Phoenix Copper Share Discussion Threads

[colsmith] 26/7/2024 17:33

If only they can get the stuff out.

"A new study from the International Energy Forum, is already warning that the world needs 55% more copper mines to meet its EV transition goals."

[sportbilly1976] 25/7/2024 13:59

[...]

TORONTO — Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra̶1; or the “Company”;) announces a new copper showing in proximity to its Iron Creek Project, and provides an update on its Idaho exploration activities.

Electra’s 2023 field program discovered a previously unknown copper surface showing, the Malachite Hill Copper Showing, on an unexplored boundary area of the Redcastle Agreement claims portion of the Idaho properties.

Electra has signed an amendment to the Redcastle Property Agreement to extend its two main exploration expenditure commitments by two years, to 2026 and 2028 respectively.

“We are taking measured steps to maximize the value of our exploration assets in Idaho, which continue to demonstrate upside potential for copper and cobalt at Iron Creek, Ruby, CAS, and now Malachite Hill,” said Electra CEO, Trent Mell. “Under the leadership of Dr. William Stone, we have applied for a 10-year exploration permit, which will enable us to advance drilling activities on up to 91 specified drilling locations without unforeseen delays. While Electra’s primary focus is to complete the cobalt refinery project in Ontario, there is clear potential in the Idaho Cobalt Belt to be an important source of critical minerals to onshore the North American battery supply chain. We look forward to re-launching field exploration work and exploration drilling programs in due course.”

Ryan McDermott, CEO, Phoenix Copper Ltd., said, “We are pleased to be continuing our collaboration with Electra Battery Materials through the extension of this agreement. We believe Electra is well-positioned to further advance the Redcastle property’s potential, and we look forward to working with the Electra team as that potential is realized.”

The Idaho properties consist of mining patents and exploration claims over an area of 73.15 km2, including the Iron Creek Project, and cover the strike extent of strata hosting the cobalt-copper sulfide mineralization. Iron Creek is one of several cobalt-copper mineral resources and prospects within the Idaho Cobalt Belt, a prospective mineralized system that contains copper and the largest primary cobalt resources in the United States, according to the U.S. Geological Survey.

Historical underground development at Iron Creek includes 600 metres of drifting from three adits. A road connects Iron Creek to a state highway and the nearby towns of Challis and Salmon, and the Redcastle Property is located east adjacent to Electra’s Iron Creek Property.

The Malachite Copper Showing (“MHS”) was discovered in 2023 on the claims within the Redcastle Agreement area of interest, south adjacent to the core claims (Figure 2), in area not previously explored. Malachite occurs here in several outcrops of favourable, fine-grained meta-sedimentary rocks on a hillside. Assay results of outcrop grab samples indicate elevated copper (maximum = 2,660 parts per million copper), and low cobalt values. This finding demonstrates the presence of favourable host rocks at surface in this area of the Redcastle Property; however the extent of the surface mineralization exposure remains to be determined. Interestingly, the MHS appears to be located approximately two (2) kilometres along strike (southeast) of Electra’s Ruby cobalt-copper target.

[retirementplan] 24/7/2024 20:52

Just like the bonds did complete, there is clearly a huge amount going on wrt progress of mine development on patented land. Of this, I have no doubt.

I also have no doubt that communications will dramatically improve shortly.

Over the last few years, M&A has been hinted at. It didn't/couldn't happen without funding. Funding is sorted. But, the BoDs aren't going to tell the market about all their plans - lessons learnt from the bond process.

The silence from the board, and the 'gagging' of Paul, tells a story. One could read into it that 'they don't care'. Or, one could read into it that they are quietly getting on building a $b company. My view is the latter. And reading between the lines, PXC might transform fairly quickly. Ask yourself why Paul took up his new role. If it's just more of the same but with a salary, I don't think the flak he gets is worth it.

Signing off for quite a while now, as now derisked and the BoDs are perfectly competent, if not expert in their respective fields. All IMO. DYOR.

[deuchar] 24/7/2024 11:11

Such a disappointment after all these years

[gkace] 22/7/2024 13:22

not much stock around, Sprott followers will buy this

[paulhopeful] 17/7/2024 16:18

Should open a few eyes with Sprott Taking a position, Especially if they start to add.

[sportbilly1976] 17/7/2024 13:18

A further Fund investing here..Sprott has a very decent following in the US/Canada



In for 143,700 shares

[ih_133959] 17/7/2024 00:13

I wonder if PHC will acquire their smaller JV partner, Exgen resources? They trade on the Toronto stock exchange under EXG and OTCQB under BXXRF.

Exgen resources would be a good addition because it would make Phoenix own Empire wholly, give them opportunity to some other advanced mining projects, a few million dollars in cash with no liabilities and reduces a 2.5% royalty being held by Exgen to zero.

[bukowski750] 12/7/2024 13:35

The kit has to correspond to how much ore you plan to put through it. I've read nothing about pit design or production scheduling, and have no idea who the mine design engineers are.

[kooba] 12/7/2024 13:20

Yes has gone very quiet.. they have funds being released and I thought had identified key pieces of kit at low prices that would be so impactful on the economics that they were going to secure those deals before releasing the effectively completed PFS or is it now just an economic assessment of some sort? Less regulatory relevant?All a bit back to front in terms of committing capital to plant before proving the economic viability of progressing the development..but since they have funding without such crucial financial data in place i suppose it doesn't matter to them.Will need to update soon on plant purchasing efforts and where the various permitting required are in process.

[bukowski750] 11/7/2024 13:28

Not sure. But building a copper mine sure ain't easy. Especially with what I personally consider to be fairly complex metallurgy!

[trader465] 11/7/2024 12:27

Did they not find that pen yet?

[bukowski750] 11/7/2024 12:25

Bit quiet around here innit? When is this bleedin economic study coming out?

[umik1] 07/7/2024 10:20

https://www.mining.com/subscribe-login/?id=1154648

[retirementplan] 04/7/2024 08:24

https://www.proactiveinvestors.co.uk/companies/news/1051205/phoenix-copper-s-esg-insights-from-latest-digbee-assessment-1051205.html

[sportbilly1976] 02/7/2024 08:57

New Investor hub on the website:

[investorman33] 01/7/2024 18:09

Bond RNS confirms 2nd tranche of bonds for $5m issued ie funds received by PXC

[sportbilly1976] 28/6/2024 16:18

Mhard,

Not really - it only reduces the current max issued share count by c. 1.35%

[mhard1000] 28/6/2024 16:12

Once the warrants expire, is it expected that the price should be closer to the warrant price of 38p?

[sportbilly1976] 28/6/2024 14:02

I would expect both to happen, warrants have been extended once already...price didn't rise over conversion price on funding but that's the risk the holders took.

[retirementplan] 28/6/2024 13:50

Quick update for those not on Telegram. Expiry of warrants & 2nd drawdown are not expected to be RNSed. If we don't hear otherwise, one can assume both have happened. That's direct from Paul.

[retirementplan] 27/6/2024 07:40

1. "The expiry date on 3,347,813 warrants, with an exercise price of 38.5 pence per share (the "Warrants"), has been extended from 31 March 2024 to 30 June 2024. The exercise price of the Warrants will remain unchanged." - these should expire very shortly.

2. 2nd drawdown of $5m due on or around 30th June. The 1st was announced, so hopefully the 2nd will be announced too. It would be great to have positive confirmation of the warrant expiry at the same time.

3. A new approach to communication between company and investor is expected shortly. According to Paul once "legacy coding issues" (relating to the current out-of-date website) are resolved, it is ready to go.

[investorman33] 20/6/2024 13:44

hxxps://x.com/Shares_Mo/status/1803380549752356999

This seems to be a better link for me - good find though RetirementPlan

[retirementplan] 20/6/2024 04:28

Excellent summary, with links for sources, of where PXC is at now:

hxxps://x.com/Shares_Mo/status/1803380549752356999?t=JBSINpZvpjTVEfE8mISO7Q&s=19