Idaho Copper Corp

On September 12, 2025, International Energy & Mineral Resources Investment Company Limited (“IEMR”), a shareholder of the Company, filed a lawsuit in the Fourth Judicial District of Idaho seeking a declaratory judgment that the Lock-Up Agreement dated December 21, 2022, and its First Amendment dated March 30, 2024 (collectively, the “Lock-Up Agreement”) have terminated according to their terms and that IEMR may freely trade its shares.

The Company maintains that IEMR remains subject to the restrictions of the Lock-Up Agreement and filed its response to the lawsuit on September 30, 2025. On November 4, 2025, IEMR filed a motion for summary judgement on its declaratory judgement claim. The Company’s response in opposition to the motion for summary judgement was due on January 29, 2026. At that time, IEMR moved to dismiss the complaint without prejudice, and the court issued a stipulation dismissing the case.

Additionally, we are involved in a federal district court lawsuit with the Forest Service which is challenging the Exploration PoO P anticipated to be filed in June 2025 by environmental and nongovernment organizations in opposition to exploration at CuMo, where the Company has intervened.