Boise, Idaho, July  01, 2026  (GLOBE NEWSWIRE) -- Idaho Copper Corporation (&#34;Idaho Copper&#34; and the &#34;Company&#34;) (NYSE:COPR, COPR WS)), a critical minerals developer advancing the flagship CuMo

COPR

Idaho Copper Corporation Announces Pricing of $18 Million Public Offering and NYSE American Listing

Idaho Copper raises $18 million to advance CuMo study and prefeasibility

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Boise, Idaho, July  01, 2026  (GLOBE NEWSWIRE) -- Idaho Copper Corporation (&amp;#34;Idaho Copper&amp;#34; and the &amp;#34;Company&amp;#34;) (NYSE:COPR, COPR WS)), a critical minerals developer advancing the flagship CuMo</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Idaho Copper priced an underwritten public offering at $4.85 per share to raise about $18 million, with a 45-day option for 556,800 additional shares. Proceeds will fund an updated Preliminary Economic Assessment and initial Prefeasibility work, plus general corporate needs, ahead of a planned NYSE American listing on July 2, 2026 and close around July 6. The dilution risk is immediate, but the financing supports CuMo development milestones that could unlock longer-term value.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Pricing at $4.85 per share; gross proceeds about $18 million.</li><li>Underwriters have a 45-day option for up to 556,800 shares.</li><li>Proceeds fund updated PEA, early Prefeasibility work, and general corporate needs.</li><li>NYSE American listing starts July 2, 2026; close expected July 6.</li><li>CuMo project remains Idaho Copper&#039;s flagship, long‑term value proposition.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Idaho Copper Corporation (COPR)</strong>: Issuer; financing to fund CuMo development; near-term dilution impact.</li><li><strong>CuMo Project</strong>: Flagship Idaho asset; long-term value driver; proceeds support PEA/Prefeasibility work.</li><li><strong>ThinkEquity</strong>: Sole book-running manager for the offering; minor market impact anticipated.</li><li><strong>NYSE American</strong>: Exchange listing for COPR / COPR WS; potential liquidity uplift.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a public equity offering to fund project-forward work, signaling capital-raising activity and near-term dilution but potential longer-term value realization from CuMo development.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Dilution risk from new equity may press COPR shares in the near term.</li><li>Over-allotment option adds roughly $2.7M gross, increasing dilution risk.</li><li>Proceeds target updated PEA and early Prefeasibility work, de-risking CuMo long‑term.</li><li>NYSE American listing improves liquidity/visibility for COPR.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering price: $4.85 per share; gross proceeds about $18 million.</li><li>Over-allotment option: up to 556,800 shares; 45 days to exercise.</li><li>Trading on NYSE American begins July 2, 2026; closing anticipated July 6, 2026.</li><li>Form S-1 registration effective July 1, 2026.</li><li>ThinkEquity is sole book-running manager for the offering.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution pressure likely; COPR could trade sideways to down until the close, then react to PEA progress (2–8 weeks).</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">Boise, Idaho, July  01, 2026  (GLOBE NEWSWIRE) -- Idaho Copper Corporation ("Idaho Copper" and the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/COPR">COPR</a>, COPR WS)), a critical minerals developer advancing the flagship CuMo copper-molybdenum-silver project in Idaho, today announced the pricing of an underwritten public offering of common stock and warrants at a price of $4.85 per share, for gross proceeds of approximately $18,000,000, before deducting underwriting discounts and offering expenses. In addition, Idaho Copper has granted the underwriters a 45-day option to purchase up to an additional 556,800 shares of common stock and/or warrants to cover over-allotments, if any.</p>  <p align="justify">The Company intends to use the proceeds for the completion of an updated Preliminary Economic Assessment, the first phase of preliminary work of a Prefeasibility Study, and general corporate purposes.</p>  <p align="justify">The shares of common stock and warrants are expected to begin trading on the NYSE American on July 2, 2026, under the symbols "COPR" and "COPR WS", respectively. The offering is expected to close on July 6, 2026, subject to satisfaction of customary closing conditions.</p>  <p align="justify">ThinkEquity is acting as sole book-running manager for the offering.</p>  <p align="justify">A registration statement on Form S-1 (File No. 333-290746) relating to the shares was filed with the Securities and Exchange Commission ("SEC") and became effective on July 1, 2026. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41<sup>st</sup> Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at <a href="https://www.globenewswire.com/Tracker?data=adplSUO_Rlg5nA3ak-l-pV2r8vgCqCesm2-ygJ9C0KMc9X-gnPfoD-plEvjkzrIt1v7mnYPU0hoOc7EVlgi3vw==" rel="nofollow" target="_blank">http://www.sec.gov</a>.</p>  <p align="justify">This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p align="justify"><b>About Idaho Copper Corporation</b><br></br>Idaho Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/COPR">COPR</a>) is a critical minerals developer focused on exploring and developing the CuMo copper-molybdenum-silver project located in Boise County, Idaho. The CuMo project is one of the largest undeveloped copper deposits in the western hemisphere, likely the largest undeveloped molybdenum deposit in the world, and contains significant amounts of silver, rhenium, and tungsten-all considered critical or of strategic importance. The project comprises approximately 2,640 acres and consists of 126 federal unpatented lode mining claims and 6 patented mining claims. To learn more, please visit <a href="https://www.globenewswire.com/Tracker?data=kzI7l8UEJxbzRMD-HkvOOM-vc4Pz48RoETQiZ_3YddaXkVDEqSfoQNx1M_L4mpb2quIL8oQxrrbag-GyfWsY1VpP0HfYTSZJZYatZrIl1JE=" rel="nofollow" target="_blank">www.idaho-copper.com</a>.</p>  <p align="justify"><b>Forward Looking Statements</b><br></br>With the exception of historical information contained in this press release, content herein may contain &#34;forward-looking statements&#34; that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by using words such as &#34;anticipate,&#34; &#34;believe,&#34; &#34;plan,&#34; &#34;expect,&#34; &#34;intend,&#34; &#34;will,&#34; and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include specific statements regarding the anticipated listing on the NYSE American and statements relating to expected developments and growth in Idaho Copper&#39;s business. These statements are based on management&#39;s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this press release contains time-sensitive information that reflects management&#39;s best analysis only as of the date of this press release. Idaho Copper does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Idaho Copper&#39;s periodic filings with the SEC.</p>  <p><b>Investor Relations Contact</b><br></br>Lucas A. Zimmerman<br></br>Managing Director<br></br>MZ Group - MZ North America<br></br>(262) 357-2918<br></br><a href="https://www.globenewswire.com/Tracker?data=CI2WLtV5GZCZQi_icfzGQOjQ8YKWK3iWjyd89hdn_MffqyRv0TkISZIqUG7jhxrV_iUGFs3ebLhKRAbyP25WIw==" rel="nofollow" target="_blank">COPR@mzgroup.us</a> <br></br><a href="https://www.globenewswire.com/Tracker?data=Pj-gcXwKav9FAL-xRTrs87mfq81vHkjTcmYiH5o0zrQePIljEmtYbgmX0E1ZR3OTh1--wyadtgbCBHhZ3GDd8w==" rel="nofollow" target="_blank">www.mzgroup.us</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1NTk2NCM3Njg4MDI4IzUwMDExNjE3NQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NDU1NTcwNzktNDMyNC00NDI0LTk0NWItMDRhMmEwOTVmYmMzLTUwMDExNjE3NS0yMDI2LTA3LTAxLWVu/tiny/Idaho-Copper-Corporation.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/20cbca79-c5a5-40a2-955b-7084ca457d42"><img src="https://ml.globenewswire.com/media/20cbca79-c5a5-40a2-955b-7084ca457d42/small/logo-png.png" border="0" width="150" height="72" alt="Primary Logo"></img></a></p>

Idaho Copper priced an underwritten public offering at $4.85 per share to raise about $18 million, with a 45-day option for 556,800 additional shares. Proceeds will fund an updated Preliminary Economic Assessment and initial Prefeasibility work, plus general corporate needs, ahead of a planned NYSE American listing on July 2, 2026 and close around July 6. The dilution risk is immediate, but the financing supports CuMo development milestones that could unlock longer-term value.

Idaho Copper Corporation Announces Pricing of $18 Million Public Offering and NYSE American Listing

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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