20261 release
Faraday Copper Intersects Near-Surface Copper Mineralization from Five Drill Holes in the American Eagle Area
Results from the first eight holes of the Phase IV drill program at the Copper Creek Project in Arizona show five holes in the American Eagle area intersecting near-surface mineralization above open pit cutoff grade. FCD-25-134 returned a combined 177 m above 0.30% copper, including 17.58 m at 0.44% from 109.42 m, 16.46 m at 0.57% from 184.54 m and 45.25 m at 0.42% from 256.28 m; FCD-25-129 cut 56.00 m at 0.41% copper from 160.00 m. Phase IV totals 40,000 m planned, with 2,875 m reported and three rigs active.
Drill results
202517 releases
Faraday Copper Reports Third Quarter 2025 Financial Results
Third quarter results for the period ended September 30, 2025 showed a net loss of $5,457,549 ($0.02 per share) and exploration and evaluation expenses of $4,065,027, with a nine-month net loss of $18,692,360. Cash and cash equivalents stood at $45,875,360 versus $17,003,895 at December 31, 2024, following a July 29, 2025 private placement for net proceeds of $46,964,411. A 40,000 m Phase IV diamond drill program at the Copper Creek Project in Arizona began September 18, 2025.
CorporateFaraday Copper Initiates Largest Ever Drill Program at the Copper Creek Project in Arizona
A 40,000 m Phase IV diamond drill program has commenced at the Copper Creek Project in Arizona, allocating roughly 20,000 m to American Eagle near-surface mineralization, 10,000 m to oxide mineralization and 10,000 m to new discoveries in the district. The Bureau of Land Management recently approved an Exploration Plan of Operations covering up to 67 drill pads on federal land, 48 in or near American Eagle, versus nine previously. The updated resource and technical study has been deferred until after the program is completed.
Drill resultsFaraday Copper Reports Second Quarter 2025 Financial Results
A net loss of $5,414,380 ($0.03 per share) was reported for the three months ended June 30, 2025, and $13,234,811 ($0.06) for the six months, with cash and cash equivalents of $2,393,384 at June 30, 2025, down from $17,003,895 at December 31, 2024. Faraday closed a $48,773,450 private placement on July 29, 2025 at $1.10 per share. An updated mineral resource estimate and PEA for the Copper Creek Project in Arizona are due near the end of Q3 2025, with a 40,000+ m Phase IV drill program starting September 2025.
CorporateFaraday Copper Announces Closing of C$49 Million Financing
A brokered bought deal financing closed for 26,139,500 common shares at C$1.10 each for gross proceeds of C$28,753,450, including full exercise of the over-allotment option, alongside a non-brokered private placement of 18,200,000 shares at C$1.10 for C$20,020,000, totalling 44,339,500 shares for $48,773,450. Trusts settled by the late Adolf H. Lundin acquired 9,450,000 shares, a related party transaction under MI 61-101. Proceeds will fund the Copper Creek Project in Arizona, U.S., working capital and general corporate purposes, subject to final TSX approval.
FinancingFaraday Copper Upsizes Financing to C$45 Million
A previously announced brokered and non-brokered financing has been upsized from C$30,000,080 to up to C$45,023,000. The brokered bought-deal private placement now covers 22,730,000 common shares at C$1.10 each for gross proceeds of C$25,003,000, excluding the Underwriters' Option, with Ventum Financial Corp. as lead underwriter and sole bookrunner. The non-brokered portion increases to up to 18,200,000 shares at the same price for up to C$20,020,000. Other terms remain as disclosed July 14, 2025.
FinancingFaraday Copper Announces C$30 Million Financing
A brokered and non-brokered private placement for up to C$30,000,080 was launched to fund exploration and development at the Copper Creek Project in Arizona, U.S., and for general working capital. The bought-deal brokered portion covers 13,636,400 common shares at C$1.10 for C$15,000,040, with a 15% underwriters' over-allotment option and a 5.0% cash fee; the non-brokered portion is up to 13,636,400 shares at C$1.10 for up to C$15,000,040. The Lundin Family Trusts intend to subscribe. Both close on or about July 29, 2025.
FinancingFaraday Copper Receives Bureau of Land Management Approval for Exploration Plan of Operations at its Copper Creek Project
The Bureau of Land Management approved Faraday Copper's Exploration Plan of Operations for the Copper Creek Project in Arizona, issuing a final Environmental Assessment, finding of no significant impact and Decision Record on June 30, 2025. The plan covers up to 67 drill pads on federal land: 48 in or near the American Eagle area and southern Mammoth, 10 near other existing resource areas, and 9 for reconnaissance drilling on untested targets. The Phase IV drill program is expected to start in the third quarter, with an updated MRE and PEA also due in Q3 2025.
CorporateFaraday Copper Expands Near-Surface Mineralization in the American Eagle Area and Identifies Exploration Upside at the Sunrise Trend
Final nine holes of the Phase III program at the Copper Creek project in Arizona returned 45.64 m at 0.71% copper from 166.25 m within 110.80 m at 0.40% copper in FCD-25-113 at the Winchester breccia, 60.39 m at 0.43% copper from 206.65 m in FCD-25-115, and 48.40 m at 0.39% copper from 58.33 m in FCD-25-105. A reconnaissance hole at the Sunrise Trend, FCD-25-116, cut 57.98 m at 0.23% copper from 1,029.21 m in a previously undrilled porphyry system. All 79 Phase III holes have now been reported, with an updated resource estimate and PEA expected near the end of Q3 2025.
Drill resultsFaraday Copper Announces Annual General Meeting Voting Results
All eight nominee directors named in the May 15, 2025 management information circular were elected at Faraday Copper's virtual Annual General Meeting held June 18, 2025, and the appointment of the Company's auditors was approved with 99.70% votes for. A total of 123,821,278 shares were voted, representing 60.25% of issued and outstanding common shares. Support for individual directors ranged from 87.81% to 96.67% votes for.
CorporateFaraday Copper Intersects Near-Surface Supergene Copper Mineralization at the Globe and Copper Giant Breccias, Including 10.08 Metres at 3.62% Copper and 38.90 Metres at 0.51% Copper
Seven drill holes from the Phase III program at the Copper Creek Project in Arizona targeted near-surface supergene copper mineralization at the Globe and Copper Giant breccias. Results include 10.08 m at 3.62% copper from 65.92 m in FCD-25-107, 38.90 m at 0.51% copper from 3.55 m in FCD-25-111, and 27.46 m at 0.50% copper from 6.10 m in FCD-25-104; two holes returned no significant results. Assays from nine further holes are pending, with an updated technical study and mineral resource estimate expected near the end of Q3 2025.
Drill resultsFaraday Copper Reports First Quarter 2025 Financial Results
Financial results for the three months ended March 31, 2025 show a net loss of $7,820,431 ($0.04 per share) versus $5,499,835 a year earlier, with exploration and evaluation expenses of $6,484,508 and cash and cash equivalents of $7,551,568 at quarter-end, down from $17,003,895 at December 31, 2024. Phase III drilling at the Copper Creek Project in Arizona was completed in mid-April 2025 with 79 holes and 30,069 m; an updated MRE and PEA are expected near the end of Q3 2025. The company states it will need to raise additional funding.
CorporateFaraday Copper Discovers Blind Winchester Breccia, Expands Near-Surface Mineralization in the American Eagle Area and Provides Copper Creek Project Update
Results from five Phase III drill holes at the Copper Creek Project in Arizona include the discovery of the blind Winchester breccia, where hole FCD-25-102 intersected 154.29 m at 0.26% copper and 1.07 g/t silver from 302.54 m, including 22.23 m at 0.42% copper and 1.82 g/t silver from 333.20 m. Near-surface intercepts included 57.87 m at 0.37% copper from 38.71 m (FCD-25-099) and 40.70 m at 0.34% copper from 62.62 m (FCD-25-100); hole FCD-24-089 at Rum returned no significant results.
Drill resultsFaraday Copper Intersects 56.57 Metres at 0.59% Copper at Boomerang and 18.49 m at 0.98% Copper at Banjo
Seven holes from the Phase III program at the Copper Creek Project in Arizona returned results including FCD-24-094, which cut 18.49 m at 0.98% copper and 1.64 g/t silver from 198.00 m within 80.90 m at 0.44% copper, 30.00 m at 0.25% copper from 9.00 m, and 56.57 m at 0.59% copper and 1.58 g/t silver from 427.29 m. At Rum, FCD-24-095 intersected 19.74 m at 0.83% oxide copper from surface. An updated mineral resource estimate and technical study are expected in the second half of 2025, incorporating nearly 40,000 metres of additional drilling.
Drill resultsFaraday Copper Reports 2024 Financial Results
A net loss of $22,548,709 ($0.12 per share) was reported for the year ended December 31, 2024, compared with $20,499,964 ($0.12) in 2023, with exploration and evaluation expenses of $18,647,345. Cash and cash equivalents stood at $17,003,895 at December 31, 2024, following a May 30, 2024 bought deal of 28,750,000 shares at $0.80 for gross proceeds of $23,000,000. At the Copper Creek Project in Arizona, over 30,000 m of drilling will feed a resource update, with an updated technical study in the second half of 2025.
CorporateFaraday Copper Announces Positive Metallurgical Results and Confirms High Copper Recovery through Coarse Grind and Flotation
Metallurgical test work on Phase III samples from the Copper Creek project in Arizona returned copper rougher recoveries of 95.0% on a sulphide composite from the American Eagle area using coarse particle flotation, with a 350 µm primary grind plus CPF scavenging giving recovery comparable to conventional flotation at 200 µm and roughly 50% less ball mill grinding energy. Locked cycle tests on near-surface American Eagle material gave copper recoveries above 92% at approximately 31% copper concentrate grade. Testing was conducted by ALS Metallurgy with Ausenco oversight; an updated technical study is expected in the second half of 2025.
Study resultsFaraday Copper Intersects 47.95 Metres at 0.74% Copper Within 304.40 Metres at 0.35% Copper in the American Eagle Area
Six holes from the Phase III program at the Copper Creek Project in Arizona returned results, including FCD-24-091 with 304.40 m at 0.35% copper and 0.87 g/t silver from 170.09 m, including 47.95 m at 0.74% copper. FCD-24-088 cut 131.36 m at 0.47% copper from 382.81 m, and the first hole into the Jailhouse breccia, FCD-24-081, returned 84.83 m at 0.39% copper from 34.96 m. A data cut-off is expected by the end of Q1 2025, with an updated technical study in the second half of 2025.
Drill resultsFaraday Copper Intersects 40.06 Metres at 0.78% Copper Within 109.42 Metres at 0.41% Copper at the Boomerang Breccia and Expands Near-Surface Mineralization at the Prada Breccia
Results from five Phase III drill holes at the Copper Creek Project in Arizona include FCD-24-082, which cut 118.28 m at 0.30% copper and 1.14 g/t silver from 168.92 m at Prada, and 109.42 m at 0.41% copper, 0.007% molybdenum and 1.24 g/t silver from 417.90 m at Boomerang, including 40.06 m at 0.78% copper. FCD-24-077 returned 197.20 m at 0.22% copper from 25.37 m, while a reconnaissance hole east of Area 51 returned 58.08 m at 19.10 g/t silver from surface.
Drill results
20221 release
Faraday Copper to Commence Trading on the TSX on November 3, 2022
Faraday Copper's common shares have been approved for listing on the Toronto Stock Exchange and will begin trading at market open on November 3, 2022 under the symbol FDY. The shares will be delisted from the Canadian Securities Exchange on November 3, 2022 upon commencement of TSX trading. Shareholders need take no action, as there is no change to the trading symbol or CUSIP.
Corporate