Koryx Copper Inc V.KRY

Alternate Symbol(s): KRYXF

Metals & Mining Copper

Koryx Copper Inc. is a Canadian copper development company focused on advancing the 100% owned, PEA-stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia. The Haib Copper project, Exploration and Prospecting License 3140, is held by Haib Minerals (PTY) Ltd, a Namibian corporation fully held by the Company. It holds the option to acquire up to 80% of three large scale exploration licenses in the copper belt in Zambia. The licenses include Luanshya West project (LEL 23247), Chililabombwe project (LEL 23247), and Mpongwe project (LEL 23248). The licenses cover about 752 square kilometers in the Central African Copper belt. LEL 23247 is situated in the center of the Zambian Copper belt, which forms part of the Central African Copper belt. The three licenses sits on the same side of the Copperbelt, which hosts nine large copper mines.

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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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