Question 1

What financing milestone did Phoenix Copper Limited flag as outstanding in July 2026?

Accepted Answer

On 6 July 2026, Phoenix Copper Limited said securing additional construction financing beyond the near-term raise was outstanding, warning that further funding would be required before 30 September 2026.

Question 2

Who did Phoenix Copper Limited appoint to update the Empire Open-Pit pre-feasibility study?

Accepted Answer

On 24 August 2026, Phoenix appointed Hardrock Consulting, metallurgist Deepak Molhatra, and Valley Science and Engineering to update the Empire Open-Pit pre-feasibility study and open-pit mineral resources and reserves.

Question 3

What are Phoenix Copper Limited’s expected gross proceeds from its financing at the AGM?

Accepted Answer

Phoenix Copper Limited is targeting gross proceeds of about £2.3m from a combined placing, subscription and retail offer, completion conditional on shareholder approval at the AGM.

Question 4

How much of the Indigo Capital convertible loan principal did Phoenix Copper Limited repay on 18 August 2026?

Accepted Answer

Phoenix Copper Limited repaid the Indigo Capital convertible loan principal in full on 18 August 2026, discharging contractual obligations under the agreement announced on 4 December 2025.

Question 5

How many new shares will Phoenix Copper Limited issue in the planned equity raise?

Accepted Answer

Phoenix Copper Limited plans to issue approximately 460 million new shares in the planned equity raise.

Question 6

How will Phoenix Copper Limited use the net proceeds from the July 2026 raise?

Accepted Answer

Phoenix Copper Limited said it would deploy about £2.0m net proceeds upon admission/completion of the raise to repay short-term debt and fund process design engineering.

Timeline

Phoenix Copper

Phoenix Copper appoints consultants to update Empire mine reserves

Phoenix Copper clears Indigo Capital loan in full

Phoenix Copper raises £2.3m to repay Indigo debt and advance Empire Mine engineering

Phoenix Copper seeks funding to complete Empire engineering

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