On September 9, 2025, Excellon Resources Inc. completed a best efforts private placement of 60,000,000 common shares at a price of $0.20 per share for aggregate gross proceeds of $12 million.
Red Cloud Securities Inc. and Velocity Capital Partners acted as co-lead agents and joint bookrunners, on behalf of a syndicate of agents including Haywood Securities Inc., Beacon Securities Limited, and Integrity Capital Group Inc.
Cassels acted for the agents.