Faraday Copper Reports Near-Surface Copper Mineralization in 14 Drill Holes, Increasing Confidence in Future Resource Growth

Faraday Copper Corp. (FDY) has released results from 23 drill holes completed during its Phase IV program at the Copper Creek Project in Arizona. Of the 23 holes, 14 intersected near-surface copper mineralization, while eight reported no significant intercepts and one was designated as a hydrogeological or condemnation hole.

In the American Eagle area, highlights include FCD-26-192, which returned 19.00 m at 0.55% Cu from 42.00 m within a previously undrilled breccia and porphyry trend approximately 350 m south of the American Eagle breccia. Other notable intercepts in this zone include FCD-26-184, reporting 20.00 m at 0.52% Cu from 149.00 m, and FCD-26-183, which yielded 31.00 m at 0.25% Cu from 28.00 m, along with an additional 10.00 m at 0.35% Cu and 22.00 m at 0.28% Cu.

At the Copper Giant East oxide zone, the company reported FCD-26-190 with 100.80 m at 0.22% Cu from surface. Additional results included FCD-26-181, which returned 74.00 m at 0.16% Cu from surface, including 14.00 m at 0.20% Cu; FCD-26-180, reporting 56.00 m at 0.20% Cu from surface, including 28.00 m at 0.28% Cu; and FCD-26-191, which intersected 48.34 m at 0.21% Cu from 67.09 m.

Other intercepts included FCD-26-185, reporting 14.33 m at 0.56% Cu from surface, and FCD-26-163, which returned 40.00 m at 0.32% Cu from 20.00 m. These results will be incorporated into the next mineral resource update, which is planned for next year, marking the completion of Phase IV resource definition drilling.

Faraday Copper Corp. (FDY) is not a grassroots micro-cap explorer. The company holds a substantial 2023 mineral resource estimate (MRE), a preliminary economic assessment (PEA), a market capitalization exceeding C$1.5 billion, and a major pending acquisition of San Manuel from BHP.

The latest drill release serves as incremental resource-definition news. It confirms near-surface copper mineralization and may add lower-grade oxide and breccia material, but it does not transform the deposit scale, grade, or the equity story. The new American Eagle South trend is notable as a previously undrilled breccia/porphyry trend; however, one hole returning 19 meters of 0.55% copper is insufficient to materially change the resource thesis.

Compared with prior Phase IV results, this batch is thinner and lower grade. The barren holes are not thesis-damaging misses, as the program had resource-definition and geotechnical objectives.

The market has already priced in a larger Copper Creek system and the San Manuel transaction. The stock re-rated from approximately C$1.35 in September 2025 to over C$6.00 by mid-2026 before retracing to C$5.23.

Faraday Copper Corp. is a Canadian-listed copper exploration and development company active in Arizona, USA. Its flagship asset is the 100%-owned Copper Creek Project, a porphyry/breccia copper-molybdenum-silver system featuring near-surface oxide and deeper sulphide mineralization. A 2023 NI 43-101 MRE and PEA are available. The presentation reports consolidated M&I resources of about 421.9 Mt at 0.45% Cu for roughly 4.2 B lb copper, plus inferred resources of about 83.6 Mt at 0.34% Cu for roughly 0.63 B lb copper.

The company is acquiring BHP’s adjacent San Manuel property, which historically produced over 4.5 Mt copper, in exchange for approximately 30% of Faraday’s fully diluted shares. As of June 30, 2026, cash and cash equivalents were C$94.2M, total assets C$150.8M, and total liabilities C$8.0M. The company is pre-revenue and reported a Q2 2026 net loss of C$13.96M. Shares outstanding were approximately 292.7M as of June 30, 2026. Key shareholders include the Lundin family vehicles and BHP.