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Koryx Copper ( (TSE:KRY) ) just unveiled an update.
Koryx Copper Inc. has successfully closed a $25 million financing deal, consisting of a public offering and a private placement. The funds will be used to advance technical studies and exploration at the Haib Copper Project in Namibia. The financing received strong support from Namibian investors, who contributed significantly to the capital raised, demonstrating confidence in Koryx’s strategy. This financial boost positions the company to accelerate its development plans and achieve key milestones, enhancing its industry positioning and stakeholder value.
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. operates in the mining industry, focusing primarily on copper exploration and development. The company is engaged in the fast-tracked development of the Haib copper deposit located in Namibia, which is known for being a world-class, long-life, and low-cost copper project.
Average Trading Volume: 105,595
Technical Sentiment Signal: Buy
Current Market Cap: C$75.5M
Learn more about KRY stock on TipRanks’ Stock Analysis page.