Excellon Resources Inc. is pleased to announce that a U.S. District Court ruled in support of the United States Forest Service authorization of Excellon's Plan of Operations for the Kilgore Gold Project to conduct mineral exploration activities in the Dubois Ranger District, Clark County, Idaho. "We are pleased with this decision and look forward to continuing our exploration of the Kilgore Gold Project," stated Shawn [...]
Excellon Resources Inc. is pleased to announce that it has entered into a binding agreement with holders of greater than 662/3% of its outstanding 5.75% secured convertible debentures in the aggregate principal amount of C$17,910,000 to extend the maturity date of the Convertible Debentures by 367 days from July 30, 2023 to July 31, 2024 . The Extension will be implemented pursuant to the terms and conditions of a [...]
Announces Termination of La Negra Acquisition Excellon Resources Inc. is providing the following updates: Termination of the La Negra Acquisition Earlier today, the Company unexpectedly received a notice of termination of the previously announced acquisition of the La Negra project from the seller, Dalu S.à r.l., an entity owned by an investment fund managed by Orion Resource Partners . Prior to receipt of the termination [...]
TORONTO, July 20, 2023 /CNW/ - The following issues have been halted by CIRO: Company: Excellon Resources Inc. TSX Symbol: EXN All Issues: Yes Reason: Pending News Halt Time : 11:39 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
Excellon Resources Inc. is providing an update regarding its previously announced proposed acquisition of the past-producing La Negra Mine in Queretaro, Mexico and related transactions. Shawn Howarth, President and CEO, commented: "We continue to advance our proposed acquisition of La Negra, though recent market conditions have made the associated previously announced subscription receipts financing challenging. We [...]
Excellon Resources Inc. reports financial results and corporate highlights for the three months ended March 31, 2023. Q1 2023 Highlights Announced acquisition of the past-producing La Negra mine in Querétaro, Mexico.a Fully permitted mine with established infrastructure and historical payable production averaging +3.0 million silver-equivalent ounces annually.b Indicated Mineral Resources of approximately 15.1 million oz [...]
/Not for distribution to United States news wire services or for dissemination in the United States/ Excellon Resources Inc. is pleased to announce a non-brokered private placement of up to 28,571,428 subscription receipts of the Company at a price of C$0.35 per Subscription Receipt for aggregate gross proceeds to the Company of up to approximately C$10,000,000 . Following completion of the Company's previously announced [...]
Excellon Resources Inc. is pleased to announce the reversal of a US$22 million liability from its March 31, 2023 consolidated balance sheet, relating to the previously disclosed judgment against one of the Company's subsidiaries in Mexico. "The announcement today effectively removes a US$22 million overhang that has been with the Company since 2019," stated Shawn Howarth, President and CEO. "Over the past four months, I'm [...]
Excellon Resources Inc. is pleased to report financial results for the three- and twelve-month periods ended December 31, 2022. 2022 Financial and Operational Highlights Identified remnants, pillars and stopes which extended Platosa production into October 2022. Safely wound down operations at Platosa and Miguel Auza in Q4 2022, and transitioned to care-and-maintenance. Settled termination benefits with over 70% of the [...]
Excellon Resources Inc. is pleased to announce the initial diamond drilling results from the recently completed 2022-2023 exploration program at its Oakley property in Idaho, USA . Assays from additional six drill holes are still outstanding. Centerra Inc. , a wholly owned subsidiary of Centerra Gold Inc. , has an option to earn up to a 70% interest in Oakley by, among other things, spending US$7 million in exploration [...]
Excellon Resources Inc. is pleased to announce that effective January 31, 2023, the Company's common shares will commence trading on the OTCQB Venture Market in the United States, under the symbol "EXNRF". The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for early-stage and developing U.S. and international companies. Participating companies must be [...]
Excellon Resources Inc. is pleased to announce that it has filed a technical report as required by National Instrument 43-101 - Standards of Disclosure for Mineral Projects in respect of the La Negra project located in Querétaro State, Mexico . The independent Technical Report, entitled "Technical Report - Preliminary Economic Assessment Study, La Negra Mine, Minera La Negra S.A. de C.V." was prepared for Minera La Negra [...]
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