Assessment Fee Payments & Indigo Capital Repayment

Phoenix Copper Limited (AIM: PXC), the AIM quoted, 100% USA focused base and precious metals emerging producer and exploration company, is pleased to announce that following the completion of the recent fundraise, it has paid the assessment fees of its unpatented mining claims in Idaho, thereby securing the unpatented holdings for another calendar year.

In addition, the Company also confirms that it has repaid in full the principal amount owed to Indigo Capital LP, thereby discharging all contractual obligations under the convertible loan agreement which was announced on 4 December 2025.

The Company's Directors look forward to providing shareholders with more operational updates in the coming weeks.

For further information please visit https://phoenixcopperlimited.com.

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).