Excellon Resources Inc. announces that it has received a statement of claim in which it has been named as a defendant in an action commenced by Javier Martinez Lomas in the Ontario Superior Court of Justice, related to prior litigation against a former indirect Mexican subsidiary of Excellon . The plaintiff is seeking, among other things, damages in the amount of approximately US$23 million. The claim arises from a prior [...]
Excellon Resources Inc. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as lead agent and sole bookrunner on behalf of a syndicate of agents that includes Velocity Trade Capital Ltd. , in connection with a best efforts private placement for aggregate gross proceeds of up to C$5,000,000 from the sale of up to 47,619,048 units of the Company at a price of C$0.105 per Unit [...]
Excellon Resources Inc. is pleased to report good progress toward securing offtake-linked financing for the restart of operations at the past-producing Mallay Silver Mine in Peru. Excellon has received several non-binding proposals from leading trading houses for zinc and lead concentrate offtake agreements. Each proposal includes an associated prepayment or structured finance facility to provide near-term funding for [...]
Excellon Resources Inc. is pleased to announce new confirmatory exploration results from ongoing surface sampling at the Tres Cerros Gold-Silver Project in north-central Peru. Highlights High-Grade Gold Samples: Assays returned gold values of up to 9.313 g/t gold in oxidized quartz-sulfide vein outcrops, confirming the presence of a high-sulfidation epithermal system. Significant Silver Mineralization: Silver grades over [...]
Excellon Resources Inc. is pleased to announce a definitive agreement has been executed between Adar Mining Corp. and Premier Silver Corp. , relating to the acquisition by Excellon of Minera CRC S.A.C. , which holds the past-producing Mallay Silver Mine and Tres Cerros Exploration Property in Peru . Under the terms of the Agreement, Excellon is acquiring the shares of Minera CRC through an expedited, court-supervised [...]
Eric Sprott announces that on December 3, 2024, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 1,500,000 Units of the Excellon Resources Inc. through a private placement, at $0.105 per Unit for total consideration of $157,500. Each Unit consists of one common share and one-half of one Share purchase warrant , with each whole Warrant entitling the holder to acquire one Share at $0.15 for 24 months [...]
Excellon Resources Inc. is pleased to announce closing of the initial approximately C$3.79 million financing in support of the Company's proposed acquisition of the Mallay Silver Mine and Tres Cerros Gold-Silver Exploration Project in Peru, which provide potential opportunities for a near-term return to silver production and highly prospective gold-silver exploration. As previously announced, the Company arranged a [...]
Excellon Resources Inc. is pleased to announce that it has entered into a share purchase agreement with Adar Mining Corp. to acquire , subject to the satisfaction of certain conditions, all of the issued and outstanding shares in the capital of Minera CRC S.A.C. , which holds a 100% interest in the Mallay Property, including the past producing Mallay Silver Mine and the Tres Cerros Exploration Property, in Peru. Pursuant [...]
Excellon Resources Inc. is pleased to report that the holders of common shares of the Company voted in favour of all items of business at the Company's 2024 Annual Meeting of Shareholders held on June 28, 2024, being the election of all nominated directors and the appointment of Ernst & Young LLP as the auditors of the Company. Detailed results from the election of directors are set out below: Director For % For Withheld [...]
Excellon Resources Inc. is pleased to announce that, further to the Company's news releases dated April 4, 2024 and April 15, 2024, it has closed the final tranches of its previously announced non-brokered private placement offering of units of the Company , pursuant to which the Company sold an additional 3,414,555 Units at a price of $0.18 per Unit for additional aggregate gross proceeds to the Company of approximately [...]
Excellon Resources CEO Shawn Howarth joined Steve Darling from Proactive to discuss the latest drilling outcomes from the exploration program at the Kilgore Project in Idaho, which is entirely owned by Excellon. The exploration comprised six diamond drill holes, spanning a total of 2,145 meters, with oriented cores and detailed sampling aimed at enhancing the structural understanding and potential of high-grade [...]
Excellon Resources Inc. is pleased to announce further drill results from the 2022 exploration program at its 100% owned Kilgore Project in Idaho, USA. Final results from 2022 drill program released, including: 1.37 g/t Au over 81.21 metres in EX22KG004, including 2.77 g/t Au over 15.64 metres and 5.28 g/t Au over 5.54 metres, confirming high-grade mineralization in the Aspen sediments. 0.53 g/t Au over 56.24 metres in [...]
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