VANCOUVER, BC, Jan. 28, 2021 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (" Alexco" or the " Company") announces that it has closed the previously announced flow-through bought deal public offering (the " Offering") with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation as joint bookrunners, and including R.F. Lafferty & Co. Inc. and A.G.P./Alliance Global Partners (collectively the " Underwriters"). With full exercise of the Underwriters' over-allotment option, the Company has issued a total of 2,704,770 "flow-through" common shares (the " Flow-Through Shares") for gross proceeds of $11,700,666. The Flow-Through Shares are comprised of (i) 2,053,670 shares issued as "flow-through shares" with respect to "Canadian exploration expenses" (the "