Koryx Copper Jumps to OTCQX, Unlocking US Capital for African Giant

LUXEMBOURG – April 30, 2026 – Koryx Copper S.A. has officially graduated to the OTCQX Best Market, a move that significantly enhances its profile with American investors as it advances one of Southern Africa’s largest undeveloped copper deposits. The company, which now trades under the symbol “KRYXF,” has completed its upgrade from the OTCQB Venture Market, signaling a new phase of maturity and financial transparency.

This strategic listing provides Koryx with a vital platform to attract U.S. capital, which will be critical for the development of its flagship 100%-owned Haib Copper Project in Namibia. The upgrade is more than a symbolic milestone; it is a calculated step to bridge the gap between a world-class mineral resource and the immense funding required to bring it into production, all set against the backdrop of a global scramble for copper.

The Power of the OTCQX Platform

For international firms like Koryx, listing on the OTCQX is a mark of distinction. It is the highest tier of the OTC Markets and is reserved for established, investor-focused companies that meet stringent criteria for financial reporting, corporate governance, and legal compliance. Unlike other over-the-counter markets, penny stocks and shell companies are explicitly barred, providing investors with a higher degree of confidence.

By qualifying for OTCQX, Koryx signals to the market that it adheres to best practices, including maintaining a board with independent directors and a functioning audit committee. This compliance allows international companies to leverage their home-country disclosures, avoiding the costly and complex process of a full SEC registration required for major exchanges like the Nasdaq or NYSE. It is a streamlined, efficient path to the world’s deepest capital market.

History shows the benefits can be substantial. Studies of companies that have made a similar leap have demonstrated dramatic increases in U.S. ownership and market liquidity. Some reports indicate that trading on OTCQX can boost a company's trading volume by over 60% in the U.S. market, creating a more stable and attractive valuation. For Koryx, this enhanced visibility and credibility are essential tools as it seeks to fund its ambitious development plans.

Haib: A Namibian Copper Giant in Waiting

The primary focus of this new financial chapter is the Haib Copper Project. Located in southern Namibia, Haib is a massive copper-molybdenum-gold porphyry deposit with a history of exploration stretching back to the 1960s. Major mining houses like Rio Tinto and Teck have previously drilled the site, contributing to a vast database of over 120,000 meters of historical drilling.

Koryx has built upon this foundation, outlining a colossal resource. A 2025 Preliminary Economic Assessment (PEA) sketched out a project with an initial capital expenditure of $1.55 billion, designed to produce approximately 88,000 tonnes of copper annually over a 23-year mine life. The company is now focused on the next critical step: a Definitive Feasibility Study (DFS) slated for completion in the second half of 2026. The DFS will provide the detailed engineering and economic data necessary to secure project financing and make a final investment decision.

Geologically, Haib is a rare Paleoproterozoic porphyry, one of only two known in Southern Africa. The mineralization is primarily chalcopyrite, ideal for conventional flotation processing to produce a clean copper concentrate, with gold and molybdenum offering valuable by-product credits. The project's scale and straightforward metallurgy position it to become a long-life, low-cost operation that could significantly elevate Namibia's status as a copper-producing nation.

Riding the Coming Copper Supercycle

Koryx’s strategic push comes at a pivotal moment for the global copper market. A structural deficit appears all but certain as demand surges from the global energy transition, electrification, and the rapid expansion of artificial intelligence and data centers. S&P Global forecasts that copper demand could soar from 28 million metric tons in 2025 to 42 million by 2040, creating a potential supply gap of 10 million tons.

This supply-demand imbalance has analysts forecasting a sustained period of high prices. Projections from major financial institutions like Goldman Sachs and J.P. Morgan place copper well above $10,000 per tonne for 2026, with some long-term forecasts reaching as high as $15,000 per tonne. With the average timeline from discovery to production for a new copper mine now exceeding 17 years, the world needs large, advanced-stage projects like Haib to come online to prevent a critical shortfall.

Koryx is positioning itself not just as a beneficiary of this trend, but as part of the solution. The Haib project represents a significant new source of supply from a stable and mining-friendly jurisdiction.

A Two-Pronged African Strategy

While Haib is the company's crown jewel, Koryx is also building a strategic footprint in Africa’s premier copper district. The company holds options on two large exploration licenses covering 745 square kilometers in the Zambian Copperbelt. This region is home to some of the world's richest copper deposits and benefits from excellent infrastructure and a long history of mining.

Zambia's government is actively encouraging new investment, with an ambitious goal to more than triple national copper production to 3 million tonnes per year by 2031. Koryx’s exploration efforts there provide a second avenue for growth, diversifying its portfolio within a continent poised to play a central role in the future of copper supply.

By developing its world-class asset in Namibia while simultaneously exploring in the prolific Zambian Copperbelt, Koryx is executing a comprehensive strategy to become a significant African copper producer. The upgrade to the OTCQX is not an end in itself, but rather a powerful enabler of this vision, opening the door for U.S. investors to participate in the growth of a company poised to help power the electrified future.