Business
Update on Refinancing of Short-Term Loan Facility
Phoenix Copper Limited is in discussions with Riverfort Global Opportunities PCC Limited regarding a potential further financial obligation stemming from the refinancing of a short-term loan facility, after the Company drew $1.96 million from a $2.1 million convertible loan note facility to repay the balance of the Riverfort facility. The Company will provide an update once these discussions are concluded. Disclaimer*
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n\nPhoenix Copper Limited / Ticker: PXC / Sector: Mining\n \n27 January 2026\nPhoenix Copper Limited\n(\"Phoenix\" or the \"Company\")\nUpdate on Refinancing of Short-Term Loan Facility\n \nPhoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, 100% USA focused base and precious metals emerging producer and exploration company, announces a further update regarding the refinancing of the Short-Term Loan Facility from Riverfort Global Opportunities PCC Limited (\"Riverfort\") (the \"Facility\") following the Company's announcement dated 4 December 2025[1].\nAs previously announced, the Company drew $1.96 million of a $2.1 million convertible loan note facility from Indigo Capital LP (the \"CLN\") and utilised the funds, in part, to repay the balance of the Facility.\nFollowing the repayment, the Company was informed by Riverfort that the repayment should have been classified as a prepayment, pursuant to the terms of the Facility.\nThe Company is now in discussions with Riverfort to determine whether there is a further financial obligation for the Company, pursuant to the terms of the Facility.\nThe Company will make a further announcement once the discussions with Riverfort have concluded.\nMarket Abuse Regulation (MAR) Disclosure\nThe 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.\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\nRichard Wilkins\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 Broker)\n\n\nHarry Ansell / Katy Mitchell\n\n\n...