Faraday Copper Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek project is one of the largest undeveloped copper projects in North America, with both open pit and bulk underground mining potential.

The Company is well financed to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. The Company’s mission is to support the global energy transition and promote a sustainable future through the responsible development of domestically sourced North American copper.

Investment Highlights

Strategy: Creating Value by Advancing One of the Largest Copper Projects in the U.S.

• Copper Creek is a large undeveloped Cu-Mo-Ag resource in a Tier-One mining jurisdiction, with over 4.2 Blbs of copper Measured and Indicated Mineral Resource backstopped by a robust Preliminary Economic Assessment (PEA)
• Significant exploration upside with ongoing drilling, new near-surface discoveries and a portfolio of untested targets
• Growing the resource though definition of near-surface high-grade zones and step-out drilling
• Updated technical report in H2 2025 targeting enhanced project economics through increased scale, optimized process flowsheet and inclusion of gold
• Gold program targeting potential gold inclusion in future resource updates
• Experienced management team and Board of Directors
• Current U.S. Administration is highly-supportive of domestic mining projects
• Supported by the Lundin Family, Murray Edwards and Pierre Lassonde and well-funded to deliver on the Company’s strategy
• Environmental & Stakeholder Engagement
• Baseline environmental monitoring systems in place for data collection to support permitting process
• Commitment to open dialogue and support for the local economy and social programs

FLAGSHIP PROJECT

Copper Creek Project, Arizona

Located in a Top Mining Jurisdiction

Arizona Produced ~70% of U.S. Copper in 2023 (USGS)

• 100% owned property in Pinal County, Arizona, US – a top ranked mining jurisdiction in the world
• Excellent infrastructure with access to road, rail and power
• Near mining and service hubs with skilled labour: ~80 road km northeast of Tucson, ~25 road km northeast of San Manuel
• Adjacent to BHP’s San Manuel / Kalamazoo deposit
• ~40 km from the Hayden Smelter (Asarco)
• ~73 sq. km Property offers strategic benefits
• Copper Creek hosts multiple breccia and porphyry copper deposits
• District exploration upside with several hundred breccias mapped, less than 40 drill-tested and only 17 included in the Mineral Resource. Breccias offer high-grade, near surface mineralization potential and underpin the open pit resource
• Preliminary Economic Assessment (PEA) (2023) base case outlines a combined open pit and bulk underground mine, low initial capital investment and over three billion pounds of payable copper production during a 32-year mine life
• Post-tax net present value (7%) of US$713 million and internal rate of return of 16%
• Mineral Resource Estimate (MRE) outlining 4.2 billion pounds of copper Measured and Indicated (M&I) Mineral Resources, and 0.6 billion pounds of copper Inferred Mineral Resources
• 83% of the Mineral Resources are in the M&I category
• The PEA base case identified numerous value catalysts, which could unlock significant upside. Resource expansion and metallurgical optimization highlight the potential to increase mill throughput and enhance the metal production profile

Copper Creek Project Update

With extensive historical exploration, over 200,000 m of drilling and modest past production, significant exploration upside remains. There are several hundred known breccia occurrences mapped at surface, of which less than 20% have been drill tested and only 17 are included in the MRE.

In the Phase II drill program assay results confirmed the potential for gold to occur in economic concentrations in certain phases of the mineralization. Gold is not currently included in the MRE. A sampling program to gather sufficient data coverage for potential gold inclusion in future technical studies is largely complete. The results from the Childs Aldwinkle and Copper Prince breccias, as well as the Keel underground zone have been returned and released. The Company continues to evaluate other areas for potential inclusion of gold in future mineral resource updates.

The Company has reported results from a metallurgical program focused on grind size optimization that demonstrated the viability of coarse particle flotation, gold recoveries in concentrate and test work on near surface oxide mineralization.

The Company is focusing on exploration at the property while continuing to advance technical studies, environmental data gathering, and stakeholder outreach.

Catalysts and Next Steps

The ongoing Phase III drilling commenced in October 2023 and has been focused on near-surface mineralization in new targets, primarily within the American Eagle area.

The Company will have completed nearly 40,000 metres of incremental drilling beyond the current Mineral Resource Estimate (MRE), which represents a significant opportunity to enhance the project value.

The Company anticipates the release of an updated technical study in the second half of 2025.

(See news release dated March 11 & March 16, 2025)

Management

Management and Directors

Paul Harbidge, President, CEO & Director

Mr. Harbidge is a geologist with 30 years of experience in mining exploration and development with a proven track record of discovering world class gold deposits. Mr. Harbidge was most recently the President and Chief Executive Officer of GT Gold and led the company to a CA$456 million acquisition by Newmont Mining Corp. in May 2021. He was SVP Exploration at Goldcorp and General Manager Exploration at Randgold Resources. Currently he is a Director of Fireweed Metals Corp.

Graham Richardson, Chief Financial Officer

Mr. Richardson is a Canadian CPA with over 15 years of finance experience in the mining sector. He was most recently the Senior Director, Finance and Accounting of Fortuna Silver Mines Inc. and held roles with Goldcorp Inc. and Deloitte Touche Tohmatsu Limited.

Dr. Thomas Bissig, VP Exploration

Dr. Bissig is a geologist and geochemist with more than 23 years of experience in exploration and applied research on porphyry and epithermal deposit types across the Americas. He most recently worked as a consulting geoscientist. He was Director, Geochemistry at Goldcorp/Newmont.

Zach Allwright, VP Projects & Evaluations

Mr. Allwright is a skilled mining professional with over 15 years of diversified international experience, specializing in asset optimization and technical evaluations. He was most recently the Director, North America of Mining Plus Consulting. Currently he is a Director of Mayfair Gold.

Aaron Cohn, VP & Country Manager, U.S.

Mr. Cohn is a mining and business professional with over 16 years of international and domestic experience in optimizing business performance through projects, programs and initiatives focused on efficiency and effectiveness. He was most recently the Vice President, Technical Services of Ma’aden Gold & Base Metals and held roles with Newmont Mining Corporation.

Angela Johnson, VP Corporate Development & Sustainability

Ms. Johnson is a diversified mining and exploration professional with over 12 years of experience. Most recently, Ms. Johnson led the corporate development team at Silvercorp Metals in the assessment and evaluation of international precious and base metal projects for potential acquisition or strategic investment. She also held roles with SSR Mining Inc. and Calibre Mining Corp. She is currently a Director of Endeavour Silver Corp. and Gold Royalty Corp.

Stacey Pavlova, VP Investor Relations & Communications

Ms. Pavlova is a finance professional with 15 years of experience in the mining industry within the spheres of investor relations, finance, and metal sales. Most recently, Ms. Pavlova was the Vice President, Investor Relations and Corporate Communications at New Pacific Metals and held various roles with SSR Mining Inc. She is currently a Director of NiCAN Ltd.

Independent Directors

Russell Ball, Chair

Capital Markets & Financial Expertise

Prev. CEO, Calibre Mining; CFO, Goldcorp; CFO, Newmont; Currently Director of Ivanhoe Electric and Southern Silver Exploration

Alan Wilson

Exploration Expertise

Prev. International Exploration Manager, Antofagasta

Katherine Arnold

Sustainability & Permitting Expertise

Prev. Director, Environment, Hudbay; Currently Director of Arizona Metals Corp.

Audra Walsh

Technical & Operations Expertise

Prev. CEO, Minas de Aguas Tenidas (MATSA); Currently Director of IAMGOLD Corporation.

Randy Engel

Strategic Expertise

Prev. EVP, Strategic Development, Newmont

Robert Doyle

Capital Markets & Financial Expertise

Prev. CFO, Pan American Silver; Currently a Director of Orezone Gold Corporation and Lithium Argentina

Arndt Brettschneider

Technical Expertise

Currently VP Operations & Projects, NGEX Minerals

News Update

On November 13, 2025, Faraday Copper Corp. announced its financial results for the three and nine months ended September 30, 2025. Highlights Year to Date:

• Announced initiation of the largest ever drill program at the Copper Creek Project on September 18, 2025. The Phase IV drill program plans for 40,000 metres ("m") of diamond drilling focused on the American Eagle area as well as new targets, infill, geotechnical, infrastructure, and hydrological drilling.
• Closing of a financing for gross proceeds of $48,773,450 on July 29, 2025. The financing includes a brokered bought deal private placement involving the issuance of 26,139,500 common shares at a price of $1.10 per share, and a non-brokered private placement of 18,200,000 common shares at a price of $1.10 per share.
• Announced approval from the Bureau of Land Management ("BLM") for the Company's exploration plan of operations at the Copper Creek Project on July 2, 2025.
• Announced an expansion of the near-surface mineralization in the American Eagle Area and identification of exploration upside at the Sunrise Trend, on June 19, 2025.
• Reported results from the Company's annual general meeting on June 18, 2025.
• Reported near-surface supergene copper mineralization at the Globe and Copper Prince breccias, including 10.08 m at 3.62% copper and 38.90 m at 0.51% copper, on May 15, 2025.
• Announced discovery of blind Winchester Breccia and expansion of near-surface mineralization in the American Eagle Area and provided a corporate update on May 6, 2025.
• Reported 56.57 m at 0.59% copper at the Boomerang breccia and 18.49 m at 0.98% copper at the Banjo breccia on March 19, 2025.
• Reported positive metallurgical results confirming high copper recovery through coarse grind and flotation on February 20, 2025.
• Reported 47.95 m at 0.74% copper within 304.40 m at 0.35% copper in the American Eagle Area on January 30, 2025.
• Reported 40.06 m at 0.78% copper within 109.42 m at 0.41% copper at the Boomerang breccia and expanded near-surface mineralization on January 8, 2025.
• Continued baseline environmental data collection, stakeholder mapping, and generative exploration targeting at the Copper Creek Project to provide a pipeline of future targets through ongoing geological mapping and recently reprocessed and newly acquired geophysical data.

On September 18, 2025, Faraday Copper Corp. has commenced its planned 40,000-metre phase 4 drill program at the Copper Creek project, located in Arizona.

Paul Harbidge, president and chief executive officer, commented: "I am excited to announce the start of our phase 4 V drill program, the largest drill program ever planned on the project to date. From just nine pads on federal land, phase 3 drilling in the American Eagle area resulted in the discovery of multiple mineralized breccias, including the high-grade Banjo breccia. Importantly, the recent approval of our exploration plan of operations provides access to 67 drill pads on federal land, 48 of which are located in the American Eagle area. This now allows us to fully delineate multiple mineralized breccias and porphyry occurrences, as well as near-surface oxide mineralization. As a result, we have decided to focus on this exciting exploration upside to fully evaluate the American Eagle area and test other high-priority targets across the property. Growing the resource and maximizing the economic potential is our priority, and, therefore, we have deferred the updated resource and technical study until after this drill program is completed."

Phase 4 drill program overview:

• An estimated 40,000-metre diamond drill program has commenced with the goal of building on the company's previous drilling success. The program will focus on the American Eagle area, as well as new targets, infill, geotechnical, infrastructure and hydrological drilling:
• Approximately 20,000 m focused on American Eagle near-surface mineralization;
• Approximately 10,000 m targeting oxide mineralization to increase the potential of copper cathode production, which provides optionality for early cash flow and domestic copper production;
• Approximately 10,000 m for new discoveries in the Copper Creek district.

Assay results for completed drill holes will be released as they are received, analyzed and confirmed by the company.

On August 11, 2025, Faraday Copper Corp. announced its financial results for the three and six months ended June 30, 2025.

Highlights Year to Date:

• Announced closing of a financing for gross proceeds of $48,773,450 on July 29, 2025. The financing includes a brokered bought deal private placement of 26,139,500 common shares at a price of $1.10 per share, and a non-brokered private placement of 18,200,000 common shares at a price of $1.10 per share.
• Announced approval from the Bureau of Land Management for the Company's Exploration Plan of Operations for the Copper Creek Project on July 2, 2025.
• Announced an expansion of the near-surface mineralization in the American Eagle Area and identification of exploration upside at the Sunrise Trend, on June 19, 2025.
• Reported results from the Company's Annual General Meeting on June 18, 2025.
• Reported near-surface supergene copper mineralization at the Globe and Copper Prince breccias, including 10.08 metres ("m") at 3.62% copper and 38.90 m at 0.51% copper, on May 15, 2025.
• Announced discovery of blind Winchester Breccia and expansion of near-surface mineralization in the American Eagle Area and provided a corporate update on May 6, 2025.
• Reported 56.57 m at 0.59% copper at the Boomerang breccia and 18.49 m at 0.98% copper at the Banjo breccia on March 19, 2025.
• Reported positive metallurgical results confirming high copper recovery through coarse grind and flotation on February 20, 2025.
• Reported 47.95 m at 0.74% copper within 304.40 m at 0.35% copper in the American Eagle Area on January 30, 2025.
• Reported 40.06 m at 0.78% copper within 109.42 m at 0.41% copper at the Boomerang breccia and expanded near-surface mineralization on January 8, 2025.
• Continued baseline environmental data collection, stakeholder mapping, and generative exploration targeting at the Copper Creek Project to provide a pipeline of future targets through ongoing geological mapping and recently reprocessed and newly acquired geophysical data.

Upcoming Copper Creek Project Milestones:

• Updated Mineral Resource Estimate and Preliminary Economic Assessment near the end of the third quarter of 2025.
• Commencement of a 40,000+ m Phase IV drill program in September 2025.

On July 29, 2025, Faraday Copper Corp. has completed its previously announced brokered bought deal financing, including the exercise in full of the underwriters' (as defined below) overallotment option, for a total of 26,139,500 common shares sold at a price of $1.10 per common share for aggregate gross proceeds to the company of $28,753,450, concurrently with a non-brokered private placement of 18.2 million common shares sold at a price of $1.10 per common share for additional gross proceeds to the company of $20.02-million. Collectively, 44,339,500 common shares were sold at a price of $1.10 per common share for total gross process of $48,773,450.

The company intends to use the net proceeds from the offerings to finance advancement of the Copper Creek project, located in Arizona, United States, and for working capital and general corporate purposes as set out in the offering document.

On July 15, 2025, Due to strong institutional investor demand, Faraday Copper Corp. has entered into an agreement with Ventum Financial Corp. as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, to increase the company's previously announced brokered and non-brokered financing of common shares of the company from $30,000,080 to up to $45,023,000. For further details refer to the company's news release dated July 14, 2025.

On July 14, 2025, Faraday Copper Corp. has arranged brokered and non-brokered financings for up to $30,000,080 from strategic and other investors, including the Lundin family trusts (as defined below), to advance exploration and development of its Copper Creek project, located in Arizona.

The company intends to use the net proceeds from the brokered offering for exploration and development of its Copper Creek project and for general working capital purposes.

On July 02, 2025, Faraday Copper Corp. has reached an important milestone for the Copper Creek project, located in Arizona, with the approval of the exploration plan of operations (EPO) by the Bureau of Land Management (BLM). The BLM published the final environmental assessment and finding of no significant impact (FONSI), and issued a related decision record approving the EPO on June 30, 2025.

Paul Harbidge, president and chief executive officer, commented: "The EPO approval of up to 67 drill pads is a major catalyst to unlock further value and advance Copper Creek. This approval enables the drilling of numerous untested breccias within the American Eagle area, where recent drilling intersected many mineralized breccias and highlighted the potential for a large, near-surface resource to be defined. In addition, the approval enables drilling of entirely new and untested targets, as well as further infill and stepout opportunities at existing resource areas.

"I'd like to thank the BLM for their hard work in finalizing the approval and look forward to continuing to work with them in the future."

Exploration plan of operations:

• The EPO includes up to 67 drill pads located on federal land:
• Forty-eight drill pads in or near the American Eagle area and the southern portion of the Mammoth resource area;
• Ten drill pads in or near other existing resource areas at Old Reliable, Globe, Copper Prince and Copper Giant;
• Nine drill pads that enable reconnaissance drilling on previously untested targets.

On May 15, 2025, Faraday Copper Corp. announced the results of seven drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). These holes targeted near-surface supergene copper mineralization with the goal of better understanding the distribution of oxide mineralization. Five holes were drilled near the Globe breccia and two near the Copper Giant breccia. It included 10.08 Metres at 3.62% Copper and 38.90 Metres at 0.51% Copper.

Paul Harbidge, President and CEO, commented, "These results demonstrate the continuity of supergene mineralization within the first 40 metres from surface. We have confirmed the presence of an enrichment blanket with high copper grades at Globe and expanded copper oxide mineralization to the north. Historically, there has been limited drilling targeting copper oxide mineralization across the deposit, and we see the potential to significantly expand the near-surface oxide resource through additional drilling, ultimately producing copper cathode early in the project life to significantly enhance shareholder returns."

On May 12, 2025, Faraday Copper Corp. announced its financial results for the three months ended March 31, 2025.

Highlights Year to Date:

•  Announced discovery of blind Winchester Breccia and expansion of near-surface mineralization in the American Eagle Area and provided a corporate update on May 6, 2025.
•  Reported 56.57 metres ("m") at 0.59% copper at the Boomerang breccia and 18.49 m at 0.98% copper at the Banjo breccia on March 19, 2025.
•  Reported positive metallurgical results confirming high copper recovery through coarse grind and flotation on February 20, 2025.
•  Reported 47.95 m at 0.74% copper within 304.40 m at 0.35% copper in the American Eagle Area on January 30, 2025.
•  Reported 40.06 m at 0.78% copper within 109.42 m at 0.41% copper at the Boomerang breccia and expanded near-surface mineralization on January 8, 2025.
•  Continued baseline environmental data collection, stakeholder mapping, and generative exploration targeting at the Copper Creek Project to provide a pipeline of future targets through ongoing geological mapping and recently reprocessed and newly acquired geophysical data.

Upcoming Copper Creek Project Milestones:

•  Ongoing results from the Phase III drill program.
•  Updated technical report near the end of the third quarter of 2025.

On May 06, 2025, Faraday Copper Corp. announced the results of five drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). Four holes were drilled in the American Eagle area and one in the Rum area. The Company is also pleased to provide an update on project activities and next steps at Copper Creek.

Paul Harbidge, President and CEO, commented, "These drill results continue to expand the near-surface mineralization in the American Eagle area, including the discovery of the blind Winchester breccia, which does not outcrop at surface. These results, together with previous Phase III drilling, continue to fill the gap between Mammoth and the American Eagle area and demonstrate that copper mineralization occurs in broad zones outside the high-grade breccias in the American Eagle area."

"Our Phase III drill program was completed in mid-April 2025, with a few pending drill hole assays, and we expect to deliver an updated technical study and mineral resource estimate near the end of the third quarter of this year. We envision the potential for a significant step change in metal output through enhanced project scale, while maintaining low initial capital, long mine life and robust margins. We look forward to providing updates as we advance the project."

On April 30, 2025, The Globe and Mail reports in its Wednesday, April 30, edition that TD Cowen analyst Derick Ma began coverage on Faraday Copper with a "buy" recommendation. The Globe's David Leeder writes that Mr. Ma set a share target of $1.25. Analysts on average target the shares at $1.45. Mr. Ma says in a note: "Faraday benefits from having solid shareholder support (Lundin Family, among others, a strong management team, and large property with exploration potential. The potential addition of incremental open-pit material in the upcoming H2/25 PEA study [for its Copper Creek resource] could significantly improve near-term project economics. There is also exploration optionality, which could enhance the future scale and scope of the project." The Globe reported on June 18 that BMO Capital analyst Rene Cartier, calling Faraday Copper "a U.S. copper growth opportunity," started coverage on Faraday Copper with an "outperform" ranking and $1 share target. The shares could then be had for 80 cents.

March 19, 2025, Faraday Copper Intersects 56.57 Metres at 0.59% Copper at Boomerang and 18.49 m at 0.98% Copper at Banjo

Highlights

• At the Southern margin of the Banjo breccia, drill hole FCD-24-094 intersected multiple mineralized intervals, providing further confidence in the potential to define a significant open pit mineral resource in the American Eagle area. Drill results include:
• 18.49 metres (m) at 0.98% copper and 1.64 grams per tonne (g/t) silver from 198.00 m, within 80.90 m at 0.44% copper and 0.99 g/t silver from 135.61 m.
• 30.00 m at 0.25% copper and 0.93 g/t silver from 9.00 m in porphyry vein-hosted mineralization.
• 56.57 m at 0.59% copper and 1.58 g/t silver from 427.29 m within 139.49 m at 0.32% copper and 1.01 g/t silver from 365.27 m. This intercept corresponds to the Boomerang breccia and surrounding porphyry vein-hosted mineralization.
• At Rum, drill hole FCD-24-095 intersected 19.74 m at 0.83% oxide copper from surface in porphyry and breccia.

https://faradaycopper.com/news-releases/faraday-copper-intersects-56pt57-metres-at-0pt59pct-copper-at-boomerang-and-18pt49m-at-0pt98pct-copper-at-banjo/

March 11, 2025, Faraday Copper Reports 2024 Financial Results

https://faradaycopper.com/news-releases/faraday-copper-reports-2024-financial-results/

February 20, 2025, Faraday Copper Announces Positive Metallurgical Results and Confirms High Copper Recovery through Coarse Grind and Flotation

https://faradaycopper.com/news-releases/faraday-copper-announces-positive-metallurgical-results-and-confirms-high-copper-recovery-through-coarse-grind-and-flotation/

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