Idaho Copper Corporation is conducting a firm commitment public offering of 2,793,300 shares of common stock and 2,793,300 accompanying warrants at an assumed price of $6.50 per share and warrant. Each warrant is exercisable for five years at $8.125 per share, subject to standard adjustments and a 4.99% or, at the holder’s election, 9.99% beneficial ownership cap.
The company had 13,948,917 shares outstanding before the offering and expects 17,206,821 shares outstanding afterward, excluding warrant exercises and the 418,995-share and 418,995-warrant over-allotment option. Idaho Copper is an exploration-stage company with no revenue and reported a net loss of $3,074,964 for the year ended January 31, 2026. Net proceeds are intended for general corporate purposes, including working capital, operating expenses, and capital spending to complete an updated Preliminary Economic Assessment. The offering will close only if NYSE American approves listing of the common stock under “COPR” and the warrants under “COPRW.”
Idaho Copper Corporation is conducting a firm commitment public offering of 2,793,300 shares of common stock and 2,793,300 accompanying warrants at an assumed price of $6.50 per share and warrant. Each warrant is exercisable for five years at $8.125 per share, subject to standard adjustments and a 4.99% or, at the holder’s election, 9.99% beneficial ownership cap.
The company had 13,948,917 shares outstanding before the offering and expects 17,206,821 shares outstanding afterward, excluding warrant exercises and the 418,995-share and 418,995-warrant over-allotment option. Idaho Copper is an exploration-stage company with no revenue and reported a net loss of $3,074,964 for the year ended January 31, 2026. Net proceeds are intended for general corporate purposes, including working capital, operating expenses, and capital spending to complete an updated Preliminary Economic Assessment. The offering will close only if NYSE American approves listing of the common stock under “COPR” and the warrants under “COPRW.”
Idaho Copper Corporation closed a private offering of $1,357,947 in convertible promissory notes and attached warrants. The 12‑month Notes are initially convertible into common stock at $6.00 per share, with anti‑dilution protection and 18% annual interest only if a default occurs.
On a future listing of the common stock on a national exchange with a firm-commitment underwritten offering, outstanding Notes will automatically convert at the lower of 70% of the offering price or $6.00 per share. Investors also received five‑year Warrants to buy up to 226,332 shares at $7.50 per share.
Two investors exchanged $102,947 of existing notes into the new Notes and Warrants on a dollar‑for‑dollar basis. The securities were sold only to accredited investors in a Regulation D, Section 4(a)(2) exempt transaction, with ThinkEquity acting as exclusive placement agent and receiving customary cash fees and additional warrants equal to 10% of the conversion shares.
Idaho Copper Corporation closed a private offering of $1,357,947 in convertible promissory notes and attached warrants. The 12‑month Notes are initially convertible into common stock at $6.00 per share, with anti‑dilution protection and 18% annual interest only if a default occurs.
On a future listing of the common stock on a national exchange with a firm-commitment underwritten offering, outstanding Notes will automatically convert at the lower of 70% of the offering price or $6.00 per share. Investors also received five‑year Warrants to buy up to 226,332 shares at $7.50 per share.
Two investors exchanged $102,947 of existing notes into the new Notes and Warrants on a dollar‑for‑dollar basis. The securities were sold only to accredited investors in a Regulation D, Section 4(a)(2) exempt transaction, with ThinkEquity acting as exclusive placement agent and receiving customary cash fees and additional warrants equal to 10% of the conversion shares.
Idaho Copper Corporation files its annual report outlining progress and risks for its CuMo copper‑molybdenum‑silver project in Idaho. The company controls about 2,640 acres of lode and patented claims in the Idaho batholith and reports large measured, indicated, and inferred resources based on 65 diamond drill holes.
CuMo remains at the exploration and study stage. A 2020 PEA contemplated a 150,000‑ton‑per‑day open‑pit operation with initial capital of about $1.263 billion as of 2020, which the company now expects to be higher. Idaho Copper is testing advanced ore‑sorting technologies with MineSense and Veracio and has engaged Barr Engineering and SGS Lakefield for an updated PEA expected in mid‑2026.
The company highlights significant funding needs: roughly $1 million for the updated PEA, about $12 million budgeted for additional drilling and metallurgical studies, and an estimated $40 million for a future pre‑feasibility study. Since 2023 it has raised about $4 million, including a 2024 private placement of approximately $1.95 million, and executed a 1‑for‑20 reverse stock split effective December 2025. Permitting is critical; the U.S. Forest Service issued a favorable decision for exploration in 2025, but a separate NGO lawsuit challenges that approval. A shareholder suit over a lock‑up agreement was dismissed without prejudice in early 2026.
Idaho Copper Corporation files its annual report outlining progress and risks for its CuMo copper‑molybdenum‑silver project in Idaho. The company controls about 2,640 acres of lode and patented claims in the Idaho batholith and reports large measured, indicated, and inferred resources based on 65 diamond drill holes.
CuMo remains at the exploration and study stage. A 2020 PEA contemplated a 150,000‑ton‑per‑day open‑pit operation with initial capital of about $1.263 billion as of 2020, which the company now expects to be higher. Idaho Copper is testing advanced ore‑sorting technologies with MineSense and Veracio and has engaged Barr Engineering and SGS Lakefield for an updated PEA expected in mid‑2026.
The company highlights significant funding needs: roughly $1 million for the updated PEA, about $12 million budgeted for additional drilling and metallurgical studies, and an estimated $40 million for a future pre‑feasibility study. Since 2023 it has raised about $4 million, including a 2024 private placement of approximately $1.95 million, and executed a 1‑for‑20 reverse stock split effective December 2025. Permitting is critical; the U.S. Forest Service issued a favorable decision for exploration in 2025, but a separate NGO lawsuit challenges that approval. A shareholder suit over a lock‑up agreement was dismissed without prejudice in early 2026.
Idaho Copper Corporation created a new class of preferred stock called Series C Preferred Stock by filing a Certificate of Designation in Nevada. The board designated 2,500,000 preferred shares with a par value of $0.001 and a stated value of $5.00 per share.
These shares may be issued upon conversion of a convertible promissory note with an original principal amount of up to $3,000,000 and similar future notes. Series C holders receive a $5.00-per-share liquidation preference before common stock, may convert into common shares at a price set by an independent valuation firm at note maturity, and vote together with common stock on an as-converted basis.
Idaho Copper Corporation created a new, temporary class of preferred stock and significantly increased its authorized common shares. On December 22, 2025, the board designated 1,000 shares of “Series B Preferred Stock” from authorized but unissued preferred stock and set their rights and limitations.
Series B Preferred Stock carries no dividends and is not convertible into common stock. In a liquidation, holders would share in assets on an as-converted basis, pari passu with common stock, treating each preferred share as one common share for that purpose. The preferred shares hold 100,000 votes per share, but only on proposals to increase authorized capital stock and to amend or restate the articles in connection with that increase, voting together with common stock as a single class.
On December 22, 2025, holders of a majority of the company’s voting securities approved an amendment to increase authorized common stock to 500,000,000 shares, and a Certificate of Amendment became effective that day. All outstanding Series B Preferred Stock will automatically be cancelled for no consideration on the first business day after that amendment’s effectiveness, ending their special voting rights.
Idaho Copper Corporation created a new, temporary class of preferred stock and significantly increased its authorized common shares. On December 22, 2025, the board designated 1,000 shares of “Series B Preferred Stock” from authorized but unissued preferred stock and set their rights and limitations.
Series B Preferred Stock carries no dividends and is not convertible into common stock. In a liquidation, holders would share in assets on an as-converted basis, pari passu with common stock, treating each preferred share as one common share for that purpose. The preferred shares hold 100,000 votes per share, but only on proposals to increase authorized capital stock and to amend or restate the articles in connection with that increase, voting together with common stock as a single class.
On December 22, 2025, holders of a majority of the company’s voting securities approved an amendment to increase authorized common stock to 500,000,000 shares, and a Certificate of Amendment became effective that day. All outstanding Series B Preferred Stock will automatically be cancelled for no consideration on the first business day after that amendment’s effectiveness, ending their special voting rights.