Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the USA-focused base and precious metals emerging producer and exploration company, has announced the appointment of PKF Littlejohn LLP as its new auditor following a formal tender process overseen by the Company's Audit and Risk Committee. The change follows the resignation of previous auditor Crowe U.K. LLP, which took effect on 25 September 2026. PKF Littlejohn will audit Phoenix Copper's financial statements for the year ending 31 December 2026, with shareholder approval of the appointment to be sought at the 2027 Annual General Meeting. Investors in AIM-listed resource companies typically regard auditor continuity and transition transparency as governance indicators worth monitoring.

Key Points

  • Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY)
  • PKF Littlejohn LLP appointed as auditor following a formal Audit and Risk Committee-led tender process
  • PKF will audit the financial year ending 31 December 2026; shareholder ratification expected at the 2027 AGM
  • Investors should watch for the 2027 AGM confirmation vote and the audited 2026 annual results

PKF Littlejohn Appointed After Formal Tender Process Led by Phoenix Copper's Audit and Risk Committee

Phoenix Copper's Board approved the appointment of PKF Littlejohn LLP following the conclusion of a structured tender process managed by the Company's Audit and Risk Committee. The announcement states that PKF will be responsible for auditing the Company's financial statements for the financial year ending 31 December 2026. The appointment is subject to formal shareholder approval, which will be sought at Phoenix Copper's next Annual General Meeting, scheduled to take place in 2027. The structured tender process indicates the Board followed a governance-led approach to selecting its new audit firm rather than making a direct appointment.

Crowe U.K. LLP Resignation on 25 September 2026 Triggered the Auditor Search

The auditor change was prompted by the resignation of Crowe U.K. LLP, which took effect from 25 September 2026. Importantly, the announcement states that Crowe has confirmed to PKF Littlejohn that there are no circumstances connected with its resignation that it considers should be brought to the attention of the Company's members or creditors. This confirmation is a standard but significant disclosure in auditor change announcements and suggests the transition does not relate to any unresolved concerns regarding Phoenix Copper's financial statements or reporting practices.

Phoenix Copper's Empire Mine in Idaho Holds 10.1 Million Tonnes in Proven and Probable Reserves

Phoenix Copper is an AIM-quoted emerging producer focused on copper, gold, and silver extraction in the United States. Its flagship asset is the Empire Mine, located in the Alder Creek mining district near Mackay, Idaho, in which the Company holds an 80% ownership stake. In May 2024, Phoenix published its inaugural mineral reserve statement for the Empire Open-Pit Mine, reporting proven and probable reserves of 10.1 million tonnes containing 109,487,970 lbs of copper, 104,000 oz of gold, and 4,654,400 oz of silver. The Company's land package at Empire spans 8,434 acres across 34 square kilometres.

Broader Idaho Asset Portfolio and Dual-Market Listing Underpin Phoenix Copper's Investment Profile

Beyond the Empire Mine, Phoenix Copper's Idaho holdings include the Horseshoe, White Knob, and Blue Bird Mines, a high-grade silver and lead orebody at Red Star, and the Navarre Creek gold exploration project, first drilled in 2023. The Company also owns two cobalt properties along the Idaho Cobalt Belt, with an Earn-In Agreement established on one of these assets. Phoenix Copper trades on both London's AIM market under the ticker PXC and on New York's OTCQX Market under PXCLF and PXCLY, giving the Company a dual-market profile that investors across both exchanges will be monitoring as the 2026 audit cycle progresses.