Fri, Jun 13, 8:50 PM (30 days ago)
**Idaho Copper Corporation (COPR) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated in Q1 2025. - **Operating Expenses:** $563,138, down from $974,962 in Q1 2024, due to reduced professional fees, payroll, rent, and administrative expenses, offset by increased stock-based compensation. - **Net Loss:** $682,888, improved from $1,044,266 in Q1 2024. - **Cash Flow:** Operating activities used $225,967, while financing activities provided $133,000, resulting in a net decrease of $92,967 in cash. - **Cash Position:** $7,711 as of April 30, 2025, down from $1,005,010 in Q1 2024. - **Liabilities:** Total liabilities increased to $5,747,857, with significant accrued interest and bond liabilities. - **Stockholders' Deficit:** Increased to $5,466,342. **Profit Margins and Earnings:** - **Operating Margin:** Negative, with operating losses. - **Net Margin:** Negative, with net losses. **Trends and Uncertainties:** - **Going Concern:** Substantial doubt about the company's ability to continue as a going concern due to recurring losses and limited cash. - **Funding Needs:** Requires additional funding to cover operational and marketing activities. - **Mineral Rights:** Uncertainty regarding the recoverability of mineral right interests and the ability to obtain necessary financing for exploration and development. **Future Operations and Impact:** - **Capital Raising:** Plans to raise at least $750,000 to maintain growth and operations. - **Mining Operations:** Focus on the CuMo Project, with no assurance of positive results. - **Independent Valuation:** CuMo project valued at $23,919,754, but realization depends on future economic benefits. **Management's Discussion:** - **Operational Challenges:** Significant doubt about the company's ability to continue operations due to financial constraints. - **Strategic Initiatives:** Emphasis on raising capital and developing the CuMo Project. - **Risk Factors:** Dependence on successful capital raising and the resolution of uncertainties related to mineral rights and operations. **Conclusion:** Idaho Copper Corporation faces significant financial challenges and uncertainties. The company's ability to continue operations depends on its success in raising additional capital and resolving operational and financial constraints. The focus on the CuMo Project and the need for strategic initiatives highlight the critical path forward for the company.