Phoenix Copper

What Phoenix Copper does

Phoenix Copper Limited is a copper-focused mineral exploration and development company whose flagship asset is the Empire Copper Reserve, an open-pit oxide project in Custer County, Idaho, USA, held through an 80%-owned operating subsidiary, Konnex Resources Inc. (ExGen Resources retains a 20% carried interest). The company is incorporated in the British Virgin Islands, headquartered in London (8 Shepherd Market, W1J 7JY), and dual-listed on AIM (LSE: PXC) and OTCQX (PXCLY); the main country of operation is the United States, with field offices in Mackay and Boise, Idaho. NI 43-101 compliant contained metal across measured, indicated and inferred categories stands at approximately 129,641 tonnes of copper, 355,523 ounces of gold, 10,133,772 ounces of silver and 58,440 tonnes of zinc, and a 2024 Pre-Feasibility Study contemplates an 8-year mine life producing over 8,000 metric tonnes of copper equivalent annually. The processing flowsheet is cyanide-free and combines flotation, agitated tank leach and heap leach solvent extraction-electrowinning (SX-EW), supported by pre-owned milling, laboratory and tailings equipment that lowers initial capex.

Beyond Empire, the portfolio includes the Empire Copper Sulphide Vein System (a deeper high-grade underground target, with 2021 drilling intercepting 8.38% Cu and significant polymetallic credits), the Navarre Creek grassroots gold project, Custer County silver-lead-zinc prospects (Red Star maiden resource of 1.6 million silver-equivalent ounces), and two early-stage cobalt properties in the Idaho Cobalt Belt (Redcastle under earn-in from Electra Battery Materials, and Bighorn). Phoenix operates a multi-metal exploration business that has delivered over 200% resource growth and 485 drill holes since acquiring the Empire project in 2017, and holds Digbee ESG 'A' ratings for 2022 and 2023.

The business model is pre-revenue: Phoenix has not yet commenced production and will sell extracted copper, gold, silver and other metals directly to industrial buyers, commodity traders and smelters at prevailing market prices once the Empire Open-Pit is in production. Revenue mechanics are therefore commodity-price-linked, with a thematic emphasis on supplying metals into clean-energy, electrification and US critical-minerals/defense end markets. Capital to date has come from a mix of small debt facilities (USD 2.0M from RiverFort in March 2023 and a $2.1M Indigo Capital convertible note) and AIM equity issuance. The company employs 11-50 staff, has a market capitalisation of approximately £3.17M as of March 2026, and in February-March 2026 underwent a material governance event in which the Executive Chairman and CFO were suspended and dismissed following investigation into ~$1.765M of undisclosed related-party payments; Catherine Evans was appointed interim chair.

Name

Phoenix Copper

Legal name

Phoenix Copper Limited

Website

https://phoenixcopperlimited.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Phoenix Copper Limited is a pre-revenue, AIM-listed mineral exploration and development company focused on the Empire Copper Reserve open-pit project in Idaho, USA, with additional gold, silver and cobalt prospects across Custer and Lemhi Counties, supplying future copper output to industrial and clean-energy buyers.

Ownership category

akta.pro rank

Product category

Copper and precious metals mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industry

Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Copper mining
• Precious metals exploration
• Mineral resource development
• Open-pit mining
• Cobalt exploration

Headquarters

HQ city

City Of London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Copper Production and Sales: Phoenix Copper is a pre-revenue exploration and development company. Upon production at the Empire Open-Pit Mine, the company expects to generate revenue from selling copper, gold, and silver extracted from its Idaho mining operations. The projected mine life is 8 years producing over 8,000 metric tonnes of copper equivalent metal annually.
2. Exploration Properties Monetization: The company holds exploration properties for cobalt, gold, silver, and other metals in Idaho which may be monetized through future production, joint ventures, or asset sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Phoenix Copper is a copper-focused exploration and development company developing the Empire Open-Pit Mine in Custer County, Idaho, USA, with the intent of producing and selling copper, gold, silver, and other metals. The company uses flotation, agitated tank leach (cyanide-free), and heap leach SX-EW processing technologies, and holds additional exploration properties for copper sulphide, gold, silver, and cobalt across Idaho.

Product overview

Phoenix Copper is a copper-focused exploration and development company operating in Idaho, not a traditional software product company. Its core offerings consist of mining projects at various stages of development: the Empire Copper Reserve (open-pit copper oxide mine in detailed engineering design phase), the Empire Copper Sulphide Vein System (underground sulphide exploration target beneath the open pit), Navarre Creek Gold Exploration (grassroots gold project), Custer County Exploration Properties (copper, gold, silver prospects including Red Star), and Lemhi County Cobalt Exploration Properties (early-stage cobalt exploration in the Idaho Cobalt Belt). The company produces metals essential for electrification and clean energy from these mining operations and exploration activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Empire Copper Reserve Flagship open-pit copper oxide mining project near Mackay, Idaho, in detailed engineering design phase; uses flotation and agitated tank leach (cyanide-free) recovery to produce copper, gold, and silver. Proven and probable reserves total approximately 10,097 thousand tonnes at 0.49% copper, with an expected 8-year mine life producing over 8,000 metric tonnes of copper equivalent metal annually. Intended for sale to industrial buyers, commodity traders, and smelters.
• Empire Copper Sulphide Vein System Underground copper sulphide vein system located deep below the Empire Copper Reserve, with historical ore grades up to 8% copper, 1.64 g/T gold, and 54 g/T silver, and a 2021 drill intercept of 8.38% copper. The system extends over 5 kilometers and remains largely unexplored, providing exploration upside and potential future underground production.
• Navarre Creek Gold Exploration Grassroots gold exploration project located approximately 5km west of the Empire Copper Reserve in Custer County, Idaho. The 2023 drilling program identified a continuous zone of anomalous, low-grade gold mineralization within a 4,000-acre (16.09 sq km) claim block, with a 6.1 km gold strike length within a 14.48 km area.
• Custer County Exploration Properties Exploration properties within 5km of the Empire Copper Reserve with potential for copper, gold, and silver mineralization. Includes the Red Star silver exploration property (maiden resource of 1.6 million silver equivalent ounces) and the historical high-grade Horseshoe and White Knob claim blocks that produced average grades of 204 g/t silver, 19% lead, 6.5% zinc, and 0.73% copper.
• Lemhi County Cobalt Exploration Properties Two early-stage cobalt exploration properties (Redcastle and Bighorn projects) located within the Idaho Cobalt Belt in Lemhi County, Idaho. Redcastle comprises 30 unpatented mining claims totaling 2.43 sq km with an earn-in agreement with Electra Battery Materials. Bighorn comprises 29 unpatented mining claims covering 2.35 sq km adjoining the historic Salmon Canyon copper-cobalt mine.

Quantifiable outcome

• Expected annual production: over 8,000 metric tonnes of copper equivalent metal
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ExGen ResourcescoreStrategic or Co-development PartnerPhoenix Copper operates the Empire copper project in Idaho where ExGen Resources holds a 20% carried interest. ExGen is the operator of the Telegraph porphyry copper-gold project in British Columbia. Jason Riley, CEO of ExGen Resources, serves as Non-Executive Director and Chairman of Konnex Resources.
• Electra Battery MaterialsminorStrategic or Co-development PartnerEarn-in agreement signed with Electra Battery Materials for the Redcastle cobalt exploration property. Redcastle is located within the Idaho Cobalt Belt adjoining Electra's Iron Creek project. A 2023 field program discovered a previously unknown copper anomaly within the earn-in agreement's Area of Interest.
• Digbee ESGcoreStrategic or Co-development PartnerDigbee ESG is a third-party ESG disclosure and verification platform specific to mining companies. Phoenix Copper voluntarily partners with Digbee for independent assessment of sustainability practices. The Digbee ESG framework aligns with SASB, GRI, ICMM, and TCFD standards.
• SatarlaminorStrategic or Co-development PartnerSatarla is an independent risk management and research company that verifies information submitted through the Digbee ESG platform for Phoenix Copper's sustainability reporting.
• Konnex ResourcescoreStrategic or Co-development PartnerPhoenix Copper operates through its 80%-owned subsidiary Konnex Resources, which operates the Empire Copper Reserve and holds the mining claims in Custer County, Idaho. ExGen Resources holds the remaining 20% carried interest.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Faraday Copper: North American copper-focused exploration and development company advancing the Copper Creek project in Arizona toward a PEA/Pre-Feasibility stage. Closely comparable to Phoenix Copper as a pre-revenue copper developer building a multi-thousand-tonne copper project in a Tier-1 US jurisdiction.
• Arizona Sonoran Copper: Copper developer focused on the Cactus Project in Arizona progressing through feasibility to construction. Comparable pre-revenue copper developer peer using SX-EW heap-leach flowsheets on oxide copper projects in the US Southwest.
• Solaris Resources: Copper exploration/development company advancing the Warintza porphyry copper project in Ecuador. Relevant peer given the same copper-focused, single-asset, pre-production development profile targeting offtake from global commodity buyers.
• Augusta Gold: US-focused gold/silver developer advancing the Reward and Bullfrog projects in Nevada toward construction. Comparable as a small-cap, US-jurisdiction precious-metals developer with parallel permitting, financing, and ESG positioning challenges.
• Perpetua Resources: Idaho-based mining developer with the Stibnite gold-antimony project, sharing the same Idaho operating jurisdiction, small-cap AIM-adjacent investor base, and dependence on US permitting and ESG credentials relevant to Phoenix Copper.
• MAG Silver: Silver-focused development company advancing the Juanicipio silver project in Mexico with operator Fresnillo. Direct peer on the precious-metals (silver/gold) development theme and AIM-listed small-cap precious-metals investment profile.

Broad incumbents

• Coeur Mining: US-headquartered silver and gold producer with operations across North America, including historic Idaho presence (Silver Valley). Broad incumbent peer covering Phoenix's silver/gold by-product exposure and ESG-rated US mining model.
• Hudbay Minerals: Mid-tier copper producer with operating mines in Canada, Peru and the US, plus copper exposure via the Copper Mountain mine in British Columbia. Broad incumbent comparable on copper-focused polymetallic production model and ESG disclosure practices.
• Capstone Copper: Mid-tier copper producer with operating mines in the Americas (Mantos Blancos, Pinto Valley, Cozamin, Mantoverde). Relevant broader incumbent comparable for copper-focused mining with by-product gold/silver credits and the path from developer to producer that Phoenix is targeting.
• Freeport-McMoRan: World's largest publicly traded copper producer with major operations in Arizona and globally. Broad incumbent comparable defining the long-term benchmark for US-jurisdiction copper production, ESG reporting, and offtake relationships that Phoenix Copper would seek to access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Phoenix_Copper
• YouTubeyoutube.com/channel/UCYgj0y-_OkgU-QxwhMfewZw
• Facebookfacebook.com/PhoenixCopperLtd
• LinkedInlinkedin.com/company/phoenix-copper

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenix Copper