Koryx Copper Inc. V.KRY

Alternate Symbol(s): KRYXD

Metals & Mining Copper

Koryx Copper Inc. a Canada-based mineral exploration and development company. The Company is in the business of exploring and evaluating mineral properties located in Africa. Its Haib copper project is located in the south of Namibia. The Haib project lies approximately 12 to 15 kilometers (km) east of the main tarred interstate highway connecting South Africa and Namibia and the nearest railway station is at Grunau, approximately 120 km north on the main highway. It also holds three copper exploration licenses in the center of the Zambian Copper belt, which includes Luanshya West project (license 23246), Chililabombwe Project (license 23247), and Mpongwe project (license 23248). The license 23246 covers approximately 5,423.26 hectares (54.24 square kilometers (Km2)). The license 23247 covers approximately 2,200 hectares (22.5 km2). The license 23248 covers approximately 67,500 hectares (675 Sq. Km).

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Koryx Copper Inc. > More Delays

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Comment by Tree2treeon Mar 16, 2022 6:01pm

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Post# 34520121

RE:RE:More Delays

Tslayer, to be very realistic, it could end when DSM is bankrupt. There are many precedents for such a situation. The company has no revenue, and financing would be very difficult when presently they have no legal assets.

I get the impression that both the Ministry and the court are just playing around with DSM and going through the motions, when they feel like it. My strong suspicion is that the company did something to piss off the Ministry, and they are showing DSM who is in control in Namibia. Of course we are only hearing one side of the story, and very selectively, from the company news releases.

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