PHOENIX COPPER LTD.

Phoenix Copper will hold its annual general meeting on Thursday at 15:00 BST at the SP Angel offices in London and will provide online access to shareholders via Investor Meet Company. Questions can be submitted online until Wednesday 09:00 BST or asked during the meeting, but voting through the online platform is not possible; proxies must be lodged by Tuesday 15:00 BST. Shareholders who hold their shares through platforms such as interactive investor or Hargreaves Lansdown must submit voting instructions via the respective platform processes, which may have earlier deadlines. » More on de.investing.com

Phoenix Copper will hold a live Q&A with interim board chair Catherine Evans and CEO Ryan McDermott to inform existing and potential shareholders. The company is asking shareholders to approve a special resolution to exclude pre-emptive rights in order to raise urgently needed capital; without financing, near-term liabilities may not be met. Evans published a shareholder letter apologizing for the conduct of previous directors. A prior feasibility study for the Empire Mine cited a cumulative after-tax cash flow of US$132 million and an NPV (5%) of US$89.55 million. » More on de.investing.com

Phoenix Copper announces a placing and subscription to raise about £2.3m (net approx. £2.0m). Around 460m new ordinary shares will be issued at 0.5 pence each, representing a 54.5% discount to the mid-market closing price. The package comprises a placing (approx. £1.7m), a subscription (approx. £0.6m) and a retail offer (about £0.5m); subscribers will receive warrants on a 1:3 basis with an exercise price of 1.0p (two-year term). Proceeds are intended to repay short-term liabilities, fund process engineering planning, cover operating costs in the UK/US, service debt and bolster working capital; completion is expected on 27 July 2026, subject to approval at the annual general meeting. » More on de.investing.com