REG - Phoenix Copper Ltd - Result of Annual General Meeting

Phoenix CopperAnnouncement

27/06/2025 11:15

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RNS Number : 7773O  Phoenix Copper Limited  27 June 2025

Phoenix Copper Limited / Ticker: PXC / Sector: Mining

27 June 2025

Phoenix Copper Limited

('Phoenix' or the 'Company')

 

Result of Annual General Meeting

 

Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, USA
focused base and precious metals emerging producer and exploration company is
pleased to announce that all of the resolutions put to shareholders at the
Annual General Meeting ("AGM") held today were duly passed.

 

 No.  Ordinary Resolutions                                                             For         Against    Votes Withheld
 1    The Company's annual accounts for the financial year ended 31 December 2024,     32,083,255  2,000      64,652
      together with the report of the directors of the Company (the "Directors") and
      the auditors' report on those accounts, be received and adopted
 2    That Crowe U.K. LLP be reappointed as the Company's auditors to hold office      32,081,102  4,153      64,652
      from the conclusion of this meeting until the conclusion of the next meeting
      at which the accounts are laid before the Company.
 3    That the Directors be authorised to determine the auditors' remuneration.        32,081,102  4,153      64,652
 4    To re-elect Catherine Evans, who is retiring in accordance with Article 12 of    27,789,197  4,296,058  64,652
      the Company's Articles of Association and who, being eligible, offers herself
      for re-election.
 5    To re-elect Jason Riley, who is retiring in accordance with Article 12 of the    27,789,197  4,296,058  64,652
      Company's Articles of Association and who, being eligible, offers himself for
      re-election.
 6    That the Directors be generally and unconditionally authorised in accordance     27,432,887  4,593,524  123,496
      with Article 3.2 of the Company's Articles of Association to allot and issue
      shares in the capital of the Company.
 Special Resolution
 7    That, subject to the passing of resolution 6, the Directors be and are hereby    27,431,983  4,653,272  64,652
      empowered, in accordance with Article 3.4(a) of the Company's Articles of
      Association, to allot equity securities for cash pursuant to the authority
      conferred by resolution 6

 

For further information please visit  https://phoenixcopperlimited.com
(https://phoenixcopperlimited.com/) .

Contacts

 Phoenix Copper Limited                               Ryan McDermott                                Tel: +1 208 9547039

                                                      Paul de Gruchy                                Tel: +44 7484 203 720

                                                      Richard Wilkins                               Tel: +44 7590 216 657
 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
 Panmure Liberum (UK) Limited (Joint Broker)          Mark Murphy                                   Tel: +44 20 7886 2500
 BlytheRay                                            Tim Blythe / Megan Ray                        Tel: +44 20 7138 3204

 (Financial PR)

 

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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