deferred Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of shares</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted Average grant date fair value per share (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Unvested as at December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_c20200101__20200930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zE0Z4f40TB27" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Unvested, Beginning balance">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zF6WmueDpuH5" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%; text-align: left; padding-bottom: 1.5pt">Granted (i)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200101__20200930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_fKGkp_zheGDmvSlVJa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of shares, Granted">7,500,000</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_fKGkp_zMzGdHgZU4i" title="Weighted average grant date fair value per share, Granted">1.03</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Unvested as at September 30, 2020, December 31, 2020 and September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20200101__20200930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_znSTXgskpo5" title="Number of shares, Unvested, Ending balance"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20200101__20201231__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_ziV33aiT9jX6" title="Number of shares, Unvested, Ending balance"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20210101__20210930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_z7uR2AbSK3z4" title="Number of shares, Unvested, Ending balance">7,500,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zXLJvFTGdFSg" title="Weighted average grant date fair value per share, Unvested, Ending balance"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200101__20201231__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zGvgMd4F9Jji" title="Weighted average grant date fair value per share, Unvested, Ending balance"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zdJFfyJmcgLc" title="Weighted average grant date fair value per share, Unvested, Ending balance">1.03</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.15in; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On April 21, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_905_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsDeferredShareUnitsGrantsInPeriod_pid_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_z0PfY0Q5Wwe7" style="font: 10pt Times New Roman, Times, Serif">7,500,000 DSUs. The DSUs vest in one-fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_908_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardDeferredShareUnitsExpiration_dtY_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zjtx0g2DRDZg" style="font: 10pt Times New Roman, Times, Serif">5 years. During the three and nine months ended September 30, 2021, the Company recognized $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">291,243 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">430,964, respectively, recovery of stock-based compensation related to the DSUs (three and nine months ended September 30, 2020 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20200701__20200930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">204,127 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">753,791, respectively expensed), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table> <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> The following table summarizes the DSU activity during the periods ended September 30, 2021: Schedule of Deferred Share Units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Number of shares</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: center">Weighted Average grant date fair value per share (C$)</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Unvested as at December 31, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_c20200101__20200930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_zE0Z4f40TB27" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Number of shares, Unvested, Beginning balance">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zF6WmueDpuH5" title="Weighted average grant date fair value per share, Unvested, Beginning balance">-</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; width: 60%; text-align: left; padding-bottom: 1.5pt">Granted (i)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20200101__20200930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_fKGkp_zheGDmvSlVJa" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right" title="Number of shares, Granted">7,500,000</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; width: 16%; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_fKGkp_zMzGdHgZU4i" title="Weighted average grant date fair value per share, Granted">1.03</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Unvested as at September 30, 2020, December 31, 2020 and September 30, 2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20200101__20200930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_znSTXgskpo5" title="Number of shares, Unvested, Ending balance"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20200101__20201231__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_ziV33aiT9jX6" title="Number of shares, Unvested, Ending balance"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20210101__20210930__us-gaap--AwardTypeAxis__us-gaap--PhantomShareUnitsPSUsMember_z7uR2AbSK3z4" title="Number of shares, Unvested, Ending balance">7,500,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200101__20200930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zXLJvFTGdFSg" title="Weighted average grant date fair value per share, Unvested, Ending balance"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20200101__20201231__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zGvgMd4F9Jji" title="Weighted average grant date fair value per share, Unvested, Ending balance"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_uCADPShares_c20210101__20210930__us-gaap--StatementEquityComponentsAxis__custom--PhantomShareUnitsPSUMember_zdJFfyJmcgLc" title="Weighted average grant date fair value per share, Unvested, Ending balance">1.03</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.15in; text-align: right">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On April 21, 2020, the Company granted <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_905_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsDeferredShareUnitsGrantsInPeriod_pid_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_z0PfY0Q5Wwe7" style="font: 10pt Times New Roman, Times, Serif">7,500,000 DSUs. The DSUs vest in one-fourth increments upon each anniversary of the grant date and expire in <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_908_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardDeferredShareUnitsExpiration_dtY_c20200419__20200421__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_zjtx0g2DRDZg" style="font: 10pt Times New Roman, Times, Serif">5 years. During the three and nine months ended September 30, 2021, the Company recognized $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90A_eus-gaap--AllocatedShareBasedCompensationExpense_c20210701__20210930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">291,243 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_c20210101__20210930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">430,964, respectively, recovery of stock-based compensation related to the DSUs (three and nine months ended September 30, 2020 $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90C_eus-gaap--AllocatedShareBasedCompensationExpense_c20200701__20200930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">204,127 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIERlZmVycmVkIFNoYXJlIFVuaXRzIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_901_eus-gaap--AllocatedShareBasedCompensationExpense_c20200101__20200930__srt--StatementScenarioAxis__custom--DeferredShareUnitMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif">753,791, respectively expensed), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss).</td></tr> </table>

7500000

1.03

7500000

1.03

7500000 P5Y

291243

430964

204127

753791

12. Income per share Potentially dilutive securities include convertible loan payable, warrants, broker options, stock options, RSUs and DSUs. Diluted income per share reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method. Schedule of Income per Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_494_20210701__20210930_zLGxFevgB5rh" style="font-family: Times New Roman, Times, Serif; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_49E_20200701__20200930_zeU21xMt28wi" style="font-family: Times New Roman, Times, Serif; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_49E_20210101__20210930_zFG804gDubjf" style="font-family: Times New Roman, Times, Serif; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" id="xdx_498_20200101__20200930_zKGfl2W66XDd" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr id="xdx_403_eus-gaap--NetIncomeLoss_zhbIcQ3AqiFh" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 40%; text-align: left">Net income (loss) and comprehensive income (loss) for the period</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right">3,960,630</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right">(267,859</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; font-weight: bold; text-align: right">9,843,495</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right">(13,848,837</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Basic income (loss) per share</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> Weighted average number of common shares - basic</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">164,179,999</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">106,276,928</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">160,690,371</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">86,173,243</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--EarningsPerShareBasic_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Net income (loss) per share – basic</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.02</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.00</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.06</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(0.16</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Diluted income (loss) per share</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_i_pp0p0" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Weighted average number of common shares - basic</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">164,179,999</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">106,276,928</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">160,690,371</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">86,173,243</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Diluted effect:</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--WarrantsBrokerOptionsandstockOptions_pid_zVZeLivo4Ih4" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Warrants, RSUs, broker options, and stock options</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">150,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">150,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Weighted average number of common shares - fully diluted</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">164,329,999</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">106,276,928</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">160,840,371</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">86,173,243</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EarningsPerShareDiluted_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Net income (loss) per share - fully diluted</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.02</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.00</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.06</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(0.16</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> </table>

Potentially dilutive securities include convertible loan payable, warrants, broker options, stock options, RSUs and DSUs. Diluted income per share reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method. Schedule of Income per Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_494_20210701__20210930_zLGxFevgB5rh" style="font-family: Times New Roman, Times, Serif; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_49E_20200701__20200930_zeU21xMt28wi" style="font-family: Times New Roman, Times, Serif; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_49E_20210101__20210930_zFG804gDubjf" style="font-family: Times New Roman, Times, Serif; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" id="xdx_498_20200101__20200930_zKGfl2W66XDd" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr id="xdx_403_eus-gaap--NetIncomeLoss_zhbIcQ3AqiFh" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 40%; text-align: left">Net income (loss) and comprehensive income (loss) for the period</td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right">3,960,630</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right">(267,859</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">)</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; font-weight: bold; text-align: right">9,843,495</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right">(13,848,837</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Basic income (loss) per share</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> Weighted average number of common shares - basic</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">164,179,999</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">106,276,928</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">160,690,371</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">86,173,243</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--EarningsPerShareBasic_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Net income (loss) per share – basic</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.02</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.00</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.06</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(0.16</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif">Diluted income (loss) per share</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"/><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_i_pp0p0" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif">Weighted average number of common shares - basic</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">164,179,999</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">106,276,928</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">160,690,371</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right">86,173,243</td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left">Diluted effect:</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td><td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--WarrantsBrokerOptionsandstockOptions_pid_zVZeLivo4Ih4" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Warrants, RSUs, broker options, and stock options</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">150,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">150,000</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">-</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt">Weighted average number of common shares - fully diluted</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">164,329,999</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">106,276,928</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">160,840,371</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">86,173,243</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EarningsPerShareDiluted_i_pdd" style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Net income (loss) per share - fully diluted</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.02</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">0.00</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right">0.06</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right">(0.16</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> </table>

3960630

-267859

9843495

-13848837

164179999

106276928

160690371

86173243

0.02

0.00

0.06

-0.16

164179999

106276928

160690371

86173243

150000 150000

164329999

106276928

160840371

86173243

0.02

0.00

0.06

-0.16

13. Commitments and contingencies As stipulated by the agreements with Placer Mining as described in note 5, the Company is required to make monthly payment of $60,000 for care and maintenance. As stipulated in the agreement with the EPA and as described in note 5, the Company is required to make two payments to the EPA, one for cost-recovery, and the other for water treatment. As at September 30, 2021, $13,178,322 payable to the EPA has been included in accounts payable and accrued liabilities. The Company is now engaged with the EPA to discuss an amendment to or deferral of these payments. The Company has entered into a lease agreement which expires in May 2022. Monthly rental expenses are approximately C$26,000 and are offset by rental income obtained through a series of short-term subleases held by the Company. See note 8. On 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. On August 13, 2021, the Company filed a motion to dismiss the claim for lack of jurisdiction and standing. On September 3, 2021, the plaintiff responded to the motion 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 ruled on the motions to dismiss but the Company believes the motion to dismiss will be granted and the lawsuit dismissed. On July 28, 2021, a lawsuit was filed in the US District Court for the District of Idaho brought by Crescent Mining, LLC (“Crescent”). The named defendants include Placer Mining, Robert Hopper Jr., and the Company. The lawsuit alleges that Placer Mining and Robert Hopper Jr. 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. The Company believes the claims in both lawsuits, as they relate to Bunker Hill, are without merit and intends to defend them vigorously. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

60000

13178322

expires in May 2022

26000

14. Related party transactions Compensation of key management personnel The Company’s key management personnel have the authority and responsibility for planning, directing and controlling the activities of the Company and consists of the Company’s executive management team and management directors. Schedule of Related Party Transactions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 40%; text-align: left">Consulting fees</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_984_ecustom--ConsultingFees_pp0p0_c20210701__20210930_zTa2ZAKmQ1Xd" style="font-family: Times New Roman, Times, Serif; width: 11%; font-weight: bold; text-align: right" title="Consulting fees">276,049</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_986_ecustom--ConsultingFees_c20200701__20200930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Consulting fees">166,806</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_982_ecustom--ConsultingFees_c20210101__20210930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 11%; font-weight: bold; text-align: right" title="Consulting fees">846,604</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_980_ecustom--ConsultingFees_c20200101__20200930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Consulting fees">458,009</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> </table> At September 30, 2021, $<span id="xdx_90C_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_c20210930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KeyManagementPersonnelMember_pp0p0" title="Accounts payable and accrued liabilities">102,235 is owed to key management personnel (December 31, 2020 - $<span id="xdx_90A_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KeyManagementPersonnelMember_pp0p0" title="Accounts payable and accrued liabilities">45,000) with all amounts included in accounts payable and accrued liabilities Share subscriptions During the nine months ended September 30, 2021, the CEO of the Company subscribed for <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210101__20210930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CEOMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneOfferingsMember_z7FgtebWdtC8" title="Number of shares issued">208,860 units in the February 2021 Offering. During the nine months ended September 30, 2021, the Company issued <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210101__20210930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CFOMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneUnitsMember_pdd" title="Number of shares issued">208,860 February 2021 Units at a deemed price of $<span id="xdx_907_ecustom--DeemedPrice_c20210930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CFOMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneUnitsMember_pdd" title="Deemed price">0.45 to settle $<span id="xdx_902_eus-gaap--ExtinguishmentOfDebtAmount_c20210101__20210930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CFOMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneUnitsMember_pp0p0" title="Settlement of debt">66,000 of debt owed to the CFO. During the nine months ended September 30, 2021, the Company issued <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneUnitsMember_pdd" title="Number of shares issued">208,860 February 2021 Units at a deemed price of $<span id="xdx_904_ecustom--DeemedPrice_c20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneUnitsMember_pdd" title="Deemed price">0.45 to settle $<span id="xdx_903_eus-gaap--ExtinguishmentOfDebtAmount_c20210101__20210930__srt--TitleOfIndividualAxis__custom--ConsultantsMember__us-gaap--StatementEquityComponentsAxis__custom--FebruaryTwoThousandTwentyOneUnitsMember_pp0p0" title="Settlement of debt">66,000 of debt owed to a consultant that is deemed to be a related party. <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div> Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Nine Months Ended September 30, 2021 (Expressed in United States Dollars) Unaudited <div style="font-family: Times New Roman, Times, Serif; margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font: 1pt Times New Roman, Times, Serif"> </div></div>

The Company’s key management personnel have the authority and responsibility for planning, directing and controlling the activities of the Company and consists of the Company’s executive management team and management directors. Schedule of Related Party Transactions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Three Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">Nine Months Ended</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">September 30,</td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2021</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center">2020</td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 40%; text-align: left">Consulting fees</td><td style="font-family: Times New Roman, Times, Serif; width: 2%; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_984_ecustom--ConsultingFees_pp0p0_c20210701__20210930_zTa2ZAKmQ1Xd" style="font-family: Times New Roman, Times, Serif; width: 11%; font-weight: bold; text-align: right" title="Consulting fees">276,049</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_986_ecustom--ConsultingFees_c20200701__20200930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Consulting fees">166,806</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%; font-weight: bold"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_982_ecustom--ConsultingFees_c20210101__20210930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 11%; font-weight: bold; text-align: right" title="Consulting fees">846,604</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; font-weight: bold; text-align: left"> </td><td style="font-family: Times New Roman, Times, Serif; width: 2%"> </td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_980_ecustom--ConsultingFees_c20200101__20200930_pp0p0" style="font-family: Times New Roman, Times, Serif; width: 11%; text-align: right" title="Consulting fees">458,009</td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> </table>

276049 166806 846604 458009

102235

45000

208860

0.45

66000

208860

0.45

66000

15. Financial instruments Fair values The carrying amounts reported in the condensed interim consolidated balance sheets for cash and cash equivalents, accounts receivable excluding HST, accounts payable, accrued liabilities, DSU liability, lease liability and promissory note payable, all of which are financial instruments, are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and current market rate of interest. The Company measured its DSU liability at fair value on recurring basis using level 1 inputs and derivative warrant liabilities at fair value on recurring basis using level 3 inputs. There were no transfers of financial instruments between levels 1, 2, and 3 during the period ended September 30, 2021 and year ended December 31, 2020. Foreign currency risk Foreign currency risk is the risk that changes the rates of exchange on foreign currencies will impact the financial position of cash flows of the Company. The Company is exposed to foreign currency risks in relation to certain activities that are to be settled in Canadian dollars. Management monitors its foreign currency exposure regularly to minimize the risk of an adverse impact on its cash flows. Concentration of credit risk Concentration of credit risk is the risk of loss in the event that certain counterparties are unable to fulfill its obligations to the Company. The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. Liquidity risk Liquidity risk is the risk that the Company’s consolidated cash flows from operations will not be sufficient for the Company to continue operating and discharge its liabilities. The Company is exposed to liquidity risk as its continued operation is dependent upon its ability to obtain financing, either in the form of debt or equity, or achieving profitable operations in order to satisfy its liabilities as they come due.

Units issued at C$4.50, converted to US at $3.42 (note 10) Units issued at C$0.75, converted to US at $0.57 (note 10) Shares and units issued at C$0.05, converted to US at $0.04 (note 10) Shares issued at C$0.56, converted to US at $0.42 (note 10)