KORYX COPPER ANNOUNCES $25 MILLION BOUGHT DEAL FINANCING

The most recent news (January 6, 2026) announces a $25 million bought deal private placement at $2.45 per share. The financing is led by Stifel Canada and utilizes the Listed Issuer Financing Exemption, meaning the shares are free-trading immediately. The proceeds are earmarked for advancing technical studies (Pre-Feasibility Study/PFS), exploration at the Haib Copper Project in Namibia, and general working capital.

This financing is a material positive for Koryx Copper. It provides the necessary liquidity to maintain the momentum of the 12-rig drill program and technical studies following the September 2025 Preliminary Economic Assessment (PEA). - Institutional Validation: Raising $25 million at $2.45—more than double the $1.05 price of the July 2025 financing—indicates strong institutional support and a re-rating of the company’s valuation. - Immediate Liquidity: The lack of a hold period on the new shares suggests high demand, though it could create short-term churn as investors lock in arbitrage profits. - De-risking the PFS: The company is moving from a PEA to a PFS. With a project Capex estimated at $1.56 billion, constant access to capital is required to keep the project viable for a potential major partner or acquirer.

Koryx Copper’s flagship is the 100%-owned Haib Copper Project in southern Namibia. It is one of the largest and oldest porphyry copper deposits in Africa. - The Deposit: A massive, low-grade (0.33-0.35% Cu) porphyry. - PEA Metrics (Sept 2024/2025): 23-year mine life, 92,000 tonnes of annual copper production (first 10 years). After-tax NPV8% of $1.35 billion with an IRR of 20.1%. - Strategy: Management is focused on identifying higher-grade "starter pits" through 55,000m of drilling to improve early-year economics.