The immediate catalyst is the release of the updated PEA for the CuMo project. With $12.1M cash and no revenue, traders should monitor PEA results for capital cost and production estimates that could drive the stock. The $18M equity raise is already priced in, so focus on operational milestones and drill program execution.
Price Chart
Executive Summary
Idaho Copper provided a Q2 2026 corporate update highlighting its uplisting to the NYSE American, completion of an ~$18M underwritten public offering, and progress on the updated PEA for the CuMo project. The company holds ~$12.1M in cash and is funded to advance development milestones, though no financial results were disclosed.
Key Facts
- Uplisted to NYSE American on July 2, 2026
- Completed underwritten offering with ~$18.0M gross proceeds
- Cash on hand of approximately $12.1 million
- Updated PEA for CuMo project expected in near term
- Appointed five independent directors and established audit committee
- Appointed Bruce Harmon as CFO and Robert Scannell as Executive Chairman
Financial Impact
Raised approximately $18M in gross proceeds from underwritten offering; $12.1M cash on hand as of report date
Risk Factors
- Forward-looking statements regarding PEA timing and results are uncertain
- No operating revenue; fully reliant on successful project development and future financing
- Commodity price risk for copper and molybdenum
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-040936 |
| Exhibit: ex99-1.htm | 0001493152-26-040936 |
| Document: 0001493152-26-040936-index-headers.html | 0001493152-26-040936 |
| Document: 0001493152-26-040936-index.html | 0001493152-26-040936 |
| Document: 0001493152-26-040936.txt | 0001493152-26-040936 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $2.14 | awaiting T+60 | — | $2.02 (−5.57%) |
Sep 22, 2026 4w ago | 8-K | $3.11 | awaiting T+60 | — | $2.02 (−35.05%) |
Sep 1, 2026 7w ago | 8-K | $3.31 | awaiting T+60 | — | $2.02 (−38.97%) |
Aug 11, 2026 10w ago | 8-K | $2.73 | awaiting T+60 | — | $2.02 (−26.01%) |
Jul 6, 2026 16w ago | Press Release | $4.10 | awaiting T+60 | — | $2.02 (+50.73%) |
Jul 6, 2026 16w ago | 424B4 | $4.01 | awaiting T+60 | — | $2.02 (+49.63%) |
Jul 2, 2026 16w ago | EFFECT / 8-K | $4.15 | awaiting T+60 | — | $2.02 (−51.33%) |
Jun 29, 2026 17w ago | S-1/A | $6.00 $3.11 | ▲ +48.17% | ▲ +52.00% | $2.02 (+66.33%) |
Jun 25, 2026 17w ago | S-1/A | $6.50 $3.22 | ▲ +50.46% | ▲ +55.21% | $2.02 (+68.92%) |
Jun 17, 2026 18w ago | S-1/A | $6.50 $3.45 | ▲ +46.92% | ▲ +50.34% | $2.02 (+68.92%) |
US Market Status
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