Berlin, 26 September 2024 – NIU Invest, a leading European investment company, today responded to Phoenix Copper Limited’s interim results, published on 26 September 2024. Phoenix Copper Limited (AIM: PXC, OTCQX ADR: PXCLY), a USA-focused base and precious metals company, continues to make significant progress in its flagship Empire open-pit mine project in Idaho.

Cevdet Caner, founder of NIU Invest SE, reiterated NIU’s confidence in Phoenix Copper’s operations, stating: “NIU Invest SE confirms that Phoenix Copper Limited has our full support. We are in the process of reviewing the information in the recent feasibility study and expect to resume a revised drawdown schedule in the near future.”

Phoenix Copper Limited is rapidly advancing its position as an emerging producer, focusing on copper, gold, and silver extraction in the United States. The Empire Mine, located in Idaho, forms the cornerstone of Phoenix Copper’s portfolio, with extensive proven reserves of critical metals, crucial for the transition to cleaner energy, electrification of transport, and supporting the digital revolution.

In June 2024, NIU Invest SE made its initial investment of US$5 million in Phoenix’s US$80 million fully subscribed corporate copper bond issue. This capital injection, combined with equity participation, has been earmarked for the development of the Empire open-pit mine, further underscoring NIU Invest’s commitment to sustainable growth and strategic investments in critical materials.

About NIU Invest SE

Founded by Austrian entrepreneur Cevdet Caner in 2022, NIU Invest SE is an innovative European investment company with a focus on entrepreneurship, value creation, and legacy building. Headquartered in Berlin with offices in London, NIU Invest SE operates across sectors including Green Transition, Real Estate, Private Equity, and Capital Markets, providing a range of connected services. The company is dedicated to investing in projects that drive the transition to cleaner energy and electrification, aligning with global sustainability goals.

For more information about NIU Invest SE, please visit www.niu-invest.com.

Contact Information:

NIU Invest SE
Sandro Lassmann
Managing Director
[email protected]
+49 30 2364 4004