Alexco Moves Forward to Production at Keno Hill
Alexco Resource Corp Common Shares (Canada) (AXU)
NASDAQ:AMEX Investor Relations:
alexcoresource.com/investors/overview-1
Company Research
Source: PR Newswire
Alexco Also Announces Receipt of Draft Water Use License and Changes to Silver Streaming Agreement(All amounts expressed in Canadian Dollars unless otherwise indicated) VANCOUVER, BC, June 24, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE American/TSX: AXU) ("Alexco" or the "Company") is pleased to announce that it has received a draft amended and renewed water use license (the "WUL") for the Keno Hill Silver District (the "District" or "Keno Hill") from the Yukon Water Board. With the draft terms and conditions of the water license now issued and established (please see Appendix I hereto for details of certain terms of the draft WUL), the Company is moving forward with final development of its mines at Keno Hill, anticipating initial concentrate production and silver sales in Q4 2020. The Company has also entered into a non-binding term sheet (the "Term Sheet") to beneficially amend its silver purchase streaming agreement with Wheaton Precious Metals Corp. ("Wheaton"). Keno Hill C
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