FundedIQ
Natural Resources

Alexco Resource

Alexco owns the historic Keno Hill Silver District, located in Canada's Yukon Territory. The Bellekeno silver mine, one of the world's highest-grade silver mines with a production grade of up to 1,000 grams per tonne, commenced commercial production at the beginning of calendar year 2011 and was Canada's only operating primary silver mine from 2011 to 2013. Alexco is currently in interim suspension of operations at Bellekeno in order to decrease costs and reposition the District for long-term, sustainable operations. Alexco is rapidly exploring other promising high-grade silver prospects on its other District properties, and has discovered two important new deposits - the Flame & Moth and Bermingham. Three mines are already well into development, with a fourth waiting for a development decision. The continuing discoveries of some of the largest deposits ever in the District point to the prolific and prospective nature of Keno Hill. Employing a unique business model, Alexco also provides mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and industry clients through the Alexco Environmental Group, its wholly-owned environmental services division.

www.alexcoresource.com/s/Home.asp Vancouver, Canada 51-100 employees
Total raised
$19.5M
Latest round: +205% of prior total
Rounds
2
Latest
Post-IPO Equity
Apr 2022

Alexco owns the historic Keno Hill Silver District, located in Canada's Yukon Territory. The Bellekeno silver mine, one of the world's highest-grade silver mines with a production grade of up to 1,000 grams per tonne, commenced commercial production at the beginning of calendar year 2011 and was Canada's only operating primary silver mine from 2011 to 2013. Alexco is currently in interim suspension of operations at Bellekeno in order to decrease costs and reposition the District for long-term, sustainable operations. Alexco is rapidly exploring other promising high-grade silver prospects on its other District properties, and has discovered two important new deposits - the Flame & Moth and Bermingham. Three mines are already well into development, with a fourth waiting for a development decision. The continuing discoveries of some of the largest deposits ever in the District point to the prolific and prospective nature of Keno Hill. Employing a unique business model, Alexco also provides mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and industry clients through the Alexco Environmental Group, its wholly-owned environmental services division.

Alexco Resource has raised $19.5M across 2 rounds. Its most recent round was a Post-IPO Equity of $13.1M in Apr 2022. Full funding history, investors, and team are detailed below.

Funding history

2 rounds · 1 visible Unlock with plan

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Date
Round
Amount
Lead investor
Apr 11, 2022
Post-IPO Equity
$13.1M

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