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 [...]
Excellon Resources Inc. 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 of units of the Company for aggregate gross proceeds to the Company of approximately $709,574. The Company expects to close a second and final tranche of the Offering prior to the end of April 2024. Pursuant to [...]
Excellon Resources Inc. is pleased to announce a non-brokered private placement offering of up to 7,500,000 units of the Company 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 and one common share purchase warrant of the Company . Each Warrant will entitle the holder thereof to acquire one Common [...]
Excellon Resources Inc. is pleased to announce that it has closed its previously announced restructuring of the outstanding 5.75% secured convertible debentures of the Company 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 . Shawn Howarth, President and CEO, commented, "The Debenture Restructuring [...]
Excellon Resources Inc. 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 Review Summary Eliminated 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 2, which [...]
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 2023 Annual and Special Meeting of Shareholders held on November 23, 2023. Shawn Howarth, President and CEO, commented "We are pleased to announce that the proposed debenture restructuring was approved by Shareholders. Completion of the debenture restructuring, which is [...]
Excellon Resources Inc. announces that it has rescheduled its annual and special meeting of shareholders from November 7, 2023 to November 23, 2023. The Meeting will be held virtually at 2:00 p.m. . The record date for the Meeting continues to be September 25, 2023. At the Meeting, shareholders will vote on the proposed restructuring of the Company's 5.75% secured convertible debentures announced on September 21, 2023 [...]
Excellon Resources Inc. is pleased to announce that, further to its news release dated August 30, 2023, Excellon Idaho Gold Inc., a wholly-owned subsidiary of Excellon, has closed the sale of Excellon's minority interest in the Oakley Project to Centerra Inc. for US$1 million in cash. Shawn Howarth, President and CEO of Excellon, commented, "Securing this funding demonstrates a successful exit from a non-core asset and [...]
Excellon Resources Inc. announces that, further to its news release dated July 24, 2023, it has completed the extension of the maturity date of its 5.75% secured convertible debentures from July 30, 2023 to July 31, 2024. In consideration for the Extension, the Company has issued 6,888,458 common shares of the Company priced at C$0.156 per Common Share to the holders of the Debentures in satisfaction of an extension fee [...]
Excellon Resources Inc. is pleased to announce that the Company has entered into a binding term sheet with holders representing over 662/3% of the principal amount of the outstanding 5.75% secured convertible debentures of the Company to reduce the outstanding principal amount to C$7.5 million, representing a 58% reduction in principal, and to amend the terms of the remaining Debentures to, among other things, further [...]
Sells Interest in Oakley Project for US$1 Million Cash Update on Convertible Debenture Restructuring and Asset Portfolio Excellon Resources Inc. is pleased to announce that Excellon Idaho Gold Inc. , a wholly-owned subsidiary of Excellon, has entered into a definitive agreement with Centerra Inc. , a wholly-owned subsidiary of Centerra Gold Inc. to sell Excellon's remaining minority interest in the Oakley Project for US$1 [...]
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