Excellon Resources Inc. is pleased to announce that it has applied to list its issued and outstanding common shares on the NYSE American, LLC . In advance of listing on the NYSE American, Excellon has filed a Form 40-F registration statement with the United States Securities and Exchange Commission. Subject to the approval of the NYSE American and the satisfaction of all applicable listing and regulatory requirements, the [...]
Excellon Resources Inc. is pleased to report that shareholders voted in favour of all items of business, including the election of directors at the 2020 Annual Meeting held on August 13, 2020. Detailed results from the election of directors are set out below: Director Votes For % For Votes Withheld % Withheld Brendan Cahill 24,174,637 98.79% 295,465 1.21% André Fortier 24,169,246 98.77% 300,856 1.23% Andrew Farncomb [...]
Excellon Resources Inc. is pleased to report financial results for the three- and six-month periods ended June 30, 2020. Q2 2020 Financial and Operational Highlights Successful close of the plan of arrangement with Otis Gold Corp. in late April 2020 Mining and milling operations resumed from mid-June 2020 following suspension imposed by the Government of Mexico from April 1st to June 1st Positive production and cost [...]
Excellon Resources will be hosting its 2020 Annual Meeting at its corporate offices at 10 King Street East, Suite 200, Toronto, Ontario on Thursday, the 13th day of August, 2020 at 4:00 p.m. Rather than attending in person, the Company strongly encourages Shareholders to attend the meeting virtually by registering. Shareholders can access the meeting via this link which will become active shortly before the [...]
Excellon Resources is pleased to provide an update on the Oakley Project, on which the Company has granted Centerra Inc. an option to earn up a 70% by, among other things, spending up to US$7 million in exploration expenditures on the project prior to May 2026. Highlights Increased land holdings by approximately 2,500 acres to approximately 7,000 acres through staking of an additional 125 Federal Lode Mining claims on [...]
Excellon Resources and is pleased to announce the closing of the previously announced private placement of secured convertible debentures for total proceeds of C$17,910,000. The proceeds will be used for repayment of the US$6 million bridge loan with Sprott Private Resource Lending II, LP entered into in connection with the acquisition of Otis Gold Corp., exploration on the Silver City, Platosa and Kilgore projects and [...]
Excellon Resources Inc. and is pleased to announce that due to significant demand from existing investors, it has increased to C$15,000,000 the previously announced private placement of secured convertible debentures . The proceeds will be used for repayment of the US$6 million bridge loan with Sprott Private Resource Lending II, LP entered into in connection with the acquisition of Otis Gold Corp., exploration on the [...]
Excellon Resources and is pleased to announce that an initial 15-hole diamond drilling program has commenced on the 164 km2 Silver City Project in Saxony, Germany. "We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals," stated Ben Pullinger, SVP Geology. "Our initial program utilizes a [...]
Excellon Resources Inc. and is pleased to announce that it has signed a binding term sheet for a fully subscribed financing of C$8,000,000 through the private placement of secured convertible debentures of the Company. The proceeds will be used to repay the US$6 million bridge loan with Sprott Private Resource Lending II, LP entered into in connection with the acquisition of Otis Gold Corp. References to principal amounts [...]
Excellon Resources and is pleased to announce that the drilling operation plan for the Silver City Project in Saxony, Germany has been approved by the Mining Authority of Saxony. Highlights Approval received for initial drill program of 15 holes totaling 2,500 metres – drilling is expected to commence before the end of June Additional 12 holes permitted for immediate follow up should drilling intersect anticipated veining [...]
Excellon Resources Inc. is pleased to announce an agreement with the Helmholtz Institute Freiberg for Resource Technology for research and development on the 164 km2 Silver City Project in Saxony, Germany. Excellon will provide HIF with data and drill core samples from the Silver City Project through which HIF can test developing, cutting-edge exploration technologies in real time, including hyperspectral analysis of [...]
Excellon Resources is pleased to report financial results for the three-month period ended March 31, 2020. Q1 2020 Financial and Operational Highlights Revenues of $6.6 million Production of 523,742 silver equivalent ounces AgEq ounces payable sold of 434,190 Gross loss of $0.1 million Total cash cost net of byproducts per Ag oz payable of $15.35 All-in sustaining cost net of byproducts per Ag oz payable of $26.52 Net [...]
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