 VANCOUVER, BC, June 3, 2021 PRNewswire - Alexco Resource Corp. NYSE American: AXU TSX: AXU Alexco or the Company is pleased to announce that it has entered into an agreement with a syndicate of underwriters the Underwriters pursuant to which the Underwriters have agreed to purchase on a bought deal basis 7,143,000 common shares of the Company the Shares at a price of C3.50 per Share the Offering Price for aggregate gross proceeds of approximately C25 million the Offering. The Underwriters also have an option to purchase that number of additional Shares equal to 15 of the number of Shares sold pursuant to the Offering at Offering Price, for market stabilization purposes and to cover over-allotments for a period expiring 30 days after the date of closing. 