Koryx Copper Inc. has successfully raised N.6 million through a private placement, bolstering its funding efforts in Namibia.
The company completed a sidecar non-brokered private placement primarily with Namibian investors, bringing its total fundraising to N6.2 million. This latest placement involved issuing 2,040,816 common shares at N.69 each, consistent with earlier financing terms announced in January 2026.
Koryx Copper Secures N.6 Million in Namibia
Koryx Copper Inc. has completed a significant fundraising round, attracting mainly local institutional and retail investors. The N.6 million raised will support the company’s ongoing projects, particularly the Haib Copper Project in southern Namibia.
This project is notable for its large copper-molybdenum porphyry deposit, which has a long history of exploration. The funds will be allocated to advance technical studies, continue exploration activities, and cover general corporate purposes.
Namibian Investors Back Koryx Copper’s Growth
The private placement involved the issuance of 2,040,816 common shares at N.69 each. This move aligns with Koryx’s previous financing efforts, which totaled N8.7 million. The company also paid a finder’s fee of N.76 million to Cirrus Capital in connection with the transaction.
All shares issued are subject to a statutory hold period of four months and one day from the issuance date, ensuring a structured approach to this investment.
Next Steps for Koryx Copper
- Advance technical studies at the Haib Copper Project.
- Continue exploration activities on the property.
- Support working capital and general corporate purposes.
- Await final approval from the TSX Venture Exchange.
Koryx Copper’s recent fundraising marks a significant step in advancing its Namibian projects.
