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Pin to quick picksPhoenix Copper. Share News (PXC)

Share Price Information for Phoenix Copper. (PXC)

London Stock Exchange
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Share Price: 18.25
Bid: 18.00
Ask: 18.50
Change: 2.25 (14.29%)
Spread: 0.50 (2.778%)
Open: 15.75
High: 18.00
Low: 18.00
Prev. Close: 15.75
PXC Live PriceLast checked at -

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IN BRIEF: Phoenix Copper extends USD2.0 million facility to new year

Mon, 11th Dec 2023 14:36

Phoenix Copper Ltd - Base and precious metals explorer in the US state of Idaho - Extends initial term of short-term USD2.0 million three-month loan facility, first announced in late March before being extended in June by three months and November by two weeks to Friday last week, to a new expiry date of January 2. Says it has requested this to allow further time to conclude ongoing discussions with various investors regarding its proposed corporate copper bond issue. Says: "Although there can be no certainty until the bonds have been issued and settled, the company confirms that these discussions are at an advanced stage and the directors remain confident that the bond issue will close, thus allowing the company to have access to the relevant construction funding when required." Also notes that while the loan facility can be extended until March 31, the unnamed lender is not entitled to convert principal or other amounts into Phoenix Copper shares while the loan remains within the initial term.

Current stock price: 23.85 pence, down 0.6%

12-month change: up 1.5%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Feb 2020 15:03

Phoenix Copper raises $2m through subscription and note issue

(Sharecast News) - North America-focussed base and precious metals explorer and developer Phoenix Copper has raised a total of $2m (?1.54m) before expenses, it announced on Thursday, through a subscription for new ordinary shares and the issue of unsecured loan notes.

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27 Feb 2020 14:16

Phoenix Copper Raises USD2 Million To Fund Red Star Deposit Drilling

Phoenix Copper Raises USD2 Million To Fund Red Star Deposit Drilling

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12 Feb 2020 15:58

Phoenix Copper upbeat on environmental data collected at Empire

(Sharecast News) - North America-focussed base and precious metals exploration and development company Phoenix Copper announced the results of two years of independent baseline environmental data collection and monitoring at the Empire Mine in Idaho on Wednesday.

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12 Feb 2020 09:30

Phoenix Copper Sees No Environmental Issues At Empire Mine

Phoenix Copper Sees No Environmental Issues At Empire Mine

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23 Jan 2020 16:08

Phoenix Copper makes progress with exploration at Red Star

(Sharecast News) - North America-focussed base and precious metals exploration and development company Phoenix Copper announced the results of ongoing exploration at its Red Star silver deposit on Thursday, adjacent to its Empire copper deposit in Idaho.

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16 Jan 2020 17:53

Phoenix Copper Promotes COO Ryan McDermott To CEO Role

Phoenix Copper Promotes COO Ryan McDermott To CEO Role

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13 Nov 2019 12:42

Phoenix Copper Raises GBP850,000 Via Subscription, Loan Note Issue

Phoenix Copper Raises GBP850,000 Via Subscription, Loan Note Issue

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22 Oct 2019 11:31

Phoenix Copper Reports Continued Mineralisation At Empire Mine

Phoenix Copper Reports Continued Mineralisation At Empire Mine

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21 Oct 2019 11:51

Phoenix Copper upbeat on latest report from Idaho mine group

(Sharecast News) - North America-focussed base and precious metals exploration and development company Phoenix Copper announced the publication of a further report by its consultant economic geologist Nigel Maund on the geology and mineral potential of the Red Star and White Knob mine group, along strike to the north of its Empire Mine copper oxide deposit in Idaho.

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16 Sep 2019 12:15

Phoenix Copper Loss Flat In First Half As Empire Development Continues

(Alliance News) - Phoenix Copper Ltd on Monday said its loss in the first half of 2019 remained broadly unchanged as it continued to make progress on the US copper project.The precious and

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1 Aug 2019 15:13

Phoenix Copper New Empire Mine Economic Model Cuts Preproduction Costs

(Alliance News) - Phoenix Copper Ltd on Thursday said it has completed a new economic model for the Empire mine open pit heap leach SX-EW project in the US state of Idaho.The North and said

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8 Jul 2019 12:28

Phoenix Copper Appoints Medea To Arrange Financing For Empire Mine

(Alliance News) - Phoenix Copper Ltd said Monday it has appointed mining finance advisory firm Medea Natural Resources Ltd as its lead financial adviser for the Empire mine open pit in the US of a

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