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Phoenix Copper Ltd (AIM – PXC, OTCQX – PXCLF) will present live at VirtualInvestorConferences.com on June 17, 2021, at 9 am ET / 2 pm BST. CEO Ryan McDermott and CFO Richard Wilkins will answer investor questions in real-time. A recording will be available post-event. Recent highlights include raising £18.45 million for ongoing projects, including the Empire Mine and high-grade silver/lead projects. The company targets copper production by late 2023 and is actively exploring the promising Navarre Creek gold project and Red Star silver project.
Phoenix Copper Ltd (OTCQX: PXCLF) has entered into an earn-in agreement with First Cobalt Idaho regarding the Redcastle cobalt property in Idaho. The agreement spans three phases over five years, with First Cobalt committing to invest a minimum of US$3,000,000 in exploration and a NI 43-101 compliant Preliminary Economic Assessment. Upon completing Phases 1 and 2, First Cobalt will secure a 75% ownership stake in Redcastle. This collaboration is expected to leverage First Cobalt's local resources and expertise in the cobalt and copper sectors, aiming to enhance production for the electric vehicle market.
Phoenix Copper Ltd (OTCQX: PXCLF) announced the acquisition of 1,160 acres, comprising 58 lode and 56 mill site claims, expanding its Empire Mine claim group. This increase boosts total land holdings from 5,717 acres to 6,877 acres, enhancing operational flexibility for the proposed ore haulage route and processing area. An updated resource estimate revealed a 51% increase in Measured and Indicated resources, totaling significant amounts of copper, zinc, silver, and gold. The company is progressing with permitting and feasibility studies, targeting late 2022 for production.
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