Koryx Copper Inc. Announces $10 Million Bought Deal Public Offering

Vancouver-based Koryx Copper Inc., a mining company specializing in metals and minerals, has announced a significant financial development. On July 9, 2025, the company revealed a $10 million bought deal public offering, as reported by CEO.ca. This strategic move is aimed at bolstering the company’s financial position and supporting its ongoing exploration and development activities.

Trading Halt Imposed by CIRO

In conjunction with the announcement of the public offering, the Canadian Investment Regulatory Organization (CIRO) has imposed a trading halt on Koryx Copper Inc.’s shares. The halt, effective at 4:00 PM ET on July 9, 2025, is due to pending news, as stated by both CEO.ca and Finanzen.net. CIRO, the national self-regulatory organization overseeing investment dealers and trading activities, implemented this temporary suspension to ensure a fair and orderly market.

Encouraging Drill Results at Haib Copper Project

Earlier in the week, on July 7, 2025, Koryx Copper Inc. reported additional encouraging drill results from its Haib Copper Project in Southern Namibia. According to multiple sources, including Globenewswire.com and Minenportal.de, the company completed six diamond drill holes, totaling 1,808 meters out of a planned 37 holes in Phase 2. The results have shown generally higher copper grades than the average mineral resource estimate (MRE) over large intercepts, indicating promising potential for the project.

Market Overview

As of July 7, 2025, Koryx Copper Inc.’s close price was CAD 1.12. The company’s market capitalization stands at CAD 80,180,000. Over the past year, the stock has experienced a 52-week high of CAD 1.29 on March 2, 2025, and a low of CAD 0.66 on August 6, 2024. The price-to-earnings ratio is currently at -6.64, reflecting the company’s ongoing development phase and lack of earnings.

Conclusion

Koryx Copper Inc. continues to make strategic moves to enhance its financial standing and capitalize on its exploration successes. The recent public offering and trading halt are pivotal developments as the company progresses with its projects and aims to deliver value to its shareholders.