07/02/2026 | Press release | Distributed by Public on 07/02/2026 04:05
Idaho Copper Corporation Announces Pricing of $18 Million Public Offering
and NYSE American Listing
Boise, Idaho, July 1, 2026 - Idaho Copper Corporation ("Idaho Copper" and the "Company") (NYSE American: COPR, COPR WS), a critical minerals developer advancing the flagship CuMo copper-molybdenum-silver project in Idaho, today announced the pricing of an underwritten public offering of common stock and warrants at a price of $4.85 per share, for gross proceeds of approximately $18,000,000, before deducting underwriting discounts and offering expenses. In addition, Idaho Copper has granted the underwriters a 45-day option to purchase up to an additional 556,800 shares of common stock and/or warrants to cover over-allotments, if any.
The Company intends to use the proceeds for the completion of an updated Preliminary Economic Assessment, the first phase of preliminary work of a Prefeasibility Study, and general corporate purposes.
The shares of common stock and warrants are expected to begin trading on the NYSE American on July 2, 2026, under the symbols "COPR" and "COPR WS", respectively. The offering is expected to close on July 6, 2026, subject to satisfaction of customary closing conditions.
ThinkEquity is acting as sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-290746) relating to the shares was filed with the Securities and Exchange Commission ("SEC") and became effective on July 1, 2026. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Idaho Copper Corporation
Idaho Copper Corp. (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 western hemisphere, likely the largest undeveloped molybdenum deposit in the world, and 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.