Chamwe Kaira
Koryx Copper Incorporated has announced plans to shift its corporate domicile from the Province of British Columbia, Canada, to the Grand Duchy of Luxembourg, where it will operate under the new name Koryx Copper S.A.
The move is expected to take effect on 16 October, subject to shareholder and stock exchange approval.
The company said its common shares will continue trading on the TSX Venture Exchange and the Namibian Securities Exchange under their current symbols.
This will avoid disruptions to existing listings. Koryx will remain a Canadian reporting issuer and continue to comply with Namibian securities laws.
The decision follows a review of strategic options.
“The move is expected to provide expanded strategic flexibility, enhanced access to international markets, and a favourable environment for future investment, while continuing to support the interests of the company’s shareholders,” the company said. The name change to Koryx Copper S.A. is also subject to approval by the Luxembourg Trade and Companies Register.
Koryx Copper is focused on advancing the 100% owned Haib Copper Project in southern Namibia, one of the oldest known porphyry copper deposits in the world.
Exploration at Haib dates back to the 1970s, with previous programmes led by Falconbridge in 1964, Rio Tinto in 1975 and Teck in 2014.
Extensive metallurgical testing and technical studies have been completed, with additional work now underway to position Haib as a future long-life, low-cost, low-risk open-pit project. The studies also consider the potential for copper production through heap leaching.
According to the Chamber of Mines of Namibia’s 2024 annual report, the outlook for copper remains strong, supported by global industrial growth, rapid technological change and the accelerating shift toward renewable energy.
Copper is vital in electric vehicles, solar systems and construction, yet supply remains tight due to limited discoveries, high development costs and political instability in key producing regions. The chamber said this imbalance is expected to sustain strong copper prices in the years ahead.
Caption
Koryx Copper drilling operation at Haib.
- Photo: Koryx Copper
