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  2. Share Prices
  3. Phoenix Copper. Share Price
  4. Phoenix Copper. Share News
  5. IN BRIEF: Phoenix Copper seeks to raise up to GBP2.4 million in equity

Pin to quick picksPhoenix Copper. Share News (PXC)

Phoenix Copper. Information

Share Price Information for Phoenix Copper. (PXC)

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Share Price: 15.75
Bid: 15.50
Ask: 16.00
Change: 2.00 (14.55%)
Spread: 0.50 (3.226%)
Open: 13.75
High: 16.25
Low: 13.75
Prev. Close: 13.75
PXC Live PriceLast checked at -

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IN BRIEF: Phoenix Copper seeks to raise up to GBP2.4 million in equity

Fri, 26th Jan 2024 09:53

Phoenix Copper Ltd - developing Empire open-pit copper and silver project in US state of Idaho - Launches share offer to raise up to GBP2.4 million to buy mining and processing equipment. The offer is priced at 11.5 pence per share and will consist of a GBP1.2 million placing, a GBP1.0 million direct subscription, and up to GBP200,000 from a retail offer. The placing will be run as an accelerated bookbuild by brokers Panmure Gordon (UK) Ltd and WH Ireland Ltd as joint bookrunners. Phoenix says the mine equipment is available at a potential "substantial discount" to new value. The company also says it remains in advanced discussions with bond investors for a proposed corporate copper bond to finance construction of the Empire mine.

Current stock price: 10.91p, down 22% in London on Friday morning for GBP4.8 million market capitalisation

12-month change: down 73%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
4 Sep 2023 13:30

IN BRIEF: Phoenix Copper notes metallurgical potential at Empire

Phoenix Copper Ltd - Base and precious metals explorer in the US state of Idaho - Says metallurgical test work at Empire mine shows possible "robust" copper, gold and silver recoveries. Says the test was completed by Forte Dynamics, which consisted of flotation processes as well as sulphuric acid leaching. Adds Navarre Creek drilling campaign is underway, with a total of 9.825 feet drilled so far.

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4 Sep 2023 10:57

Phoenix Copper upbeat on testing results from Empire Mine

(Sharecast News) - US-focussed Phoenix Copper announced successful results from its metallurgical testing at the Empire Mine open pit on Monday.

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17 Jul 2023 13:54

IN BRIEF: Phoenix Copper 2023 Navarre Creek drill programme underway

Phoenix Copper Ltd - Base and precious metals' explorer in the US state of Idaho - Says 2023 drilling programme underway at Navarre Creek exploration project in Custer County, Idaho. Says programme will comprise up to 60 reverse-circulation drill holes from 30 drill pads at the Navarre Creek claim block. Notes drill programme is to obtain a better understanding of mapping, surface geochemistry, mineral imagery and geomagnetic ground surveys.

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23 Jun 2023 15:35

Phoenix Copper extends $2m loan facility

(Sharecast News) - United States-focussed base and precious metals explorer and producer Phoenix Copper updated the market on the short-term $2m loan facility on Friday, which was first announced on 24 March.

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23 Jun 2023 15:25

CORRECT: IN BRIEF: Phoenix Copper extends loan facility

(Correcting that the loan facility is with Riverfort Global Opportunities PCC Ltd, not RiverFort Global Opportunities PLC).

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23 Jun 2023 10:43

IN BRIEF: Phoenix Copper extends loan facility by further three months

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Extends "short-term" USD2.0 million loan facility by a further three months. In March, Phoenix had signed the unsecured three-month loan facility carrying a fixed 4% coupon with High Wycombe, Buckinghamshire-based investment adviser RiverFort Global Opportunities PLC. At the time, it said the facility will strengthen operational working capital before the 2023 exploration season.

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6 Jun 2023 19:37

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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25 May 2023 11:54

IN BRIEF: Phoenix Copper loss widens; says mining sector to normalise

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Pretax loss widens to USD1.6 million in 2022 from USD969,250 in 2021. Records no revenue, unchanged from the previous year. Phoenix Copper expects market volatility to remain until the war in Ukraine reaches a conclusion.

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12 Apr 2023 14:40

Phoenix Copper reports results from Red Star drilling

(Sharecast News) - United States-focussed base and precious metals explorer and emerging producer Phoenix Copper released assay results from the Red Star exploration drilling at the Empire Mine in Custer County, Idaho on Wednesday.

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12 Apr 2023 10:58

Phoenix Copper hails gold and silver find at Empire mine in Idaho

(Alliance News) - Phoenix Copper Ltd on Wednesday announced it completed its Red Star reverse circulation drilling at the Empire mine in Custer County, Idaho.

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24 Mar 2023 15:10

Phoenix takes $2m short-term loan as it finalises copper bonds

(Sharecast News) - US-focussed explorer and producer Phoenix Copper said in an update on Friday that it was finalising discussions with a number of parties to place up to $80m of corporate copper bonds, as it first announced on 8 June.

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24 Mar 2023 10:37

Phoenix Copper in talks to finalise placing of copper-linked bonds

(Alliance News) - Phoenix Copper Ltd on Friday said it was finalising discussions to place up to USD80 million of corporate copper bonds, initially announced in June.

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16 Mar 2023 20:21

TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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16 Mar 2023 15:53

Phoenix Copper pleased with Empire assay results

(Sharecast News) - Phoenix Copper reported assay results from three metallurgical core holes at its Empire open-pit copper project on Thursday, located in Custer County, Idaho.

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12 Jan 2023 21:20

TRADING UPDATES: Arkle finds pegmatites; Apollon win license deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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