Koryx Copper Inc. (KRY) Financings
TSXV: KRY · Copper, Gold, Molybdenum · Advanced Exploration stage
- Market cap$358.1M
- Share price$2.94
- 52-week range$1.50 – $3.90
- Shares outstanding121,582,882
- ExchangeTSXV
Koryx Copper S.A. is a Luxembourg domiciled copper development Company focused on advancing its 100% owned Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large copper porphyry deposit in southern Namibia with significant gold and molybdenum credits and a long history of exploration and project development by multiple operators. More than 160,000m of drilling has been conducted at Haib since the 1970's with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975), Teck (2014) and Koryx Copper (2021-2026). Extensive further drilling, metallurgical testing and various technical studies have been completed at Haib. Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide milling and flotation copper project with additional heap leach potential. Mineralisation at Haib is typical of a porphyry copper deposit and is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment. Haib is one of only a few examples of a Paleoproterozoic porphyry copper deposit in the world. Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralisation and alteration features typical of these deposits.
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Koryx Copper Inc. financial statements
Key figures read from 40 of 40 financial statement filings, Jan 24, 2017 to Jul 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$30,377,870 | C$2,272,081 | C$71,632 | C$796,760 | C$2,307,138 |
| Total current assets | C$33,292,047 | C$2,632,771 | C$229,575 | C$866,663 | C$2,443,161 |
| Total current liabilities | C$317,486 | — | — | — | — |
| Working capital | C$32,974,561 | — | — | — | — |
| Exploration and evaluation assets | — | C$0 | C$703,763 | C$305,503 | C$7,188,254 |
| Property, plant and equipment | C$790,880 | C$217,609 | C$12,258 | C$78,312 | C$179,826 |
| Total assets | C$34,243,207 | C$2,850,380 | C$945,596 | C$1,250,478 | C$9,811,241 |
| Debt | — | — | — | — | C$0 |
| Total liabilities | C$3,150,567 | C$180,121 | C$107,833 | C$110,593 | C$194,306 |
| Shareholders' equity | C$34,243,207 | C$2,670,259 | C$837,763 | C$1,139,885 | C$9,616,935 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (C$10,758,731) | C$2,337,799 | — | — | — |
| General and administrative | (C$1,688,255) | C$916,256 | C$901,541 | C$740,697 | C$1,267,774 |
| Share-based compensation | (C$2,240,845) | C$371,690 | C$55,897 | C$342,634 | C$547,771 |
| Impairments and write-downs | C$0 | C$63,951 | C$0 | (C$69,001) | C$0 |
| Net income (loss) | (C$16,493,995) | (C$4,068,243) | (C$1,410,524) | (C$8,920,353) | (C$2,666,439) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | — | (C$3,858,321) | (C$1,435,461) | (C$1,233,697) | (C$2,393,028) |
| Investing cash flow | (C$381,374) | (C$157,815) | (C$342,172) | (C$276,681) | (C$2,191,956) |
| Financing cash flow | C$42,097,766 | — | — | C$0 | C$6,888,636 |
| Exploration spending (capitalized) | — | — | (C$411,232) | (C$275,628) | (C$1,966,725) |
| Proceeds from share issues | C$39,855,485 | — | — | C$0 | C$6,917,075 |
| Change in cash | — | C$2,200,449 | (C$725,128) | (C$1,510,378) | C$2,303,652 |
| Cash at end of period | C$30,377,870 | C$2,272,081 | C$71,632 | C$796,760 | C$2,307,138 |
Koryx Copper Inc. financings
2 financings announced or closed by Koryx Copper Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-06 | Koryx Copper Inc. (KRY) | LIFE offering, bought deal | Closed, 2 tranches | $40.0M | $2.45 | Koryx Copper Announces $25 Million Bought Deal Financing |
| 2025-07-09 | Koryx Copper Inc. (KRY) | Private placement, bought deal | Closed, 1 tranche | $25.0M | $1.05 | Koryx Copper Announces $10 Million Bought Deal Public Offering |
Koryx Copper Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Koryx Copper Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2021-04-15 | Convertible debenture, converted | — | C$389,117 | matures 2021-08-30 |