Phoenix Copper Limited (LSE:PXC) has entered into a Letter of Intent with a U.S.-based investor for a proposed $75 million corporate copper bond placement. The proceeds are earmarked for the construction of the Empire open-pit mine and the initiation of an underground drilling program—key steps in expanding the company’s operational scope. While the agreement marks a significant milestone in Phoenix’s growth strategy, finalization remains subject to due diligence and completion of legal documentation.
This funding initiative is expected to accelerate development timelines and bolster Phoenix Copper’s strategic positioning in the base and precious metals market.
About Phoenix Copper Limited
Phoenix Copper is a growing exploration and mining company focused on extracting copper, gold, and silver from its U.S.-based assets. Its flagship project, the Empire Mine in Idaho, has a long-standing history of high-grade metal production, including copper, gold, silver, zinc, and tungsten. Since acquiring the property in 2017, Phoenix has substantially increased the open-pit resource and continues to explore additional opportunities across its portfolio of regional projects.
Leave a Reply