GlobeNewswire·Jul 6, 2026, 6:52 PM ET

Idaho Copper Corporation Announces Closing of Offering

Idaho Copper Corporation closed an underwritten public offering of common stock and warrants at $4.85 per unit for gross proceeds of approximately $18,000,000.
The Company granted underwriters a 45-day option to purchase up to 556,800 additional shares and/or warrants to cover over-allotments.
Underwriters purchased 556,800 warrants following the partial exercise of their over-allotment option.
Proceeds will fund an updated Preliminary Economic Assessment, the first phase of a Prefeasibility Study, and general corporate purposes.
ThinkEquity served as the sole book-running manager for the offering.
The Form S-1 registration statement became effective on July 1, 2026.
Idaho Copper is advancing the CuMo project in Boise County, Idaho, described as a major undeveloped copper, molybdenum, silver, rhenium, and tungsten deposit.