Idaho Copper Corporation is a mineral exploration and development company focused on the CuMo project, a significant copper-molybdenum-silver deposit in Idaho.

# Idaho Copper Corporation Overview

## Company Profile:
Idaho Copper Corporation (formerly known as Joway Health Industries Group Inc.) is a mineral exploration and development company focused on the CuMo project, which is a large copper-molybdenum-silver deposit located in Boise County, Idaho, USA.

## Operation Focus:
- **Primary Project**: The CuMo project consists of:
  - **126 federal unpatented lode mining claims**
  - **6 patented mining claims**
  - Total area covered: **Approximately 2,640 acres**
  
- **Investment in CuMo Project**: Approximately **$28 million** has been invested to date.

- **Geological Context**: The CuMo deposit is part of the Idaho-Montana Porphyry Belt and is characterized by significant molybdenum mineralization. The area has seen historical mining activity, predominantly for gold, and is known for high-value byproducts including molybdenum and silver.

## Recent Developments:
- The company underwent a reverse merger with International CuMo Mining Corporation, making ICUMO a wholly-owned subsidiary, and was rebranded as Idaho Copper Corporation in 2023.
- **Management Changes**: Following the merger, key management personnel changes occurred to strengthen operational development.

## Financial Performance:
- **Revenue**: The corporation did not generate any revenue for the fiscal years ended January 31, 2025, and January 31, 2024.
  
- **Operating Expenses**: 
  - Fiscal year 2025: **$4,721,523**
  - Fiscal year 2024: **$3,004,684**
  
- **Net Loss**: 
  - Fiscal year 2025: **$5,137,332**
  - Fiscal year 2024: **$3,712,047**

## Employee and Customer Information:
- **Employees**: The company operates with a relatively small team and has no full-time employees but relies on consultants and part-time team members. Specific headcount is not disclosed, but it is indicative of a small startup structure.
  
- **Customers**: As of the latest reports, the company does not have identified customers as it is still in the exploration stage and has not yet commenced commercial production.

## Challenges and Outlook:
- **Going Concern**: The company has faced challenges, including significant losses and reliance on external funding to maintain operations. There is substantial doubt regarding its ability to continue as a going concern unless capital is raised.
  
- **Future Plans**: Focus on obtaining further financing, advancing the CuMo project through exploration, and conducting feasibility studies, including updated economic assessments.
  
- **Market Position**: Operates in a highly competitive market, specifically focusing on copper, molybdenum, and silver exploration with aims to address the projected demand in the copper market.

**Note**: All financial figures mentioned are as per the latest fiscal year reports. The company is still in the developmental phase and operates in a high-risk industry characterized by exploration uncertainties.

Idaho Copper Corporation is a mineral exploration and development company focused on the CuMo Project in Boise County, Idaho, which is primarily a molybdenum deposit.

# Idaho Copper Corporation Overview

## Company Background
- **Name**: Idaho Copper Corporation (formerly Joway Health Industries Group Inc.)
- **Incorporation**: Nevada
- **Industry**: Mineral Exploration and Development

## Business Operations
Idaho Copper Corporation is engaged in the exploration and development of mineral resources, primarily focused on the CuMo Project, which is a significant primary molybdenum deposit with associated silver and copper deposits located in Boise County, Idaho.

### Key Milestones
1. **Merger Agreement**: The company underwent a significant transition in December 2020, becoming a shell company after its merger with Dynamic Elite International Limited.
2. **Share Exchange Agreement**: As of January 23, 2023, the company completed a share exchange with International CuMo Mining Corporation (ICUMO), making ICUMO a wholly owned subsidiary.
3. **Project Ownership**: ICUMO owns the CuMo Project, which consists of 126 unpatented lode mining claims and 6 patented mining claims, covering approximately 2,640 acres.

## Project Details: CuMo Project
- **Location**: Boise County, Idaho.
- **Mineralization**: The deposit is classified as a porphyry copper-molybdenum deposit characterized by thin veins of molybdenite, located within the Idaho batholith.
- **Geological Features**: The area has a complex geological background that includes Eocene-aged intrusions, with molybdenum discovered in veins and stockworks.

## Current Workforce and Structure
- **Employees**: As of the report date, the company has no employees other than certain executives. It relied on contractors for mining and exploration activities.
- **Executive Team**: The company has appointed several key executives, including:
  - Steven Rudofsky: CEO and President
  - Robert Scannell: CFO
  - Andrew Brodkey: COO
  - Shaun Dykes: VP of Exploration

## Financial Performance
- **Revenue and Income**: Specific details on revenue and income are not provided in the report, and the company is categorized as a smaller reporting company. As a smaller reporting company, it is not required to provide a detailed financial statement in this report.
  
## Customers and Market Position
- **Customer Base**: The report does not specify a number of customers, as the company is still in exploration phases and has not commenced large-scale production.
- **Market Position**: Idaho Copper competes with other mining companies for exploration opportunities and financing, including large established mining firms but may face challenges in attracting capital and talent due to resource limitations.

## Recent Developments
- The company conducted a private placement in 2024, raising $1,952,000 through the issuance of convertible preferred stock and warrants.
- The majority of the resources generated from fundraising are intended for working capital and project development.

## Future Outlook
- **Planned Programs**: Idaho Copper plans to implement ore sorting technology to optimize operations and potentially reduce capital expenditures. They aim to conduct an updated Preliminary Economic Assessment (PEA) and initiate additional drilling and metallurgical studies to advance the CuMo Project toward a Pre-Feasibility Study (PFS).

Overall, Idaho Copper Corporation is positioned for future mineral exploration and development with a specific focus on the CuMo Project and its potential mining output. The company aims to enhance its operational efficiency and increase its resource base through advanced mining techniques and strategic development planning.

Idaho Copper Corp

10-K / April 22, 2025

10-K / May 15, 2024

10-K / April 22, 2025

Idaho Copper Corporation Overview

Company Profile:

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Recent Developments:

Financial Performance:

Employee and Customer Information:

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