Financing ·
Idaho Copper Corporation closed an underwritten public offering of 3,712,000 shares of common stock and 3,712,000…
COPRDIdaho Copper Corp
Idaho Copper Corporation closed an underwritten public offering of 3,712,000 shares of common stock and 3,712,000 warrants to purchase common stock at $4.85 per share and accompanying warrant, for a total offering amount of approximately $18 million. The underwriters exercised an option to an additional 556,800 warrants. Net proceeds were approximately $16 million. The company anticipates using the proceeds for a Preliminary Economic Assessment, a Prefeasibility Study, and general corporate purposes. Idaho Copper Corporation is a mining company focused on copper exploration and development.