Thu, Apr 17, 10:02 AM (26 days ago)
**Idaho Copper Corporation (COPR)** **Financial Performance:** - **Revenue:** No revenue for fiscal years ending January 31, 2024, and 2023. - **Net Income:** Net loss of $3,712,047 for 2024 and $4,299,470 for 2023. - **Operating Expenses:** $3,004,684 for 2024, down from $4,152,885 in 2023. - **Earnings per Share:** Basic and diluted net loss per common share of $0.02 for 2024 and $0.18 for 2023. **Strategic Overview:** - **Mining Project:** CuMo Project in Boise County, Idaho, focusing on molybdenum, copper, and silver. - **Exploration:** Plans for additional exploration, including infill and expansion drilling. - **Technological Advancements:** Investing in ore sorting technologies to improve efficiency and reduce costs. - **Future Outlook:** Aims to develop a Preliminary Feasibility Study (PFS) and eventually a Bankable Feasibility Study (BFS). **Risk Factors:** - **Financial Condition:** Significant doubt about the ability to continue as a going concern due to recurring losses and lack of revenue. - **Operational Risks:** Dependence on successful exploration and development of mineral properties. - **Market Risks:** Volatility in commodity prices and regulatory challenges. **Market Position Changes:** - **Stock Trading:** Listed on the OTC Pink marketplace under the symbol "COPR." - **Shareholder Base:** 480 holders of record as of May 15, 2024. **Amendment Details:** - **Purpose:** To correct disclosures and incorporate required information in response to SEC inquiries. - **Impact:** No changes to financial statements or exhibits filed with the Original Form 10-K. **Future Outlook:** - **Funding:** Needs to raise at least $750,000 to maintain operations. - **Strategic Initiatives:** Focus on developing the CuMo Project and securing additional financing. **Risk Factors:** - **Financial Condition:** Significant doubt about the ability to continue as a going concern. - **Operational Risks:** Dependence on successful exploration and development. - **Market Risks:** Volatility in commodity prices and regulatory challenges.