A fantastic result for Phoenix Copper Ltd, who yesterday announced conditional completion of an $80m bond financing with ‘NIU Invest SE’ to fully fund the Empire copper/gold/silver mine in Idaho through construction.
Riverfort has been financial partner to Phoenix since 2020 (and most recently in February 2024) via bridge and mezzanine financing and we are delighted to be a part of the next stage of growth.
Phoenix Copper Limited is an emerging producer and exploration company specializing in base and precious metals, with an initial focus on copper, gold, and silver extraction from an open-pit mining operation within the United States.
Located in the historic Alder Creek mining district near Mackay, Idaho, Phoenix's flagship asset is the Empire Mine, in which the Company holds an 80% ownership stake. The historic Empire underground mine, located beneath the surface of the Company's proposed open pit, boasts a rich history of producing high-grade copper, gold, silver, zinc, and tungsten.
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