Koryx Copper Celebrates Significant Market Achievements
Koryx Copper's Remarkable Recognition in the TSX Venture Exchange
Koryx Copper Inc. (“Koryx” or the "Company") (TSX-V: KRY) proudly announces a significant achievement as it has been named among the top 50 performers on the TSX Venture Exchange for a recent year. This recognition stems from an extraordinary 400% increase in share price and a staggering 737% growth in market capitalization during the past year. Notably, Koryx has secured its place within the top ten mining companies on this prestigious list.
Performance Highlights of the TSX Venture 50
The 50 companies honored in this list have delivered an impressive average share price appreciation of 207% in the same timeframe. This marked an increase from 121% in the previous year and 73% before that. Together, these ranked companies collectively boast a market capitalization surpassing $21.7 billion, reflecting an over $16 billion increase throughout the year.
Criteria for Selection in the TSX Venture 50
The TSX Venture 50 is a prestigious compilation of the top 50 companies out of more than 1,600 registered issuers. To qualify, companies must meet three equally weighted criteria: one-year share price appreciation, increase in market capitalization, and Canadian consolidated trading volume as of the designated cutoff date.
Statements from Leadership
Heye Daun, the President & CEO of Koryx Copper, expressed his pride in this acknowledgment: “We are very proud to be recognized as a Top 50 TSX Venture Exchange Company, particularly after our substantial restructuring and repositioning efforts in the past year. This recognition highlights our team’s expertise and execution capabilities, achieving 400% share price growth and 737% market cap increase in our recent performance. Looking towards the future, we are fully funded and actively implementing a transformative work program aimed at expediting our flagship Haib Copper Project. Our commitment remains on de-risking, enhancing our assets, and continuing value creation for our shareholders.”
Insights on Canadian Natural Resources
Tim Babcock, the President of the TSX Venture Exchange, indicated the significance of these performances: “The TSX Venture 50 emphasizes the crucial role of Canadian natural resources and innovative growth. With the escalating demand for essential minerals, energy security, and advancements in manufacturing, this year’s list exemplifies how TSX Venture is empowering Canadian enterprises to secure capital, scale their operations, and contribute to a brighter economic future for Canada.”
About Koryx Copper Inc.
Koryx Copper Inc. is a Canadian company dedicated to advancing its 100% owned Haib Copper Project located in Namibia, while also expanding its portfolio of exploration licenses in Zambia. The Haib Project represents a substantial, advanced copper/molybdenum porphyry deposit recognized for its longstanding exploration history and ongoing development. Numerous operators have conducted over 80,000 meters of drilling at Haib since the 1970s, demonstrating significant interest and investment in this asset.
Mineral Resource Details
The current mineral resource at Haib stands at 414 million tons at a grade of 0.35% copper, translating to approximately 1,459 million tons of contained copper in the Indicated category. Additionally, the Inferred category holds 345 million tons at 0.33% copper, representing 1,136 million tons of contained copper at a 0.25% cut-off grade. Several technical studies remain ongoing or have been completed, aiming to enhance Haib’s profile as a large, economical, and low-risk open-pit copper project, with potential for added copper recovery through heap leaching processes.
Characteristics of the Haib Deposit
The mineralization at Haib is characteristic of a porphyry copper deposit, making it a rare example on a global scale, particularly within southern Africa. The deposit’s advanced age has subjected it to varied metamorphic and deformation events; nevertheless, it retains key mineralization and alteration features typical to such deposits. The primary mineral present is chalcopyrite, with lesser amounts of bornite and chalcocite found, along with only minimal secondary copper minerals due to the region's arid climate.
Contacting Koryx Copper
For additional information, interested parties are encouraged to reach out to the Company’s Corporate Communications representative, Julia Becker, at jbecker@koryxcopper.com, or by calling +1-604-785-0850.
Frequently Asked Questions
What recent recognition did Koryx Copper receive?
Koryx Copper was named one of the top 50 performers on the TSX Venture Exchange, recognized for significant share price growth and market capitalization increase.
What are the criteria for the TSX Venture 50 ranking?
Companies are ranked based on share price appreciation, market capitalization growth, and Canadian consolidated trading volume.
What is the Haib Copper Project?
Haib is Koryx Copper's flagship project in Namibia, representing a large and advanced copper/molybdenum porphyry deposit.
How much copper resource does Haib contain?
The current mineral resource at Haib is approximately 414 million tons at 0.35% copper in the Indicated category and 345 million tons at 0.33% in the Inferred category.
How can I get in touch with Koryx Copper?
Interested individuals can contact Julia Becker, Corporate Communications at jbecker@koryxcopper.com or by phone at +1-604-785-0850.
About The Author
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