NEMESIA SARL ACQUIRES SHARES OF FARADAY COPPER CORP.
Faraday expands its near-surface oxide resource at the Arizona Copper project as Lundin Trust increases its stake in the development.
Nemesia S.à.r.l., controlled by trusts settled by the late Adolf H. Lundin, acquired 3,344,500 common shares of Faraday Copper Corp. at $5.57 per share for approximately $18.6 million. The purchase raises Nemesia's total holding to 56,039,005 shares, representing approximately 19.11% of issued and outstanding capital.
Faraday reported Phase IV drill results from 14 holes at the Copper Creek Project, highlighting expanded near-surface oxide and sulphide mineralization. Key intercepts include:
- 100.8m at 0.22% Cu from surface east of Copper Giant
These results reinforce the potential for early copper cathode production via heap leaching. Drilling was paused in June pending the San Manuel acquisition, with operations expected to resume in Fall 2026.
The Lundin family’s continued share accumulation demonstrates strong strategic confidence at current valuation levels, effectively putting a floor under the stock. These drill results are incremental but highly relevant to the company's thesis, confirming extensive near-surface oxide zones that lower the pathway to early, low-CAPEX production.
As a follow-up to the March 2026 private placement and ongoing exploration program, this represents routine execution of the company's strategic roadmap.
Faraday Copper Corp. is an advanced exploration and development company focused on copper, molybdenum, and silver in Arizona, USA. Its flagship project is Copper Creek, a large porphyry and breccia-hosted copper deposit located approximately 80 km northeast of Tucson. The deposit features high-grade, near-surface mineralization with significant exploration upside, as less than 15% of the 320+ known breccias have been drilled.
The company is also pursuing strategic expansion by acquiring the adjacent San Manuel property from BHP Group. This transaction aims to create a consolidated, multi-generational copper district leveraging approximately 27,000 acres of private land and existing regional infrastructure.