Sign Up

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

Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, British Columbia, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (the "Company") (TSXV:KRY) is pleased to announce that it has closed its previously announced sidecar non-brokered private placement offering (the "Placement") to predominantly Namibian institutional and retail investors, of an aggregate 2,040,816 common shares of the Company (the "Common Shares") at a price of C$2.45 per Common Share for aggregate gross proceeds to the Company of C$5,000,000. The terms are consistent with the CAD$46M Bought Deal financing announced on January 6, 2026 and closed on January 20, 2026.

The Company paid finder's fees of C$150,000 to Cirrus Capital (Pty) Ltd in connection with the Placement. The Company intends to use the net proceeds of the Placement to advance technical studies on the Haib Copper Project and continue exploration on the property, working capital and general corporate purposes. All Common Shares issued under the Placement will be subject to a hold period expiring four months and a day from the date of issuance.

The Placement remains subject to the final approval of the TSXV Venture Exchange (the "TSXV").

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered ...