Excellon Closes Acquisition of Mallay Silver Mine and Tres Cerros Gold/Silver Exploration Property in Peru
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Excellon Resources Inc. (TSXV: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has closed the previously announced acquisition (the "Acquisition") of all of the issued and outstanding shares (the "Minera Shares") of Minera CRC S.A.C. ("Minera CRC"), a Peruvian company that holds a 100% interest in the Mallay Silver Mine (the "Mallay Mine") and the nearby Tres Cerros Gold/Silver Exploration Property (the "Tres Cerros Exploration Property"), both...
2025-06-24 7:30 AM EDT
Excellon Announces Offtake and Financing with Glencore to Restart Mallay Silver Mine
Toronto, Ontario--(Newsfile Corp. - May 23, 2025) - Excellon Resources Inc. (TSXV: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has entered into a non-binding agreement dated on May 15, 2025, with subsidiaries of Glencore plc ("Glencore") to support the restart of the past-producing Mallay Silver Mine ("Mallay") in Peru (the "Agreement"). The Agreement comprises a concentrate offtake and a pre-export finance loan facility (the "Facility") that together will provide the key funding required...
2025-05-23 7:00 AM EDT
Excellon Announces Closing of Brokered Private Placement of Units for Gross Proceeds of C$8.0 Million, Including Full Exercise of the Agents' Option and Lead Investment by Eric Sprott
Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Excellon Resources Inc. (TSXV: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has closed its previously announced brokered private placement (the "Offering") 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 (the "Units") at a price of C$0.105 per Unit.Each Unit consisted of...
2025-05-14 1:24 PM EDT
Excellon Announces Transfer of Listing to TSX Venture Exchange
Toronto, Ontario--(Newsfile Corp. - May 2, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") 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 (the "Common Shares") from the Toronto Stock Exchange (the "TSX") to the TSX Venture Exchange (the "TSXV"). Delisting of the Common Shares from the TSX will occur effective at market close...
2025-05-02 10:51 AM EDT
Excellon Announces Upsize of Brokered Private Placement of Units for Gross Proceeds of up to C$7.0 Million
Toronto, Ontario--(Newsfile Corp. - April 23, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") 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 (the "Offering") 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 (the...
2025-04-23 8:48 AM EDT
Excellon Announces Upsize of Brokered Private Placement of Units for Gross Proceeds of up to C$6.5 Million
Toronto, Ontario--(Newsfile Corp. - April 22, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") 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 (the "Offering") 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 (the...
2025-04-22 5:54 PM EDT
Excellon Announces Receipt of Statement of Claim
Toronto, Ontario--(Newsfile Corp. - April 21, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") 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 (link to Excellon news release from April 2023). The plaintiff is seeking, among other things, damages...
2025-04-21 7:00 AM EDT
Excellon Announces Brokered Private Placement of Units for Gross Proceeds of up to C$5.0 Million, with a Lead Order from Eric Sprott
Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") 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. (collectively, the "Agents"), in connection with a best efforts private placement (the "Offering") for aggregate gross proceeds of up to C$5,000,000 from the sale...
2025-04-15 6:45 AM EDT
Excellon Advances Offtake Financing for Mallay Mine Restart
Toronto, Ontario--(Newsfile Corp. - April 2, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to report good progress toward securing offtake-linked financing for the restart of operations at the past-producing Mallay Silver Mine ("Mallay") 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 restart activities at Mallay.The proposals...
2025-04-02 7:00 PM EDT
Excellon Reports Sampling over 9 g/t Gold and 1,000 g/t Silver at Tres Cerros
Toronto, Ontario--(Newsfile Corp. - March 21, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce new confirmatory exploration results from ongoing surface sampling at the Tres Cerros Gold-Silver Project ("Tres Cerros") in north-central Peru.HighlightsHigh-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 1,000 g/t silver (assay limit) were also identified...
2025-03-21 8:00 AM EDT
Excellon Secures Path to Acquire the past Producing Mallay Silver Mine
Toronto, Ontario--(Newsfile Corp. - March 11, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce a definitive agreement (the "Adar and Premier Agreement") has been executed between Adar Mining Corp. ("Adar") and Premier Silver Corp. ("Premier Silver"), relating to the acquisition by Excellon of Minera CRC S.A.C. ("Minera CRC"), which holds the past-producing Mallay Silver Mine and Tres Cerros Exploration Property in Peru (the "Acquisition").Under the terms of the Agreement, Excellon is...
2025-03-11 7:00 AM EDT
Excellon Closes Initial Financings for Mallay Silver Mine Acquisition and Provides Update
Toronto, Ontario--(Newsfile Corp. - December 3, 2024) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") 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 non-brokered private placement offering (the...
2024-12-03 5:33 PM EST
Excellon Announces Agreement to Acquire Mallay Mine in Transformative Transaction
Toronto, Ontario--(Newsfile Corp. - October 31, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has entered into a share purchase agreement (the "Agreement") with Adar Mining Corp. ("Adar") to acquire (the "Acquisition"), subject to the satisfaction of certain conditions, all of the issued and outstanding shares (the "Minera Shares") in the capital of Minera CRC S.A.C. ("Minera CRC"), which holds a 100% interest in the Mallay Property, including the...
2024-10-31 8:15 PM EDT
Excellon Announces Results of 2024 Annual Meeting
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") 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 (the "Meeting") 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...
2024-06-28 4:00 PM EDT
Excellon Closes Final Tranches of Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") 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 (the "Offering") of units of the Company ("Units"), pursuant to which the Company sold an additional 3,414,555 Units at a price of $0.18 per Unit for...
2024-05-15 7:00 PM EDT
Excellon Drills 1.37 g/t Gold over 81.2 Metres Including 2.77 g/t Gold over 15.6 Metres at Kilgore Project
Toronto, Ontario--(Newsfile Corp. - May 7, 2024) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce further drill results from the 2022 exploration program at its 100% owned Kilgore Project ("Kilgore") 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...
2024-05-07 7:30 AM EDT
Excellon Closes First Tranche of Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - April 15, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that, further to the Company's news release dated April 4, 2024, it has closed the first tranche of its previously announced non-brokered private placement offering (the "Offering") of units of the Company ("Units") for aggregate gross proceeds to the Company of approximately $709,574. The Company expects to close a second and final tranche of...
2024-04-15 8:00 AM EDT
Excellon Announces up to $1.35 Million Non-Brokered Private Placement Offering of Units
Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 7,500,000 units of the Company (the "Units") at a price of $0.18 per Unit for aggregate gross proceeds to the Company of up to $1,350,000.Each Unit will be comprised of one common share in the capital of the Company (each, a "Common Share") and one common...
2024-04-04 7:30 AM EDT
Excellon Closes Debenture Restructuring
Toronto, Ontario--(Newsfile Corp. - March 28, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has closed its previously announced restructuring of the outstanding 5.75% secured convertible debentures of the Company (the "Debentures") to reduce the outstanding principal amount of the Debentures to C$7.5 million, representing a 58% reduction in principal, and to amend the terms of the remaining Debentures (collectively, the "Debenture Restructuring").Shawn Howarth, President and CEO,...
2024-03-28 6:28 PM EDT
Excellon Provides Corporate Update and Outlook for 2024
Toronto, Ontario--(Newsfile Corp. - January 10, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to provide the following "Year in Review" and corporate update, with the intention of providing clarity on key value drivers for 2024.2023 Year in ReviewSummaryEliminated the US$22 million litigation liability overhang, through the deconsolidation of San Pedro Resources1.Shareholders approved the restructuring of the Company's 5.75% secured convertible debentures (the "Convertible Debentures")2, which restructuring, when completed, is...
2024-01-10 8:00 AM EST