M&A - Idaho Copper Corp

Form Type: 10-K

Filing Date: 2025-04-22

Corporate Action: Merger

Type: New

Accession Number: 000164117225005644

Filing Summary: Idaho Copper Corporation has undergone significant structural changes following a merger with International CuMo Mining Corporation (ICUMO). The merger involved the transfer of all issued shares of ICUMO's common stock to Idaho Copper in exchange for newly issued shares of Idaho Copper, effectively making ICUMO a wholly owned subsidiary. This transaction was pivotal as ICUMO is in control of the CuMo Project, a major copper-molybdenum-silver mining venture in Idaho, which consists of extensive mining claims. Following the merger, the ownership structure shifted substantially, with ICUMO shareholders obtaining 90.1% of Idaho Copper's common stock as a result. New management appointments were made, including a new CEO and CFO, succeeding the prior leadership. This merger positions Idaho Copper strategically to leverage the valuable resources of the CuMo Project, addressing the anticipated copper supply deficit highlighted in the document. The report includes detailed financial disclosures and outlines the company’s business operations, historical context, and future outlook, reinforcing the entity's commitment to advancing its mining projects.

Form Type: 10-K/A

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225005125

Filing Summary: Idaho Copper Corporation, formerly known as Joway Health Industries Group Inc., filed this Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended January 31, 2024. The amendment corrects disclosures in Item 1 and includes additional details required by Item 1304(b) of Regulation S-K, following a letter from the SEC. A significant aspect of this filing is the company's acquisition of International CuMo Mining Corporation (ICUMO) on January 23, 2023, which was completed through a share exchange agreement. Under this agreement, ICUMO's shareholders received shares of Idaho Copper, resulting in a change of control, with ICUMO becoming a wholly owned subsidiary. The filing also clarifies changes to the company's board and management following the exchange. As of April 16, 2025, there were 262,296,039 shares of common stock outstanding. The amendment does not alter the financial statements from the original filing but includes new certifications from the principal executive and financial officers as required.