Phoenix Copper Limited (PXC)

Sector:

Mining

Index:

FTSE AIM All-Share

3.10p
   
  • Change Today:
    -0.40p
  • 52 Week High: 24.50
  • 52 Week Low: 2.75
  • Currency: UK Pounds
  • Shares Issued: 159.07m
  • Volume: 467,184
  • Market Cap: £4.93m
  • RiskGrade: 307
  • Beta: 0.00

Phoenix Copper progressing finance arrangements for Empire Mine

By Josh White

Date: Friday 05 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Phoenix Copper updated the market on its corporate copper bond financing and short-term loan facility on Friday.
The AIM-traded company said it was actively discussing with potential bond investors to finance the Empire open-pit copper mine in Idaho.

It said the needed documents for the creation of the bonds were now finalised, and the bond security was officially recorded with the Custer County Recorder in Challis, Idaho.

Additionally, the bonds had been deposited with the settlement agent.

However, issuing the bonds remained contingent on the successful conclusion of discussions with interested bond investors.

Phoenix Copper also updated stakeholders on the $2m short-term loan facility it announced on 24 March 2023.

The company said it was in negotiations with the lender to expand and convert the facility into a more extensive financial arrangement.

It said the adjustment aimed to increase working capital, potentially for purposes beyond constructing the Empire open-pit copper mine.

While there were no guarantees at this stage, Phoenix Copper's board said it was confident that the bond financing would ultimately materialise and the facility would be transitioned into a more extensive one.

At 1322 GMT, shares in Phoenix Copper were down 1.27% at 18.51p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PXC Market Data

Currency UK Pounds
Share Price 3.10p
Change Today -0.40p
% Change -11.43 %
52 Week High 24.50
52 Week Low 2.75
Volume 467,184
Shares Issued 159.07m
Market Cap £4.93m
Beta 0.00
RiskGrade 307

PXC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.01% above the market average82.01% above the market average82.01% above the market average82.01% above the market average82.01% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
93.48% below the market average93.48% below the market average93.48% below the market average93.48% below the market average93.48% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Income Not Available
Growth Not Available

PXC Dividends

No dividends found

Trades for 28-May-2025

Time Volume / Share Price
11:16 27,828 @ 3.50p
11:03 72,318 @ 3.45p
11:03 28,869 @ 3.45p
11:03 30 @ 3.50p
11:03 8,000 @ 3.50p

PXC Key Personnel

CFO Richard Wilkins
CEO Ryan McDermott

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