Idaho Copper Corp
For the period ended Oct 31, 2025. Filed Nov 25, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2025 · Filed Nov 25, 2025
COPR-WT$0.73+21.7%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-07-31; filed 2025-09-09.
0001641172-25-026897
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-10-31; filed 2025-11-25.
0001493152-25-024975
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 49 previous paragraphs and 49 current paragraphs.
36 unchanged; 12 reworded; 1 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
For the nine months ended October 31, 2025, compared to the nine months ended October 31, 2024
Removed paragraphs (1)
Previous report
For the six months ended July 31, 2025, compared to the six months ended July 31, 2024
Reworded paragraphs (12)
Previous wording
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the condensed consolidated financial statements and notes thereto for the three and six months ended July 31, 2025, and 2024, and related management discussion herein.
Current wording
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the condensed consolidated financial statements and notes thereto for the three and nine months ended October 31, 2025, and 2024, and related management discussion herein.
Previous wording
Several conditions and events cast substantial doubt about the Company’s ability to continue as a going concern. The Company has incurred cumulative net losses of $38,603,794 from its inception to July 31, 2025, and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through debt or future issuances of capital stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern.
Current wording
Several conditions and events cast substantial doubt about the Company’s ability to continue as a going concern. The Company has incurred cumulative net losses of $39,392,829 from its inception to October 31, 2025, and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through debt or future issuances of capital stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern.
Previous wording
The Company had operating expenses of $701,469 for the three months ended July 31, 2025, compared to $943,460 for the three months ended July 31, 2024. The decrease was primarily due to the decrease in professional fees ($28,311 for the three months ended July 31, 2025 compared to $81,694 for the same period in 2024), decrease in payroll and related expenses ($60,000 for the three months ended July 31, 2025 compared to $195,150 for the same period in 2024), rent expense ($349 for the three months ended July 31, 2025 compared to $29,385 for the same period in 2024), and a decrease in other general and administrative expenses ($15,309 for the three months ended July 31, 2025 compared to $272,423 for the same period in 2024), offset by an increase in stock-based compensation ($597,500 for the three months ended July 31, 2025 compared to $364,808 for the same period in 2024).
Current wording
The Company had operating expenses of $669,987 for the three months ended October 31, 2025, compared to $2,204,968 for the three months ended October 31, 2024. The decrease was primarily due to the decrease in professional fees ($270,707 for the three months ended October 31, 2025 compared to $285,336 for the same period in 2024), rent expense ($7,645 for the three months ended October 31, 2025 compared to $28,800 for the same period in 2024), a decrease in stock-based compensation ($257,500 for the three months ended October 31, 2025 compared to $1,704,024 for the same period in 2024), a decrease in other general and administrative expenses ($64,135 for the three months ended October 31, 2025 compared to $126,808 for the same period in 2024), offset by an increase in payroll and related expenses ($70,000 for the three months ended October 31, 2025 compared to $60,000 for the same period in 2024),
Previous wording
The Company had other expenses, net, of $76,495 for the three months ended July 31, 2025, compared to $92,521 of expense for the three months ended July 31. 2024.
Current wording
The Company had other expenses, net, of $119,048 for the three months ended October 31, 2025, compared to $147,613 of expense for the three months ended October 31. 2024.
Previous wording
The Company had a net loss of $777,964 for the three months ended July 31, 2025, compared to $1,035,981 for the three months ended July 31, 2024.
Current wording
The Company had a net loss of $789,035 for the three months ended October 31, 2025, compared to $2,352,581 for the three months ended October 31, 2024.
Previous wording
The Company had operating expenses of $1,264,607 for the six months ended July 31, 2025, compared to $1,918,422 for the six months ended July 31, 2024. The decrease was primarily due to the decrease in professional fees ($198,635 for the six months ended July 31, 2025 compared to $340,609 for the same period in 2024), decrease in payroll and related expenses ($125,000 for the six months ended July 31, 2025 compared to $452,650 for the same period in 2024), rent expense ($10,279 for the six months ended July 31, 2025 compared to $143,085 for the same period in 2024), and a decrease in other general and administrative expenses ($55,693 for the six months ended July 31, 2025 compared to $428,022 for the same period in 2024), offset by an increase in stock-based compensation ($875,000 for the six months ended July 31, 2025 compared to $554,056 for the same period in 2024).
Current wording
The Company had operating expenses of $1,934,594 for the nine months ended October 31, 2025, compared to $4,123,390 for the nine months ended October 31, 2024. The decrease was primarily due to the decrease in professional fees ($469,342 for the nine months ended October 31, 2025 compared to $625,945 for the same period in 2024), decrease in payroll and related expenses ($195,000 for the nine months ended October 31, 2025 compared to $512,650 for the same period in 2024), rent expense ($17,924 for the nine months ended October 31, 2025 compared to $171,885 for the same period in 2024), a decrease in stock-based compensation ($1,132,500 for the nine months ended October 31, 2025 compared to $2,258,080 for the same period in 2024), and a decrease in other general and administrative expenses ($119,828 for the nine months ended October 31, 2025 compared to $554,830 for the same period in 2024),
Previous wording
The Company had other expenses, net, of $196,245 for the six months ended July 31, 2025, compared to $161,825 of expense for the six months ended July 31. 2024.
Current wording
The Company had other expenses, net, of $315,293 for the nine months ended October 31, 2025, compared to $309,439 of expense for the nine months ended October 31. 2024.
Previous wording
The Company had a net loss of $1,460,852 for the six months ended July 31, 2025, compared to $2,080,247 for the six months ended July 31, 2024.
Current wording
The Company had a net loss of $2,249,887 for the nine months ended October 31, 2025, compared to $4,432,829 for the nine months ended October 31, 2024.
Previous wording
As of July 31, 2025, the Company had cash of $155. We do not have sufficient resources to effectuate our business. We expect to incur expenses offset by revenues during the next twelve months of operations. We estimate that these expenses will be comprised primarily of general expenses including overhead, legal and accounting fees. The Company does not project revenue for the next few years, as is typical in mining companies. The Company has and will continue to raise capital to fund the expenses. To maintain our plan of growth, we need to raise a minimum of an additional $750,000. These factors raise substantial doubts about the Company’s ability to continue as a going concern.
Current wording
As of October 31, 2025, the Company had cash of $2,067. We do not have sufficient resources to effectuate our business. We expect to incur expenses offset by revenues during the next twelve months of operations. We estimate that these expenses will be comprised primarily of general expenses including overhead, legal and accounting fees. The Company does not project revenue for the next few years, as is typical in mining companies. The Company has and will continue to raise capital to fund the expenses. To maintain our plan of growth, we need to raise a minimum of an additional $750,000. These factors raise substantial doubts about the Company’s ability to continue as a going concern.
Previous wording
Operations used cash of $326,123 for the six months ended July 31, 2025, compared to cash used of $1,599,274 for the same period in 2024.
Current wording
Operations used cash of $459,551 for the nine months ended October 31, 2025, compared to cash used of $2,071,799 for the same period in 2024.
Previous wording
We used cash in financing activities of $0 for the six months ended July 31, 2025, compared to $0 for the same period in 2024.
Current wording
We used cash in financing activities of $0 for the nine months ended October 31, 2025, compared to $0 for the same period in 2024.
Previous wording
We had cash provided by financing activities for the six months ended July 31, 2025, of $227,000 compared to $2,023,384 for the same period in 2024.
Current wording
We had cash provided by financing activities for the nine months ended October 31, 2025, of $360,940 compared to $2,060,384 for the same period in 2024.