Idaho Copper Corp. (OTC Pink: COPR) Investor Meeting briefing document

This is a briefing document generated from the webinar held on the 5th November 2024.

Main Themes:

• Project Timeline and Financing: Focus on the potential timeline for the CuMo project, including ambitious commissioning targets and strategies for securing funding.
• Pre-Feasibility Study (PFS): Details on the upcoming PFS, its estimated cost, and how the company plans to allocate resources.
• Government Funding Opportunities: Exploration of potential funding avenues through the Department of Defense (DOD) and the Department of Energy (DOE).
• Market Positioning: Discussion of the company’s efforts to enhance its market presence, including plans for uplisting and increasing share value.

Important Ideas / Facts:

• Ambitious Timeline: CEO Andrew Brodkey suggests a potential commissioning date of 2030 or 2031, assuming no legal challenges. This highlights the company’s aggressive approach to project development.
• Funding Strategy: Idaho Copper plans to raise $20 million to cover half the estimated $40 million PFS cost. This funding will be split between drilling and fieldwork ($15 million) and other PFS activities.
• Government Grants: The company is actively pursuing grant opportunities from the DOD and DOE, emphasizing the strategic importance of domestic copper production.
• Share Value Enhancement: CFO Robert Scannell indicates that the updated PEA and increased liquidity could lead to a rise in the company’s share price.
• Revenue Generation: Brodkey acknowledges the lengthy permitting and litigation process in the US, which can typically take up to 29 years. However, Idaho Copper aims to expedite the process and bring the mine online before the end of the decade.

Key Quotes:

• Project Timeline: “Andrew Brodkey, CEO, discussed the potential timeline for the project, stating that if there were no legal challenges, the project could potentially be commissioned by 2030 or 2031.”
• Financing Plans: “He also mentioned that the company plans to raise $20 million to offset half the cost of the estimated $40 million for the pre-feasibility study (PFS), with $15 million going towards drilling and fieldwork.”
• Government Grants: “He also noted that the company is in touch with grant writers to secure financing from the Department of Defense or the Department of Energy.”
• Share Price Potential: “Robert Scannell, CFO, added that the company’s share price could potentially increase once the updated PEA is available and the company has more liquidity.”

Next Steps:

• Secure Government Funding: Submit a detailed white paper to the DOD and DOE outlining the project’s significance.
• Uplisting and Capital Raising: Initiate the uplisting process and raise $20 million to support the PFS.
• PFS Completion: Continue the pre-feasibility study over the next 18 to 24 months.

Overall Impression:

Idaho Copper presents an ambitious vision for developing a major domestic copper project. The company is pursuing a multi-pronged strategy to secure financing, including private investment and government grants. While acknowledging the challenges inherent in the US permitting process, Idaho Copper aims to expedite the project and capitalize on the growing demand for copper.