Idaho Copper Corp. filings document the public-company record of a Nevada critical minerals developer focused on the CuMo project in Idaho. Registration statements and amendments cover securities offering disclosures, the company’s mining-project business, historical financial periods, risk factors and capital structure.
Material-event reports record financing and governance actions, including private offerings of convertible promissory notes and warrants, unregistered equity-security sales, amendments to articles of incorporation, designation of Series B Preferred Stock, and the completed 1-for-20 reverse stock split of the company’s common stock. The filings also provide formal disclosure on authorized share changes, voting rights, conversion mechanics and warrant terms.
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 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 plans a firm commitment public offering of 2,343,750 shares of common stock at an assumed price of $6.40 per share, conditioned on NYSE American listing approval.
The company has granted underwriters a 45-day option to buy up to 351,563 additional shares to cover over-allotments. Shares outstanding would rise from 13,909,750 to 16,253,500 (or 16,605,063 if the option is fully exercised), with a further 240,225 shares issued on conversion of about $1.08 million of debt and interest.
Idaho Copper is a pre-revenue explorer and developer of the CuMo copper-molybdenum-silver project in Idaho and reported a net loss of $2,249,887 for the nine months ended October 31, 2025, with cash of $2,067 and a stockholders’ deficit of $6,027,401 before the offering.
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 has implemented a 1-for-20 reverse stock split of its common stock, effective December 15, 2025 on the OTC Markets.
Every 20 existing shares have been automatically converted into 1 share, with any fractional share rounded up to the nearest whole share. The stock now trades on a split-adjusted basis under the temporary ticker “COPRD” for 20 business days, after which the symbol will revert to “COPR”. The par value of the common stock remains $0.001 per share.
Idaho Copper Corporation (COPR) reported another loss-making quarter and remains a pre-revenue exploration company. For the nine months ended October 31, 2025, the company generated no revenue and recorded a net loss of $2,249,887, an improvement from a $4,432,829 loss in the prior-year period, mainly due to lower stock-based compensation and operating expenses.
At October 31, 2025, Idaho Copper held just $2,067 in cash, with total assets of $158,480 against total liabilities of $6,185,881, resulting in a stockholders’ deficit of $6,027,401. The company discloses a working capital deficit of $3,933,385 and states there is substantial doubt about its ability to continue as a going concern.
The capital structure continued to change through conversions of preferred stock and accrued compensation into common shares, warrant exercises, and new notes payable to insiders and third parties. As of November 25, 2025, there were 276,898,105 common shares issued, issuable, and outstanding, reflecting ongoing dilution as Idaho Copper finances exploration activities and corporate overhead through equity-linked instruments and small promissory notes.
Idaho Copper Corporation implemented a 1-for-20 reverse stock split of its common stock, effective upon filing on October 15, 2025, and reduced authorized common shares from 100,000,000 to 5,000,000.
Immediately before the split, 266,927,178 shares were outstanding; these were converted into approximately 13,346,359 shares. No fractional shares were issued, with any fractional amounts rounded up to the nearest whole share. The par value of the common stock remains $0.001 per share.
Outstanding warrants, options, and other convertible or exercisable securities were adjusted ratably for both share counts and exercise or conversion prices. The company submitted the required notification to FINRA to process the split on the OTC Markets’ OTCIQ Marketplace.
Idaho Copper Corp (COPR) filed an S-1 registration describing an intended offering and the company’s recent financials and capital structure. For the six months ended July 31, 2025 the company reported a net loss of $1,460,852 and a working capital deficit of $2,465,180, and for the year ended January 31, 2025 a net loss of $5,137,332. The filing discloses substantial dilution risk: over 263 million common shares were outstanding as of April 30, 2025, with tens of millions of outstanding warrants and options (over 53 million warrants at various strikes).
The company records material liabilities including bond liabilities with minimum payments totaling $3.13M, convertible notes activity that converted into common stock, and related-party short-term notes that were extended to April 30, 2026. Management states there is substantial doubt about the company’s ability to continue as a going concern and expects to seek additional funding through operations and financings. The registration was declared effective by the SEC on June 13, 2025.