What is the intended use of proceeds from Phoenix Copper Limited's proposed £2.3m financing?

Proceeds from the proposed £2.3 million financing are earmarked primarily to repay an outstanding US$1.564 million principal under an unsecured convertible loan to Indigo Capital, with the remainder for process design engineering, UK and US operational costs and general working capital.

Phoenix Copper — TickStock

Timeline

Mining Today: Greatland Gold beats FY26 production guidance, Conroy Gold, Phoenix Copper, Oriole Resources, Panther Metals

17:05, 6 Jul 2026

Phoenix Copper raises £2.3m to repay Indigo debt and advance Empire Mine engineering

11:30, 6 Jul 2026

Phoenix Copper seeks funding to complete Empire engineering

09:45, 20 Apr 2026

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Phoenix Copper Limited is a copper-focused exploration and development company with operations in Idaho, USA, primarily advancing the Empire Copper Reserve toward production. The company holds approximately 39 square kilometers of prospective exploration properties in Custer and Lemhi counties, with additional projects targeting copper, gold, silver, cobalt, and other base metals. The Empire Copper Reserve is in detailed engineering design phase and is expected to produce over 8,000 metric tonnes of copper equivalent metal annually upon completion of its 8-year mine life.

Sector: Mining & Metals
Market: AIM

Insight

How many new shares will Phoenix Copper Limited issue in the planned equity raise?

Phoenix Copper Limited plans to issue approximately 460 million new shares in the planned equity raise.

Updated 6 Jul 2026

Insight

When is Phoenix Copper Limited expecting admission of the placing/subscription/retail offer?

Phoenix Copper Limited expects admission of the combined placing/subscription/retail offer on or around 27 July 2026.

Updated 6 Jul 2026

Insight

What annual production is expected from the Empire Copper Reserve owned by Phoenix Copper Limited?

The Empire Copper Reserve is expected to produce over 8,000 metric tonnes of copper equivalent metal annually with an anticipated eight‑year mine life.

Updated 6 Jul 2026

Insight

When does Phoenix Copper Limited expect additional financing will likely be required?

SP Angel and Phoenix Copper Limited's management state that additional financing will likely be required before the end of September 2026.

Updated 6 Jul 2026

Insight

What pre-feasibility economics did Phoenix Copper Limited cite for the Empire project?

Phoenix Copper Limited cited the September 2024 Pre-Feasibility Study for Empire showing a pre-tax NPV of US$87.86m and an IRR of 46.4% for an open-pit development based on proven and probable reserves of 10.1 Mt containing approximately 109.5 Mlbs copper equivalent.

Updated 6 Jul 2026

Identifiers

Ticker: AIM:PXC
Market: AIM
ISIN: VGG7060R1139

Learn more on:

Official site

Timeline

Mining Today: Greatland Gold beats FY26 production guidance, Conroy Gold, Phoenix Copper, Oriole Resources, Panther Metals

Phoenix Copper raises £2.3m to repay Indigo debt and advance Empire Mine engineering

Phoenix Copper seeks funding to complete Empire engineering

More in Mining & Metals

Small Caps Today: Cordel clears NSIA hurdle in Vossloh takeover, MJ Gleeson, Quantum Helium, Shuka Minerals, Avingtrans . . .

Arc Minerals schedules Botswana drilling for August

Panther Metals hits sulphide mineralisation across two drill holes at Wishbone VMS prospect

Shuka Minerals hits zinc mineralisation in first northerly drill holes at Kabwe

Mining Today: Kazera Global seals life-of-mine China partnership, Xtract Resources, Cornish Metals, First Tin

Kazera Global secures funded partnership with Chinese group

Rockfire partner Eastern Resources sees high grade gold at Rockfire

Small Caps Today: Capita profit warning hits outsourcer hard, Grit Investment Trust, Amcomri, Kazera Global, Bango, TruFin . . .

ECR Minerals identifies 200-metre gold corridor at Butterfly Creek

Hamak Gold receives Verdant IMAP investment for Akoko project

Alien Metals JV hits high-grade silver discovery below Elizabeth Hill mine workings

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