Idaho Copper Corp (COPR) SEC Filings

Idaho Copper Corp (COPR) filed an initial ownership report for Chief Financial Officer Robert William Scannell. As of July 1, 2026, he holds 282,197 shares of common stock directly and 421,017 shares indirectly through Feehan Partners, LP. He also holds multiple warrant series and stock options covering additional common shares at exercise prices between $2.20 and $8.00 per share with expirations from May 11, 2027 through September 30, 2032. No Rule 10b5-1 trading plan is reported.

Idaho Copper Corp (COPR) reported that Harmon Bruce, its Chief Financial Officer, has filed an initial statement of beneficial ownership on Form 3. The filing lists no equity holdings and reports no transactions or derivative positions for him at this time.

Idaho Copper Corporation (COPR) reported a second-quarter 2026 corporate update centered on its CuMo copper-molybdenum-silver project in Idaho and recent capital markets milestones. The company uplisted its common stock and warrants to the NYSE American on July 2, 2026 under the symbols COPR and COPR WS, and in conjunction completed an underwritten public offering for aggregate gross proceeds of approximately $18.0 million, which management states strengthened the balance sheet and helped eliminate a meaningful amount of outstanding debt. Governance and leadership were expanded with the appointment of five independent directors, formation of an independent audit committee, and the hiring of a new Chief Financial Officer and Executive Chairman, as well as key operational leaders.

Operationally, work on an updated Preliminary Economic Assessment (PEA) for the CuMo project, led by Barr Engineering Co., progressed on schedule. The updated study is expected to supersede the 2020 PEA and reflect a smaller first-phase plant, sensor-based ore sorting ahead of the mill, and a re-sequenced mine plan, with release expected in the near term. Management commentary outlines a roadmap that includes a drill program starting this year and an 18-to-24 month Prefeasibility Study, and notes that the company has approximately $12.1 million of cash on hand to pursue these milestones.

Idaho Copper Corporation (COPR) reports no revenue and continues in exploration stage, but its balance sheet has changed materially for the quarter ended July 31, 2026. Cash increased to $12.1 million from $24 thousand at January 31, 2026, primarily from equity financings, and stockholders’ equity swung from a deficit of $(6.5) million to positive $11.3 million. Shares outstanding rose to 18,778,604.

For the six months, the company recorded a net loss of $3.7 million versus $1.5 million a year earlier, driven by higher operating expenses, stock-based compensation and interest-related costs. Operating cash outflow was $3.3 million. Idaho Copper remains pre-revenue and states there is substantial doubt about its ability to continue as a going concern, estimating a need for about $20 million over the next 12 months to maintain its operations schedule.

Strategically, the company uplisted to NYSE American and completed an underwritten offering of 3,712,000 shares and warrants, generating approximately $16.5 million in net cash. It also converted all convertible notes to equity, reduced bond liabilities to $1.34 million, and acquired mining claims valued at $2.0 million (including $1.5 million in stock). Idaho Copper still has no proven reserves and classifies its mining claims as unproven, indefinite-lived intangible assets.

Idaho Copper Corporation appointed four new independent directors – Gil Atzmon, David Herskovits, Dr. John Moeller and Corey Redfield – in connection with its NYSE American listing, creating an independent majority board. The Board also established an Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, with Herskovits chairing Audit, Redfield chairing Compensation, and Moeller chairing Nominating and Corporate Governance.

Each non-employee director, including existing director Steven Rudofsky, entered into director and indemnification agreements dated July 2, 2026. Under these agreements, the Company will pay annual fees of $25,000 in cash and $35,000 in stock, with stock granted quarterly starting August 1, 2026, valued at the NYSE closing price as of the agreement date, and will provide indemnification for service as directors.

Idaho Copper Corporation restructured its senior leadership and entered into new executive employment agreements. Robert Scannell resigned as Chief Financial Officer and was appointed Executive Chairman, while Bruce Harmon was promoted from Controller to Chief Financial Officer. CEO Andrew Brodkey entered into a parallel employment agreement. A press release dated August 5, 2026 announced these appointments.

Under the new contracts, Scannell and Brodkey each receive $350,000 in annual base salary and an initial grant of 250,000 shares of common stock vesting after two years, plus a 1% change-of-control bonus. Harmon receives a $200,000 base salary, 125,000 shares vesting after two years, and a 0.25% change-of-control bonus. All three executives receive health benefits, six weeks of paid time off, severance of 24 months of base salary if terminated without cause or for good reason during the initial five-year term (or 12 months during any renewal term), and indemnification for losses arising from service as officers.

Idaho Copper Corp has a significant shareholder disclosure from Elatam Group PTY LTD ATF Elatam Family Trust under a Schedule 13G filing. The Australian entity reports beneficial ownership of 1,772,150 shares of Idaho Copper Corp common stock, representing 9.6% of the class.

Elatam Group reports sole voting power and sole dispositive power over all 1,772,150 shares, with no shared voting or dispositive power. The filing lists Idaho Copper’s principal executive offices in Boise, Idaho, and confirms the CUSIP for the common stock as 481159200.

Idaho Copper Corporation filed a prospectus supplement to its Form S-1 to incorporate its latest Form 10-Q for the quarter ended April 30, 2026 and its 2026 Form 10-K, updating investors on current financial results and risks.

The company, an exploration-stage miner with the CuMo Project in Idaho, generated no revenue and recorded a quarterly net loss of $1,511,930, bringing accumulated deficit to $41,729,836. Cash was $164,216 against a working capital deficit of $4,844,526 and total liabilities of $7,189,279, including $2,880,000 in bond liabilities and $610,947 of convertible notes (net of discounts). A private placement of convertible notes and warrants added $1,357,947 in principal, but management discloses substantial doubt about the ability to continue as a going concern and indicates a need to raise at least $12,000,000 to pursue its plans.

Idaho Copper Corp director Gil Atzmon files an amended Form 3 to add warrants he beneficially owns that were omitted from his initial report. The amendment lists four direct warrant positions over common stock, covering 1,250, 200, 31,250 and 27,500 shares at exercise prices of $4.6000–$7.5000, expiring between 2027 and 2029.