Idaho Copper Corp Dossier - Source-backed chat

Idaho Copper Corp

COPROTC Markets

SectorMaterials

IndustryCopper

Beta (adjusted)1.76

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $3.19Price as of 1 Oct 2026

Data confidenceNot applicable

Market Cap $56.5M

Enterprise Value $44.8M

Shares Outstanding 17.7M diluted

Next Earnings Date15 Dec 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Idaho Copper Corp is an exploration-stage critical minerals developer focused on advancing its flagship CuMo copper-molybdenum-silver project in Boise County, Idaho. While the project represents one of the largest undeveloped copper deposits in the US and potentially the largest undeveloped molybdenum deposit globally, the company is pre-revenue, carries a substantial working capital deficit, and faces significant going concern risks. The upcoming updated Preliminary Economic Assessment (PEA) in mid-2026 and the proposed NYSE American uplisting are key near-term catalysts, but substantial capital requirements and ongoing environmental litigation warrant a cautious Hold stance.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets1 analysts · as of 18 Aug 2026

Low · most bearish analyst$22.75

Mean target$22.75

High · most bullish analyst$22.75

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$2.00

The NYSE American uplisting is rejected, preventing the closure of the critical public offering. Concurrently, the NGO lawsuit successfully halts planned 2026 drilling activities, and the company's severe working capital deficit forces highly dilutive private placements or debt restructurings, threatening its going concern status.

Base CaseCentral scenario

$6.50

The company successfully completes its updated PEA in mid-2026, demonstrating improved economics through advanced ore-sorting technologies. It secures NYSE American listing approval, closing its $18 million public offering to fund the next phase of exploration drilling and metallurgical studies. However, it remains highly dependent on dilutive equity raises to meet its long-term development needs.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Flagship CuMo project is one of the largest undeveloped copper-molybdenum deposits in the Western Hemisphere.
Favorable regulatory tailwinds with all contained metals classified as Critical Minerals or Materials by the US government.
Proven amenability of CuMo ore to advanced ore-sorting technologies, potentially lowering future capital and operating costs.

Key Investment Risks

Pre-revenue exploration-stage company with an accumulated deficit of $41.7 million and substantial going concern doubt.
High capital intensity with initial project development costs historically estimated at $1.26 billion.
Ongoing NGO litigation challenging the U.S. Forest Service's approval of the exploration Plan of Operations.

Thesis Invalidation Triggers

Failure to obtain NYSE American listing approval for the common stock and warrants.
Adverse court ruling in the NGO lawsuit that halts or severely restricts planned drilling activities.
Inability to secure the estimated $12 million required for fiscal 2027 operational and drilling budgets.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.