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 issuance. The funds are earmarked for advancing construction at the company’s Empire open-pit mine and initiating a new phase of underground exploration drilling. While the financing deal marks a major step forward in Phoenix’s expansion plans, it remains subject to completion of legal documentation and final due diligence.
Strengthening the Foundation for Growth
The proposed bond placement is poised to significantly bolster Phoenix Copper’s financial resources, enabling the company to ramp up its development activities and reinforce its position in the copper production market. The capital will specifically support the infrastructure build-out at Empire Mine and facilitate deeper geological assessment through targeted drilling.
About Phoenix Copper
Phoenix Copper is a growth-focused metals exploration and development firm with a primary focus on copper, gold, and silver. Its operations are centered in the western United States, where it oversees the Empire Mine project in Idaho—an area with a long history of high-grade mineral production, including copper, zinc, silver, gold, and tungsten.
Since acquiring the project in 2017, Phoenix has significantly expanded its open-pit resource estimates and continues to pursue additional exploration opportunities in the surrounding area. The company is positioning itself as a future U.S.-based copper producer with a diversified asset base and a focus on sustainable development.
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