S&P GSCI Copper Index 2

Index

Market Closed - USA 03:36:47 2024-04-26 pm EDT			5-day change	1st Jan Change
703.2 ^PTS	+1.03%		+0.67%	+16.32%

Apr. 26	USMCA Labor Panel Rules in Favor of Mexico in Mine Dispute, Government Says	DJ
Apr. 26	Anglo American Rejects BHP Offer -- At a Glance	DJ

Phoenix Copper seeks to raise up to GBP2.4 million in equity

January 26, 2024 at 04:54 am EST

Phoenix Copper Ltd - developing Empire open-pit copper and silver project in US state of Idaho - Launches share offer to raise up to GBP2.4 million to buy mining and processing equipment. The offer is priced at 11.5 pence per share and will consist of a GBP1.2 million placing, a GBP1.0 million direct subscription, and up to GBP200,000 from a retail offer. The placing will be run as an accelerated bookbuild by brokers Panmure Gordon (UK) Ltd and WH Ireland Ltd as joint bookrunners. Phoenix says the mine equipment is available at a potential "substantial discount" to new value. The company also says it remains in advanced discussions with bond investors for a proposed corporate copper bond to finance construction of the Empire mine.

Current stock price: 10.91p, down 22% in London on Friday morning for GBP4.8 million market capitalisation

12-month change: down 73%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SILVER	27.2 USD	-0.52%	-5.11%	-
PHOENIX COPPER LIMITED	14.88 GBX	+4.39%	+25.00%	27.62M
WH IRELAND GROUP PLC	4.25 GBX	0.00%	0.00%	12.33M

Latest news about S&P GSCI Copper Index 2

USMCA Labor Panel Rules in Favor of Mexico in Mine Dispute, Government Says	Apr. 26	DJ
Anglo American Rejects BHP Offer -- At a Glance	Apr. 26	DJ
Anglo American Rejects BHP's $39 Billion Bid	Apr. 26	DJ
Anglo American Doesn't View BHP's Bid as Attractive, Reuters Reports	Apr. 25	DJ
BHP Bids $39 Billion for Anglo American -- at a Glance	Apr. 25	DJ
Copper: BHP wants to acquire Anglo American	Apr. 25
Persistently High Commodity Prices Could Delay Interest Rate Cuts, World Bank Says	Apr. 25	DJ
Weir Group to meet annual expectations as quarterly output ticks up	Apr. 25	AN
Anglo American Shares Surge on BHP Takeover Approach	Apr. 25	DJ
Analysis-BHP's proposed bid for Anglo American is a big bet on copper	Apr. 25	RE
BHP Makes Offer for Rival Anglo American in Potential Mining Mega Deal	Apr. 24	DJ
First Quantum could remove copper from Panama mine after election, CEO says	Apr. 24	RE
First Quantum says probability of taking out copper from Panama mine only after election	Apr. 24	RE
First Quantum Minerals Posts Q1 Loss As Eyes Panama Presidential Election For Change of Fortune There	Apr. 23	MT
First Quantum Minerals Brief: Says "Will continue to work with the current administration to implement the Cobre Panama Preservation and Safe Management plan"	Apr. 23	MT
Shortages key to copper's upward price trajectory to new peaks	Apr. 23	RE
Anglo American Cuts Diamond Guidance Amid Slow Market Recovery; Copper Output Jumps -- Update	Apr. 23	DJ
Anglo American's Diamond Tumble Buoyed by Copper, Coal -- Commodity Comment	Apr. 23	DJ
Anglo American Copper Output Jumps, Offsetting Diamond Tumble	Apr. 23	DJ
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BHP Maintains Annual Guidance as 3Q Iron-Ore Production Falls 7% -- Update	Apr. 17	DJ
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