Mineral exploration company Idaho Copper Corporation (COPR.US), which focuses on copper, molybdenum, and silver projects in Idaho, announced on Thursday a significant increase to the size of its forthcoming initial public offering. Based on recent over-the-counter market quotes, the Boise, Idaho-based firm now intends to offer 2.3 million shares at a price of $6.40 per share, aiming to raise $15 million. This represents a substantial revision from its initial filing to sell 800,000 shares at the same price. Under the amended terms, the funds raised by Idaho Copper will be 200% greater than previously anticipated. The company's fully diluted market valuation is expected to be approximately $115 million, a 6% decrease compared to the valuation under the original terms. The company's primary operation involves the exploration and development of the CuMo project, a copper, molybdenum, and silver deposit in Idaho. The project spans roughly 2,640 acres and includes 132 mining claims, comprising 126 federal lode mining claims and 6 patented mining claims. A preliminary economic assessment for the project was completed in 2020, and an updated report is currently in preparation. Founded in 2005, Idaho Copper plans to list on the NYSE American exchange under the ticker symbol COPR. ThinkEquity is acting as the sole book-running manager for the offering.