AXU - AXU STOCK NEWS

Alexco Resource Corp. (AXU) announced positive results from its 2021 drilling program at the Bermingham Northeast Deep zone in the Keno Hill Silver District, confirming a 500 m mineralized zone with significant silver grades. The 17,742 m drill program yielded 52 intercepts, with highlights including 3,226 g/t silver over 4.16 m. A revised mineral resource estimate is underway, with 32.96 million ounces indicated. Underground production is ramping up to 400 tonnes per day by Q1 2022, and operational upgrades are in progress. The company also announced the retirement of Vice President Exploration Al McOnie.

Alexco Resource Corp. (NYSE American: AXU) reported its Q3 2021 financial results, revealing revenues of CDN$6,483,000, including CDN$5,959,000 from mining operations. The company transitioned to Bermingham ore with ore production expected to enhance in Q4 2021. Mill throughput was 162 tpd, down from 176 tpd in Q2 2021, while recovery rates averaged 95% for silver. Key exploration results included assays from the Bermingham Northeast Deep Zone reaching 1,681 g/t Ag. Alexco aims for cash self-sufficiency by Q1 2022 as they expand production at Keno Hill.

Alexco Resource Corp. (NYSE American: AXU) will release its third quarter 2021 financial results on November 9, 2021, after market close. An audio webcast conference call is scheduled for November 10, 2021, at 11:00 am Eastern Time. The call can be accessed by dialing toll-free numbers for participants in the US and Canada or internationally. Alexco operates in the Keno Hill Silver District in Yukon, Canada, which is known for its high-grade silver deposits, and is projected to produce approximately 4.4 million ounces of silver annually.

Alexco Resource Corp. (AXU) announced encouraging results from its ongoing Bermingham Northeast Deep drilling program in Yukon, confirming high-grade silver mineralization across a 500-meter zone. The program is approximately 80% complete, targeting over 50 resource intercepts. Significant intersections include up to 14,578 g/t silver across multiple drill holes. Underground development at the Bellekeno mine is on schedule, with production set to transition to the new Bermingham and Flame & Moth mines in Q4 2021. The results are expected to enhance the company's mineral resource estimate.

Alexco Resource Corp. (NYSE American: AXU) reported its Q2 2021 results on August 11, 2021. Key highlights include a 22% increase in mineral reserves at Keno Hill, totaling 1.44 million tonnes with an average of 804 g/t silver. Mill throughput rose by 65% over Q1, reaching 176 tpd with a recovery rate of 93% for silver. Revenues from mining operations were $7.5 million, while the company reported an operating loss of $2.5 million. Cash and equivalents stood at $39.1 million. The company is on track for additional ore production at Bermingham and Flame & Moth in Q3 2021.

Alexco Resource Corp. (NYSE American: AXU) will disclose its Q2 2021 financial results on August 11, 2021, after market close. A conference call is scheduled for August 12, 2021, at 11:00 am ET (8:00 am PT) to discuss these results. Participants can join via a toll-free dial-in or a live audio webcast. Alexco operates primarily in the Keno Hill Silver District in the Yukon Territory and began concentrate production in Q1 2021, targeting an output of approximately 4.4 million ounces of silver annually.

On June 10, 2021, Alexco Resource Corp. (NYSE American: AXU) held its Annual General Meeting, where 70,374,901 votes were cast, representing 49.4% of outstanding shares. All nominated directors were elected, with Clynton R. Nauman receiving 99.3% support. Shareholders approved 74% of unallocated awards under the restricted share unit plan and re-appointed PricewaterhouseCoopers LLP as auditors with 99.7% backing. The company, based in Canada's Yukon Territory, is advancing the Keno Hill silver project, expected to produce an average of 4.4 million ounces of silver annually.

Alexco Resource Corp. (NYSE American: AXU) has successfully closed a bought deal public offering, raising C$28.75 million by issuing 8,214,450 common shares at C$3.50 each. The offering was led by a syndicate of underwriters and included a full exercise of the over-allotment option. Proceeds will support development at the Keno Hill Silver District and bolster general working capital. The offering was conducted under a prospectus supplement dated June 7, 2021 and complies with U.S. Securities Act exemptions.

Alexco Resource Corp. (AXU) announced a bought deal public offering of 7,143,000 common shares at C$3.50 each, raising approximately C$25 million. The underwriters may purchase an additional 15% of shares for stabilization. Proceeds will fund ongoing development at Keno Hill and general corporate purposes. The offering will close around June 10, 2021, pending regulatory approvals. The shares will not be registered under U.S. laws and cannot be offered in the U.S. without exemptions. Alexco operates in the Keno Hill Silver District, expected to produce 4.4 million ounces of silver annually.