Koryx Copper Announces Closing of C$5 Million Sidecar Namibian Non-Brokered Private Placement for Total Financing of C$51 Million

Executive Summary

• Koryx Copper Inc. closed a sidecar non‑brokered private placement of 2,040,816 common shares at C$2.45 per share, generating C$5 million in gross proceeds.
• Proceeds are earmarked for technical studies and continued exploration on the Haib Copper Project, as well as working capital and general corporate purposes.
• All issued shares are subject to a hold period of four months plus one day and the placement remains pending final TSXV approval.

Key Details

• Placement Size: 2,040,816 common shares
• Price per Share: C$2.45
• Gross Proceeds: C$5,000,000
• Structure: Sidecar non‑brokered private placement (complementary to the CAD $46 M bought‑deal financing announced Jan 6, 2026 and closed Jan 20, 2026)
• Finder’s Fee: C$150,000 paid to Cirrus Capital (Pty) Ltd
• Use of Proceeds:
• Advance technical studies on the Haib Copper Project
• Continue exploration activities on the property
• Working capital and general corporate purposes
• Hold Period: Shares subject to a lock‑up expiring four months and one day after issuance
• Regulatory Condition: Placement remains subject to final approval by the TSX Venture Exchange (TSXV)

Notable Quotes

“The net proceeds from this placement will enable us to accelerate technical work on Haib and sustain our exploration momentum,” – Heye Daun, President & CEO.