Mineral exploration company Idaho Copper triples shares offered ahead of $15 million IPO
May 11, 2026 News
Mineral exploration company Idaho Copper revises terms, adds warrants ahead of $18 million NYSE American uplisting
The Boise, ID-based company now plans to raise $18 million by offering 2.8 million shares at $6.50. Idaho Copper is also now offering 2.8 million warrants exercisable at 125% of the offering price. The company had originally filed to offer 0.8 million shares at $6.40 before increasing the offering to 2.3 million shares at that price. At the midpoint of the revised terms, Idaho Copper will raise 21% more in proceeds than previously anticipated.
IPO Overview
Idaho Copper, a mineral exploration company focused on a copper-molybdenum-silver project in Idaho, raised the proposed deal size for its upcoming IPO on Thursday.
The Boise, ID-based company now plans to raise $15 million by offering 2.3 million shares at a price of $6.40, based on a recent quoted price of its shares on the OTC. The company had previously filed to offer 0.8 million shares at the same price. At the revised terms, Idaho Copper will raise 200% more in proceeds than previously anticipated and command a fully diluted market value of $115 million （-6% versus previous terms）。
Idaho Copper is focused on exploring and developing a copper-molybdenum-silver deposit in Idaho, called the CuMo Project. The project comprises approximately 2,640 acres across 132 mining claims, including 126 federal unpatented lode claims and six patented claims, and is supported by a Preliminary Economic Assessment completed in 2020, with an updated report underway.
Idaho Copper was founded in 2005 and plans to list on the NYSE American under the symbol COPR. ThinkEquity is the sole bookrunner on the deal.
About the Company
Idaho Copper Corporation is a mineral exploration and development company, focused on exploring and developing the CuMo Project. The CuMo Project currently consists of one hundred and twenty-five （125） federal unpatented lode mining claims, and six （6） patented mining claims. In total, the project comprises approximately 2,640 acres. Of the one hundred and twenty-six （126） mining claims, seventy-one （71） are in the name of Idaho Copper and fifty-five （55） are in the name of CuMo Molybdenum Mining Inc., an arm’s length party. The unpatented lode mining claims and patented claims are situated in Boise County, Idaho, spanning Sections in Township 7N and 8N, Range 5E and 6E, Boise Meridian. Idaho Copper seeks to capitalize on the looming copper supply deficit by advancing what is potentially one of the largest untapped copper projects in the United States. The economics of the project benefit from extensive high-value co-products including molybdenum and silver. A Preliminary Economic Assessment （PEA） was completed in May 2020 by SRK Consulting （Canada） Inc., and an updated PEA Report has been in process since June 2024.