Idaho Copper to Host Virtual Investor Webinar on Wednesday, November 16, 2026

Pilot-scale test work is planned to validate the project's ore-sorting assumptions at commercial scale.

Rhea-AI Summary

Idaho Copper (COPR) will host a virtual investor webinar on November 16, 2026, to discuss its updated CuMo project economic assessment. CEO Andrew Brodkey will lead the presentation at 11:00 a.m. Eastern Time, followed by live questions and answers.

The preliminary economic assessment reports an after-tax net present value of US$1.88 billion, an 18.5% internal rate of return and a 46-year mine life. These measures describe estimated project value, investment return and operating duration. Management says a smaller first-phase plant and ore sorting lower initial capital needs and accelerate payback compared with the project contemplated in 2020. U.S. Forest Service approval to commence drilling is in hand, and the company targets completion of a prefeasibility study in 2028.

7 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointCuMo's preliminary economic assessment reports US$1.88 billion in after-tax net present value.
• Moderate pointU.S. Forest Service approval to commence drilling has been obtained.
• Minor pointCuMo's preliminary economic assessment reports an 18.5% internal rate of return.
• Minor pointCuMo's preliminary economic assessment describes a 46-year mine life.
• Minor point. Forward-looking: it has not happened yet and may not happen.Management says the smaller first-phase plant and ore sorting lower initial capital needs versus the 2020 concept.

2 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.Management says the revised plant and ore-sorting approach accelerate payback versus the 2020 concept.
• Minor point. Forward-looking: it has not happened yet and may not happen.Idaho Copper targets 2028 completion of the CuMo prefeasibility study.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Ore-sorting assumptions remain subject to validation at commercial scale through planned pilot-scale test work.

Key Figures

After-tax NPV: US$1.88 billion IRR: 18.5% Mine life: 46 years

After-tax NPV

US$1.88 billion

Updated PEA for the CuMo Project

IRR

18.5%

Updated PEA for the CuMo Project

Mine life

46 years

Updated PEA for the CuMo Project

Key Terms

preliminary economic assessment, npv, irr, regulation s-k 1300, +1 more

5 terms

preliminary economic assessment technical

"results of the Company’s updated Preliminary Economic Assessment (“PEA”)"

A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.

npv financial

"After-Tax NPV of US$1.88 Billion, 18.5% IRR and 46-Year Mine Life"

Net Present Value (NPV) is a way to measure how much a future stream of money is worth today. It helps investors decide whether an investment is worthwhile by comparing the current value of expected earnings to its initial cost. A positive NPV suggests the investment could generate profit, making it a key tool for evaluating financial decisions.

irr financial

"After-Tax NPV of US$1.88 Billion, 18.5% IRR and 46-Year Mine Life"

IRR (Internal Rate of Return) is the annualized percentage return an investment is expected to produce based on its projected series of cash outflows and inflows; mathematically, it’s the rate that makes the present value of those cash flows balance to zero. Investors use IRR to compare and rank projects or investments—similar to comparing the interest rates on savings accounts—to judge which offers the best return for the time and risk involved.

View in glossary

regulation s-k 1300 regulatory

"as defined under Regulation S-K 1300 and National Instrument 43-101"

A U.S. securities regulation that sets clear standards for how mining companies must describe exploration results, mineral resources and mineral reserves in public filings. It requires consistent categories, supporting data and professional qualifications so investors can compare projects reliably, much like a standardized report card that reduces the risk of overstated claims and helps assess the value and uncertainty of a mining asset.

national instrument 43-101 regulatory

"as defined under Regulation S-K 1300 and National Instrument 43-101"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

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Management to Discuss Updated Preliminary Economic Assessment for the CuMo Project, Including After-Tax NPV of US$1.88 Billion, 18.5% IRR and 46-Year Mine Life

BOISE, Idaho, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Idaho Copper Corporation (NYSE American: COPR) (“Idaho Copper” or the “Company”), a critical minerals developer advancing the flagship CuMo copper-molybdenum-silver project in Idaho, today announced that Chief Executive Officer Andrew Brodkey will host a virtual investor webinar on Monday, November 16, 2026, at 11:00 a.m. Eastern Time, to discuss the results of the Company’s updated Preliminary Economic Assessment (“PEA”) for the CuMo project. The event is open to all investors and interested parties.

During the webinar, management will walk through the results behind the updated PEA, as well as outline the next steps for the project. The presentation will be followed by a live question-and-answer session.

Idaho Copper Corporate Update Webinar
Date: Monday, November 16, 2026
Time: 11:00 a.m. Eastern Time
U.S. & Canada Dial-in: 1-877-269-7751
International Dial-in: 1-201-389-0908
Conference ID: 13763613
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1781450&tp_key=1158c0fbba

Investors may submit questions in advance to COPR@mzgroup.us. A replay of the webinar will be available on the Investor Relations section of Idaho Copper’s website at ir.idaho-copper.com.

A telephone replay will be available through Monday, November 30, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using access ID 13763613. A webcast replay will also be available using the webcast link above.

Management Commentary

Andrew Brodkey, Chief Executive Officer of Idaho Copper, commented, “Our updated Preliminary Economic Assessment describes a very different CuMo project from the one contemplated in 2020. A smaller first-phase plant and sensor-based ore sorting ahead of the mill materially lower the capital needed to begin production and accelerate payback, while CuMo’s molybdenum, silver, rhenium and tungsten add diversification few U.S. copper projects can match.

“With U.S. Forest Service approval to commence drilling now in hand, our focus is the Prefeasibility Study, with completion targeted for 2028, along with the pilot-scale test work that will validate our ore-sorting assumptions at commercial scale. We look forward to walking investors through the PEA results and the milestones ahead,” concluded Mr. Brodkey.

About Idaho Copper Corporation

Idaho Copper Corporation (NYSE American: COPR) is a critical minerals developer focused on exploring and developing the CuMo copper-molybdenum-silver project located in Boise County, Idaho. The CuMo project is one of the largest undeveloped copper deposits in the US, and the Company believes it is among the largest undeveloped molybdenum deposits in the world. CuMo contains significant amounts of silver, rhenium, and tungsten – all considered critical or of strategic importance. The project comprises approximately 2,640 acres and consists of 126 federal unpatented lode mining claims and 6 patented mining claims. To learn more, please visit www.idaho-copper.com.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Justin Smith, P.E., of Northern Lights Mining, LLC., a “qualified person” as defined under Regulation S-K 1300 and National Instrument 43-101, and independent of the Company.

Cautionary Statement Regarding the PEA

The PEA is preliminary in nature and includes an economic analysis based, in part, on inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the PEA will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. No mineral reserves have been estimated for the Project. The PEA is not a prefeasibility or feasibility study, and the Company has not made a decision to construct the CuMo project. The updated PEA has been prepared in accordance with both NI 43-101, and is currently being prepared in accordance with Regulation S-K 1300; the requirements of these standards are similar in many respects but are not identical, and estimates prepared under one may not be directly comparable to estimates prepared under the other.

Safe Harbor Statement

With the exception of historical information contained in this press release, content herein may contain “forward-looking statements” that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by using words such as “anticipate,” “believe,” “plan,” “expect,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements regarding Idaho Copper’s planned virtual investor roadshow webinar and the topics to be discussed; the results, assumptions and conclusions of the updated PEA, including estimates of net present value, internal rate of return, payback period, mine life, production, and capital and operating costs; ore-sorting performance and planned pilot-scale test work; and the Company’s planned Prefeasibility Study and the anticipated timing thereof. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made, including risks related to metal price volatility, mining and processing performance, the performance of ore-sorting technology at commercial scale, permitting, and the availability of financing for and development of the CuMo project. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are discussed or identified in our filings with the Securities and Exchange Commission (the “SEC”), including the risk factors contained in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and registration statements. In addition, this press release contains time-sensitive information that reflects management’s best analysis only as of the date of this press release. Idaho Copper does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(262) 357-2918
COPR@mzgroup.us
www.mzgroup.us

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is Idaho Copper's CuMo investor webinar?

Idaho Copper will host its virtual investor webinar on November 16, 2026, at 11:00 a.m. Eastern Time. CEO Andrew Brodkey will discuss the updated CuMo preliminary economic assessment and project next steps, followed by a live question-and-answer session.

What economic results does Idaho Copper's updated CuMo assessment report?

The updated preliminary economic assessment reports an after-tax net present value of US$1.88 billion, an 18.5% internal rate of return and a 46-year mine life. These are preliminary project estimates, not reported operating results.

What testing does Idaho Copper plan for CuMo's ore-sorting assumptions?

Idaho Copper plans pilot-scale test work intended to validate its ore-sorting assumptions at commercial scale. Management identifies this work alongside the prefeasibility study as a focus for the project.