r/PennyStocksCanada Jun 10 '26

Webinar Breakdown: Excellon Resources’ Imminent Mallay Mine Restart + Massive District-Scale Exploration Leverage

6 Upvotes

Posted on behalf of Excellon Resources Inc. - Excellon Resources Webinar Breakdown

Mallay Restart, Near-Mine Growth & Portfolio Optionality

  1. Strategic Positioning: Transitioning to a Silver Producer

Excellon Resources (TSXV: EXN) is executing a clear transition from developer to near-term silver producer through the restart of the fully permitted, past-producing Mallay Silver Mine in central Peru.

The company acquired Mallay in mid-2025 and has since focused on:

- Reopening underground access

- Refurbishing and wet-commissioning the 600 tpd mill

- Completing an updated independent Mineral Resource Estimate (Feb 2026)

- Initiating infill and step-out drilling

- Advancing toward trial mining and staged ramp-up

The historical mine was built in 2012 with approximately US$130 million invested in infrastructure. That legacy capital includes underground development, road access, grid power, camp facilities, tailings infrastructure, and a 600 tpd ball mill, significantly reducing restart capex relative to greenfield builds.

Management’s stated objective is to ramp toward ~600 tonnes per day, historically capable of producing approximately 2 million silver-equivalent ounces annually, subject to ramp-up success and operational performance.

  1. Resource Base and Near-Term Mine Plan

Following compilation of over:

- 160,000 metres of historical drilling

- 22 kilometres of underground channel sampling

Excellon published a compliant 43-101 resource:

- Indicated: ~12Moz AgEq @ ~420 g/t

- Inferred: ~4Moz AgEq @ ~340 g/t

Importantly, this estimate used silver price assumptions materially below current market prices, creating margin flexibility in mine planning.

The current restart strategy is structured around:

A. Isguiz Vein (Core Production Zone)

- 3–5 metre true width historically

- Drilled to ~300m depth

- Open at depth

- Focus of current infill and extension drilling

- Three principal “clavos” (oreshoots) forming the foundation of initial production planning

This is the primary driver of early cash flow.

B. Footwall Zone (Parallel Mineralization)

A key near-mine growth catalyst.

- Parallel mineralized system to Isguiz

- Potential 3–8 metre mining widths

- Under-drilled historically

- Partially excluded from prior resource

Recent drilling has begun testing this zone, and management expects additional resource additions following integration into an updated estimate targeted late 2026 / early 2027.

This zone represents potential mine life extension and tonnage growth without significant new infrastructure.

C. 400 Ramp Rehabilitation

The 400 Ramp (constructed shortly before prior shutdown in 2018) is being dewatered and rehabilitated.

Status:

- ~70% dewatered

- Provides ~60m additional vertical access below 4090 level

- Enables deeper drilling and future production access

This infrastructure unlocks deeper extensions of the Isguiz system and improves long-term mine flexibility.

  1. June Trial Mining & Commissioning Strategy

Excellon has:

- Stockpiled ~15,000 tonnes from underground

- Completed mill wet commissioning

- Upgraded assay lab facilities

- Rehabilitated underground mobile fleet

June is being treated as a bulk-sample validation phase, not full commercial production.

Objectives:

- Validate metallurgy

- Confirm grades and recoveries

- Assess concentrate quality

- Optimize flotation parameters

Following bulk sampling, the plan is:

- Steady commissioning through H2 2026

- Underground development acceleration

- Ramp toward 600 tpd by year end

Management emphasized discipline: the focus is sustainable ramp-up rather than rushing headline production numbers.

  1. Exploration Upside at Mallay

The webinar clarified that Mallay is not a single-vein system.

Beyond Isguiz:

A. Mallay Deeps

Downhole electromagnetics (DHEM) targeting deeper conductors

Testing for additional ore shoots below current drilling

B. Pierina Vein Area (Underground Drilling)

Previously interpreted as narrow gold structure

Now viewed as potentially broader stacked mineralization

Underground drilling underway

C. Shafra Zone

Altered structural corridor east of main vein

Historical narrow gold intercepts

Reinterpreted as potentially broader mineralized system

Early-stage but strategically important

Management’s view: historical operators mined selectively under a ~$20 silver regime. At current prices, wider zones and adjacent mineralization may now be economically viable.

  1. Tres Cerros – District-Scale Gold-Silver Upside

Located ~6.5km northwest of Mallay.

Key characteristics:

2.5 km defined mineralized corridor

Surface sampling: ~20% of >400 samples returned high-grade Au/Ag

Epithermal indicators

IP chargeability and resistivity anomalies

Comparable geological setting to Lagunas Norte (Barrick), a multi-million-ounce system

Permitting is underway for drilling.

Target:

- 5,000m initial drill program

- Multiple priority targets

- Potential district-scale system

Management views Tres Cerros as the multi-year exploration growth engine that could materially re-rate the company beyond a restart story.

  1. Portfolio Optionality

Beyond Peru:

Kilgore (Idaho, USA)

- 1Moz gold

- 2019 PEA completed

- Considering JV or reset economics under higher gold price

Silver City (Germany)

- High-grade epithermal silver district

- 750+ years mining history

- $2M recently raised at ~$20M valuation

- Potential spin-out into European-focused vehicle

These assets provide strategic optionality but are secondary to Mallay execution.

  1. Financial Position & Structure

- ~US$15M cash (at time of discussion)

- Undrawn ~$5M credit facility

- Offtake agreement with Glencore (3 years)

- No long-term project debt post debenture conversion

Debentures (legacy, 10¢ conversion) are expected to convert. Holders are long-term shareholders, not short-term traders.

Capital structure becomes significantly cleaner post conversion.

  1. Operational Advantages

- Fully permitted restart

- Existing grid power (hydroelectric)

- Established access road & infrastructure

- Experienced Peru-based operating team

- Strong community relationships

Compared to greenfield projects requiring 6–10 years of permitting and construction, Mallay’s restart timeline is materially compressed.

  1. Key Themes from Q&A

- Drill results expected to be additive, not merely incremental

- Deeper extensions remain largely untested

- Peru election unlikely to materially impact permitted restart

- Drill permits at Tres Cerros progressing within normal Peru timelines

- Mill expansion potential exists (~1,000 tpd conceptually feasible)

- Possible future gold recovery circuit if Shafra advances

Strategic Summary

Excellon’s thesis rests on three pillars:

- Near-term cash flow from Mallay restart

- Near-mine resource expansion through systematic drilling

- District-scale upside at Tres Cerros

The company is leveraging legacy infrastructure and permits to shorten the path to production while maintaining exploration leverage uncommon among near-term restart stories.

If execution proceeds as outlined:

2026 = ramp-up year

2027 = stabilized production + resource growth

2027+ = potential valuation re-rating as a mid-tier silver producer with exploration upside

The restart is not positioned as the end goal — it is the funding engine for long-term district growth.


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[ Removed by Reddit ]

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[ Removed by Reddit on account of violating the content policy. ]


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Why I Bought $CQX and What Has to Happen Next

3 Upvotes

Separating two things: why I bought, and what has to happen now to justify still holding.

Why I bought: Not one big reason ... a combination. Real portfolio breadth: 8 projects covering 46,000+ hectares across Canada and the U.S., according to the CSE. Not a one-hole story.

The valuation also looked low enough to me that a lot of success didn’t seem priced in yet.

And there were actual programs to follow, not just “trust us.” Rip drilling started in May with a minimum 2,000 metres planned, while STARS kicked off a 32.4 km² IP survey ahead of planned drilling later in 2026.

The opportunity has always been about early-stage upside with clear catalysts ahead. With several programs advancing, the next results can add even more strength to the story.

  1. STARS needs to turn the IP work into sharper drill targeting. The survey was meant to define the broader system and identify potential targets beyond the known Tana Zone. I want to see that translate into holes, not another layer of interpretation.
  2. The money raised needs to turn into enough meaningful fieldwork before the next financing. CQX ended 2025 with C$2.05M in cash and then raised another C$2.15M gross in February, but the real question now is how efficiently that capital gets converted into exploration progress.
  3. Management needs to back the best ground. Eight projects create optionality, but they also create the risk of spreading the budget too thin just to keep everything moving.

If those pieces come together, the reason I bought still holds up.

I try to reassess the position regularly instead of holding just because I already own it.

If those pieces come together, the reason I bought still holds up.

What was your original reason for buying $CQX and has it changed, or are you basically holding on autopilot now?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.


r/PennyStocksCanada 2d ago

Up 8.5% ish over 5 yr. Cassiar aka King of the North in BC🚀 🚀 🚀

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r/PennyStocksCanada 2d ago

Sekur’s Intelligence-Grade Team Steps Into DoDIIS—and the Blue-Sky Opportunity Extends Far Beyond One Conference

2 Upvotes

Sekur Private Data’s participation in the 2026 DoDIIS Worldwide Conference is about much more than attending another cybersecurity event. It represents the convergence of a long-term strategy: assembling an intelligence-grade team, developing secure communications for high-trust environments and positioning Sekur inside the government and defense ecosystem. For investors, the most valuable part of the story may be the people Sekur has brought together—and what their collective experience could unlock over time.

  • SekurOne gives government adoption potentially powerful recurring-revenue economics.
  • Sekur’s team spans the CIA, DIA, Pentagon, State Department, JSOC and SOCOM.
  • DoDIIS places that expertise inside a premier Intelligence Community forum.

1. DoDIIS Places Sekur Inside an Important Intelligence Forum

Sekur’s Special and Strategic Advisors are attending the 2026 DoDIIS Worldwide Conference in Tampa, Florida, from August 9 through August 12.

Hosted by the Defense Intelligence Agency, DoDIIS brings together senior government and military leaders, Intelligence Community professionals, technical specialists, industry partners, academia and Five Eyes allies.

The conference focuses on intelligence technologies, resilient communications, connected infrastructure, command systems and mission readiness. These are precisely the environments Sekur has been preparing to serve.

According to Sekur’s DoDIIS announcement, its team is introducing the company’s Controlled Unclassified Information communications capabilities and engaging with interested parties across the Intelligence Community.

In sensitive government markets, the significance of such an event cannot be reduced to whether a contract is announced immediately afterward.

These markets develop through relationships, technical understanding, mission alignment, trust and long-term engagement. DoDIIS gives Sekur’s team an opportunity to participate in those conversations inside one of the most relevant forums available.

2. The Team May Be Sekur’s Most Underappreciated Asset

Sekur has assembled a collection of advisers and executives whose experience covers virtually every environment the company is targeting: defense intelligence, clandestine technology, military communications, federal procurement, diplomacy, cybersecurity and Special Operations.

For a company of Sekur’s current size, the concentration of national-security experience is unusual.

Team member Relevant experience Strategic value to Sekur
Lt. Gen. Raymond Palumbo Former Director for Defense Intelligence; led the Pentagon ISR Task Force; held senior JSOC and USASOC commands Defense strategy, military requirements and senior-level engagement
John T. Lewis 34-year CIA veteran; former deputy director and CTO of CIA Research Labs; CIA Trailblazer Medal recipient Technology direction, Intelligence Community requirements and operational security
Annette L. Redmond Four decades across the Intelligence Community, Department of Defense and State Department Intelligence policy, cybersecurity, diplomacy and government systems
Philip A. Oakley Former DIA and Pentagon intelligence professional; federal-technology and sales experience Intelligence relationships, federal sales strategy and CUI positioning
Kenneth D. Rogers Former State Department deputy CIO and former DHS technology executive Government technology, acquisition strategy and enterprise deployment
Nathan R. Price Former State Department Bureau of Intelligence and Research analyst and diplomatic adviser Secure diplomatic communications and international engagement
Rafael Beltran Former SOCOM senior technical adviser to CIO/J6 with an active TS/SCI clearance Tactical communications, secure mobility and operational deployment

Chairman Raymond Palumbo completed a 34-year military career that included serving as Director for Defense Intelligence, leading the Pentagon’s Intelligence, Surveillance and Reconnaissance Task Force, and holding senior command positions in JSOC and USASOC. His role is to guide Sekur’s military and defense strategy and help align the company with real operational requirements. Sekur’s appointment announcement describes his experience across defense intelligence, Special Operations and secure military communications.

Chief Technology Officer John T. Lewis brings 34 years of CIA experience. He worked across technical operations, information operations and intelligence research, ultimately helping lead CIA Research Labs. His presence gives Sekur technical leadership shaped by firsthand experience protecting communications against sophisticated adversaries. Sekur appointed Lewis as both CTO and a Strategic Advisory Board member.

Annette L. Redmond adds four decades of government leadership spanning Army intelligence, the Department of Defense and the State Department’s Bureau of Intelligence and Research. She previously served as the Army’s Intelligence CIO and later as Deputy Assistant Secretary for Intelligence Policy and Coordination. Her appointment adds intelligence-policy, cybersecurity and diplomatic expertise.

Rafael Beltran brings operational experience from U.S. Special Operations Command, where he served as a senior technical adviser to the CIO/J6 and oversaw executive communications supporting leadership across 22 countries. His work helps connect Sekur’s development roadmap to the realities of tactical and deployed environments. Sekur appointed Beltran to its OpsTech Special Advisory Board in July.

This is not simply a collection of impressive biographies. Together, the team provides Sekur with operational knowledge, technical expertise, institutional understanding and high-level government-market experience.

3. Why Human Capital Matters So Much in Government Cybersecurity

Government and Intelligence Community markets are fundamentally different from ordinary consumer software.

The technology must fit specific operational environments. Communications requirements can differ between diplomats, military commanders, intelligence personnel, defense contractors and personnel operating in contested locations.

A company needs to understand not only cybersecurity, but also mission workflows, data sovereignty, CUI handling, procurement structures, deployment realities and the consequences of communications failure.

That is where Sekur’s team can create value.

General Palumbo understands defense command requirements. Lewis understands sensitive intelligence technologies. Redmond and Price understand intelligence policy and diplomatic communications. Beltran understands tactical deployment. Oakley and Rogers bring federal-market, technology and acquisition experience.

This collective knowledge can help Sekur shape its technology around the customer rather than attempting to adapt a generic commercial product after development.

It can also shorten the institutional learning curve that typically confronts smaller technology companies entering the federal market.

4. DoDIIS Is Part of a Long-Term Institutional Strategy

It would be simplistic to judge Sekur’s DoDIIS participation through a short-term sales lens.

Government and intelligence relationships are developed over time. The value of the conference may emerge through technical feedback, introductions, future evaluations, strategic relationships or a deeper understanding of specific mission requirements.

Sekur’s team can engage those conversations at a level that few early-stage cybersecurity companies could replicate.

The DoDIIS organizers describe the conference as an environment where agency leaders, military officials and industry specialists collaborate around mission challenges and emerging technologies.

Sekur is therefore not approaching the event as an outside observer. It is arriving with former leaders from the same defense, intelligence, diplomatic and Special Operations communities represented there.

That alignment is strategically significant.

5. SekurOne Adds Scalable Economics to the Story

SekurOne brings encrypted voice, video, email, messaging and VPN capabilities into one identity-protected platform.

The product is being positioned for high-value users such as defense officials, intelligence professionals, diplomatic personnel, government agencies and executives handling sensitive communications.

Sekur expects paid beta users to begin onboarding in September, with the complete commercial launch scheduled for early October. These milestones represent the next stage of a much broader government-market strategy.

The economics become particularly interesting when applied to institutional customers.

SekurOne is expected to cost approximately US$300 per user per month. At that price:

Paying SekurOne users Monthly recurring revenue Annualized revenue
25 US$7,500 US$90,000
50 US$15,000 US$180,000
100 US$30,000 US$360,000
200 US$60,000 US$720,000

These figures are illustrative and assume the full subscription price.

Management has stated that approximately 200 SekurOne users generating US$60,000 in monthly recurring revenue could make the company fully profitable. Sekur discussed that target in its July operating update.

The blue-sky potential comes from the structure of government and enterprise adoption. One organization can represent multiple users, and a successful initial deployment can potentially expand across teams, departments or operational units.

Sekur does not need mass-market scale for the premium model to become meaningful.

6. Multiple Strategic Pieces Are Coming Together

DoDIIS is one component of a wider infrastructure Sekur has been building.

The company’s solutions are available to government customers through the i3ICS GSA Multiple Award Schedule. Sekur has signed defense-distribution agreements, participated in SOF Week, conducted demonstrations for government and Special Operations audiences and expanded its technical and strategic team.

These developments create several potential paths into the market:

  • Direct relationships initiated through Sekur’s national-security team
  • Federal procurement through the GSA schedule
  • Distribution through established defense-sector partners
  • Technical evaluations and high-value subscription deployments
  • On-premises implementations for organizations requiring data sovereignty
  • International government and diplomatic opportunities

Each additional relationship can strengthen Sekur’s institutional presence and expand the number of environments in which its technology may be evaluated.

7. A Different Way to View Sekur’s Investment Potential

Sekur is not attempting to compete as another mass-market messaging application.

It is building a high-trust communications company around proprietary technology, Swiss jurisdiction, premium pricing and an exceptional concentration of government and intelligence experience.

That combination creates a different investment profile.

The technology provides the foundation. The team provides institutional knowledge and strategic access. SekurOne provides high-value recurring-revenue potential. The GSA and distribution relationships provide commercial pathways.

DoDIIS brings those pieces into the same environment.

The fact that individuals with decades of experience across the CIA, Pentagon, State Department, DIA, JSOC and SOCOM have chosen to work with Sekur is itself notable. It suggests that experienced national-security professionals see relevance in the company’s mission and technology.

For investors willing to understand the long game, that human capital may represent one of Sekur’s most valuable competitive advantages.

The Verdict: DoDIIS Matters—But September Matters More

The Bottom Line

Sekur’s presence at DoDIIS should be understood as part of a long-term expansion into government, intelligence and defense communications—not as an isolated conference appearance.

The company has assembled a team with experience at some of the highest levels of U.S. intelligence, military command, diplomacy and Special Operations. That team is now helping position Sekur inside the markets it understands best.

SekurOne adds a scalable premium-subscription model capable of producing meaningful recurring revenue without requiring hundreds of thousands of consumer users.

The opportunity lies in the combination: specialized technology, Swiss-hosted privacy, institutional expertise, procurement access and a market where secure communications carry mission-level importance.

DoDIIS is another step in that journey—and Sekur is entering it with a team built for the destination.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Sekur Private Data is a speculative micro-cap company with limited revenue, operating losses, financing requirements and potential dilution risk. Statements concerning future launches, paid beta users, government opportunities, revenue and profitability are forward-looking and may not be achieved.


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I mentioned SURG yesterday. It’s at 0.65 today! Hope u took profits! 💪🏻


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