Phoenix copper today announces it has purchased the remainder of the production royalty over the Empire property (operated by Konnex Resources which is owned 80% by Phoenix Copper). It has purchased the remaining 1.25% Net Smelter Royalty (NSR) from Honolulu Corp for $0.45m. This is in addition to the 1.25% of the royalty from Honolulu it previously purchased (27.10.2021) as well as 1% of the 2.5% NSR payable to Mackay LLC for a total consideration in October 2021 of $1.3m. $0.8m has been pai ....
11 Jan 2022
WH Ireland: Phoenix Copper (PXC) - Acquisition of additional Empire Mine production royalty
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WH Ireland: Phoenix Copper (PXC) - Acquisition of additional Empire Mine production royalty
Phoenix Copper Ltd. (United Kingdom) (PXC:LON) | 14.2 0.2 9.6% | Mkt Cap: 21.2m
- Published:
11 Jan 2022 -
Author:
Paul Smith -
Pages:
4
Phoenix copper today announces it has purchased the remainder of the production royalty over the Empire property (operated by Konnex Resources which is owned 80% by Phoenix Copper). It has purchased the remaining 1.25% Net Smelter Royalty (NSR) from Honolulu Corp for $0.45m. This is in addition to the 1.25% of the royalty from Honolulu it previously purchased (27.10.2021) as well as 1% of the 2.5% NSR payable to Mackay LLC for a total consideration in October 2021 of $1.3m. $0.8m has been pai ....