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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
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TRADING UPDATES: Atome's Paraguay progress; Severfield trades in-line

Thu, 08th Sep 2022 21:56

(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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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Signs two deals in Paraguay. "The memorandums of understanding are timed to coincide with the Invest in Paraguay conference currently being held by the Government of Paraguay in association with the Inter-American Development Bank and at which Atome's Chair, Peter Levine, is speaking," Atome says. Says approached by National Civil Aviation Authority of Paraguay, or DINAC, with view of using sustainable aviation fuels as part of decarbonisation plans. "A memorandum of understanding has now been signed between Atome and Dinac and Una under which the parties have agreed to work together with a view to identifying the potential for use of the company's products in the airports of Paraguay as well as co-operation on research projects and educational events promoting the benefits of the green fuels produced by the company," Atome says. Also strikes deal with Paraguay River & Maritime Shipowners Centre to examine how Paraguay's barge fleet can replace expensive diesel imports with use of domestically produced green fuels.

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Severfield PLC - Thirsk, England-based structural steelmaker - Says performance in first five months of year ending March 25, 2023 in line with internal expectations. Says "several ongoing contracts expected to deliver significant profits in H2". "Whilst we remain mindful of the macro-economic backdrop and particularly the inflationary pressures which are expected to continue for the foreseeable future, we are continuing to manage these well. Given the group's performance to date and the current visibility of future workload for delivery in the remainder of the 2023 financial year, we continue to expect to deliver further progress and a full year performance which is in line with our previous expectations," Severfield says.

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Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Says drilling at Empire open pit copper mine began in June. Aims to "further the company's understanding of metallurgical recovery using ammonium thiosulfate reagent". Says exploratory drilling in the North Pit/Red Star area to begin next week Thursday.

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Agronomics Ltd - Isle of Man, UK-based cellular agriculture company - Portfolio firm Bond Pet Foods Inc completes Series A financing round, raising USD17.5 million. Agronomics invested in firm back in September through USD150,000 convertible promissory note. Note now converted into 531,692 series A preferred shares, which represent 1.9% of ownership.

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HealthBeacon PLC - Dublin-based digital therapeutics company developing project for managing injectable medications - Launches HB Smart Pills Management System, designed to manage pill regimens. "The HB Smart Pills solution is an elegant device designed to fit into a patient's home managing up to nine oral medications and integrates seamlessly with the Company's existing technology platform. The innovative HB Smart Pills solution notifies the patient when prescription refills are required and records visual images of pill containers to ascertain medication adherence," company says.

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4Global PLC - London-based data, services and software for sporting events and the promotion of physical activity - Updates on progress with strategic priorities. These include landing new clients, expanding deals with existing customers, growth in North American and European markets, turning to targeted acquisitions and also eyeing data commercialisation. Says "North America and EU entry secured". On acquisitions, it says: "In line with its stated strategy of potentially acquiring profitable GBP1-3 million turnover companies, management has identified a number of technology and data companies which are of interest. Key criteria for any potential acquisition remains that they would allow 4GLOBAL to grow its client portfolio in key target geographical markets whilst at the same time bring complementary data and technology."

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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Handed final approval by French government to acquire waste-to-energy gasification plant in Villers-sous-Montrond, France. "Eqtec France has launched an accelerated construction and commissioning programme to upgrade the plant. Once operational, the plant is expected to be France's largest ever combined heat and power gasification project, transforming 45,000 tonnes of mixed wood waste and refuse-derived fuel for export of clean electricity to the national grid, with the option of increasing its production capacity in future," company adds. Construction to begin in first quarter of 2023.

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Best of the Best PLC - London-based operator of weekly online raffle competitions - Signs non-binding letter of intent with Globe Invest Ltd. Duo will enter into licensing and distribution agreement, as well as marketing and collaboration pact. Best of the Best will exclusively license to Globe its business model, concept and related services to non-UK territories. "The marketing and collaboration agreement will allow GIL to promote BOTB content in the UK non-exclusively," Best of the Best says. "The parties will also discuss and agree cross-promotional commitments in connection with each party's products and services." In addition, Globe plans to acquire 30% strategic interest in Best of the Best. Stake will be acquired from firm's largest and founding shareholders, William Hindmarch and Rupert Garton. Hindmarch is Best of the Best's chief executive and Garton commercial director. Hindmarch currently holds 32% and Garton 9.1%. Following transaction, they will own 12% and 3.4%, respectively.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 Mar 2024 16:49

IN BRIEF: Phoenix Copper buys pre-owned ball mills for USD1.1 million

Phoenix Copper Ltd - London-based mining company with projects in Sweden, Finland and Kosovo - Says it has finalised the purchase of two pre-owned ball mills for its Empire project in Idaho, US. The equipment, which cost a total of USD1.1 million, is expected to be transported to Idaho in the summer. It was bought at a USD6 million to USD7 million discount.

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

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19 Feb 2024 15:43

Phoenix Copper agrees equipment purchase, loan refinancing

(Sharecast News) - Phoenix Copper updated the market on the acquisition of equipment for its Empire open-pit mine in Idaho on Monday, along with the refinancing of its short-term loan facility.

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31 Jan 2024 21:42

EARNINGS AND TRADING: Asia Strategic loss narrows; Verici Dx grant win

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

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26 Jan 2024 12:35

IN BRIEF: Phoenix down after successful GBP2.7 million equity raise

Phoenix Copper Ltd - Base and precious metals explorer developing Empire open-pit copper and silver project in US state of Idaho - Raises GBP2.7 million via the placing of 14.1 million shares and a subscription of 9.0 million shares, both at an issue price of 11.5p each. In addition, the company is providing retail investors the chance to subscribe for up to 1.7 million offer shares at the issue price to raise a further GBP200,000. The retail offer closes January 31. On Friday morning, Phoenix announced its intention to raise approximately GBP2.4 million through the issue of new shares and the retail offer. The placing was run as an accelerated bookbuild by brokers Panmure Gordon (UK) Ltd and WH Ireland Ltd as joint bookrunners.

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26 Jan 2024 09:53

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

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.

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18 Jan 2024 14:22

Phoenix Copper down as Empire mine feasibility study nears completion

(Alliance News) - Phoenix Copper Ltd on Thursday said that the study will be a "significant milestone" for the company, which will push the under-explored project towards completion.

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5 Jan 2024 12:11

Phoenix Copper progressing finance arrangements for Empire Mine

(Sharecast News) - Phoenix Copper updated the market on its corporate copper bond financing and short-term loan facility on Friday.

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5 Jan 2024 10:18

Phoenix Copper reaches final stage in bond issue to fund Empire mine

(Alliance News) - Phoenix Copper Ltd on Friday said that it is at "advanced stage" negotiations with investors for the proposed copper bond financing of its Empire mine project.

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11 Dec 2023 14:36

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

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.

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20 Nov 2023 17:58

TRADING UPDATES: Begbies to meet expectations; McBride shines

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

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24 Oct 2023 14:40

EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution

(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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24 Oct 2023 13:21

Phoenix Copper expands Navarre Creek claims as it assesses drilling

(Sharecast News) - Phoenix Copper updated the market on its 2023 Navarre Creek exploratory drilling programme in Idaho on Tuesday, as it assessed and analysed assay results from 28 reverse circulation (RC) drill holes.

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28 Sep 2023 18:29

EARNINGS: Cizzle Biotechnology loss widens as admin costs mount

(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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