Change of Auditor
Summary by AI BETAClose X
Phoenix Copper Limited / Ticker: PXC / Sector: Mining
12 November 2026
Phoenix Copper Limited
(“Phoenix” or the “Company”)
Change of Auditor
Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, USA-focused base and precious metals emerging producer and exploration company, announces that following the conclusion of a formal tender process led by the Company’s Audit and Risk Committee, the Board has approved the appointment of PKF Littlejohn LLP (“PKF”) as the Company's new Auditor.
PKF will conduct the audit of the Company's financial statements for the financial year ending 31 December 2026, and a proposal to formally approve PKF's appointment as the Company's Auditor will be subject to the approval of shareholders at the Company's next Annual General Meeting, to be held in 2027.
The appointment of PKF as the Company's Auditor follows the resignation of Crowe U.K. LLP ("Crowe") with effect from 25 September 2026. Crowe has confirmed to PKF that there are no circumstances connected with its resignation which it considers should be brought to the attention of the members or creditors of the Company.
For further information please visit https://phoenixcopperlimited.com.
Contacts
|
Phoenix Copper Limited |
Catherine Evans cathy.evans@phoenixcopper.com Ryan McDermott ryan.mcdermott@phoenixcopper.com |
Tel: +44 777 5566030
Tel: +1 208 9547039
|
|
SP Angel Corporate Finance LLP (Nominated Adviser) |
Jen Clarke / David Hignell / Devik Mehta |
Tel: +44 20 3470 0470 |
|
Zeus Capital Limited (Joint Broker) |
Harry Ansell / Katy Mitchell |
Tel: +44 20 7220 1666 |
|
BlytheRay (Financial PR) |
Megan Ray / Rachael Brooks |
Tel: +44 20 7138 3204 |
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/
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 51 minutes ago M&G
- 1 hour ago AJ Bell
- 1 hour ago Pembroke Vct B
- 1 hour ago FirstGroup
- 1 hour ago Kainos Group