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The latest update is out from Phoenix Copper ( (GB:PXC) ).
Phoenix Copper Limited has restructured its short-term loan facility, allowing for an additional drawdown of $640,000, an extension until June 2026, and a partial conversion of $676,800 into new ordinary shares. This restructuring provides Phoenix Copper with additional working capital as it continues to place $75 million in corporate copper bonds, potentially strengthening its financial position and supporting its mining operations and exploration activities.
More about Phoenix Copper
Phoenix Copper Limited is an emerging producer and exploration company specializing in base and precious metals, with a focus on copper, gold, and silver extraction from open-pit mining operations in the United States. The company’s flagship asset is the Empire Mine located in the historic Alder Creek mining district near Mackay, Idaho, where it holds an 80% ownership stake. Phoenix Copper has expanded its Empire Open-Pit resource significantly since 2017 and owns additional mining properties in the district, including the Horseshoe, White Knob, and Blue Bird Mines, as well as a high-grade silver and lead orebody at Red Star and the Navarre Creek gold exploration project.
Average Trading Volume: 1,820,291
Technical Sentiment Signal: Sell
Current Market Cap: £6.74M
See more data about PXC stock on TipRanks’ Stock Analysis page.