Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) (AIM:PXC, OTCQX:PXCLF) Marcus Edwards-Jones joins Proactive London after announcing the acquisition of royalty and mining claims relating to the Empire mine in Idaho, US.
As he explains, the firm has agreed to buy 1.25% of the royalty payable to Honolulu Copper Corp, including Honolulu's mining claims and 1% of the royalty payable to Mackay LLC for a total US$1.3mln (£0.9mln) in cash.
Phoenix has paid US$550,000. The remaining US$7