Company Description
Idaho Copper Corporation (COPR) is a U.S.-based mineral exploration and development company in the basic materials sector, focused on copper and related critical minerals. According to company disclosures, Idaho Copper is advancing a flagship copper-molybdenum-silver project in Boise County, Idaho, known as the CuMo project. The company’s common stock is quoted on the OTC Markets under the symbol COPR, and it has described plans to seek listing on the NYSE American exchange through an uplisting strategy.
Idaho Copper states that the CuMo project is a large copper-molybdenum-silver deposit comprising approximately 2,640 acres. The project currently consists of 126 federal unpatented lode mining claims and 6 patented mining claims in an unorganized mining district in Boise County, Idaho. Company communications describe CuMo as one of the largest undeveloped copper deposits in the western hemisphere and likely the largest undeveloped molybdenum deposit in the world, with additional silver, rhenium, and tungsten mineralization identified in prior technical work.
Business focus and project strategy
The company’s business focus, as described in its news releases, is on exploring and developing the CuMo deposit and advancing it through technical studies and permitting steps. Idaho Copper has referenced a Preliminary Economic Assessment (PEA) completed in 2020 and is working on an updated PEA that will be compliant with Canadian National Instrument 43-101 and U.S. SEC Regulation S-K 1300. The company emphasizes the potential role of ore sorting and X-ray fluorescence (XRF) scanning technologies in its mine planning and mill design for CuMo.
Idaho Copper has engaged several specialized engineering and consulting firms to support this work. Disclosures note engagements with Barr Engineering Co. as study manager and lead author for the updated PEA, Whittle Consulting for optimization studies, Lycopodium to review ore-sorting test work, MineSense for bucket-level ore sorting testing using XRF sensors, Veracio for drill core scanning with TruScan XRF technology, and SGS Bateman for metallurgical testing and authorship of a PEA update. These programs are intended to evaluate how ore sorting could separate higher-grade mill feed from lower-grade stockpile material and waste, with the goal of reducing mill size and associated capital and operating costs compared to the 2020 PEA assumptions.
CuMo project characteristics
Company materials describe CuMo as a vein stockwork system in which most of the metals (molybdenum, copper, silver, rhenium, and tungsten) are contained in thin veins and veinlets distributed throughout the deposit. Idaho Copper reports that ore-sorting test work and XRF-based scanning have shown the potential to distinguish between different copper and molybdenum grades and to separate metal-bearing material from host rock. Internal analyses referenced in news releases indicate that, under certain cutoff assumptions, a relatively small portion of mined material could be directed to the mill as higher-grade feed, with the balance treated as waste or lower-grade stockpile material. The company links this grade enhancement concept to the possibility of a smaller concentrator and lower overall costs.
From a resource perspective, Idaho Copper has cited results from the 2020 PEA at the lowest PEA cut-off grade, indicating contained metal in the measured and indicated categories of over 1.6 billion pounds of molybdenum, almost 4 billion pounds of copper, and 179 million ounces of silver. The company notes that these figures are part of a preliminary economic assessment that includes inferred mineral resources and that such resources are considered too speculative geologically to be treated as mineral reserves. Idaho Copper explicitly states that mineral resources that are not mineral reserves do not have demonstrated economic viability and that there is no certainty the PEA will be realized.
Permitting and environmental review
Idaho Copper reports that it has been working with the U.S. Forest Service (USFS) in the Boise National Forest on an Environmental Assessment related to its exploration Plan of Operations for CuMo. In March 2025, the company announced that the USFS issued a Decision Notice and Finding of No Significant Impact approving Idaho Copper’s Plan of Operations to conduct exploration drilling and related activities at CuMo. The company highlights that the Decision Notice requires numerous mitigation measures and best management practices to protect the environment, including requirements for temporary road building, maintenance, drilling activities, and subsequent closure and reclamation of roads, drill pads, and drill holes.
Idaho Copper emphasizes that this USFS decision authorizes exploration activities only. The company notes that the exploration work is intended to gather data needed to determine whether a future decision to proceed with mine development is justified. It further states that any decision to develop a mine would be years away and would require preparation of an Environmental Impact Statement under federal law, with opportunities for public participation.
Capital markets and corporate actions
On the corporate side, Idaho Copper has disclosed several capital markets and governance steps. In August 2023, the company reported that FINRA processed a name and symbol change, with the company adopting the name Idaho Copper Corporation and the OTC symbol COPR, replacing its prior identity as Joway Health Industries Group Inc. and symbol GTVI. The company described this as a step toward resuming DTC eligibility, initiating branding and market awareness efforts, and applying for listing on the OTCQB market.
In October 2025, Idaho Copper filed a Certificate of Change in Nevada to effect a 1-for-20 reverse stock split of its common stock and to reduce its authorized common shares from 100,000,000 to 5,000,000. A subsequent Form 8-K in December 2025 reported that FINRA approved the reverse split, which became effective on the OTC Markets at the open of business on December 15, 2025. The company stated that every twenty shares of issued and outstanding common stock were automatically converted into one share, with fractional shares rounded up to the nearest whole share, and that the par value of the common stock was unchanged. For a period of 20 business days after the effective date, the stock traded under the temporary ticker COPRD before reverting to COPR.
In a later December 2025 Form 8-K, Idaho Copper disclosed that it filed a Certificate of Designation creating a Series B Preferred Stock class and that a majority of voting securities approved an amendment to increase the authorized common stock to 500,000,000 shares. The Series B Preferred Stock carries no dividend rights and is not convertible into common stock. It has voting rights limited to proposals to increase authorized capital stock or amend or restate the Articles of Incorporation in connection with such increases, with each Series B share entitled to 100,000 votes on those matters. The company states that upon the effectiveness of an amendment increasing authorized capital, all outstanding Series B Preferred shares will be automatically cancelled for no consideration.
Listing and registration efforts
Idaho Copper has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed public offering of common stock. In that filing, the company notes that its common stock is quoted on the OTC Markets and that it intends to apply to list its common stock on the NYSE American under the symbol COPR. The S-1 describes a firm commitment public offering structure and indicates that the closing of the offering is conditioned upon NYSE American’s final approval of the listing application. The company also references the planned 1-for-20 reverse stock split as part of its effort to meet initial listing requirements. The registration statement includes risk disclosures and cautions that the information is preliminary and subject to completion.
Investor relations and communications
In September 2025, Idaho Copper announced that it engaged MZ Group to lead a strategic investor relations and shareholder communications program. According to the company, MZ Group will work with management to develop a capital markets strategy aimed at increasing Idaho Copper’s visibility among institutional investors, brokers, analysts, and private investors. The initiative is intended to highlight the CuMo project’s scale and its suite of critical and strategic minerals, as well as the project’s location in Idaho.
Idaho Copper’s disclosures also reference broader market commentary from its advisors, noting that copper and molybdenum are considered critical and strategic minerals for modern technologies, clean energy, and defense applications. The company’s communications link this context to U.S. policy interest in domestic sources of key minerals and to potential grant programs from federal agencies such as the Department of Defense and Department of Energy. Idaho Copper has mentioned work on a Department of Defense white paper as a candidate for development grants, and its management has described a medium-term goal of advancing CuMo to pre-feasibility and submitting an updated PEA.
Technical programs and ore sorting work
Idaho Copper has reported several technical programs focused on ore sorting and XRF-based analysis. In April 2024, the company announced that Veracio deployed a TruScan core scanning unit to a Boise-area warehouse containing over 60,000 feet of drill core from CuMo. The TruScan unit uses XRF scanning at intervals as small as 1.5 centimeters to measure copper and molybdenum grades along the core. Idaho Copper states that this data will be used to confirm previous laboratory analyses, refine understanding of metal distribution, and help define ore sorting parameters for an updated PEA.
In June 2024, the company released preliminary XRF scanning analysis from Veracio’s work on six drill holes. The results, as summarized by Idaho Copper, show potential grade enhancements for mill feed relative to in-situ grades under certain recovered metal value cutoff assumptions. The company notes that these targets are conceptual in nature, that there has been insufficient work to confirm them, and that it is uncertain whether further work will realize these targets. Idaho Copper indicates that it is proceeding with additional XRF scanning and further testing using existing scanners and additional technology to determine optimal scanning and sorting techniques.
In September 2024, Idaho Copper reported results from MineSense XRF scanning test work on representative samples from three main geological zones at CuMo. The company states that the tests demonstrated the ability of MineSense technology to distinguish between different copper and molybdenum grades and that the CuMo mineralization strongly lends itself to ore sorting at the mine face or on belts using XRF sensors. Idaho Copper links these findings to the potential to remove a significant portion of waste and lower-grade material before milling, thereby increasing head grade and allowing for a smaller mill than contemplated in the 2020 PEA.
Corporate evolution
Idaho Copper’s corporate evolution includes a transition from its prior identity as Joway Health Industries Group Inc. to its current focus on mineral exploration and development. The August 2023 name and symbol change, as processed by FINRA, marked a formal step in aligning its public identity with the CuMo project and the copper-molybdenum-silver focus in Idaho. Since then, the company has described a series of engineering, technical, and capital markets initiatives aimed at advancing CuMo and positioning the company within the critical minerals space.
Risk and development stage
Across its public communications and regulatory filings, Idaho Copper characterizes CuMo as an exploration and development-stage project. The company repeatedly notes that its PEA is preliminary in nature, that it includes inferred mineral resources, and that there is no certainty the PEA will be realized or that mineral resources will become mineral reserves. It also emphasizes that no mine development has been approved by regulators and that any such decision would require further environmental review and permitting. For investors and other stakeholders, these statements underscore that Idaho Copper’s value proposition is tied to the potential of a large critical minerals deposit in Idaho, subject to technical, economic, regulatory, and market uncertainties.