Koryx Copper Inc. is weighing up the timing of a potential capital raise in Namibia, following its dual listing on the Namibia Securities Exchange (NSX) last Thursday.
The Canadian-based mining company, which is primarily listed on the TSX Venture Exchange, has confirmed that any fundraising effort will be dependent on prevailing market conditions.
We have not announced a financing yet, especially given the market volatility resulting from the Trump tariff tantrum. We still plan to do Namibian financing in the next few weeks or months,” Koryx President and CEO Heye Daun told Namibia Mining & Energy.
Daun said while global geopolitical factors had introduced an element of uncertainty, the tariffs themselves had not directly affected the company’s timeline for securing local funding.
“I would not say the tariffs have had an impact on the timing of the Namibian financing, but it is never good to try to raise financing when there is a lot of market volatility. We need some stability first and for some Namibian trading to be established,” he said.
He said the company’s recent dual listing on the NSX under the symbol “KYX”, forms part of a broader strategy to increase access to its shares for local investors and improve trading liquidity, particularly among Namibian institutional investors.
“Having raised money locally and also creating a pool of Namibian shareholding will result in a better ability to transfer shares back and forth between the different registers, which will ultimately provide more liquidity on the Namibian exchange, which is essential to attracting more Namibian institutional investors, which is our ultimate aim,” Daun explained.
Koryx said the listing reflects its long-term commitment to Namibia’s mining sector and to fostering local participation in its future growth.
“This 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,” Daun said.
He further noted that Koryx benefits from “a significant and highly supportive local Namibian shareholder base,” adding that the listing was designed to simplify investment access for both retail and institutional investors through on-market transactions or future fundraising opportunities.
Koryx Copper is currently developing the Haib Copper Project in southern Namibia, which it owns outright. The project is presently at the Preliminary Economic Assessment (PEA) stage. The company also holds copper exploration licences in Zambia.
