REG - Phoenix Copper Ltd - Director & PDMR Share Purchases

Phoenix CopperAnnouncement

12/12/2025 07:00

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RNS Number : 2903L  Phoenix Copper Limited  12 December 2025

Phoenix Copper Limited / Ticker: PXC / Sector: Mining

 

12 December 2025

Phoenix Copper Limited

("Phoenix" or the "Company")

Director & PDMR Share Purchases

Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, USA
focused base and precious metals emerging producer and exploration company,
announces that on 11 December 2025, four of the Company's Directors purchased
ordinary shares of no par value in the Company ("Ordinary Shares"). The share
purchases are summarised below:

 Director              Title                    Number of Ordinary Shares  Purchase Price  Resultant Holding  Percentage of Issued Share Capital
 Marcus Edwards-Jones  Executive Chairman       1,000,000                  1.85p           2,361,464          0.90%
 Ryan McDermott        Chief Executive Officer  550,000                    1.83p           1,156,429          0.44%
 Richard Wilkins       Chief Financial Officer  550,000                    1.83p           1,544,925          0.59%
 Catherine Evans       Non-Executive Director   1,420,719                  1.85p           1,821,813          0.70%

 

In addition, Harry Kenyon-Slayney, a member of the Company's Advisory Board,
also purchased 400,000 Ordinary Shares at 1.85 pence per share on 11 December
2025. Following this purchase, Harry Kenyon-Slayney has a beneficial interest
totalling 567,857 Ordinary Shares representing 0.22% of the Company's issued
share capital.

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

   .      Details of the person discharging managerial responsibilities/person closely
          associated
 a)       Name:                                                         1.   Marcus Edwards-Jones

                                                                        2.   Ryan McDermott

                                                                        3.   Richard Wilkins

                                                                        4.   Catherine Evans

                                                                        5.   Harry Kenyon-Slayney
 2.       Reason for the notification
 a)       Position/status:                                              1.   Executive Chairman

                                                                        2.   Chief Executive Officer

                                                                        3.   Chief Financial Officer

                                                                        4.   Non-Executive Director

                                                                        5.   Advisory Board Member
 b)       Initial notification/Amendment:                               Initial notification
 3.       Details of the issuer, emission allowance market participant, auction
          platform, auctioneer or auction monitor
 a)       Name:                                                         Phoenix Copper Limited
 b)       LEI:                                                          2138006UWPZAB1A75680
 4.       Details of the transaction(s): section to be repeated for (i) each type of
          instrument; (ii) each type of transaction; (iii) each date; and (iv) each
          place where transactions have been conducted
 a)       Description of the financial instrument, type of instrument:  Ordinary Shares

          Identification code:

                                                                        ISIN: VGG7060R1139
 b)       Nature of the transaction:                                    Director Share Purchase
 c)       Price(s) and volume(s):                                       Price(s)     Volume(s)
                                                                        1.   1.85 pence   1,000,000

                                                                        2.   1.83 pence   550,000

                                                                        3.   1.83 pence   550,000

                                                                        4.   1.85 pence   1,420,719

                                                                        5.   1.85 pence   400,000
 d)       Aggregated information:                                       3,920,719 Ordinary Shares in aggregate.

          Aggregated volume:                                            -     2,820,719 at a price of 1.85 pence per Ordinary Share

          Price:                                                        -     1,100,000 at a price of 1.83 pence per Ordinary Share

 e)       Date of the transaction:                                      11  December 2025
 f)       Place of the transaction:                                     London Stock Exchange

d)

Aggregated information:

Aggregated volume:

Price:

3,920,719 Ordinary Shares in aggregate.

-     2,820,719 at a price of 1.85 pence per Ordinary Share

-     1,100,000 at a price of 1.83 pence per Ordinary Share

 

e)

Date of the transaction:

11  December 2025

f)

Place of the transaction:

London Stock Exchange

 

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
(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                   Tel: +44 20 3470 0470

                                                      Clarke / Devik Mehta
 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)                             Tim Blythe / Megan Ray                Tel: +44 20 7138 3204

                                                                                            Email: PhoenixCopper@blytheray.com

 

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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