Faraday Copper Reports 2025 Financial Results

The most recent news (March 11-12, 2026) confirms the closing of a C$100 million non-brokered private placement at C$4.20 per share. This financing is led by the Lundin Family Trust and a subsidiary of BHP Group Limited. Simultaneously, Faraday has entered into a Letter of Intent (LOI) to acquire BHP’s San Manuel property, which sits adjacent to Faraday’s flagship Copper Creek project. The acquisition will be settled by issuing shares to BHP, resulting in BHP holding a 30% interest in Faraday. Nemesia S.à.r.l. (Lundin entity) also increased its stake to 16.87% through this round.

This is a transformative "Game Changer" event for several reasons: - Strategic Validation: Having BHP (the world’s largest miner) and the Lundin family (renowned mine builders) as cornerstone investors provides massive technical and financial de-risking. - District Consolidation: The acquisition of San Manuel transforms Copper Creek from a standalone project into a district-scale play. San Manuel is a past-producing mine with significant historical resources that could share infrastructure with Copper Creek. - Financial Strength: The C$100M raise, following a C$48.7M raise in July 2025, provides a massive treasury to fund the 40,000m Phase IV drill program and technical studies. - Valuation Step-Change: The financing price of C$4.20 is a massive premium compared to the C$1.10 financing price seen in July 2025, indicating a rapid re-rating of the company's value.

Faraday Copper is focused on the Copper Creek Project in Pinal County, Arizona. - Flagship: Copper Creek is a Cu-Mo-Ag porphyry/breccia deposit. - Resource: 4.2 billion pounds of Copper (M&I) as per the 2023 PEA. - Economics: 32-year mine life with an NPV of $713M (at $3.80 Cu) and initial CapEx of $798M. - Expansion: The addition of San Manuel adds a past-producing asset with significant historical underground potential.