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Idaho Copper closes $18M offering of common stock and warrants, nets ~$16M

Idaho Copper closed an underwritten offering of 3,712,000 shares and 3,712,000 warrants for gross proceeds of about $18.0 million.Key Highlights:Original SEC Filing: Idaho Copper Corp [ COPR ] - 8-K - Jul. 06, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying import…

Idaho Copper closed an underwritten offering of 3,712,000 shares and 3,712,000 warrants for gross proceeds of about $18.0 million.

Key Highlights:

Sold 3,712,000 shares and 3,712,000 warrants at $4.85 each, totaling ~ $18.0M gross proceeds.
Underwriters exercised option for 556,800 additional warrants as part of overallotment activity.
Net proceeds were approximately $16.0M after discounts, fees, and offering expenses.
Proceeds earmarked for updated Preliminary Economic Assessment, first-phase prefeasibility work, and general corporate purposes.
Common stock and warrants listed and began trading on NYSE American (COPR, COPR WS) July 2, 2026.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.