Phoenix Global Mining's chief executive Dennis Thomas and CFO Richard Wilkins introduce the company to Proactive Investors as they begin their first day of trading on AIM.
''Phoenix is a redevelopment of the Empire copper mine in Idaho … looking at developing oxide at surface, open-pit and also the underground potential as well'', Thomas says.
''[The Empire mine] ticks all the boxes if I'm perfectly honest … jurisdiction, we've looked all over the world and evaluated a lot of projects, Idaho is an excellent mining location … it has everything'', Thomas adds.
CFO Richard Wilkins says: ''[Raising £4.6 million] we raised a little bit more than anticipated … this will take us right the way through to complete the first phase of our work programme and will enable us to start on the second phase as well''.
''We had a very good response from a number of institutional investors and high net worth investors so yes, we're delighted in the current market to have achieved what we were after''.