Idaho Copper Corp

Pre-revenue exploration-stage copper miner with explicit going-concern doubt and a large working-capital deficit.

Strengths

• Holds the CuMo Project mining claims with a filed technical report
• Reduced operating cash burn versus prior year

Risks

• Going concern: $40M cumulative losses, $4.6M working-capital deficit, current ratio 0.02 (13th pct)
• No revenue or reserves established; needs ~$12M new financing with uncertain access

Notable findings

• Going concernGoing Concern Qualification Several conditions and events cast substantial doubt about the Company’s ability to continue as a going concern
• Negative equityNegative book equity (debt/equity -0.09)
• Weak liquidityCurrent ratio 0.02 (<1)
• Buying back stockNet buyback — share count -11%/yr over 4y