VANCOUVER, BC — January 7, 2026 — Leads & Copy — Koryx Copper Inc. (TSXV: KRY) has increased the size of its previously announced “bought deal” private placement offering due to investor demand. The company has entered into an amended agreement with Stifel Canada, acting as sole bookrunner on behalf of a syndicate of underwriters, to facilitate the offering.
The underwriters have agreed to purchase 16,327,000 common shares of Koryx Copper at a price of C$2.45 per share, resulting in aggregate gross proceeds of C$40,001,150. These common shares will be offered and sold under the Listed Issuer Financing Exemption.
Koryx Copper has granted the underwriters an option to purchase up to an additional 2,449,050 common shares at the same issue price. This option can be exercised, in whole or in part, up to 48 hours before the offering’s closing.
The company plans to use the net proceeds to advance technical studies on the Haib Copper Project, continue exploration on the property, and for working capital and general corporate purposes.
The common shares will be offered for sale to purchasers in each of the provinces of Canada, except Quebec, under the listed issuer financing exemption. As the offering is completed under this exemption, the shares will not be subject to a statutory hold period under Canadian securities laws.
The shares may also be offered in the United States or to U.S. persons through private placements, in compliance with exemptions from the U.S. Securities Act of 1933. Additionally, the shares may be offered in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, following all applicable laws.
An offering document related to the offering is available on SEDAR+ at www.sedarplus.ca and on the company’s website at www.koryxcopper.com. Prospective investors are advised to read the offering document before making any investment decisions.
The offering is expected to close around January 20, 2026, pending necessary approvals, including acceptance by the TSX Venture Exchange.
The underwriters will receive a cash commission equal to 6% of the gross proceeds from the offering and compensation warrants equal to 3% of the number of common shares sold. Each compensation warrant allows the holder to acquire a common share at C$2.45 for 24 months from the date of issue.
Koryx Copper Inc. is focused on advancing its 100% owned Haib Copper Project in Namibia and progressing its copper exploration licenses on the Zambian copper belt. The Haib project is a copper/molybdenum porphyry deposit with a history of exploration and development, with over 80,000m of drilling conducted since the 1970s. Additional studies are underway.
The Haib project has a current mineral resource of 414Mt @ 0.35% Cu for 1,459Mt of contained copper in the Indicated category and 345Mt @ 0.33% Cu for 1136Mt of contained copper in the Inferred category (0.25% Cu cut-off).
Further details of the Haib Copper Project are available in the corresponding technical report titled, “NI 43-101 Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project, Namibia” dated effective August 31, 2024. The Technical Report and other information is available on the Company’s website and under the Company’s profile on SEDAR+.
Heye Daun, President & CEO
Source: Koryx Copper Inc.
