Director & PDMR Share Purchases
Phoenix Copper Limited announced that four directors and an advisory board member purchased a total of 3,920,719 ordinary shares on December 11, 2025. The Executive Chairman acquired 1,000,000 shares at 1.85 pence, the CEO and CFO each bought 550,000 shares at 1.83 pence, a Non-Executive Director purchased 1,420,719 shares at 1.85 pence, and an Advisory Board member bought 400,000 shares at 1.85 pence. These transactions, totaling 3,920,719 shares, were made at prices of 1.83 pence and 1.85 pence per share, indicating significant insider confidence in the company's prospects.
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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.
| . | 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 |
| a) | Name: | Phoenix Copper Limited |
| b) | LEI: | 2138006UWPZAB1A75680 |
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares ISIN: VGG7060R1139 |
| b) | Nature of the transaction: | Director Share Purchase |
| c) | Price(s) and volume(s): | Price(s) Volume(s) 1 . 2. 3. 4. 5. 1.85 pence 1.83 pence 1.83 pence 1.85 pence 1.85 pence 1,000,000 550,000 550,000 1,420,719 400,000 |
| 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 |
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).
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.