CHAMWE KAIRA
Koryx Copper Inc has announced that it has successfully completed all requirements for a dual listing on the Namibian Stock Exchange (NSX).
The company’s primary listing will remain on the TSX Venture Exchange in Canada.
Heye Daun, President and CEO of Koryx Copper, said the dual listing reflects the company’s long-term commitment to Namibia and its mining sector.
“Koryx Copper’s dual listing on the Namibian Securities Exchange marks an important milestone which demonstrates our commitment to Namibia and its thriving mining sector and well developed capital markets,” said Daun.
We have a significant and highly supportive local Namibian shareholder base and this listing is intended to make it easier for local retail and institutional shareholders to invest in Koryx through on-market purchases or participation in future financings. It therefore not only deepens our connection with local investors but also underscores our confidence in Namibia as a premier mining jurisdiction. By expanding our shareholder base and enhancing market liquidity, we are strengthening our foundation for long-term growth while ensuring Namibians have a direct stake in the country’s resource-driven prosperity.”
Koryx is a Canadian copper development company focused on advancing the 100% owned, preliminary economic assessment stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia.
Haib is a large and advanced copper deposit in southern Namibia with a long history of exploration and project development by multiple operators.
Mineralisation at Haib is typical of a porphyry copper deposit and the deposit remains intact.
Porphyry copper deposits are a major global source of copper with the best known examples being concentrated around the Pacific Rim, North America and South America.
Haib is one of the few examples of a porphyry copper deposit in the world and one of only two in southern Africa (both in Namibia).
Due to its age, the deposit has been subjected to multiple metamorphic and deformation events, but still retains many of the classic mineralization and alteration features typical of these deposits.
More than 70 000m of drilling has been conducted at Haib since the 1970’s with significant exploration programmes led by companies including Falconbridge (1964), Rio Tinto (1975) and Teck (2014). Teck remains a strategic and supportive shareholder.
In addition to extensive drilling, metallurgical testing, geophysics and geological mapping, various mine modelling and technical studies have been completed to date.
