UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 16, 2023
IDAHO COPPER CORPORATION
(Exact name of registrant as specified in its charter)
| Nevada | 333-108715 | 98-0221494 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
800 W. Main St, Ste 1460 Boise, ID |
83702 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (208) 274-9220
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure.
On August 17, 2023, Idaho Copper Corporation, a Nevada corporation (the “Company”) issued a press release announcing the completion of the change of the Company’s name from “Joway Health Industries Group Inc.” to “Idaho Copper Corporation” (the “Name Change”) and the issuance of a new ticker symbol.
A copy of the Press Release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Section 8 - Other Events
Item 8.01 Other Events.
As previously disclosed in the Form 8-K filed by the Company on March 10, 2023, the Company filed an amendment to its Certificate of Incorporation to, among other things, effect the Name Change in the State of Nevada and reported that the Company had submitted to the Financial Industry Regulatory Authority, Inc. (“FINRA”) a voluntary request for review and processing of the Name Change and a ticker symbol change.
On August 16, 2023, FINRA informed the Company that it had completed processing the application for the Name Change and ticker symbol change. The FINRA Daily List Announcement Date for the FINRA corporate action was August 16. 2023. The Market Effective Date was August 17, 2023. The Company’s ticker symbol is now “COPR”.
Following the name change, the stock certificates, which reflect the Company’s prior corporate name, will continue to be valid. Certificates reflecting the new corporate name will be issued in due course as old stock certificates are tendered for exchange or transfer to the Company’s transfer agent.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
d) Exhibits. The following exhibit is included in this Report:
| Exhibit No. | Description | |
| 99.1 | Press Release issued August 17, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| IDAHO COPPER CORPORATION | ||
| Dated: August 16, 2023 | By: | /s/ Robert Scannell |
| Name: | Robert Scannell | |
| Title: | Chief Financial Officer and Treasurer | |
| 3 |
Exhibit 99.1
Idaho Copper Corp. Announces Official Name and Symbol Change
Boise, Idaho – August 17th, 2023 – Idaho Copper Corporation (OTC:COPR), (“ICC” or the “Company”), a U.S. based company focused the exploration and development of its copper-molybdenum-silver deposit in Idaho, known as “the CuMo” project, announces that FINRA has processed its name and symbol change effective August 17th, 2023. The Company was formerly named Joway Health Industries Group Inc. and its former symbol was OTC:GTVI. Beginning today, the Company’s common shares will begin trading under the new name “Idaho Copper Corporation,” and under the new OTC trading symbol “COPR”.
“This corporate action is an important next step in our evolution,” commented Steven Rudofsky, Chief Executive Officer of Idaho Copper Corporation. “It will allow us to resume DTC eligibility, start our branding / market awareness campaign, and apply for listing on the OTCQB market in the near-term. At the same time, we are beginning important engineering studies designed to validate ore-sorting technologies at the CuMo project.”
Mr. Rudofsky added: “According to S&P, copper demand is projected to double by 2035, and during that time the US needs to become less reliant on foreign suppliers of key industrial minerals. Our goal is to make Idaho Copper a major domestic supplier of copper, molybdenum and silver.”
No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.
About Idaho Copper Corporation
Idaho Copper Corporation is a mineral exploration and development company focused on exploring and developing a large copper-molybdenum-silver deposit in Idaho (United States), (“the CuMo” project). The CuMo project currently consists of one hundred and twenty-six (126) federal unpatented lode mining claims, and six (6) patented mining claims. In total, the project comprises approximately 2,640 acres. The unpatented lode mining claims and patented claims are situated in an unorganized mining district in Boise County, Idaho.
For more information, visit: www.idaho-copper.com.
Safe Harbor Statement
This press release contains forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. These statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, the Company cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, the Company has no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2023, and the Company’s other periodic and quarterly filings with the SEC.
For further information, please contact:
info@idaho-copper.com