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Koryx Copper ( (TSE:KRY) ) has shared an announcement.
Koryx Copper has upsized its previously announced bought deal private placement to C$40 million, with Stifel Canada acting as sole bookrunner and underwriters agreeing to purchase over 16.3 million common shares at C$2.45 each under the listed issuer financing exemption. The net proceeds will be used to advance technical studies and exploration at the Haib Copper Project, strengthen working capital and fund general corporate purposes, a move that underscores strong investor demand and provides additional capital to accelerate project development in Namibia while potentially enhancing Koryx’s position in the copper sector.
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, a large, advanced PEA-stage copper-molybdenum porphyry deposit in southern Namibia, while also progressing two copper exploration licences in Zambia’s copper belt.
Average Trading Volume: 93,775
Technical Sentiment Signal: Buy
Current Market Cap: C$264.8M
Find detailed analytics on KRY stock on TipRanks’ Stock Analysis page.