Idaho Copper Corp

Priced an underwritten public offering on NYSE American (ticker COPR) led by ThinkEquity, expected to net about $16 million to fund an updated Preliminary Economic Assessment and the first phase of a Prefeasibility Study for the CuMo molybdenum-copper-silver project -- the uplisting that caps over two decades of shell/penny-stock history for this registrant.

material agreement

the exchange certified Idaho Copper Corp's securities for listing, clearing them to begin trading.

listing compliance notice

Closed a $1.36 million private offering of convertible notes (convertible at the lower of $6.00/share or 70% of a future offering price) and warrants ($7.50 strike) -- bridge financing ahead of a planned NYSE American uplisting.

capital raising announcement

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.

material agreement

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.

capital raising announcement

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.

capital raising announcement

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.

business combination

Completed the $119,070 sale of Dynamic Elite International, formally exiting its Chinese operating business and becoming a shell company again.

business combination

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.

business combination

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.

asset acquisition disposition