Idaho Copper Corporation completed an underwritten public offering for gross proceeds of approximately $18.0 million and uplisted its shares to the NYSE American to support ongoing development at the CuMo copper-molybdenum-silver project in Boise County, Idaho.

The financing and corporate restructuring left the company with approximately $12.1 million in cash on hand at the end of the fiscal second quarter on July 31, 2026. Alongside the NYSE American listing, Idaho Copper appointed Robert Scannell as Executive Chairman, Bruce Harmon as Chief Financial Officer, and added five independent directors to its board, rounding out an independent majority.

Technical and environmental leadership was expanded with the additions of Ryan Mauser as Director of Technical Studies, drawing on 15 years of experience with Rio Tinto, and Phil Bandy Ogden as Director, Environmental, Governmental and Community Affairs.

“Our immediate focus is the release of the updated PEA for the CuMo project. The updated study is designed to show a fundamentally improved project, one that starts with a smaller plant and uses sensor-based ore sorting to materially reduce upfront capital and improve operating costs. Beyond the PEA, our roadmap includes a drill program starting this year and an 18-to-24 month Prefeasibility Study. With approximately $12.1 million of cash on hand, we are funded to pursue these milestones aggressively, and we look forward to keeping shareholders apprised of our progress,” concluded Brodkey.

— Andrew Brodkey, Chief Executive Officer

Work on the updated Preliminary Economic Assessment, prepared under the direction of Barr Engineering Co., progressed on schedule during the quarter. The study will supersede the 2020 PEA and feature a smaller first-phase plant, sensor-based ore sorting ahead of the mill, and a re-sequenced mine plan. Idaho Copper plans to follow the study's near-term release with a drill program starting this year and an 18-to-24 month Prefeasibility Study.

Read the full announcement: Idaho Copper Provides Second Quarter 2026 Corporate Update