Alexco Reports 43% Expansion of Bermingham Indicated Resource to 47 Million Ounces of Silver at 939 Grams per Tonne; Remains Open

Alexco completes a significant drilling program on Bermingham Northeast Deep in 2021. Expands the mineral reserve by 22% to 1.44 million tonnes, and completes the first silver-rich concentrate shipment in January.

Alexco announces commissioning and initial concentrate production at Keno Hill. The company receives final water use License for Keno Hill and is moving forward with final development of its mines. The company also amends streaming agreement with Wheaton. ERDC completes the environmental assessment process for the Keno Hill Closure Plan. Alexco Environmental Group was sold in February 2020.

Alexco files positive independent pre-feasibility study for expanded silver production at KHSD, completes surface infrastructure projects at Bermingham, and advances the KHSD to the final permitting stage by receiving the Quartz Mining License for the KHSD in Q4. The Company completes over 11,000 m of surface exploration and intercepts high-grade mineralization at the Bermingham Deep target.

At Bermingham, Alexco expands the silver mineral resource estimate by 91%, completes 550 meters of advanced exploration decline and over 4,000 meters of underground exploration drilling. At Flame & Moth, Alexco completes over 450 meters of underground development. The Company also completes over 15,000 meters of surface exploration drilling and identifies new target areas at Bermingham and Flame and Moth.

Alexco Expands Bermingham’s indicated mineral resource to 17 Moz silver and announces positive Preliminary Economic Assessment for expanded silver production at KHSD. The Company also amends Wheaton Precious Metals silver purchase agreement.

Alexco updates the positive Preliminary Economic Assessment for KHSD and expands Bermingham mineralization. The Company also increases Flame & Moth’s mineral resource estimate by 17% and Bermingham’s mineral resource estimate by 37%.

Alexco announces the interim suspension of operations at the Bellekeno Mine. The Company also publishes a new Preliminary Economic Assessment for Eastern Keno Hill Silver District.

Alexco issued initial resource estimate for Flame & Moth and Bermingham exploration properties, leading to a 52% increase in overall Silver resource.

Alexco begins commercial production at the Bellekeno mine and produces 2 million ounces of silver. The Company discovers the Bermingham deposit, announces initial mineral resource estimates for Lucky Queen and Onek, and significantly expands Flame & Moth’s mineralized zone.

Alexco completes construction of the Bellekeno mine and KHSD mill on time and on budget, announces initial mineral resource estimate of the historic Elsa Tailings, and discovers the Flame & Moth deposit. The Company also expands its environmental services business with new projects in the U.S. and South America.

Alexco Executes silver purchase agreement with Wheaton, securing US$50 million to finance the development of the Bellekeno mine and the construction of the Keno Hill Silver District mill. The Company also Signs a Cooperation Agreement with the First Nation of Na-Cho Nyak Dun.

Clynt Nauman and Brad Thrall found Alexco Resource Corp.  Alexco is awarded environmental services contract and acquires properties in the Keno Hill Silver District in the Yukon. The Company also acquires a Whitehorse-based environmental consulting firm (Access Consulting) later changed to Alexco Environmental Group.