EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Idaho Copper Corporation Announces Closing of Offering Boise, Idaho, July 6, 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 closing of its underwritten public offering of shares of its common stock and warrants at a public offering price of $4.85 per share and accompanying warrant 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 at the public offering price, if any. The offering also included the purchase by the underwriters of 556,800 warrants in connection with the partial exercise by the underwriters of their over-allotment option. 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…
Open exhibit ↗Current Report · Items 7.01, 8.01, 9.01 · 8-K
Idaho Copper Corporation
COPRNYSE_AMERICANEQUITYCurrent
Regulation FD Disclosure · Other Events
Item 7.01 Regulation FD Disclosure On July 6, 2026, we released the press release furnished herewith as Exhibit 99.1.
Company context
Idaho Copper Corporation is a mineral exploration and development company, focused on exploring and developing a large copper-molybdenum-silver deposit in Idaho (United States), (the “CuMo” Project”). The CuMo Project currently consists of one hundred and twenty-six (126) federal unpatented lode mining claims, and six (6) patented mining claims. In total, the project comprises approximately 2,640 acres.
Current securities
Historical securities (1)
Recent company filings
- Regulation FD DisclosureSep 22, 2026
- Regulation FD DisclosureSep 1, 2026
- 10-Q filingAug 31, 2026
- Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureAug 11, 2026
- Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureAug 5, 2026
Disclosure sections
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure
On
July 6, 2026, we released the press release furnished herewith as Exhibit 99.1.
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events
On
July 6, 2026, Idaho Copper Corporation, a Nevada corporation (the “Company”), closed its underwritten public offering (the
“Offering”) of 3,712,000 shares of common stock, par value $0.001 per share (the “Common Stock”) and accompanying
warrants to purchase 3,712,000 shares of Common Stock, exercisable at a price of $5.75 per share (the “Warrants”). The Common
Stock and the Warrants were offered by the Company pursuant to a registration statement on Form S-1, as amended (File No. 333-290746),
filed with the Securities and Exchange Commission (the “Commission”), which was declared effective by the Commission on July
1, 2026. A final prospectus relating to the Offering was filed with the Commission on July 6, 2026.
Under
the terms of an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity, LLC, as representative of the underwriters,
the Company sold an aggregate total of 3,712,000 shares of Common Stock and 3,712,000 accompanying Warrants at a public offering price
of $4.85 per share and accompanying Warrant, for a total Offering amount of approximately $18 million. The Company also granted the underwriters
a 45-day option to purchase up to an additional 556,800 shares of Common Stock and/or an additional 556,800 Warrants. On July 2, 2026,
the underwriters exercised their option to purchase all of the 556,800 additional Warrants.
The
net proceeds to the Company from the Offering, after deducting discounts, the underwriters’ expense allowance, and offering expenses,
were approximately $16 million. The Company anticipates using the net proceeds from the Offering for completion of an updated Preliminary
Economic Assessment, the first phase of preliminary work of a Prefeasibility Study, and general corporate purposes and working capital.
In
connection with the Offering, the Common Stock and the Warrants were listed on the NYSE American stock exchange and commenced trading
on July 2, 2026. The Company’s Common Stock is traded under the symbol COPR and the Warrants are traded under the symbol COPR WS.