Excellon Resources Inc. Announces Private Placement to Raise Up to $8 Million

Excellon Resources Inc., a Canadian mining company, has announced a brokered private placement of common shares in an effort to raise gross proceeds of up to $8 million. The company has entered into an agreement with a syndicate of agents, led by a prominent investment bank, to sell common shares at a price to be determined in the context of the market. The net proceeds from the private placement will be used to advance the company’s mining projects, including the Platosa Mine in Mexico and the Kilgore Project in Idaho, USA. Excellon Resources Inc. is a silver and base metals producer with a focus on growth and exploration. The company’s Platosa Mine is a high-grade silver and lead mine located in Durango, Mexico, and has been in production since 2005. The Kilgore Project, located in Idaho, USA, is a gold exploration project with significant potential for growth. The private placement is expected to close on or about August 20, 2025, subject to certain conditions, including the receipt of all necessary regulatory approvals. The company has also granted the agents an option to purchase up to an additional 15% of the common shares sold under the private placement, exercisable at any time up to 48 hours prior to the closing of the private placement. Excellon Resources Inc. is listed on the Toronto Stock Exchange and the OTC Markets Group in the United States. The company’s common shares are also listed on the Frankfurt Stock Exchange in Germany. The private placement is a significant development for Excellon Resources Inc., as it will provide the company with the necessary funds to advance its mining projects and explore new opportunities. The company’s management team is experienced and has a proven track record of success in the mining industry. The private placement is also a testament to the confidence of investors in the company’s growth potential. Excellon Resources Inc. has a strong commitment to sustainability and social responsibility, and the company’s mining operations are designed to minimize environmental impact. The company’s Platosa Mine has been recognized for its excellence in safety and environmental management, and the company is committed to maintaining the highest standards of safety and environmental stewardship. The private placement is subject to certain risks and uncertainties, including the ability of the company to close the private placement and the use of proceeds. However, the company’s management team is confident that the private placement will be successful and will provide the necessary funds to advance the company’s mining projects. The company’s common shares have been trading on the Toronto Stock Exchange and the OTC Markets Group in the United States, and the private placement is expected to have a positive impact on the company’s stock price. The private placement is also expected to increase the company’s visibility and profile in the mining industry, and to attract new investors and partners. Excellon Resources Inc. is a significant player in the mining industry, and the private placement is a major development for the company. The company’s focus on growth and exploration, combined with its commitment to sustainability and social responsibility, make it an attractive investment opportunity for investors. The private placement is a significant milestone for Excellon Resources Inc., and the company is well-positioned for future growth and success.

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