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Koryx Copper
On this page
Company details
- Legal name
- Koryx Copper S.A.
- Listing
- KYX on the Namibian Stock Exchange, active (observed 2026-10-06)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 August
Overview
Year ended 31 August 2025 · audited financial statements, signed / final · source
Read with these figures
- Going-concern warning. The auditor's report for the year ended 31 August 2025 states a material uncertainty about whether the company can continue as a going concern.
- Issued under a former name. Same legal entity: Koryx Copper Inc. (British Columbia; formerly Deep-South Resources Inc.) dual-listed on the NSX as KYX from 10 April 2025 (issuer release of 9 April 2025), then continued into Luxembourg as Koryx Copper S.A.
Full wording and sources
Auditor's report, year to 2023-08-31: material uncertainty related to going concern
Material Uncertainty Related to Going Concern: We draw attention to Note 1 to the consolidated financial statements which describes the material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter. (PDF p2)
Source: Koryx Copper Inc. (formerly Deep-South Resources Inc.) Consolidated Financial Statements for the years ended August 31, 2023 and 2022, p2 (dated 2023-12-22)
Auditor's report, year to 2025-08-31: material uncertainty related to going concern
Material Uncertainty Related to Going Concern: We draw attention to Note 1 in the consolidated financial statements, which indicates that the Company has a history of losses and no operating revenue as at August 31, 2025 and, as of that date, the Company has an accumulated deficit. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. (PDF p4)
Source: Koryx Copper Inc. Consolidated Financial Statements For the years ended August 31, 2025 and 2024, p4 (dated 2025-12-23)
Issued under a former name
Same legal entity: Koryx Copper Inc. (British Columbia; formerly Deep-South Resources Inc.) dual-listed on the NSX as KYX from 10 April 2025 (issuer release of 9 April 2025), then continued into Luxembourg as Koryx Copper S.A. under s.308 of the BC Business Corporations Act (release of 12 November 2025; February 2026 interim statements: 'Koryx Copper S.A. formerly Koryx Copper Inc.'). These FY2025 statements were issued as Koryx Copper Inc. (British Columbia). Former names: Koryx Copper Inc. (until the continuation in late 2025; exact date not printed), Deep-South Resources Inc. The NSX listing is secondary; the primary listing is TSX-V (KRY). Source: docs/companies/filings/editorial/identity-resolutions.json.
Source: Koryx Copper Inc. Consolidated Financial Statements For the years ended August 31, 2025 and 2024 (dated 2025-12-23)
Auditor's emphasis of matter
Other matter: the consolidated financial statements for the year ended August 31, 2022 were audited by another auditor, who expressed an unmodified opinion on December 19, 2022 (PDF p4).
Source: Koryx Copper Inc. (formerly Deep-South Resources Inc.) Consolidated Financial Statements for the years ended August 31, 2023 and 2022 (dated 2023-12-22)
-
Revenue
Not reported in this filing
-
Operating profit / (loss)
−CAD 17.0 million
(16,957,638) CAD units · p8
Change not shown.
-
Profit / (loss) for the year
−CAD 16.5 million
(16,493,995) CAD units · p8
Change not shown.
-
Total assets
CAD 34.2 million
34,243,207 CAD units · p7
+1101.4% vs 2024
-
Total equity
CAD 31.1 million
31,092,640 CAD units · p7
+1064.4% vs 2024
-
Cash from operations
−CAD 13.6 million
(13,610,603) CAD units · p11
Change not shown.
Large amounts are rounded for reading (CAD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Not shown: the prior-year figure is zero or negative.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in CAD units unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 31 Aug 2025 — audited financial statements, signed / final; reported for the year · source
- FY to 31 Aug 2024 — audited financial statements, signed / final; comparative in the FY to 31 Aug 2025 filing · source
- FY to 31 Aug 2023 — audited financial statements, signed / final; reported for the year · source
- Auditor's report, year to 2023-08-31: material uncertainty related to going concern. Material Uncertainty Related to Going Concern: We draw attention to Note 1 to the consolidated financial statements which describes the material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter. (PDF p2)
- Auditor's emphasis of matter. Other matter: the consolidated financial statements for the year ended August 31, 2022 were audited by another auditor, who expressed an unmodified opinion on December 19, 2022 (PDF p4).
- FY to 31 Aug 2022 — audited financial statements, signed / final; comparative in the FY to 31 Aug 2023 filing · source
- Auditor's emphasis of matter. Other matter: the consolidated financial statements for the year ended August 31, 2022 were audited by another auditor, who expressed an unmodified opinion on December 19, 2022 (PDF p4).
Income statement
| Line (as printed) | FY to 31 Aug 2025Audited financial statementsreported for the year | FY to 31 Aug 2024Audited financial statementscomparative in FY to 31 Aug 2025 filing | FY to 31 Aug 2023Audited financial statementsreported for the yearsource limitations | FY to 31 Aug 2022Audited financial statementscomparative in FY to 31 Aug 2023 filingsource limitations |
|---|---|---|---|---|
| Consulting fees1 | (734,310) | (284,284) | (449,486) | (199,607) |
| Depreciation and amortisation23 | (86,583) | (19,879) | (226) | (26,955) |
| Exploration and Evaluation expenditures4 | (10,758,731) | (2,337,799) | Not reported in this filing5 | Not reported in this filing5 |
| Legal and accounting67 | (1,150,932) | (173,933) | (167,886) | (195,562) |
| Management fees89 | (540,000) | (144,050) | (358,468) | (379,450) |
| Office and administration1011 | (413,945) | (376,225) | (93,587) | (161,640) |
| Regulatory and transfer agent fees12 | (175,005) | (82,922) | (40,664) | (48,256) |
| Salaries and wages13 | (792,688) | (293,198) | Not reported in this filing14 | Not reported in this filing14 |
| Shareholders information1516 | (18,988) | (23,069) | (25,942) | (21,032) |
| Share based compensation1718 | (2,240,845) | (371,690) | (55,897) | (342,634) |
| Travel19 | (45,611) | (32,222) | (80,366) | (17,557) |
| Operating loss20 | (16,957,638) | (4,139,271) | (1,438,093) | (1,599,111) |
| Investment income21 | 395,231 | 7,860 | Not reported in this filing22 | Not reported in this filing22 |
| Other income23 | 79,748 | 2,032 | Not reported in this filing24 | Not reported in this filing24 |
| Finance charges | (16,182) | –25 | Not reported in this filing26 | Not reported in this filing26 |
| Foreign exchange profit/(loss)27 | 4,846 | (2,815) | 2,981 | –25 |
| Reversal of impairment28 | –25 | 63,951 | Not reported in this filing29 | Not reported in this filing29 |
| Loss for the year30 | (16,493,995) | (4,068,243) | (1,410,524) | (8,920,353) |
| Foreign currency translation | 88,373 | (21,273) | Not reported in this filing31 | Not reported in this filing31 |
| Total comprehensive loss for the year32 | (16,405,622) | (4,089,516) | (1,410,524) | (8,920,353) |
| Advertising and marketing33 | Not reported in this filing34 | Not reported in this filing34 | (158,231) | (151,175) |
| Investor relations35 | Not reported in this filing36 | Not reported in this filing36 | (7,340) | (55,243) |
| Write-off of exploration and evaluation assets (Note 3)37 | Not reported in this filing38 | Not reported in this filing38 | –25 | (7,252,241) |
| Write-off of property and equipment (Note 4)39 | Not reported in this filing40 | Not reported in this filing40 | –25 | (69,001) |
| Gain on sale of equipment (Note 4)41 | Not reported in this filing42 | Not reported in this filing42 | 24,588 | –25 |
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (41)
- “Consulting fees” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed above operating loss.
- “Depreciation and amortisation”: mapping to a shared definition is uncertain. 'Depreciation and amortisation' (notes 2 and 3: property, plant and equipment and right-of-use assets); the company prints no intangible assets, so it is mapped as depreciation.
- Printed under different labels across filings: “Amortization (Note 4)”; “Depreciation and amortisation”.
- “Exploration and Evaluation expenditures” is an issuer-specific line, not mapped to a shared definition: Exploration and evaluation expenditure expensed, printed above operating loss.
- Not reported in this filing: Not printed: no exploration and evaluation expenditure line. The FY2023 consolidated statement of operations and comprehensive loss (p8) prints expenses Advertising and marketing, Amortization, Consulting fees, Investor relations, Management fees, Legal, audit and accounting, Office and miscellaneous, Regulatory and transfer agent fees, Shareholder information, Share-based compensation, Travel, the subtotal 'Loss before other expenses', and under 'Other expenses' Write-off of exploration and evaluation assets, Write-off of property and equipment, Gain on sale of equipment, Foreign exchange gain; text layer.
- “Legal and accounting” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed above operating loss.
- Printed under different labels across filings: “Legal and accounting”; “Legal, audit and accounting (Note 8)”.
- “Management fees” is an issuer-specific line, not mapped to a shared definition: Note 15: printed above operating loss.
- Printed under different labels across filings: “Management fees”; “Management fees (Note 8)”.
- “Office and administration” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed above operating loss.
- Printed under different labels across filings: “Office and administration”; “Office and miscellaneous”.
- “Regulatory and transfer agent fees” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed above operating loss.
- “Salaries and wages”: mapping to a shared definition is uncertain. 'Salaries and wages'; share-based compensation is printed separately (native line).
- Not reported in this filing: Not printed: no salaries, wages or employee benefits line. The FY2023 consolidated statement of operations and comprehensive loss (p8) prints expenses Advertising and marketing, Amortization, Consulting fees, Investor relations, Management fees, Legal, audit and accounting, Office and miscellaneous, Regulatory and transfer agent fees, Shareholder information, Share-based compensation, Travel, the subtotal 'Loss before other expenses', and under 'Other expenses' Write-off of exploration and evaluation assets, Write-off of property and equipment, Gain on sale of equipment, Foreign exchange gain; text layer.
- “Shareholders information” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed above operating loss.
- Printed under different labels across filings: “Shareholder information”; “Shareholders information”.
- “Share based compensation” is an issuer-specific line, not mapped to a shared definition: Notes 9 and 15: printed above operating loss.
- Printed under different labels across filings: “Share based compensation”; “Share-based compensation (Notes 5 & 8)”.
- “Travel” is an issuer-specific line, not mapped to a shared definition: Operating expense line printed above operating loss.
- Printed under different labels across filings: “Loss before other expenses”; “Operating loss”.
- “Investment income”: mapping to a shared definition is uncertain. 'Investment income'; the cash-flow statement's footnote prints the same amounts as 'Interest income' included in cash used in operations (p11).
- Not reported in this filing: Not printed: no investment or finance income line. The FY2023 consolidated statement of operations and comprehensive loss (p8) prints expenses Advertising and marketing, Amortization, Consulting fees, Investor relations, Management fees, Legal, audit and accounting, Office and miscellaneous, Regulatory and transfer agent fees, Shareholder information, Share-based compensation, Travel, the subtotal 'Loss before other expenses', and under 'Other expenses' Write-off of exploration and evaluation assets, Write-off of property and equipment, Gain on sale of equipment, Foreign exchange gain; text layer.
- “Other income” is an issuer-specific line, not mapped to a shared definition: Printed below operating loss, within loss for the year.
- Not reported in this filing: Not printed: no 'Other income' line. The FY2023 consolidated statement of operations and comprehensive loss (p8) prints expenses Advertising and marketing, Amortization, Consulting fees, Investor relations, Management fees, Legal, audit and accounting, Office and miscellaneous, Regulatory and transfer agent fees, Shareholder information, Share-based compensation, Travel, the subtotal 'Loss before other expenses', and under 'Other expenses' Write-off of exploration and evaluation assets, Write-off of property and equipment, Gain on sale of equipment, Foreign exchange gain; text layer.
- Not reported in this filing: Not printed: no finance charges line. The FY2023 consolidated statement of operations and comprehensive loss (p8) prints expenses Advertising and marketing, Amortization, Consulting fees, Investor relations, Management fees, Legal, audit and accounting, Office and miscellaneous, Regulatory and transfer agent fees, Shareholder information, Share-based compensation, Travel, the subtotal 'Loss before other expenses', and under 'Other expenses' Write-off of exploration and evaluation assets, Write-off of property and equipment, Gain on sale of equipment, Foreign exchange gain; text layer.
- Printed under different labels across filings: “Foreign exchange gain”; “Foreign exchange profit/(loss)”.
- “Reversal of impairment” is an issuer-specific line, not mapped to a shared definition: Note 2: printed below operating loss.
- Not reported in this filing: Not printed: no reversal of impairment line. The FY2023 consolidated statement of operations and comprehensive loss (p8) prints expenses Advertising and marketing, Amortization, Consulting fees, Investor relations, Management fees, Legal, audit and accounting, Office and miscellaneous, Regulatory and transfer agent fees, Shareholder information, Share-based compensation, Travel, the subtotal 'Loss before other expenses', and under 'Other expenses' Write-off of exploration and evaluation assets, Write-off of property and equipment, Gain on sale of equipment, Foreign exchange gain; text layer.
- Printed under different labels across filings: “Loss for the year”; “Net loss and comprehensive loss for the year”.
- Not reported in this filing: Not printed: one line 'Net loss and comprehensive loss for the year' (p8).
- Printed under different labels across filings: “Net loss and comprehensive loss for the year”; “Total comprehensive loss for the year”.
- “Advertising and marketing” is an issuer-specific line, not mapped to a shared definition: Operating expense line (FY2023 statement), above 'Loss before other expenses'.
- Not reported in this filing: Not printed: no advertising and marketing line. The FY2025 consolidated statement of loss and other comprehensive loss (p8) prints Consulting fees, Depreciation and amortisation, Exploration and Evaluation expenditures, Legal and accounting, Management fees, Office and administration, Regulatory and transfer agent fees, Salaries and wages, Shareholders information, Share based compensation, Travel, 'Operating loss', then Investment income, Other income, Finance charges, Foreign exchange profit/(loss), Reversal of impairment; text layer.
- “Investor relations” is an issuer-specific line, not mapped to a shared definition: Operating expense line (FY2023 statement), above 'Loss before other expenses'.
- Not reported in this filing: Not printed: no investor relations line. The FY2025 consolidated statement of loss and other comprehensive loss (p8) prints Consulting fees, Depreciation and amortisation, Exploration and Evaluation expenditures, Legal and accounting, Management fees, Office and administration, Regulatory and transfer agent fees, Salaries and wages, Shareholders information, Share based compensation, Travel, 'Operating loss', then Investment income, Other income, Finance charges, Foreign exchange profit/(loss), Reversal of impairment; text layer.
- “Write-off of exploration and evaluation assets (Note 3)” is an issuer-specific line, not mapped to a shared definition: Note 3 (FY2023 statement): other expenses.
- Not reported in this filing: Not printed: no write-off of exploration and evaluation assets line. The FY2025 consolidated statement of loss and other comprehensive loss (p8) prints Consulting fees, Depreciation and amortisation, Exploration and Evaluation expenditures, Legal and accounting, Management fees, Office and administration, Regulatory and transfer agent fees, Salaries and wages, Shareholders information, Share based compensation, Travel, 'Operating loss', then Investment income, Other income, Finance charges, Foreign exchange profit/(loss), Reversal of impairment; text layer.
- “Write-off of property and equipment (Note 4)” is an issuer-specific line, not mapped to a shared definition: Note 4 (FY2023 statement): other expenses.
- Not reported in this filing: Not printed: no write-off of property and equipment line. The FY2025 consolidated statement of loss and other comprehensive loss (p8) prints Consulting fees, Depreciation and amortisation, Exploration and Evaluation expenditures, Legal and accounting, Management fees, Office and administration, Regulatory and transfer agent fees, Salaries and wages, Shareholders information, Share based compensation, Travel, 'Operating loss', then Investment income, Other income, Finance charges, Foreign exchange profit/(loss), Reversal of impairment; text layer.
- “Gain on sale of equipment (Note 4)” is an issuer-specific line, not mapped to a shared definition: Note 4 (FY2023 statement): other expenses.
- Not reported in this filing: Not printed: no gain on sale of equipment line. The FY2025 consolidated statement of loss and other comprehensive loss (p8) prints Consulting fees, Depreciation and amortisation, Exploration and Evaluation expenditures, Legal and accounting, Management fees, Office and administration, Regulatory and transfer agent fees, Salaries and wages, Shareholders information, Share based compensation, Travel, 'Operating loss', then Investment income, Other income, Finance charges, Foreign exchange profit/(loss), Reversal of impairment; text layer.
Balance sheet
| Line (as printed) | FY to 31 Aug 2025Audited financial statementsreported for the year | FY to 31 Aug 2024Audited financial statementscomparative in FY to 31 Aug 2025 filing | FY to 31 Aug 2023Audited financial statementsreported for the yearsource limitations | FY to 31 Aug 2022Audited financial statementscomparative in FY to 31 Aug 2023 filingsource limitations |
|---|---|---|---|---|
| Property, plant and equipment1 | 790,880 | 217,609 | 12,258 | 78,312 |
| Right-of-use assets | 127,036 | –2 | Not reported in this filing3 | Not reported in this filing3 |
| Loans receivables4 | 33,244 | –2 | Not reported in this filing5 | Not reported in this filing5 |
| Non-current assets (unlabelled subtotal) | 951,160 | 217,609 | Not reported in this filing6 | Not reported in this filing6 |
| Sales tax and other receivables78 | 289,119 | 99,568 | 79,081 | 39,538 |
| Prepayments910 | 2,606,733 | 261,122 | 78,862 | 30,365 |
| Loan receivables11 | 18,325 | –12 | Not reported in this filing13 | Not reported in this filing13 |
| Cash and cash equivalents14 | 30,377,870 | 2,272,081 | 71,632 | 796,760 |
| Current assets (unlabelled subtotal)15 | 33,292,047 | 2,632,771 | 229,575 | 866,663 |
| Total Assets | 34,243,207 | 2,850,380 | 945,596 | 1,250,478 |
| Share capital | 64,817,325 | 22,071,428 | 15,964,196 | 15,010,918 |
| Cumulative Translation Reserve16 | 67,100 | (21,273) | Not reported in this filing17 | Not reported in this filing17 |
| Share-based Payment Reserve18 | 4,508,730 | 2,426,624 | Not reported in this filing19 | Not reported in this filing19 |
| Accumulated deficit20 | (38,300,515) | (21,806,520) | (17,034,514) | (15,623,990) |
| Total equity (unlabelled subtotal)21 | 31,092,640 | 2,670,259 | 837,763 | 1,139,885 |
| Other financial liabilities22 | 227,556 | –23 | Not reported in this filing24 | Not reported in this filing24 |
| Lease liability | 89,930 | –23 | Not reported in this filing25 | Not reported in this filing25 |
| Non-current liabilities (unlabelled subtotal) | 317,486 | –26 | Not reported in this filing27 | Not reported in this filing27 |
| Trade and other payables28 | 2,720,500 | 180,121 | 107,833 | 110,593 |
| Other financial liabilities29 | 70,619 | –30 | Not reported in this filing24 | Not reported in this filing24 |
| Lease liability | 41,962 | –30 | Not reported in this filing25 | Not reported in this filing25 |
| Current liabilities (unlabelled subtotal) | 2,833,081 | 180,121 | Not reported in this filing31 | Not reported in this filing31 |
| Total Liabilities | 3,150,567 | 180,121 | 107,833 | 110,593 |
| Total Equity and Liabilities32 | 34,243,207 | 2,850,380 | 945,596 | 1,250,478 |
| Exploration and evaluation assets33 | Not reported in this filing34 | Not reported in this filing34 | 703,763 | 305,503 |
| Reserves35 | Not reported in this filing36 | Not reported in this filing36 | 1,908,081 | 1,752,957 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (31)
- Printed under different labels across filings: “Property and equipment”; “Property, plant and equipment”.
- Not reported in this filing: Not printed: no right-of-use assets line. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- “Loans receivables” is an issuer-specific line, not mapped to a shared definition: Note 5, non-current.
- Not reported in this filing: Not printed: no loans receivable line. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- Not reported in this filing: Not printed: no non-current asset subtotal (p7).
- “Sales tax and other receivables”: mapping to a shared definition is uncertain. 'Sales tax and other receivables' (note 6), the only receivables line in current assets.
- Printed under different labels across filings: “GST receivable and other”; “Sales tax and other receivables”.
- “Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 6, current.
- Printed under different labels across filings: “Prepaid expenses”; “Prepayments”.
- “Loan receivables” is an issuer-specific line, not mapped to a shared definition: Note 5, current.
- Not reported in this filing: Not printed: no loan receivables line. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- Printed under different labels across filings: “Cash”; “Cash and cash equivalents”.
- Printed under different labels across filings: “Current assets (unlabelled subtotal)”; “Total Current Assets”.
- “Cumulative Translation Reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve for foreign currency translation.
- Not reported in this filing: Not printed: no cumulative translation reserve line; equity shows a single 'Reserves' line (Note 5). The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- “Share-based Payment Reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve for share-based payments.
- Not reported in this filing: Not printed under this label: equity shows a single 'Reserves' line (Note 5), stored in the row 'Reserves'; no 'Share-based Payment Reserve' line is printed. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- Printed under different labels across filings: “Accumulated deficit”; “Deficit”.
- Printed under different labels across filings: “Total Equity”; “Total equity (unlabelled subtotal)”.
- “Other financial liabilities”: mapping to a shared definition is uncertain. 'Other financial liabilities' (note 10): the WesBank vehicle credit facility held at amortised cost, non-current portion; the cash-flow statement prints its repayments as 'Repayments of borrowings'.
- Not reported in this filing: Not printed: no other financial liabilities or borrowings line. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- Not reported in this filing: Not printed: no lease liability line. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- Not reported in this filing: Not printed: no non-current liabilities section or subtotal. The FY2023 consolidated statement of financial position (p7) prints Cash, GST receivable and other, Prepaid expenses, Total Current Assets, Exploration and evaluation assets, Property and equipment; liabilities only 'Accounts payable and accrued liabilities' (current) and 'Total Liabilities'; equity Share capital, Reserves, Deficit; text layer.
- Printed under different labels across filings: “Accounts payable and accrued liabilities”; “Trade and other payables”.
- “Other financial liabilities”: mapping to a shared definition is uncertain. 'Other financial liabilities' (note 10): the WesBank vehicle credit facility, current portion.
- Not reported in this filing: Not printed as a subtotal: the only current liability line is followed by 'Total Liabilities' (p7).
- Printed under different labels across filings: “Total Equity and Liabilities”; “Total Liabilities and Equity”.
- “Exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Note 3 (FY2023 statement): capitalised exploration and evaluation assets.
- Not reported in this filing: Not printed: no exploration and evaluation assets line. The FY2025 consolidated statement of financial position (p7) prints non-current assets Property, plant and equipment, Right-of-use assets, Loans receivables; current assets Sales tax and other receivables, Prepayments, Loan receivables, Cash and cash equivalents; equity Share capital, Cumulative Translation Reserve, Share-based Payment Reserve, Accumulated deficit; text layer.
- “Reserves” is an issuer-specific line, not mapped to a shared definition: Note 5 (FY2023 statement): share-based payment and warrant reserves, one line.
- Not reported in this filing: Not printed: no single 'Reserves' line; the reserves are printed separately as 'Cumulative Translation Reserve' and 'Share-based Payment Reserve', each stored in its own row. The FY2025 consolidated statement of financial position (p7) prints non-current assets Property, plant and equipment, Right-of-use assets, Loans receivables; current assets Sales tax and other receivables, Prepayments, Loan receivables, Cash and cash equivalents; equity Share capital, Cumulative Translation Reserve, Share-based Payment Reserve, Accumulated deficit; text layer.
Cash flow
| Line (as printed) | FY to 31 Aug 2025Audited financial statementsreported for the year | FY to 31 Aug 2024Audited financial statementscomparative in FY to 31 Aug 2025 filing | FY to 31 Aug 2023Audited financial statementsreported for the yearsource limitations | FY to 31 Aug 2022Audited financial statementscomparative in FY to 31 Aug 2023 filingsource limitations |
|---|---|---|---|---|
| Cash used in operations*12 | (13,610,603) | (3,858,321) | (1,435,461) | (1,233,697) |
| Purchase of property, plant and equipment | (329,937) | –3 | Not reported in this filing4 | Not reported in this filing4 |
| Proceeds on disposal of property, plant and equipment | –3 | (157,815) | Not reported in this filing5 | Not reported in this filing5 |
| Purchase of financial assets6 | (51,437) | –3 | Not reported in this filing7 | Not reported in this filing7 |
| Net cash flows from/(used in) investing activities8 | (381,374) | (157,815) | (342,172) | (276,681) |
| Proceeds from private placement910 | 39,855,485 | 5,392,413 | 1,052,505 | –11 |
| Proceeds from exercise of purchase and finders warrants12 | 1,754,673 | 824,172 | Not reported in this filing13 | Not reported in this filing13 |
| Repayments of borrowings | (40,665) | –14 | Not reported in this filing15 | Not reported in this filing15 |
| Proceeds from exercise of stock options16 | 532,000 | –14 | Not reported in this filing17 | Not reported in this filing17 |
| Lease payments18 | (3,727) | –14 | Not reported in this filing19 | Not reported in this filing19 |
| Net cash from/(used in) financing activities20 | 42,097,766 | 6,216,585 | 1,052,505 | –21 |
| Total cash movement for the year22 | 28,105,789 | 2,200,449 | (725,128) | (1,510,378) |
| Cash at the beginning of the year23 | 2,272,081 | 71,632 | 796,760 | 2,307,138 |
| Total cash at the end of the year24 | 30,377,870 | 2,272,081 | 71,632 | 796,760 |
| Proceeds from sale of (Acquisition of) property and equipment25 | Not reported in this filing26 | Not reported in this filing26 | 69,060 | (1,053) |
| Exploration and evaluation assets27 | Not reported in this filing28 | Not reported in this filing28 | (411,232) | (275,628) |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”; reading unresolved, so no amount is shown. Printed dash for 2022; the printed financing total is also a dash.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
- Printed “-”; reading unresolved, so no amount is shown. Printed dash for 2022 (no financing cash flows in 2022).
Notes and alternative reported figures (24)
- “Cash used in operations*”: mapping to a shared definition is uncertain. 'Cash used in operations*' (note 13) is the only line printed under 'Cash flows used in operating activities' and no separate operating total is printed; the footnote states it includes interest income (395,231; 2024: 7,860).
- Printed under different labels across filings: “Cash used in operations*”; “Net cash used in operating activities”.
- Not reported in this filing: Not reported separately: no separate purchase line. The FY2023 statement of cash flows (p10) investing section prints 'Proceeds from sale of (Acquisition of) property and equipment' 69,060 / (1,053) as a single net line (stored in its own row) and 'Exploration and evaluation assets'; text layer.
- Not reported in this filing: Not reported separately: no separate disposal-proceeds line. The FY2023 statement of cash flows (p10) investing section prints 'Proceeds from sale of (Acquisition of) property and equipment' 69,060 / (1,053) as a single net line (stored in its own row) and 'Exploration and evaluation assets'; text layer.
- “Purchase of financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- Not reported in this filing: Not printed: the investing section has no purchase of financial assets line. The FY2023 statement of cash flows (p10) investing section prints 'Proceeds from sale of (Acquisition of) property and equipment' 69,060 / (1,053) as a single net line (stored in its own row) and 'Exploration and evaluation assets'; text layer.
- Printed under different labels across filings: “Net cash flows from/(used in) investing activities”; “Net cash used in investing activities”.
- “Proceeds from private placement” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 9: proceeds of share issues.
- Printed under different labels across filings: “Proceeds from private placement”; “Proceeds from private placement, net of issuance costs”.
- “Proceeds from exercise of purchase and finders warrants” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 9.
- Not reported in this filing: Not printed: no warrant-exercise proceeds line. The FY2023 statement of cash flows (p10) financing section prints only 'Proceeds from private placement, net of issuance costs' (1,052,505 for 2023; '-' for 2022); text layer.
- Not reported in this filing: Not printed: no repayments of borrowings line. The FY2023 statement of cash flows (p10) financing section prints only 'Proceeds from private placement, net of issuance costs' (1,052,505 for 2023; '-' for 2022); text layer.
- “Proceeds from exercise of stock options” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 9.
- Not reported in this filing: Not printed: no stock-option exercise proceeds line. The FY2023 statement of cash flows (p10) financing section prints only 'Proceeds from private placement, net of issuance costs' (1,052,505 for 2023; '-' for 2022); text layer.
- “Lease payments”: mapping to a shared definition is uncertain. 'Lease payments' (note 11: lease instalments 3,727, which include finance charges of 643).
- Not reported in this filing: Not printed: no lease payments line. The FY2023 statement of cash flows (p10) financing section prints only 'Proceeds from private placement, net of issuance costs' (1,052,505 for 2023; '-' for 2022); text layer.
- Printed under different labels across filings: “Net cash from/(used in) financing activities”; “Net cash provided by financing activity”.
- Printed under different labels across filings: “Change in cash during the year”; “Total cash movement for the year”.
- Printed under different labels across filings: “Cash at the beginning of the year”; “Cash, beginning of year”.
- Printed under different labels across filings: “Cash, end of year”; “Total cash at the end of the year”.
- “Proceeds from sale of (Acquisition of) property and equipment” is an issuer-specific line, not mapped to a shared definition: Investing activities (FY2023 statement): sale proceeds net of acquisitions, one line.
- Not reported in this filing: Not printed: no net 'Proceeds from sale of (Acquisition of) property and equipment' line; purchases and disposal proceeds are printed on separate lines, each stored in its own row. The FY2025 statement of cash flows (p11) investing section prints Purchase of property, plant and equipment, Proceeds on disposal of property, plant and equipment, Purchase of financial assets; text layer.
- “Exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Investing activities (FY2023 statement): cash spent on exploration and evaluation assets.
- Not reported in this filing: Not printed: no exploration and evaluation assets line in investing activities. The FY2025 statement of cash flows (p11) investing section prints Purchase of property, plant and equipment, Proceeds on disposal of property, plant and equipment, Purchase of financial assets; text layer.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
No dividend statement or amount collected.
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Koryx Copper Inc. Consolidated Financial Statements For the years ended August 31, 2025 and 2024
Year ended 31 August 2025 · Audited financial statements · signed / final
Audit: MNP LLP (Chartered Professional Accountants, Licensed Public Accountants, Toronto), unmodified opinion · signed · includes a material-uncertainty paragraph
Auditor's sign-off: MNP LLP (engagement partner Brock Stroud)
Final status: Independent auditor's report of MNP LLP to the shareholders of Koryx Copper Inc. (opinion PDF p4) closes on PDF p6 with a script 'MNP LLP' signature above 'Chartered Professional Accountants, Licensed Public Accountants', 'Toronto, Ontario, December 23, 2025' (page image); engagement partner Brock Stroud is named in the text. The opinion is unmodified, with a material uncertainty related to going concern paragraph. Directors' responsibilities and approval (PDF p3): approved by the board of directors on December 23, 2025; the two directors' names are typed as '/s/ "Heye Daun"' and '/s/ "Alan Friedman"' with no handwritten signatures (name_printed_unsigned; page image; the same typed signatures appear under the statement of financial position, p7).
- Document date
- 23 Dec 2025
- Auditor's report
- 23 Dec 2025
- Board approval
- 23 Dec 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 31 Aug 2025, FY to 31 Aug 2024
- Basis
- consolidated statements · CAD units (printed “$ (Presented in Canadian dollars)”)
- The directory records the NSX listing as 'Koryx Copper SA'; the document prints the legal name 'Koryx Copper Inc.' (British Columbia). The document is hosted on koryxcopper.com, the directory's website for the issuer.
- No profit-before-tax or income-tax line is printed: 'Loss for the year' follows the items below operating loss directly (p8).
- The 2024 comparative of 'Proceeds on disposal of property, plant and equipment' is printed as (157,815), an outflow under a proceeds label, and the 2024 'Purchase of property, plant and equipment' cell is a dash (p11, checked on the page image). Kept as printed; the investing total (157,815) equals it.
- The directors' responsibilities statement refers to 'independent reviewers'; the document's auditor's report (pp4-6) is an audit opinion by MNP LLP. The 2024 statements were audited by another auditor (unmodified opinion, December 27, 2024; Other Matter paragraph, p4).
- Loss per common share is printed in dollars with the sign inside the brackets ('($0.24)'; 2024: '($0.09)', p8) and is not transcribed (gap, not_yet_transcribed); the weighted average number of common shares is printed in units.
Technical details
- File
- 40 pages, with a text layer
- SHA-256
b381ac20027c8c52e565d54b360b4f79ab288dd779c55143d12cba3f6603c06a- Entity as printed
- Koryx Copper Inc. and its subsidiaries (the "Company")
- Issuer copy
- retrieved 2026-10-08T18:50:46Z
-
Koryx Copper Inc. (formerly Deep-South Resources Inc.) Consolidated Financial Statements for the years ended August 31, 2023 and 2022
Year ended 31 August 2023 · Audited financial statements · signed / final
Audit: Crowe MacKay LLP (Chartered Professional Accountants, Vancouver), unmodified opinion · signed · includes a material-uncertainty paragraph
Auditor's sign-off: Crowe MacKay LLP (engagement partner Pejman Mahlooji)
Final status: Independent auditor's report of Crowe MacKay LLP to the shareholders of Koryx Copper Inc. (formerly Deep-South Resources Inc.) (opinion PDF p2) closes on PDF p6 with a script 'Crowe MacKay LLP' signature above 'Chartered Professional Accountants, Vancouver, Canada, December 22, 2023' (page image); engagement partner Pejman Mahlooji is named in the text. The opinion is unmodified, with a material uncertainty related to going concern paragraph. The statement of financial position is 'Approved on behalf of the Board of Directors' with typed '/s/ Pierre Leveille' and '/s/ Jean Luc Roy' and no handwritten signatures (name_printed_unsigned; PDF p7, page image); note 2(a) states the statements were authorized for issue by the Board on December 21, 2023 (p11).
- Document date
- 22 Dec 2023
- Auditor's report
- 22 Dec 2023
- Board approval
- 21 Dec 2023
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 31 Aug 2023, FY to 31 Aug 2022
- Basis
- consolidated statements · CAD units (printed “$ (Expressed in Canadian Dollars)”)
- The directory name is 'Koryx Copper SA'; the document prints 'Koryx Copper Inc. (formerly Deep-South Resources Inc.)', incorporated on April 24, 1987 under the laws of British Columbia and listed on the TSX-V as 'KRY' (note 1, p11; cover p1; auditor's report p2). The document does not mention the NSX listing (from April 2025) or the 2025 continuation into Luxembourg as Koryx Copper S.A.; the link rests on the editorial identity resolution used for the FY2025 spec (docs/companies/filings/editorial/identity-resolutions.json, case 1: same entity, name change and continuation). The NSX listing is secondary; the primary listing is TSX-V (KRY).
- No profit-before-tax, income-tax or other-comprehensive-income line is printed: the statement ends with one line 'Net loss and comprehensive loss for the year' (p8), recorded as both the loss for the year and total comprehensive loss. No non-current asset or liability subtotals are printed (p7).
- The text layer of the cash-flow statement prints the 'Share-based compensation' and 'Gain on sale of equipment' adjustment labels together with their amounts below them (p10); those adjustment lines are not transcribed.
- Loss per common share 'Basic and diluted (0.01) (0.06)' is printed in the statement's '$' columns (Canadian dollars) (p8).
Technical details
- File
- 33 pages, with a text layer
- SHA-256
d061032ede9b2d833dd206d6f853ba2f639b31450cf973b80e817ab7ed4c1c58- Entity as printed
- Koryx Copper Inc. (formerly Deep-South Resources Inc.) and its subsidiaries
- Issuer copy
- retrieved 2026-10-08T18:50:50Z
Data notes
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Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.