Eric Sprott Loads Up on Excellon Resources (TSXV: EXN) – Snaps Up $182K at $0.41 After $5M Financing as High-Grade Silver Restart Story Accelerates at Mallay
Posted on behalf of Excellon Resources Inc. - Eric Sprott has increased his position in Excellon Resources Inc. (TSXV: EXN | OTC: EXNRF), purchasing approximately $182,000 of stock in the open market during the recent pullback around $0.41.
This follows his participation in Excellon’s recent $5M bought deal financing at $0.60, bringing his ownership to approximately 9.09%.
Open-market buying — particularly following a sizeable financing — signals conviction at lower levels.
Why It Matters
Excellon recently filed its NI 43-101 technical report for the Mallay Silver-Lead-Zinc Mine in Peru, outlining:
Indicated Resources:
• 890,000 tonnes grading 195 g/t Ag, 3.33% Pb, 4.83% Zn
• 5.57 Moz silver, 65 Mlbs lead, 95 Mlbs zinc
Inferred Resources:
• 362,000 tonnes grading 149 g/t Ag
• 1.74 Moz silver
Total AgEq Resource:
• 12.01 Moz @ 420 g/t AgEq (Indicated)
• 4.00 Moz @ 344 g/t AgEq (Inferred)
Mallay is a fully permitted, past-producing underground mine with a 600 tpd mill and extensive historical drilling (166,000+ metres), providing a strong foundation for restart planning.
A 10,000-metre infill and extension program is underway, targeting resource upgrades and near-mine expansion, including the Footwall and Shafra zones.
Strategic insider buying at scale, a compliant high-grade silver resource, a permitted processing facility, and active drilling for expansion position Excellon as a restart story with embedded upside — now drawing renewed backing from one of the sector’s most recognized investors.
Posted May 6, 2026, 9:40 PM UTC