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Phoenix Copper announces placing and subscription to raise £16 45m to develop Empire mine | 5 March 2021

5 March 2021 | 09:51am StockMarketWire.com - Mining group Phoenix Copper has raised £16.45 million through a placing and subscription to fund the development of its Empire Mine, with an open offer set to raise a further £1.95 million. The company raised a total of £12.3 million in aggregate before costs through the placing of 35,129,991 new shares at an issue price of 35p per share and announced a direct subscription for 11,870,009 new shares, raising £4.15 million. It said that in order to provide qualifying shareholders with an opportunity to participate in the fundraising at the issue price, they may subscribe for new shares to raise up to a further £1.95 million.

Today s Market View - Adriatic Metals; Arc Minerals; Caledonia Mining; Strategic Minerals; Power Metal Resources; Sunrise Resources and more

Adriatic Metals (LON:ADT1) (ASX:ADT) – Acquisition of RAS Metals Arc Minerals (AIM:ARCM) – Change of accounting reference date and issue of 1.2m new.

Phoenix Copper draws down on debt facility for Empire mine in Idaho | 22 February 2021

Phoenix Copper (LSE:PXC) | RNS | Phoenix Copper Ltd - Debt facility to accelerate development of Empire

Phoenix Copper (LSE:PXC) | RNS | Phoenix Copper Ltd - Debt facility to accelerate development of Empire
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Investegate |Phoenix Copper Ltd Announcements | Phoenix Copper Ltd: Empire Mine Open Pit updated economic model

  Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals emerging producer and exploration company, is pleased to announce that it has completed a new economic model for the Empire Mine open pit project in Idaho, USA to recover copper, zinc, gold and silver.   -  Copper led US mining operation with production targeted for 2022 -  The updated Economic Model ( EM ) for the Empire Mine open pit project indicates strong cashflow and rapid payback in less than two years - 10-year Life of Mine ( LOM ) processing a total of 14.3 million tonnes Measured & Indicated ( M&I ) ore at a 0.5% copper cut-off grade

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