Investor Presentaiton

The CuMo Project - Comparison to Peer Group (1)(2) COPR is significantly undervalued vs. the majority of its Peer Group (public copper mining companies in the Americas) • As a percentage of (NPV of PEA / Market Cap), and • (Total Millions of lbs of Measured and Indicated Cu-Equivalent / Market Cap) IDAHO COPPER ARIZONA SONORAN Ivanhoe ELECTRIC FORAN NGEX CEFFTE CENTANY FILO MINING MINING CORPORATION marimaca MINERALS Corporate Name Primary Stock Symbol Market Capitalization (MM USD) Asset Name Economic Study Level Idaho Copper Corporation COPR $44 Arizona Sonoran Copper Corp. Ivanhoe Electric Inc. Filo Mining Corporation Foran Mining Corporation Marimaca NGEX Copper Corp. Minerals Ltd. Western Copper and Gold Corp. western COPPER AND GOLD TRILOGY metals inc Trilogy Metals Inc. Copper Company Inc. Highland Copper Company Inc. HIGHLAND ASCU $135 CuMo Project Cactus / Parks Salyer IE $1,300 Santa Cruz / Tintic FIL $2,080 2020 PEA PEA Jurisdiction Idaho Arizona Resource Arizona / Utah Filo del Sol PFS Argentina FOM $635 Mcllvnna Bay FS Saskatchewan MARI $281 Marimaca PEA Chile NGEX WRN $795 $283 Los Helados Resource Chile Casino PEA Yukon TMQ $97 Arctic & Bornite FS Alaska HI $41 Copperwood FS Michigan Fraser Institute Policy (Rating of 100) 83 85 85/91 77 91 69 69 80 85 72 Measured & Indicated Attributable 12,257 1,611 5,618 6,019 1,419 1,477 14,609 15,140 9,300 4,800 Resource (Mlbs Cu Equivalent) Inferred Attributable Resource 11,445 4,894 4,991 2,116 337 712 4,658 6,605 6,420 3,500 (Mlbs Cu Equivalent) TOTAL (Mlbs Cu Equivalent) 23,702 6,505 10,609 8,135 1,756 2,189 19,267 21,745 15,720 8,300 Headline After-Tax NPV @8% $356 $312.0 $1,280.0 $845.0 $524.0 $1,800.0 $1,135.0 $533.0 (Millions USD) Market Cap as % of NPV 12% 44% 163% 75% 54% 16% 9% 8% Market Cap/lb M&I Cu-equivalent 0.4% 8.4% 23.1% 37% 45% 19% 5% 2% 1% 1% Economic Study $3.00 $3.35 $3.70 $3.00 $3.35 $3.15 $3.00 $3.60 $3.00 $3.10 Long-Term Copper Price (US$/lb Cu) 1. As compiled from publicly traded information by the management team of COPR, as of 5-9-23 2. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. COPPER IDAHO © 2023 Idaho Copper Corp. All rights reserved. 15

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