Excellon Resources (EXN) Stock

Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) has closed an initial financing of approximately C$3.79 million to support its proposed acquisition of the Mallay silver mine and Tres Cerros gold-silver project in Peru. The Mallay Silver Mine, previously operated by Buenaventura from 2012 to 2018, received $115 million in historical investment and produced over 18 million silver-equivalent ounces before being placed on care and maintenance due to low silver prices.

Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) announced it has entered into an agreement to acquire all shares of Minera CRC S.A.C., the owner of the Mallay Silver Mine and Tres Cerros Exploration Property in Peru for $2.5 million.

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 past producing Mallay Silver Mine and the Tres Cerros Exploration Property, in Peru.

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 the election of directors are set out below: Director For % For Withheld % Withheld Shawn Howarth 31,594,021 88.970 3,916,965 11.030 Laurence Curtis 35,188,227 99.091 322,759 0.909 Craig Lindsay 31,591,577 88.963 3,919,409 11.037 Brendan Cahill 31,589,497 88.957 3,921,489 11.043 Gerhard Merkel 35,279,461 99.348 231,525 0.652   The election of Mr.

Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) has every reason to be excited about Idaho. Recent drilling at the Kilgore project in the state has confirmed mineralization in a previously under-drilled area, suggesting a potential extension of mineralization southwest of the known deposit.

Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) is pleased to announce the closing of the final tranches of its non-brokered private placement offering, selling an additional 3,414,555 Units at $0.18 per Unit for total gross proceeds of approximately $614,620. This brings the total number of Units sold under the Offering to 7,356,632, with aggregate gross proceeds of approximately $1,324,194.

Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) said it continues to pursue its proposed acquisition of the past-producing La Negra silver-zinc-copper-lead mine in Mexico as challenging market conditions have caused the company to struggle to source financing associated with the purchase.  In January, the company announced that it had entered into a definitive agreement to acquire the mine for aggregate consideration of US$50 million, including US$20 million upfront in shares of the company and a further US$30 million payable in shares or cash following the restart of commercial production at the mine.