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30 Apr 2026 16:10
Phoenix Copper Limited / Ticker: PXC / Sector: Mining
30 April 2026
Phoenix Copper Limited
("Phoenix" or the "Company")
EGM Requisition Notice withdrawn
Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, 100% USA focused base and precious metals emerging producer and exploration company, announces that NIU Invest SE ("NIU"), the Company's sole bondholder and a substantial shareholder, has withdrawn the requisition for an Extraordinary General Meeting (the "Requisition") that was announced by the Company on 10 April 2026.
The Board welcomes the withdrawal of the Requisition and will provide shareholders with further updates regarding the status of the Company's relationship with NIU as appropriate.
Market Abuse Regulation (MAR) Disclosure
The Company deems the information contained within this announcement to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014, which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information please visit https://phoenixcopperlimited.com.
Contacts
Phoenix Copper Limited | Ryan McDermott Paul de Gruchy
| Tel: +1 208 9547039 Tel: +44 7484 203 720
|
SP Angel Corporate Finance LLP (Nominated Adviser) | David Hignell / Jen Clarke / Devik Mehta | Tel: +44 20 3470 0470 |
Tavira Financial Limited (Joint Broker) | Jonathan Evans / Oliver Stansfield | Tel: +44 20 7100 5100 |
Zeus Capital Limited (Joint Broker) | Harry Ansell / Katy Mitchell | Tel: +44 20 7220 1666 |
Oak Securities (Corporate Bond Adviser) | Hugh Rich | Tel: +44 20 3973 3678 |
BlytheRay (Financial PR) | Megan Ray / Rachael Brooks | Tel: +44 20 7138 3204 |
Notes
Phoenix Copper Limited is an emerging producer and exploration company specialising 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.
Since 2017, Phoenix has executed extensive drilling initiatives, resulting in an expansion of the Empire Open-Pit resource by over 200%. In May 2024 the Company published its inaugural mineral reserve statement for the Empire Open-Pit Mine. Proven and Probable mineral reserves are 10.1 million tonnes containing 109,487,970 lbs of copper, 104,000 oz of gold and 4,654,400 oz of silver. This reserve was estimated using assay data from 485 drill holes, extensive geological modelling, metallurgical recovery test work, geotechnical evaluation, and mine design. The reserve represents a combined 66,467 tonnes of copper equivalent metal.
In addition to the Empire Mine, Phoenix's holdings in the district also encompass the Horseshoe, White Knob, and Blue Bird Mines, all of which have been producers of copper, gold, silver, zinc, lead, and tungsten from underground operations, a new high-grade silver and lead orebody at Red Star, and the Navarre Creek gold exploration project, which was first drilled in 2023. The Company's land package at Empire spans 8,434 acres (34 sq km).
Phoenix also owns two cobalt properties situated along the Idaho Cobalt Belt to the north of Empire. An Earn-In Agreement has been established concerning one of these properties.
Phoenix is listed on London's AIM (PXC), and trades on New York's OTCQX Market (PXCLF and PXCLY (ADRs)). More details on the Company, its assets and its objectives can be found on PXC's website at https://phoenixcopperlimited.com/
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