Idaho Copper has released an updated Preliminary Economic Assessment (PEA) for its CuMo project in Idaho, which significantly improves the project's net present value to $1.8 billion and doubles the IRR to 18.5%. The update benefits from lower initial capital costs and higher assumed metal prices, though the project maintains a long 46-year mine life with significant ongoing costs.
Highland Copper is advancing engineering optimizations at the Copperwood project, including a process plant redesign and evaluation of lower cut-off grades. These initiatives, aimed at improving project economics, will be incorporated into an updated feasibility study targeted for Q1 2027.
Highland Copper has outlined its 2026 work plan to advance the Copperwood Project toward a construction decision, focusing on FEED engineering and project financing. The company highlighted 2025 achievements including improved copper recoveries of 87.6% and a $250 million U.S. EXIM Letter of Intent.
