Koryx Copper Inc.
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Koryx Copper Announces Further Significant Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2026-02-23 12:00
Highlights Assay results reported for a further 13 drill holes for 4,965m of infill & expansion diamond drilling. Notable, selected drill intercepts from the holes include: HM112: 602m @ 0.32% CuEq incl. 272m @ 0.44% CuEq incl. 40m @ 0.50% CuEq HM121: 495m @ 0.31% CuEq incl. 284m @ 0.42% CuEq HM117: 184m @ 0.51% CuEq (12 - 196m) incl. 16m @ 1.09% CuEq16m @ 0.46% CuEq (268 - 284m)30m @ 0.51% CuEq (300 - 330m) HM111: 64m @ 0.42% CuEq (154 - 218m) incl. 6m @ 0.74% CuEq HM114: 66m @ 0.40% CuEq (28 - ...
Koryx Copper Announces Closing of C$5 Million Sidecar Namibian Non-Brokered Private Placement for Total Financing of C$51 Million
Globenewswire· 2026-01-26 12:00
Core Viewpoint - Koryx Copper Inc. has successfully closed a non-brokered private placement offering, raising C$5,000,000 through the issuance of 2,040,816 common shares at a price of C$2.45 per share, primarily from Namibian investors [1][2]. Group 1: Financial Details - The private placement offering generated aggregate gross proceeds of C$5,000,000 [1]. - Finder's fees of C$150,000 were paid to Cirrus Capital (Pty) Ltd in connection with the placement [2]. - The net proceeds will be utilized for advancing technical studies on the Haib Copper Project, exploration activities, working capital, and general corporate purposes [2]. Group 2: Project Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia, which is a 100% owned asset [5]. - The Haib Copper Project is characterized as a large, advanced copper/molybdenum porphyry deposit with a significant history of exploration and development [5][6]. - Current mineral resources at Haib include 511 million tonnes at 0.33% copper and 51 parts per million molybdenum in the Indicated category, and 308.9 million tonnes at 0.31% copper and 40 parts per million molybdenum in the Inferred category [6][7]. Group 3: Regulatory and Compliance - The placement remains subject to final approval from the TSX Venture Exchange [3]. - All common shares issued under the placement will be subject to a hold period of four months and a day from the date of issuance [2].
Koryx Copper Announces Closing of $46 Million Bought Deal Financing and Concurrent $5 Million Namibian Non-Brokered Private Placement
Globenewswire· 2026-01-20 15:13
Core Viewpoint - Koryx Copper Inc. has successfully closed a bought deal private placement offering, raising C$46,001,323 through the issuance of 18,776,050 common shares at C$2.45 per share, indicating strong demand from investors [1][4]. Group 1: Offering Details - The offering was led by Stifel Canada as the lead underwriter, with a syndicate that includes several other financial institutions [2]. - The company also announced a strategic non-brokered private placement targeting Namibian investors, aiming to raise an additional C$5,000,000 through the sale of up to 2,040,816 common shares at the same price of C$2.45 per share [3]. - The net proceeds from both the offering and the placement will be utilized for mineral exploration, working capital, and general corporate purposes [5]. Group 2: Financial Terms - Underwriters received a cash commission of 6% on the gross proceeds of the offering, along with 563,281 compensation warrants, which allow the purchase of common shares at the issue price until January 20, 2028 [6]. - The offering is subject to final approval from the TSX Venture Exchange [7]. Group 3: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia and holds a portfolio of copper exploration licenses in Zambia [9]. - The Haib Copper Project is a significant copper/molybdenum porphyry deposit with a current mineral resource of 511 million tonnes at 0.33% copper and 51 parts per million molybdenum in the indicated category [10]. - The project has undergone extensive exploration and technical studies, positioning it as a potential long-life, low-cost copper production site [10][11].
Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-12-12 12:00
Core Insights - Koryx Copper Inc. announced positive assay results from 9 drill holes totaling 4,007 meters as part of its exploration and project development strategy for the Haib Copper Project in Namibia, reinforcing the project's strong fundamentals [2][4][5] Drill Results Summary - The latest drill results confirm consistent copper grades over wide intercepts, with notable intersections including 214 meters at 0.34% Cu and localized higher-grade zones such as 19 meters at 0.64% Cu [4][5] - The drilling program is progressing with 12 active rigs on site, focusing on resource conversion and geotechnical drilling in preparation for the Preliminary Feasibility Study (PFS) [5][28] - Geological modeling and mineral resource estimation are ongoing, with an updated mineral resource estimate expected to be published by the end of January 2026 [25][26] Project Overview - The Haib Copper Project is an advanced-stage, open-pit porphyry copper/molybdenum/gold project, characterized by its world-class geological scale and technical simplicity [3][31] - The current mineral resource includes 511 million tonnes at 0.33% Cu in the Indicated category and 308.9 million tonnes at 0.31% Cu in the Inferred category [33] Future Plans - The company is engaged in completing an updated mineral resource estimate that will incorporate gold and molybdenum by-product credits, enhancing the geological interpretation of the Haib deposit [4][25] - Ongoing engineering and metallurgical studies are being conducted to support the project's development, including assessments of power, water, infrastructure, and transport logistics [5][25]
Koryx Copper Provides Update on Zambia Projects with Definition of Drill Targets at Luanshya West and Completion of Regional Surface Geochemistry at Mpongwe
Globenewswire· 2025-12-05 12:00
Core Insights - Koryx Copper Inc. has provided updates on exploration results and progress on its two large-scale exploration licenses in Zambia, specifically the Luanshya West project and Mpongwe project [2][4] Group 1: Project Overview - Koryx holds the option to acquire up to 80% of the Projects in Zambia's Copperbelt, which is part of the Central African Copperbelt, the world's largest sedimentary rock-hosted stratiform copper province [3] - The Luanshya West Project is located in the Chambishi sub-basin, with mineralization along strike to known deposits at Chibuluma and Chifupu [5] - The Mpongwe Project has faced access challenges due to weather conditions but has begun reconnaissance mapping and regional soil sampling [23][25] Group 2: Exploration Progress - The 2025 field programs at Luanshya West have identified further copper and cobalt soil geochemistry anomalies and improved the ranking of these anomalies based on mapping and geophysical data [7][9] - A successful drone-mounted airborne magnetic survey has been completed, enhancing lithological and structural interpretations [8] - Initial regional surface sampling at the Mpongwe Project has been completed, with approximately 5,000 soil samples collected [25] Group 3: Target Identification - Multiple targets have been identified for drill testing at Luanshya West, with a drill program planned for early 2026 [9][22] - Specific targets such as LWT1, LWT3, and LWT6 have shown promising geochemical anomalies, with LWT1 being a priority due to high manganese, copper, and cobalt values [12][13][15] - The company plans to conduct approximately 3,000 meters of drilling, focusing on both direct target testing and deeper exploratory drilling [22] Group 4: License Ownership and Future Plans - The process to transfer the licenses into the company's wholly-owned subsidiary in Zambia is ongoing, with the company currently owning 51% and an option to earn up to 80% [27] - The company has retained legal counsel in Zambia to assist with the official documentation process [27]
Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-10-28 11:00
Core Insights - Koryx Copper Inc. has reported assay results from 17 drill holes totaling 5,556 meters as part of its exploration strategy for the Haib Copper Project in Namibia, confirming mineralization in target areas with copper grades meeting or exceeding the average mineral resource estimate [3][4][6] - The company is integrating updated geological models to enhance the understanding of copper and molybdenum distribution, aiming to publish an updated mineral resource estimate (MRE) by the end of 2025 [5][19][20] Drilling Results - The best intercepts from the recent drilling include significant copper grades, such as 40m at 0.37% Cu and 116m at 0.36% Cu from hole HM96, and 50m at 0.33% Cu from hole HM76 [1][14] - Drilling at various targets has confirmed strong copper mineralization, with notable results from Target 1, Target 2, Target 3, and Target 4, indicating continuity and potential tonnage gains [10][11][12][13] Geological Model Update - The geological team has completed relogging and reinterpretation of the lithological and structural models, which will assist in refining the mineral resource estimates and guide future drilling plans [4][5][21] - The updated models are expected to improve resource classification, converting Inferred material to Indicated category, and support the pre-feasibility study planned for 2026 [20][21] Future Plans - The company has received four additional drill rigs, increasing the total to eight, to accelerate the drilling program in the first half of 2026 [1][21] - An updated MRE is anticipated to reflect the successful drilling campaigns and may include gold for the first time as a discrete model [19][20] Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project, which is a large, advanced copper/molybdenum porphyry deposit with a long history of exploration and development [28][29] - The current mineral resource at Haib is estimated at 511 million tonnes at 0.33% Cu and 51 ppm Mo in the Indicated category, and 308.9 million tonnes at 0.31% Cu and 40 ppm Mo in the Inferred category [29][30]
Koryx Announces Results of Special Meeting
Globenewswire· 2025-10-17 19:24
Core Points - Koryx Copper Inc. has successfully held a special meeting of shareholders to approve the transfer of its registered office to Luxembourg and change its legal name to Koryx Copper S.A. [1][2] - A total of 51,606,515 common shares were represented at the meeting, accounting for approximately 53.75% of the total issued shares [1] - All resolutions presented at the meeting were approved by shareholders with overwhelming support, including the continuation, financial year approval, and appointment of new directors [2] Summary by Category Company Resolutions - The resolution for the continuation of the company in Luxembourg received 51,605,932 votes in favor, representing 99.999% of the votes [2] - The acknowledgment of the share capital composition was approved with 47,699,262 votes for, which is 92.43% of the votes [2] - The approval of the company's financial year and restatement of the Articles of Association also received 51,605,932 votes for, equating to 99.999% [2] Director Appointments - The appointment of Tarik El Hanch as a new resident director in Luxembourg was approved with 51,606,412 votes for, representing 99.999% [2] - Cristina Lara was also appointed as a new resident director with the same level of support [2] Future Actions - The continuation will take effect upon obtaining authorization from the BC Registrar and after the Luxembourg notary signs the notarial deed [2][3]
Koryx Files Updated PEA for the Haib Copper Project, Southern Namibia
Globenewswire· 2025-10-08 16:45
Core Insights - Koryx Copper Inc. has filed the Preliminary Economic Assessment (PEA) for its Haib Copper Project in Namibia, which is a significant step in advancing the project [1][7] - The PEA results were previously announced on September 4, 2025, and the technical report is publicly accessible on SEDAR+ [1][7] Company Overview - Koryx Copper Inc. is a Canadian copper development company focused on the Haib Copper Project, which is 100% owned by the company, and is also building a portfolio of copper exploration licenses in Zambia [4] - The Haib Copper Project is characterized as a large, advanced copper/molybdenum porphyry deposit with a long history of exploration and development by various operators [4] Mineral Resource Details - The current mineral resource at the Haib Copper Project includes 511 million tonnes (Mt) at 0.33% copper (Cu) and 51 parts per million (ppm) molybdenum (Mo), equating to 1,668 thousand tonnes (kt) of contained copper and 25.9 kt of contained molybdenum in the Indicated category [5] - Additionally, there are 308.9 Mt at 0.31% Cu and 40 ppm Mo, representing 949 kt of contained copper and 12.4 kt of contained molybdenum in the Inferred category [5] Geological Characteristics - The mineralization at Haib is typical of a porphyry copper deposit and is one of the few Paleoproterozoic porphyry copper deposits globally, as well as one of only two in southern Africa [6] - The deposit has undergone multiple metamorphic and deformation events but retains classic mineralization features, primarily consisting of chalcopyrite with minor bornite and chalcocite [6]
Koryx Copper Announces Amendments to Shareholder Meeting Matters
Globenewswire· 2025-10-07 23:26
Core Viewpoint - Koryx Copper Inc. is seeking shareholder approval for the transfer of its registered office to Luxembourg and the continuation of its legal personality as Koryx Copper S.A. due to an ongoing labor dispute affecting the authorization process in British Columbia [2][3][4]. Group 1: Company Actions and Resolutions - The special meeting of shareholders is scheduled for October 15, 2025, to vote on the proposed Continuation and ancillary resolutions [2]. - The Continuation will become effective upon obtaining authorization from the BC Registrar and the signing of the notarial deed in Luxembourg [4]. - The directors and management recommend shareholders vote in favor of the proposed resolutions [5]. Group 2: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia, which is a significant copper/molybdenum porphyry deposit [6]. - The Haib project has a current mineral resource estimate of 414 million tonnes at 0.35% copper in the Indicated category and 345 million tonnes at 0.33% copper in the Inferred category [7]. - The mineralization at Haib is characterized by chalcopyrite, with the project being one of the few Paleoproterozoic porphyry copper deposits globally [8].
Koryx Copper Announces Planned Continuation to Luxembourg
Globenewswire· 2025-09-05 11:00
Core Viewpoint - Koryx Copper Inc. plans to change its corporate domicile from British Columbia, Canada to Luxembourg, aiming to better align its legal structure with operational and financing strategies, while continuing to support shareholder interests [1][2]. Group 1: Corporate Change - The company intends to change its name to Koryx Copper S.A. and expects the change to be effective on October 16, 2025, pending shareholder and stock exchange approval [1][3]. - The Continuation will not disrupt the trading of the company's shares on the TSX Venture Exchange and Namibian Securities Exchange [1][4]. - A special meeting of shareholders is scheduled for October 15, 2025, to discuss the Continuation and related matters [4]. Group 2: Strategic Rationale - The Continuation is expected to provide expanded strategic flexibility and enhanced access to international markets, creating a favorable environment for future investments [2]. - The move aligns the company's legal and corporate structure with its operational footprint and financing strategy [2]. Group 3: Company Overview - Koryx Copper Inc. focuses on advancing the Haib Copper Project in Namibia, which is a significant copper/molybdenum porphyry deposit [6]. - The Haib project has a current mineral resource of 414 million tonnes at 0.35% copper in the Indicated category and 345 million tonnes at 0.33% copper in the Inferred category [7]. - The mineralization at Haib is characterized as typical of a porphyry copper deposit, with significant historical exploration and development [8].