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An announcement from Excellon Resources ( (TSE:EXN) ) is now available.
Excellon Resources Inc. has announced a brokered private placement of up to 40 million common shares to raise gross proceeds of up to C$8 million. The funds will be used for the development of the Mallay Mine and general corporate purposes, with the offering expected to close by September 9, 2025, subject to regulatory approvals.
Spark’s Take on TSE:EXN Stock
According to Spark, TipRanks’ AI Analyst, TSE:EXN is a Underperform.
Excellon Resources faces major financial hurdles, highlighted by consistent losses and operational inefficiencies. While technical indicators show some positive momentum, and corporate events highlight potential growth, poor valuation metrics and legal challenges underpin a low overall score. Financial stabilization and operational improvements are critical for positive reevaluation.
To see Spark’s full report on TSE:EXN stock, click here.
More about Excellon Resources
Excellon Resources Inc. is a company focused on acquiring and advancing quality precious and base metal assets. It is particularly focused on the potential restart of the Mallay Silver Mine in Peru and holds a portfolio of exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru, Kilgore in Idaho, and Silver City in Germany.
Average Trading Volume: 1,174,335
Technical Sentiment Signal: Buy
Current Market Cap: C$56.5M
See more data about EXN stock on TipRanks’ Stock Analysis page.