Excellon announces closing of brokered private placement of common shares for gross proceeds of c$12 million, including full exercise of the agents' option

Toronto, ontario--(newsfile corp. - september 9, 2025) - excellon resources inc. (tsxv: exn) (otc pink: exnrf) (fse: e4x2) ("excellon" or the "company") is pleased to announce the closing of its previously announced "best efforts" private placement (the "offering") for aggregate gross proceeds to the company of c$12,000,000, which includes the full exercise of the agents' option. pursuant to the offering, the company sold an aggregate of 60,000,000 common shares in the capital of the company (the "offered shares") at a price of c$0.20 per offered share.
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