Excellon Resources Inc. is pleased to announce the closing of its previously announced "best efforts" private placement for aggregate gross proceeds to the Company of C$12,000,000, which includes the full exercise of the agents' option. Pursuant to the Offering, the Company sold an aggregate of 60,000,000 common shares in the capital of the Company at a price of C$0.20 per Offered Share. Red Cloud Securities Inc. and [...]
Excellon Resources Inc. is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement from aggregate gross proceeds of up to C$8,000,000 to aggregate gross proceeds of up to C$11,000,000. The upsized Offering is comprised of the sale of up to 55,000,000 common shares in the capital of the Company at a price of C$0.20 per [...]
Excellon Resources Inc. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. pursuant to which Red Cloud and Velocity Trade Capital Ltd. will act as co-lead agents and joint bookrunners on behalf of a syndicate of agents in connection with a "best efforts" private placement of up to 40,000,000 common shares in the capital of the Company at a price of C$0.20 per Offered Share for [...]
Excellon Resources Inc. is pleased to announce the closing of its offtake and financing agreement with subsidiaries of Glencore plc to support the restart of the past-producing Mallay Silver Mine in Peru. Highlights: Facility Size: Up to US$7.5 million in secured funding, structured as a Pre-Export Finance loan, with an initial drawdown amount of up to US$5.0 million and an optional second amount of US$2.5 million [...]
Excellon Resources Inc. is pleased to have mobilized a mining contractor and commenced underground rehabilitation activities at its 100%-owned Mallay Silver Mine in Peru. Excellon's plan to restart operations at the past-producing Mallay Mine and return the Company to silver production is underway. Highlights: Experienced underground mining contractor mobilized to the Mallay Mine to initiate rehabilitation, development [...]
Excellon Resources Inc. is pleased to announce the appointment of Mr. Mike Hoffman, P.Eng., ICD.D, to its Board of Directors, effective immediately. Mr. Hoffman, P.Eng., ICD.D, brings over 35 years of international mining experience spanning engineering, mine operations, corporate development and project execution. He currently serves as Chair and Director of NiCan Limited, and as a Director of 1911 Gold Corporation [...]
Excellon Resources Inc. is pleased to announce that it has closed the previously announced acquisition of all of the issued and outstanding shares of Minera CRC S.A.C. , a Peruvian company that holds a 100% interest in the Mallay Silver Mine and the nearby Tres Cerros Gold/Silver Exploration Property , both located in the prolific Miocene metallogenic belt of Central Peru. Excellon has now acquired a fully permitted [...]
Excellon Resources Inc. is pleased to announce that it has entered into a non-binding agreement dated on May 15, 2025, with subsidiaries of Glencore plc to support the restart of the past-producing Mallay Silver Mine in Peru . The Agreement comprises a concentrate offtake and a pre-export finance loan facility that together will provide the key funding required to recommence operations at Mallay and return Excellon to [...]
Excellon Resources is pleased to announce that it has closed its previously announced brokered private placement for aggregate gross proceeds to the Company of C$8,000,000.09, which includes the full exercise of the agents' option. Pursuant to the Offering, the Company sold an aggregate of 76,190,477 units of the Company at a price of C$0.105 per Unit. Each Unit consisted of one common share of the Company and one-half of [...]
Excellon Resources Inc. is pleased to announce that, further to the Company's news release dated April 15, 2025, it has received approval to transfer the listing of the common shares of the Company from the Toronto Stock Exchange to the TSX Venture Exchange . Delisting of the Common Shares from the TSX will occur effective at market close on May 6, 2025 and listing of the Common Shares on the TSXV will occur effective at [...]
Excellon Resources Inc. is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement from aggregate gross proceeds of up to C$6,500,000 to aggregate gross proceeds of up to C$7,000,000. The upsized Offering is comprised of the sale of up to 66,666,667 units of the Company at a price of C$0.105 per Unit . Eric Sprott has [...]
Excellon Resources Inc. is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement from aggregate gross proceeds of up to C$5,000,000 to aggregate gross proceeds of up to C$6,500,000. The upsized Offering is comprised of the sale of up to 61,904,762 units of the Company at a price of C$0.105 per Unit . Eric Sprott has [...]
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