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Phoenix Copper ( (GB:PXC) ) just unveiled an update.
Phoenix Copper Limited has updated its agreement with ExGen Resources Inc. regarding the Empire Open-Pit Project in Idaho, simplifying obligations through a new carried interest arrangement. The amendment allows Phoenix Copper to manage the project’s construction funding via a single shareholder loan, streamlining operations and potentially accelerating project timelines, which could enhance the company’s standing and operational efficiency in the mining sector.
More about Phoenix Copper
Phoenix Copper Limited is an emerging producer and exploration company specializing in base and precious metals, particularly focused on copper, gold, and silver extraction through open-pit mining operations in the United States. The company’s flagship asset is the Empire Mine in Idaho, which has a significant history of high-grade metal production and has seen substantial resource expansion through extensive drilling efforts.
YTD Price Performance: -81.08%
Average Trading Volume: 9,575
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.31M
For an in-depth examination of PXC stock, go to TipRanks’ Stock Analysis page.
