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 Monday. The company is currently quoted on the OTC (COPR).
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.
Because the company now plans to offer warrants, Idaho Copper will be excluded from Renaissance Capital's 2026 IPO stats.
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. It plans to list on the NYSE American under the symbol COPR. ThinkEquity is the sole bookrunner on the deal.
