Toronto, Ontario–(Newsfile Corp. – April 2, 2025) – Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) (“Excellon” or the “Company“) is pleased to report good progress toward securing offtake-linked financing for the restart of operations at the past-producing Mallay Silver Mine (“Mallay“) in Peru.
Excellon has received several non-binding proposals from leading trading houses for zinc and lead concentrate offtake agreements. Each proposal includes an associated prepayment or structured finance facility to provide near-term funding for restart activities at Mallay.
The proposals received contemplate:
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Financing facilities ranging from US$4 to US$6 million.
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Tenors of up to 30 months, including grace periods during ramp-up.
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Annual interest rates range from SOFR* + 5% to 7%.
* Secured Overnight Financing Rate
All proposals are subject to customary conditions precedent, including satisfactory due diligence and completion…
