Key facts
| Company | Faraday Copper (TSX: FDY) |
|---|---|
| Commodity | Copper |
| Location | Canada |
| Stage | PEA |
About Copper Creek Project
Copper Creek is a vast, 3-kilometer-long porphyry copper deposit located in Pinal County, less than two hours northeast of Tucson, Arizona.
Mineral resource estimates
6 reported estimates, newest first. Categories are as disclosed by Faraday Copper; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Ag g/t | Ag oz | Cu % | Effective |
|---|---|---|---|---|---|
| MeasuredNI 43-101 | 101.6 Mt | 1.30 g/t | 4.40 Moz | 0.48 % | May 4, 2023 |
| IndicatedNI 43-101 | 320.2 Mt | 1.10 g/t | 11.20 Moz | 0.44 % | May 4, 2023 |
| InferredNI 43-101 | 83.6 Mt | 0.60 g/t | 1.70 Moz | 0.34 % | May 4, 2023 |
| MeasuredNI 43-101 | 101.6 Mt | 1.30 g/t | 4.40 Moz | 0.48 % | Feb 9, 2023 |
| IndicatedNI 43-101 | 320.2 Mt | 1.10 g/t | 11.20 Moz | 0.44 % | Feb 9, 2023 |
| InferredNI 43-101 | 83.6 Mt | 0.60 g/t | 1.70 Moz | 0.34 % | Feb 9, 2023 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Preliminary economic assessment
May 4, 2023- IRR
- 15.6%
- Payback
- 4.1 years
- Initial capex
- US$798M
- Mine life
- 32 years
Preliminary economic assessment
May 3, 2023- IRR
- 15.6%
- Payback
- 4.1 years
- Initial capex
- US$798M
- Mine life
- 31.7 years
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.
News releases16 on file
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
Drill resultsFaraday 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 diamo
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 Ameri
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 P
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 tra
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 13,636,4
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 f
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
Drill resultsFaraday 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. Assay
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 h
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%
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 updat
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 Ari
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 nea
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 expect
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
Drill results