Phoenix Copper (GB:PXC) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Phoenix Copper Ltd has extended its earn-in agreement with Electra Battery Materials for the Redcastle cobalt property in Idaho, pushing its exploration expenditure commitments to 2026 and 2028, with a total investment of $3M required. This agreement allows Phoenix to focus on its main Empire Mine project while Electra advances exploration on the Redcastle property, potentially contributing to North America’s EV battery supply chain. Electra, with a market cap of around $25.6 million, has been drilling on the adjacent Iron Creek property since 2018, which shares a common border with Redcastle.
For further insights into GB:PXC stock, check out TipRanks’ Stock Analysis page.