Phoenix Copper Ltd. (United Kingdom)
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Ryan Kelly McDermott
- Full Time Employees
- 8
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- OMC Chambers London GL United Kingdom VG1110
- IPO Date
- Jun 29, 2017
- Website
- phoenixcopperlimited.com
- Similar Companies
- Business
- Phoenix Copper Limited Phoenix Copper Limited engages in base and precious metals exploration, development, and emerging production, with a primary focus on copper, gold, silver, and cobalt projects located in Idaho, USA; its flagship Empire Copper Reserve advances through detailed engineering design toward an anticipated 8-year open-pit mine life yielding over 8,000 metric tonnes of copper equivalent metal annually via low-cost heap leach methods, complemented by the underlying high-grade Empire Copper Sulphide Vein System historically shipping up to 8% copper ore and intercepted at 8.38% copper in 2021 drilling, alongside Navarre Creek grassroots gold exploration revealing anomalous low-grade gold mineralization in 2023, additional copper-gold-silver prospects within 5km of Empire, and two Idaho Cobalt Belt properties including Redcastle under an earn-in agreement renewed and extended in mid-2024 with a neighboring firm. Operations target the prolific Alder Creek district near Mackay in Custer and Lemhi Counties, spanning a potential world-class 28.95 square kilometre porphyry property, serving clean energy and infrastructure demand through environmentally responsible practices that earned 'A' ESG ratings in 2022 and 2023. The company, listed on AIM (PXC) and OTCQX (PXCLF), published a September 2024 pre-feasibility study for Empire projecting $153 million pre-tax cumulative net free cash flow at $2.44 per pound cash costs, raised $3.52 million via January 2024 placing and retail offer plus $1.07 million in subsequent equity, secured a $75 million floating rate copper bond letter of intent with a U.S. investor in June 2025 featuring phased $30 million initial drawdown and convertible preference shares for up to 10.5% equity plus board seat, increased Empire investment to $43.77 million with delivered equipment including ball mills and assay lab, and refinanced short-term loans while progressing permitting and underground sulphide drilling.
Company News
Phoenix Copper shares drop on discount equity raise
Phoenix Copper shares drop on discount equity raise
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Phoenix Copper shares drop after suspension of chairman and finance chief
Phoenix Copper makes initial drawdown for Empire construction
Phoenix Copper raises US$80m in bond finance as 'stars align'
Phoenix Copper in right place as metals prices climb, says broker
Phoenix Copper publishes first reserve estimate for Empire open pit
Phoenix Copper finalises purchase of pre-owned ball mills for Empire mine
Phoenix Copper agrees refinancing terms with Riverfort
Phoenix Copper orders new mine equipment, refinances
Phoenix Copper ups size of fund raise after investor demand
Phoenix Copper raising funds as Empire mine work ramps up
Phoenix Copper says its now in final stages of PFS for Empire open pit
Phoenix Copper says bond discussion remain at an advanced stage
Phoenix Copper extends loan facility on investor talks
Phoenix Copper receives initial batch of assays from Navarre Creek drilling