Alexco Resource Corp. announced non-brokered private placement of 7,473,495 common share at a price of CAD 1.75 per unit for gross proceeds of CAD 13,078,616 on April 11, 2022. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the conditional approval of the Toronto Stock Exchange and NYSE American.

The Shares being issued pursuant to the Offering are subject to a statutory hold period expiring four months and one day after closing of the Offering. It is expected that the closing of the offering will occur on or about April 13, 2022.