Proactive - Interviews for investors

Idaho Copper advances CuMo with updated PEA due year-end, targeting stronger economics, Fed support

Episode Summary

Idaho Copper CEO Andrew Brodkey joined Steve Darling from Proactive to share updates on the company’s flagship CuMo Project in Idaho, which is recognized as one of the largest undeveloped copper and molybdenum deposits in the United States—and potentially the world. The project hosts a vast resource base containing over 8 billion pounds of copper, 3.5 billion pounds of molybdenum, and 400 million ounces of silver, alongside strategic metals such as tungsten and rhenium that are critical to domestic manufacturing and defense applications. Brodkey explained that while a 2020 Preliminary Economic Assessment (PEA) outlined a massive mining operation with capital expenditures in excess of $3 billion, the economics at the time were not compelling enough to advance development. Since then, Idaho Copper has invested in XRF scanning and ore sorting studies (2024), which confirmed the deposit is variable and amenable to more efficient separation processes—results that could transform the project’s economics. To deliver this updated PEA, Idaho Copper has engaged Barr Engineering and Whittle Consulting, two highly regarded firms in mine design and optimization. The revised study is expected to provide a more realistic pathway for the CuMo Project to advance toward development. In parallel, the company is positioning itself for potential federal support, recognizing the national importance of securing U.S.-based supplies of copper and critical metals. Idaho Copper is preparing a white paper for submission to U.S. Department of Defense agencies and has also retained a lobbying firm to assist in securing grants and loans through federal programs designed to bolster domestic critical mineral production. Looking ahead, Idaho Copper has earmarked $40 million for its next-stage Pre-Feasibility Study (PFS), with a strategy that combines private funding and potential government contributions. If successful, this approach could fast-track the CuMo Project into the ranks of North America’s most strategically significant mining operations. #proactiveinvestors #idahocoppercorp #otc #copr #Molybdenum #CriticalMetals #IdahoCopper #CuMoProject #MiningInvestment #PEAUpdate #ResourceDevelopment #CopperStocks #ProactiveInvestors