Business
CEO Statement
Phoenix Copper Limited has issued a CEO statement to address shareholder uncertainty following a recent announcement, assuring them that the Board and management are taking necessary steps to progress investigations efficiently and have implemented actions to ensure leadership continuity and minimize disruption. The company reiterates its strong belief in the long-term value and development potential of its core assets and projects, with work continuing on the Empire Project and broader strategic options. Shareholders are thanked for their continued support and patience during this process. Disclaimer*
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n\nPhoenix Copper Limited / Ticker: PXC / Sector: Mining\n \n10 February 2026\nPhoenix Copper Limited\n(\"Phoenix\" or the \"Company\")\nCEO Statement\nPhoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, 100% USA focused base and precious metals emerging producer and exploration company announces the following statement from Ryan McDermott, the Company's Chief Executive Officer:\nRyan McDermott, Phoenix's CEO, said: 'I recognise that our announcement of 9 February 2026 has created uncertainty for shareholders. I understand your concerns following recent developments and would like to assure shareholders that the Board and management team, with input from our professional advisors, are taking all the necessary steps to progress the investigations we referred to yesterday as thoroughly and efficiently as possible. \n'We've already taken action to ensure continuity of leadership, whilst also minimising any disruption to the Company in the short term while the investigations are ongoing. The Company will provide shareholders with a further update as soon as reasonably possible once our internal reviews have been completed.\n'In the meantime, I would like to provide reassurance to shareholders regarding the Company's current strategy and priorities. Importantly, the Company's core assets and projects remain unchanged, and the Board continues to believe strongly in their long-term value and development potential. Work relating to the advancement of the Empire Project and broader strategic options continues.\n'I would like to thank all of our shareholders and stakeholders for their continued support and patience while the Company works through the processes necessary to conclude our investigations.' \n For further information please visit https://phoenixcopperlimited.com. \n \nContacts\n\n\n\n\nPhoenix Copper Limited\n\n\nRyan McDermott\nPaul de Gruchy\n \n\n\nTel: +1 208 9547039 \nTel: +44 7484 203 720\nTel: +44 7590 216 657\n\n\n\n\nSP Angel Corporate Finance LLP (Nominated Adviser)\n\n\nDavid Hignell / Jen Clarke / Devik Mehta\n\n\nTel: +44 20 3470 0470\n\n\n\n\nTavira Financial Limited (Joint Broker)\n\n\nJonathan Evans / Oliver Stansfield\n\n\nTel: +44 20 7100 5100\n\n\n\n\nZeus Capital Limited (Joint Brok...