New Risk • Jun 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$132.8m (US$93.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$132.8m market cap, or US$93.3m). Announcement • Mar 13
Excellon Resources Inc. announced that it has received funding from 2176423 Ontario Ltd. On March 12, 2026, Excellon Resources Inc. closed the transaction. The company issued an aggregate of 28,036,000 common shares for aggregate gross proceeds of CAD 16,821,600, which includes the partial exercise of the underwriters' option. The company also closed concurrent brokered private placement of 8,333,500 shares for additional aggregate gross proceeds of CAD 5,000,100. Announcement • Mar 03
Excellon Resources Inc. announced that it expects to receive CAD 17.9997 million in funding from 2176423 Ontario Ltd. Excellon Resources Inc. announced a bought deal private placement for issuance of 16,666,700 common shares at a price of CAD 0.60 per share for aggregate gross proceeds of CAD 10,000,020 on March 2, 2026. The company has granted the underwriters an option, exercisable in whole or in part at any time up to 48 hours prior to the closing date, to purchase up to an additional 4,999,900 shares to raise additional gross proceeds of up to CAD 2,999,940. The offering is expected to close on or about March 12, 2026, or on such other date as may be agreed to by the company and underwriter. Completion of the offering is subject to customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange.
On same date, the company announced that it has amended and will now issue 21,666,000 common shares at a price of CAD 0.60 for gross proceeds of CAD 12,999,600. The company also announced a concurrent brokered private placement with 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, pursuant to which the Company will sell an additional 8,333,500 Common Shares at the Offering Price of CAD 0.60 per share for additional aggregate gross proceeds to the Company of CAD 5,000,100; aggregate gross proceeds of CAD 17,999,700.