Each one in plain English, with the numbers worked through for a shareholder.
2 July 2026material agreement▲ GoodMajor
Priced a firm-commitment underwritten public offering of 3,712,000 shares and warrants at $4.85 per share, about $18 million gross and roughly $16 million net, led by ThinkEquity. Proceeds were earmarked for an updated Preliminary Economic Assessment and first-phase Prefeasibility Study work at CuMo, with NYSE American trading as COPR starting July 2, 2026.
Closed a private offering of $1,357,947 in 12-month convertible notes, convertible at $6.00 per share, with warrants for up to 226,332 shares at $7.50 for five years. The notes automatically convert on an exchange listing in an underwritten offering at the lower of $6.00 or 70% of the offering price.
Amended its Mining Claims Agreement covering the CuMo project: joint-venture partner Multi-Metal Development Company assigned all its rights and obligations to Idaho Copper, leaving the company a standalone option (not an obligation) to buy the remaining claims and a net smelter royalty for $500,000 cash plus $1.5 million of its own stock -- simplifying and consolidating control of the project's land package.
Closed the Series A Preferred/warrant financing round with 23 investors for a total of $1,692,000, placed by Newbridge Securities on a 10% commission -- continued heavy reliance on dilutive structured financing to fund the CuMo project.
Created a new Series A Convertible Non-Voting Preferred Stock (each share convertible into 50,000 common shares) and sold an initial 19 units plus three-year warrants ($0.24 strike) to investors -- the opening close of a several-month, heavily structured financing round.
As newly renamed Idaho Copper Corporation, dismissed HHC as auditor; HHC's prior report had flagged substantial doubt about the company's ability to continue as a going concern.
The shell (still legally Joway Health Industries Group, by then based in Boise, ID) completed a share exchange with International CuMo Mining Corporation (ICUMO) and its shareholders -- the reverse merger that gave the registrant its current mining business, the CuMo molybdenum-copper-silver project near Boise; renamed Idaho Copper Corporation shortly after.
As Joway Health Industries (by then trading over-the-counter as GTVI, having moved on from its original Chinese conglomerate name), agreed to sell its entire operating subsidiary Dynamic Elite International back out for just $119,070 cash, to be distributed pro rata to shareholders -- cashing out the real China operations for a token sum to leave a clean public shell.
As Joway Health Industries Group, changed auditors from Sherb & Co. to RBSM LLP after Sherb's practice merged into RBSM -- an administrative transition, not a dismissal for cause.
7 Oct 2010asset acquisition disposition● NeutralMajor
As G2 Ventures, Inc., completed a reverse merger with Dynamic Elite International (parent of Tianjin-based Joway Group, a Chinese health-products, decoration-engineering and import/export conglomerate) -- unrelated to the mining business this same registrant would take on more than a decade later as Idaho Copper.