Phoenix Copper Ltd. confirmed that the Initial Term of the short-term $2,000,000 loan facility, first announced on 24 March 2023 has been extended by approximately two weeks until 8 December 2023. The Company has requested this extension in order to allow sufficient time to conclude discussions with cornerstone investors regarding the Company's corporate copper bond issue, as disclosed in the Company's interim accounts dated 28 September 2023. The Company retains the option to further extend the Loan Facility until 23 March 2024, on the same terms as previously announced.