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An update from Koryx Copper ( (TSE:KRY) ) is now available.
Koryx Copper has launched a C$25 million bought deal private placement, led by Stifel Canada as sole bookrunner, to issue 10,205,000 common shares at C$2.45 per share under Canada’s listed issuer financing exemption, with an option for underwriters to purchase up to an additional 1,530,750 shares on the same terms. The financing, which is expected to close around January 20, 2026 pending regulatory approvals, will fund technical studies and ongoing exploration at the Haib Copper Project in Namibia as well as working capital and general corporate purposes, bolstering the company’s ability to advance its flagship asset and Zambian copper licences while potentially enhancing liquidity through freely tradeable shares issued under the exemption.
The most recent analyst rating on (TSE:KRY) stock is a Buy with a C$3.75 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 its 100%-owned Haib Copper Project in Namibia, a large, advanced PEA-stage copper-molybdenum porphyry deposit with a long history of exploration and more than 80,000 metres of drilling. The company is also progressing two copper exploration licences on Zambia’s prolific copper belt, positioning it as an emerging player in African copper assets critical to global energy transition and industrial demand.
Average Trading Volume: 92,421
Technical Sentiment Signal: Buy
Current Market Cap: C$264.8M
For detailed information about KRY stock, go to TipRanks’ Stock Analysis page.