Member Info for MTSparky

Permitting

• Mine situated mainly on patented land, simplifying and accelerating permitting

• Extensive environmental baseline data already recorded

• File Final Plan of Operations Q4 2025

• Aim for Record of Decision in 2026, targeting production in Q1 2027

Construction

• Major items of equipment already purchased

• Complete purchasing of remaining capital equipment and supplies for final construction

• Final construction to begin immediately following Record of Decision

• Production estimated to commence 8 months later assuming no weather delays

Operations

• Processing 4000 tonnes of ore per day, with an 8.5 years life of mine strip ratio of

1.69:1

• Flotation followed by cementation, an established approach producing copper, gold

and silver from day one

• Designed to process both oxide and sulphide ores

• Potential to significantly improve economics by introducing higher-grade ores from

sulphides below

https://phoenixcopperlimited.com/investors/corporate-presentation/

Hey Laura - apologies only just seen your query. As Stanley says its just a slight improvement in interest payments but essentially we are relying on the integrity of this new investor. At the end of the day they are there to make money so cant see integrity being too high on their agenda but we live in eternal hope with PXC.

Now copper is a critical mineral it could unlock faster permitting, tax credits, wider finance access. The price of copper looks like it is going higher too. We are told the permit should be a straight forward process as most of the operation is on patented land. We just need some finance from somewhere. We are told there are several options already on the table but the bonds are the favoured route as less dilution for shareholders. There is a private investor who wants the bonds but he is finalising another deal before he can complete a PXC deal. He is a friend on a current PXC shareholder we are told and is super keen but dunno.

Hopefully with Riverfort gone the selling will dry up and we can look forward to permit and finance. Be nice to get back to 5p at least ! but who knows

Based on the recent LOI this investment should be a slam dunk but the BoD are just not investable. They lie and have no issues doing it. Your investment is not safe with this BoD. New BoD needed IMO. restore some investor faith.

Yep its the Riverfort death spiral in full effect

Made me laugh that one Chid, very good ...PMSL

There are many shares held by unscrupulous hands. The SP could get far worse. Be careful folks ! ;o))

Shareholder Holding

Directors & Advisory Board 2.40%

Not the biggest endorsement is it. The Riverfort death spiral is also a factor I think with the low SP. I agree with the not buying any shares even at this low SP. I just have no faith in the BoD at all.

Reading between the lines we can gain some comfort from the fact MTB have done some due diligence on Empire's likelihood of getting into production. It is also now in MTB vested interest to get Empire funded somehow. We live in vague hope ! GLA :o)

Exgen Resources and MTB Metals Enter Into Arrangement Agreement to Merge, Creating a Well Funded Copper, Gold and Lithium Exploration and Development Company

VANCOUVER, British Columbia, Oct. 17, 2025 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”, the “Company”) and MTB Metals Corp. (TSXV: MTB, OTCQB: MBYMF, Frankfurt: M9U) (“MTB”): ExGen and MTB are pleased to announce that they have entered into an Arrangement Agreement dated October 16, 2025 (the “Arrangement”). The Arrangement sets terms and conditions between ExGen and MTB pursuant to which ExGen and MTB will combine their operations, business, assets and properties (the “Proposed Transaction”). The Proposed Transaction will be subject to approval by MTB shareholders, the court, and the TSX Venture Exchange (the “TSX-V”), and other closing conditions customary in transactions of this nature. The Proposed Transaction will be an Arm’s Length Transaction for both companies under the policies of the TSX-V. There are no finders fees.

The Proposed Transaction would create a well funded exploration and development company with a strong balance sheet, a stronger combined management and technical team and assets in multiple favorable jurisdictions.

Consolidation of the DOK property interest with the balance of MTB’s Telegraph copper-gold project in the fertile Golden Triangle of British Columbia.

Exposure for MTB’s shareholders to ExGen’s 20% carried interest in the Empire copper-gold development-stage mine in Idaho as well as to ExGen’s other copper and lithium projects.

Lawrence Roulston, CEO of MTB, commented, “This merger combines MTB's exposure to copper and gold projects with ExGen’s carried interest in the development-stage Empire copper mine. The Empire interest offers a clear path to near-term cash flow. The combined company will have a strong balance sheet, providing a solid basis for an evolving business plan in which exploration expenditures will be funded by others. We intend to continue to expand our portfolio of royalties and carried interests as well as continuing a highly selective exploration program aimed at acquiring high potential prospects with potential to quickly unlock value."

Jason Riley, CEO of ExGen, commented, “Over the past few years, ExGen has actively sought the right transactions to expand our portfolio as we believed the metal and resource markets were due for a rebound. Now, together with MTB, our combined companies’ will be ideally positioned with the right assets, the right technical and management team, and a rising metals market. The Proposed Transaction provides our shareholders with incredible leverage to both near-term production potential and a new porphyry discovery, and in a time of rising copper and gold prices. We look forward to providing further updates on a number of potential catalysts across our portfolio throughout the rest of this year.”

In the ground excluding sulphides, just Empire is about $1.2 billion worth in the ground. Red Star silver mine is about 50p a share at current levels.

You make a compelling case BP. Lets hope if true it all concludes before we hit 1 billion shares or more !

Yep unfortunately the best predictor of the future is patterns from the past. Here we go again. Looking at the SP there is no indication that this investor exists or even is wiling to fund this project. I can see 2.5p being tested and a drop from there. UNLESS the money arrives this company needs a new BoD ASAP. They will continue to make Riverfort profits, dilute investors LTH's and sell their jam for tomorrow, take their salary and pension. Oh dear what a mess !

Starting to climb again now. This company is ridiculously cheap now it has US backed finance.

Hopefully both the US tickers will start attracting volume and push us in further.

By the looks of it, they need to include the adit and sulphide production in the phase 1 Empire plan to increase the profits. Then produce a compliant PFS that works financially. Use the sale of the scrap junk to finance them until they can go again.

They have £2.2m of 2nd hand equipment in storage. Maybe its time to sell it.

They are between a rock and a hard place. Compliant PFS and the numbers don't stack, non-compliant PFS and they can't get finance. Maybe it was NIU's backers that pulled out for this reason. They need to find a backer that wants to help the US mining cause, assisted at a federal level maybe. Dunno.

Cheers IDT, yes I saw that. Nice to think a new investor will be announced but as Trek suggests what will there terms be ? Another 20% of the company will probably vanish.

This whole saga and Phoenix Copper in general just makes me sick now. The rubbish spouted by RW. Closed period ???, exciting news we hope to announce very soon. Lots to look forward to but cant talk about it. Ryan will have cash available when he needs it, no problem with finance. All just BS.

I don't see how this company progresses with the current BoD. They need to score a hat trick in the last few seconds of the game, not impossible but highly unlikely

"The bond investors are playing hard to get here and clearly hold all the cards."

The bond holders are supposed to be "legally subscribed" so what do you think is going on with NIU Trek ?

I mean even if this is a hoax poster. Surely even calamity copper can't fk this up with the US political backdrop. Trump is virtually on site with a fkg spade in his hand !