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Koryx Copper ( (TSE:KRY) ) has issued an announcement.
Koryx Copper Inc. has announced a $10 million bought deal public offering, led by Stifel Nicolaus Canada Inc., to fund technical studies and exploration at its Haib Copper Project. The offering is expected to enhance Koryx’s operational capabilities and strengthen its market position in the copper industry, with potential implications for stakeholders as the company aims to establish Haib as a long-life, low-cost copper project.
The most recent analyst rating on (TSE:KRY) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Koryx Copper stock, see the TSE:KRY Stock Forecast page.
More about Koryx Copper
Koryx Copper Inc. is a Canadian copper development company focused on advancing the Haib Copper Project in Namibia and progressing its copper exploration licenses on the Zambian copper belt. The Haib project is a large, advanced copper/molybdenum porphyry deposit with a significant history of exploration and development.
Average Trading Volume: 77,256
Technical Sentiment Signal: Buy
Current Market Cap: C$78.05M
For a thorough assessment of KRY stock, go to TipRanks’ Stock Analysis page.