AXU - AXU STOCK NEWS

Alexco Resource Corp. (NYSE American: AXU) reports its Q1 2022 financial results with total revenues of CDN$2.052 million from mining operations, a decline of 27% from Q4 2021. Ore mined increased 62% to 8,092 tonnes, with output from the Bermingham mine and Flame & Moth mine contributing significantly. However, the company experienced an operating loss of CDN$6.251 million and decreased cash reserves to CDN$5.637 million. Exploration activities are set to ramp up with a new drilling program. Production forecasts remain uncertain due to supply chain challenges.

Alexco Resource Corp. (NYSE American: AXU) has filed a notice of meeting and management information circular for its Annual General Meeting scheduled on June 9, 2022. Shareholders of record as of April 21, 2022 will be voting on key matters, including the election of six directors, appointment of auditors, and amendments to the stock option plan. The Board recommends voting FOR ALL proposed items. Shareholders can access meeting materials on SEDAR or the company's website.

Alexco Resource Corp. (NYSE American: AXU) plans to release its first quarter 2022 financial results on May 12, 2022, after market close. A webcast conference call is scheduled for May 13 at 1:00 PM ET to discuss the results. The company operates the historic Keno Hill Silver District in Yukon, Canada, and has commenced concentrate production. The Keno Hill project is expected to yield approximately 4.4 million ounces of silver annually upon reaching commercial production.

Alexco Resource Corp. (AXU) announced the completion of a non-brokered private placement, raising $13,078,616 through the issuance of 7,473,495 common shares at $1.75 per share. Proceeds will support general corporate purposes, particularly the ramp-up of mining operations at Keno Hill. The shares are subject to a statutory hold period until August 14, 2022. Alexco, a Canadian primary silver company, operates in the Keno Hill Silver District, expected to yield an average of 4.4 million ounces of silver annually.

Alexco Resource Corp. (NYSE: AXU) has announced a non-brokered private placement offering of 7,473,495 common shares priced at $1.75 each, aimed at raising approximately $13.08 million. The funds will be used for general corporate purposes, primarily to support the ramp-up of mining operations at Keno Hill. The offering's expected closing date is April 13, 2022, pending regulatory approval. The shares will be subject to a statutory hold period and will not be registered under the U.S. Securities Act. Forward-looking statements highlight potential risks and uncertainties associated with the offering.

Alexco Resource Corp. (AXU) reported its financial results for Q4 and FY 2021, revealing mining operations at Keno Hill ramped up, with initial ore production from Bermingham and Flame & Moth expected to significantly increase in 2022. Q4 2021 revenues from mining operations were CAD 2,814,000, compared to CAD 0 in Q4 2020, while FY 2021 revenues totaled CAD 19,007,000. Despite operational delays resulting in a revised ramp-up schedule, the company aims to achieve design capacity by Q3 2022 and anticipates silver production between 450,000 to 550,000 ounces in Q2 2022.

Alexco Resource Corp. (NYSE American: AXU) will release its full year 2021 financial results on March 21, 2022, before the market opens. Management will discuss the results in an audio webcast conference call on the same day at 11:00 am ET (8:00 am PT). Investors can join the call by dialing 1-800-319-4610 from Canada/US or 1-604-638-5340 internationally. Alexco operates in the historic Keno Hill Silver District in Yukon, Canada, where it commenced concentrate production in Q1 2021, with expected average annual production of 4.4 million ounces of silver.

Alexco Resource Corp. (NYSE American: AXU) has completed a flow-through bought deal public offering, raising gross proceeds of C$9.2 million. The offering included the issuance of 3,610,425 flow-through common shares, with 2,129,685 shares designated for Canadian exploration expenses (CEE) at C$2.70 each and 1,480,740 shares for Canadian development expenses (CDE) at C$2.33 each. Proceeds will finance exploration and development at the Keno Hill project in Canada's Yukon Territory.

Alexco Resource Corp. (NYSE American: AXU) has announced a bought deal financing, involving the sale of 1,851,900 common shares at C$2.70 each for Canadian exploration expenses (CEE Flow-Through Shares) and 1,287,600 shares at C$2.33 each for Canadian development expenses (CDE Flow-Through Shares), totaling gross proceeds of approximately C$8.0 million. The funds will be allocated to exploration and development at the Keno Hill project. The offering is expected to close around January 27, 2022, subject to regulatory approvals.