Excellon Resources ( (TSE:EXN) ) just unveiled an announcement.
Excellon Resources Inc. has made significant progress in securing offtake-linked financing to restart operations at the Mallay Silver Mine in Peru. The company has received several non-binding proposals from major trading houses for zinc and lead concentrate offtake agreements, which include prepayment or structured finance facilities to fund the restart. These proposals offer financing facilities between $4 to $6 million with competitive interest rates and terms, reinforcing the company’s strategy and confidence in the project’s potential. Excellon aims to finalize a preferred financing solution soon, coinciding with the planned acquisition of Minera CRC S.A.C., the owner of the Mallay Mine.
More about Excellon Resources
Excellon Resources Inc. operates in the mining industry, focusing on the extraction and production of precious metals. The company is primarily involved in the production of silver, zinc, and lead, with a market focus on leveraging strategic partnerships to enhance its operational capabilities.
YTD Price Performance: 25.00%
Average Trading Volume: 222,168
Technical Sentiment Signal: Buy
Current Market Cap: C$17.9M
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