Faraday Copper Corp.

Faraday Copper Corp. is a junior copper exploration company headquartered in Vancouver, Canada, operating primarily in USA. The company's portfolio consists of 2 projects, comprising 1 development and 1 advanced exploration project. Key assets include Copper Creek. The business model centers on the acquisition, exploration, and development of mineral properties, with a current focus on advancing exploration-stage assets toward production. The operational plan incorporates a phased approach, commencing with conventional open pit truck-and-shovel mining executed by contractors, which transitions to an owner-operated underground block caving method for long-term extraction. This strategy is designed to sequence development and leverage early-stage operations to support large-scale, long-life underground mining. Processing capabilities are comprehensive, featuring a multi-stream flowsheet designed to handle distinct material types. The infrastructure includes a concentrator for sulphide and transitional materials, a separate circuit for a secondary metal, and a heap leaching facility with a solvent extraction and electrowinning plant for oxide materials. The site layout is strategically configured to optimize materials handling synergies between surface and underground operations, utilizing shared infrastructure to enhance efficiency. The enterprise requires specialized knowledge across geology, engineering, metallurgy, and project management to execute its complex development plans.

Strategic priorities are centered on advancing exploration assets through systematic, multi-phase drilling programs and technical de-risking. A key element of the financial strategy involves utilizing projected cash flow from initial open pit operations to fully fund the development of a large-scale bulk underground mine, minimizing reliance on external capital for the second phase of expansion. The organization actively pursues acquisitions of adjacent land packages to consolidate its position and provide operational flexibility. Resource expansion is a primary objective, driven by exploration focused on testing new discovery targets, defining high-grade zones within known mineralized systems, and expanding the geological model. Capital allocation is directed toward key milestones, including significant exploration campaigns and land acquisitions, supported by periodic equity financings and a base shelf prospectus to maintain financial readiness. Ongoing metallurgical test work programs are integral to the strategy, aiming to continuously refine processing assumptions, improve recovery forecasts, and optimize the engineering design for future development studies.

Executive leadership and the board of directors possess extensive experience from senior roles at major international mining corporations, including Newmont, Goldcorp, and Pan American Silver. The board is composed of 8 directors, with governance structured through specialized committees, including an Audit Committee and a Corporate Governance and Compensation Committee. The Audit Committee, comprising 3 independent and financially literate members, operates under a detailed charter that mandates quarterly meetings, direct oversight of the external auditor, and review of all financial disclosures. This framework ensures rigorous financial reporting and internal controls. A significant leadership transition in 2021 marked the commencement of renewed technical work and a focused advancement of the company's assets. The management approach is characterized by a technically driven, systematic methodology, as evidenced by the execution of phased exploration programs and the completion of detailed economic and technical assessments to guide project development.

The organization's approach to sustainability is codified in a Health, Safety, Environmental and Community (HSEC) Policy, which is subject to annual board review. Key environmental commitments include utilizing industry best practices for air and water quality standards, waste management, and reclamation, supported by leading environmental baseline and monitoring programs. The engineering design incorporates a dry stack tailings facility to minimize land disturbance and reduce operational water consumption, alongside consideration of renewable energy sources. Social responsibility initiatives feature proactive engagement with local tribal communities, a commitment to sourcing local employment and procurement opportunities to provide direct economic benefits, and maintaining open dialogue with all stakeholders. Workplace safety is a core principle, with a stated goal of achieving zero harm through comprehensive training and robust safety protocols. Governance practices include a whistleblower policy for the confidential submission of concerns and strict review of related-party transactions.

The current corporate structure was significantly shaped by the 2018 acquisition of Redhawk Resources, Inc. through a plan of arrangement, which brought key assets under the company's control. In 2023, a wholly-owned subsidiary expanded the entity's land position through the acquisition of a 32,000-acre ranch package from arm's length vendors. Operations are conducted through several wholly-owned subsidiaries, including Redhawk Copper Inc. and Redhawk Resources, Inc., which hold the primary mineral properties. A significant shareholder, Nemesia S.a.r.l., holds over 10% of the issued and outstanding shares, as evidenced by its participation in a 2024 financing. The asset base is subject to pre-existing agreements, including a sliding scale net returns royalty payable to South32 Ltd. and a net smelter return royalty payable to Franco-Nevada Corporation on a portion of the mineral resource area, which also includes a future payment obligation upon reaching commercial production.