KORYX COPPER Business Summary

Koryx Copper Inc. is a mineral exploration and development firm primarily focused on advancing the 100%-owned Haib Copper Project in Namibia, one of the world's oldest and largest undeveloped copper porphyry deposits. The company operates as a pre-revenue development-stage entity, generating value through the systematic de-risking and resource expansion of its African asset portfolio, which includes three strategic exploration licenses in the Zambian Copperbelt (Luanshya West, Chililabombwe, and Mpongwe). Following a massive $51 million financing round in January 2026 and a positive Preliminary Economic Assessment (PEA) completed in late 2025, Koryx is currently advancing a Pre-Feasibility Study (PFS) to establish the viability of a long-life, low-cost open-pit operation. In the competitive landscape of African copper juniors, Koryx competes with players such as Trigon Metals, Celsius Resources, and Copper Fox Metals, distinguishing itself through its "mega-project" scale and its positioning as a prime strategic acquisition target for majors seeking to replenish global copper reserves. The leadership team is led by President and CEO Heye Daun, a veteran mining engineer with over 30 years of experience who previously co-founded Auryx Gold (sold to B2Gold) and Osino Resources (sold to Shanjin International for C$368 million). Daun is joined by Chairman Alan Friedman, a public markets entrepreneur with a prolific track record in resource sector exits, and Chief Operating Officer Trevor Faber, an African project delivery specialist with three decades of engineering expertise. This executive core, which took control in late 2024 to revitalize the company’s technical credibility, is supported by Executive Director Pierre Léveillé and a board with deep ties to Namibian mining operations. Notably, global mining major Teck Resources remains a strategic and supportive shareholder, having retained a significant equity stake following its historical involvement in the Haib project’s development.