Alexco Expands Environmental Business in Canada with Acquisition of Contango Strategies Ltd.

June 18, 2018 – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXR) (“Alexco” or the “Company”) is pleased to announce that its wholly owned subsidiary, Alexco Environmental Group Holdings Inc. (“AEG”), has acquired Contango Strategies Ltd. (“Contango”), a private company based in Saskatoon, Saskatchewan, for consideration of $1,388,000 comprising $971,600 in cash and 237,999 common shares of Alexco at a deemed value of $416,400. The common shares were valued at $1.75 per share using a 20 day volume weighted average price per share. Payment will be in two tranches with $1,018,000 (comprising $601,600 in cash paid on closing and $416,400 in Alexco common shares to be issued upon receipt of all requisite regulatory approvals) and the remaining $370,000 cash payment to be made on the first anniversary of the transaction closing.  The acquisition includes all of Contango’s operations including $450,000 in working capital, property, plant and equipment at an estimated value of $330,000 and 20 full-time staff.

Contango specializes in biological (passive, semi-passive and active) water treatment systems for mining, oil and gas, and industrial operations. Contango operates a year-round environmentally controlled pilot-scale facility, which allows for the development, testing and optimization of technologies such as bioreactors and constructed treatment wetlands. Additionally, genetic profiling using Contango’s in-house DNA sequencing facility and microbiology laboratories can detect and identify microbes for applications including bioreactor optimization, corrosion and fouling correction, and environmental remediation.

Jim Harrington, President of AEG commented, “With the addition of Contango’s advanced technology and research facilities it will enable AEG to continue to be leaders in the sector and at the forefront of applied environmental science, especially in mining related industrial applications. The Contango team will not only expand our capacity and bring with it a strong client base but it will enable AEG to provide a much broader and diversified service to the industry.”

Clynt Nauman, CEO and Chairman of Alexco added, “We are very pleased to welcome Dr. Simair, Dr. Friesen and the rest of the Contango team to Alexco and look forward to them being important contributors to the overall growth of AEG. This compelling transaction delivers immediate value to shareholders with annual revenue expected to be in excess of $2.5 million but more importantly, I believe this type of science and technology is the future of environmental remediation and provides AEG with important additional tools to tackle complex environmental issues for our many clients. This transaction is the next step in growing our environmental business and should be viewed as our commitment to see AEG reach its full potential.”

Monique Simair, President and Founder of Contango commented, “We are excited to join the Alexco team and look forward to expanding the range of services offered to our clients. This transaction enables us to contribute Contango’s unique technologies and services to a broader client base and provides, under one banner, a full breadth of water treatment capabilities. Our laboratories and pilot-scale testing facilities will complement AEG’s expertise in the construction and operation of water treatment systems and turn-key environmental site management and remediation.”

About Dr. Monique Simair, PhD, RPBio, PBiol, EP

Dr. Simair holds a PhD in applied microbiology and post-doctoral research associateship in environmental microbiology and biogeochemistry. Dr. Simair’s expertise in bioremediation and passive/semi-passive water treatment has focused on the mining sector and industrial sites, spanning from conceptual design, to technical and public regulatory hearings, through to implementation and long-term closure. Dr. Simair has worked on passive, semi-passive, and biological water treatment systems such as constructed wetlands, bioreactors, and in-situ treatment for mines across North America and some overseas locations. Since founding Contango in 2010, she has grown the company into a thriving water treatment firm with laboratories and dedicated pilot facilities. As a result, she has been named one of Canada’s future entrepreneurial leaders by Profit Magazine (2011) and added to its W100 list of Canada’s top female entrepreneurs (2015).

About Dr. Vanessa Friesen, PhD, EP

Dr. Friesen holds a PhD in applied microbiology and biochemistry and is a Partner and Principal Scientist at Contango.  Dr. Friesen has extensive background in scientific design and testing of biological treatment systems and is regarded by industry as a leading scientist in the discipline of biological treatment of selenium. Dr. Friesen has coordinated the designs and testing for passive and semi-passive water treatment systems and provided specialist support for bioreactor performance monitoring and correction, optimization and enhanced control. Dr. Friesen has led Contango’s internal technology development team for six years, guiding Contango to becoming the first independent company in North America to provide contract genomic microbial profiling for the environmental and water treatment sectors, and maintaining Contango at the forefront of this sector.

About Alexco

Alexco Resource Corp. holds the historical high grade Keno Hill Silver District located in Canada’s Yukon Territory.  Employing a unique business model, Alexco also provides mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and industry clients through the Alexco Environmental Group, its wholly-owned environmental services division.

Contact

Clynton R. Nauman, Executive Chairman and Chief Executive Officer
Jim Harrington, President, Alexco Environmental Group
Lisa May, Director of Investor Relations
Phone:  (778) 945-6577
Email:  lmay@alexcoresource.com

Please visit the Alexco website at www.alexcoresource.com

Some statements (“forward-looking statements”) in this news release contain forward-looking information concerning Alexco’s anticipated results and developments in Alexco’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news. Forward-looking statements may include, but are not limited to, statements with respect to the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, the timing of activities and reports, the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to regulatory approval of the proposed issuance of shares pursuant to the transaction; actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumption that all requisite regulatory approvals will be received in a timely manner, that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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Alexco Environmental Group and Colorado Legacy Land LLC Partner to Cleanup Legacy Uranium Mining and Processing Sites in Central Colorado

April 10, 2018 – Alexco Resource Corp. (NYSE American: AXU, TSX: AXR) (“Alexco” or the “Company”) is pleased to announce that on April 3, 2018 its wholly owned US subsidiary, Alexco Water and Environment Inc. (“AWE”), entered into a Master Services Agreement (“MSA”) with Colorado Legacy Land LLC (“CLL”) to become the Operator of Responsible Charge for the Schwartzwalder Mine and the former Cañon City Uranium Mill reclamation and cleanup projects located approximately 45 miles northwest and 115 miles south of Denver, respectively. The two projects comprise a total of approximately 3,300 acres of freehold land which are subject to a mine reclamation permit and radiation materials licenses.

As part of the MSA, AWE, on a fee-for-service basis, will be responsible for all work to complete the reclamation obligations assumed by CLL associated with the regulatory closure, environmental compliance, investigation and cleanup for the Schwartzwalder and Cañon City properties. The scope of services to be performed by AWE will be jointly developed by CLL and AWE through annual work plans to meet regulatory and cleanup requirements under the Schwartzwalder mining reclamation permit and radiation materials licenses, and the cleanup plan that is being developed under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) process for the former Canon City Mill site. AWE will be responsible for the implementation and execution of all the components within those work plans.

Paul Newman, Managing Director of CLL, commented “Alexco’s experience in mine closure, water treatment, radiation management and cleanup services, and brownfields remediation provides CLL with a partner that can achieve the best remediation outcomes for these sites, and support the best possible reuses that will benefit our neighboring communities. We are pleased to have this expertise to energize these cleanup and reuse projects.”

Clynt Nauman, Alexco CEO and Chairman commented, “We are very pleased to be working with CLL to actively cleanup these long standing and relatively high profile contaminated areas. This long-term agreement is expected to take more than ten years to complete and generate revenue in excess of US$20 million for AWE while underpinning the ongoing growth of our US environmental group. We remain committed to growing our environmental business by providing a range and quality of services to clients across North America, which is complementary to our mining business and cleanup of legacy environmental issues at our Keno Hill Silver District in Yukon, Canada.”

With ongoing growth in both its environmental and mine-related business units, Alexco has strengthened its management structure through the appointment of James Harrington to the position of President of Alexco Environmental Group (“AEG”) where he will be responsible for executive, strategic and technical leadership of AEG and its various subsidiaries. In a related management change, Linda Broughton, currently Vice President, Projects for AEG, will be appointed Vice President, Technical Services for Alexco in support of mining operations at the Keno Hill Silver District. Ms. Broughton will also be appointed to the position of President of Alexco’s subsidiary, Elsa Reclamation and Development Company, where she will lead the implementation of the reclamation and closure plan for the legacy environmental liabilities in the Keno Hill Silver District.

About Alexco

Alexco owns 100% of the high-grade Keno Hill Silver District (“KHSD”) in Canada’s Yukon. Alexco published an updated Preliminary Economic Assessment (“PEA”) in March 2017 which anticipates the sequential development of four high grade silver deposits over an eight year mine life to produce more than a million tonnes with an average grade of 843 grams per tonne (“g/t”), 3.3% lead and 4.2% zinc. Silver production is anticipated to be approximately 3.5 million ounces per year.

Employing a unique business model, the Alexco Environmental Group also provides mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and industry clients.

Contact
Clynton R. Nauman, Chairman and Chief Executive Officer
Lisa May, Director of Investor Relations
Phone: (778) 945-6577
Email: lmay@alexcoresource.com
Please visit the Alexco website at www.alexcoresource.com

Some statements (“forward-looking statements”) in this news release contain forward-looking information concerning Alexco’s anticipated results and developments in Alexco’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the MSA and the economic benefits thereof to AWE, the development of the scope of services to be performed by AWE under the MSA, AWE’s obligations and responsibilities under the MSA and the expected timing for completion of services under the MSA, proposed changes in management of the Company and certain of its subsidiaries, the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, the timing of activities and reports, the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the failure by either party to the MSA to satisfy its obligations pursuant to the agreement, risks related to actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumption that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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Partnering with Yukon College and First Nation of Na-Cho Nyak Dun

AEG Managed Fish Hatchery

emptying-bag-of-chinook-fry

Children carry the fish to Wolf Creek. It’s the start of a 3,000 kilometre migration which will see some fish reach the ocean. After several years, they return to Yukon to spawn. (Philippe Morin/CBC)

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Alexco Environmental Group specializes in mine-related remediation

Alexco Environmental Group Completes Construction of Water Treatment Plant at Gold King Mine in Colorado

AEG successfully commissions Gold King Mine water treatment facility

EPA awards treatment plant design build and operate contract to AEG

Globeville Groundbreaking! Crossroads Commerce Park Launched at Globeville Smelter Site Cleaned up by AEG

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August 20, 2015. AEG representatives participated in the celebration of the completion of the Asarco Globeville Smelter site, and the launching of Trammell Crow’s new Crossroads Commerce Park on land remediated by AEG. By investing its own capital, applying its patented remediation technologies, and in cooperation with brownfields development partner EFG, AEG marks the completion of the active remediation of this brownfields property. 

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Former Asarco smelter site to get new build

Asarco Globeville(Hyoung Chang, The Denver Post)

First phase of construction for the $85 million project for Crossroads Commerce Park to begin immediately following successful brownfield site remediation completion.

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