Freeport McMoRan Inc.

Wholly owned open-pit copper and molybdenum complex in Pima County, Arizona, ~20 miles southwest of Tucson; in operation since 1959. Porphyry copper deposit with oxide, secondary sulfide and primary sulfide mineralization. Concentrator with 100,000 t/d design milling capacity producing copper and molybdenum concentrate; ROM oxide leach with cathode plated at the Twin Buttes EW facility (~50 Mlb/yr design). Molybdenum facilities include a leach circuit, two roasters and a packaging plant that also process concentrate from other FCX mines and third parties. Operation (incl. adjacent Twin Buttes site) covers ~50,500 acres. Net PP&E $1.0B.

Open-pit copper and molybdenum complex 20 miles southwest of Arequipa, Peru; in operation since the 1970s (previously operated by the Peru government; acquired by a Phelps Dodge predecessor in 1994). FCX owns 55.08%; SMM Cerro Verde Netherlands 21.0%, Buenaventura 19.58%, public 4.34%. Porphyry copper deposit with oxide, secondary and primary sulfide mineralization. Two concentrators with annual average permitted milling capacity of 409,500 t/d (up to 450,450 t/d), 100,000 t/d ROM leach and SX/EW (~200 Mlb/yr cathode). Fleet moves ~1,000,000 t/d. Power transitioning to fully renewable sources in 2026; processing water from Rio Chili reservoirs and Arequipa wastewater treatment. One of FCX's three S-K 1300 material properties (TRS Exhibit 96.2). Net PP&E $5.8B.

Wholly owned open-pit copper and molybdenum complex in Yavapai County, west-central Arizona, ~60 miles west of Prescott; in continuous operation since 1945. Porphyry copper deposit with chalcopyrite/molybdenite primary sulfides and chalcocite secondary mineralization. Concentrator with 77,100 t/d design milling capacity, SX/EW plant (~9 Mlb/yr cathode from low-grade stockpile leach) and a pressure-leach plant for molybdenum concentrate. First major U.S. mine with fully autonomous haulage (33 autonomous 235-t trucks, conversion completed 2025). Reserve life exceeds 80 years. FCX has defined an expansion to more than double concentrator capacity, adding 200-250 Mlb/yr of copper (~$3.5B incremental capital, ~$4.00/lb incentive price, 3-4 year build); studies being updated ahead of a potential 2026 investment decision. Net PP&E $1.4B.

Open-pit copper complex 47 miles north of Calama in Chile's El Loa province, Antofagasta region; in operation since 1996. FCX owns 51%; state-owned CODELCO holds 49%. Porphyry copper deposit with bornite/chalcopyrite primary sulfides and chrysocolla oxide mineralization. SX/EW facility with 500 Mlb/yr cathode capacity fed by a 115,000 t/d crushed-leach circuit and ROM leaching. FCX has identified a large sulfide reserve supporting a potential major mill project similar to Cerro Verde's concentrator that could add over 700 Mlb/yr of copper production (advanced pre-feasibility; ~$7.5B indicative capital per prior estimates; 17.5 blb of reserves copper associated with the potential mill project). Renewable power under long-term Engie contract; water from Salar de Ascotan aquifer.

Wholly owned open-pit primary molybdenum mine 13 miles northeast of Leadville, Colorado, at the top of Fremont Pass. Porphyry molybdenum deposit with molybdenite as primary sulfide. Placed on care and maintenance by its previous owner in 1995; recommenced commercial production in 2012 under FMC. 25,000 t/d mill with capacity to produce ~30 Mlb/yr molybdenum; majority of concentrate shipped to FCX's Fort Madison, Iowa processing facility. Mountainous site (~4,050 m highest bench); ~15,100 acres of fee lands. Net PP&E $1.4B. Together with Henderson holds 16% of FCX's consolidated P&P molybdenum reserves.

Wholly owned open-pit copper leach complex in Graham County, Arizona, 8 miles north of the town of Safford; in operation since 2007. Leach operation with SX/EW facility of ~320 Mlb/yr copper cathode capacity fed by a 104,300 t/d crushing facility and ROM leaching; on-site sulfur burner plant provides low-cost sulfuric acid. Property encompasses ~78,600 acres (38,000 fee, 40,600 unpatented claims). Lone Star is included in the operation.

Open-pit copper and molybdenum mining complex in Greenlee County, Arizona, ~50 miles northeast of Safford; in continuous operation since 1939 (underground mining from the 1880s; Phelps Dodge acquired by FCX in 2007). FCX holds a 72% undivided interest; Sumitomo Metal Mining Arizona (15%) and SMM Morenci (13%) take production in kind. Porphyry copper deposit with oxide, secondary sulfide (chalcocite) and primary sulfide (chalcopyrite, molybdenite) mineralization. Two concentrators (132,000 t/d design), 72,500 t/d crushed-ore leach pad, ROM leaching, four SX plants and three EW tank houses (~900 Mlb/yr cathode capacity). Mining fleet moves ~803,000 t/d. Property covers ~61,700 acres. One of FCX's three SEC S-K 1300 material properties (TRS Exhibit 96.3, Dec 31, 2025); 2025 mineral resources materially changed vs 2023 TRS. Net PP&E $2.3B.

Deep Mill Level Zone block-cave underground mine below the depleted Deep Ore Zone mine at the 2,590-meter elevation; downward continuation of the Ertsberg East Skarn system and neighboring Ertsberg porphyry. 174 open drawbells at Dec 31, 2025; hydraulic fracturing used to manage rock stresses and pre-condition the cave. ~327 pieces of mobile equipment feeding two gyratory crushers. Restarted in late October 2025 after the September 2025 district mud rush incident (DMLZ itself unaffected). Ore milled averaged 54,300 t/d in 2025, 64,900 t/d in 2024, 75,900 t/d in 2023.

Wholly owned open-pit copper complex in Grant County, New Mexico, ~15 miles east of Silver City; in operation since 1910. Porphyry copper deposit with adjacent copper skarns; leachable oxide, secondary sulfide and millable primary sulfide mineralization. Concentrator with 36,000 t/d design milling capacity and a 150 Mlb/yr SX/EW plant fed by ROM leaching. Operation encompasses ~132,700 acres. Cobre is included in the operation. Net PP&E $0.7B.

Wholly owned block-cave underground primary molybdenum complex 42 miles west of Denver, Colorado; in operation since 1976. Porphyry molybdenum deposit with molybdenite as primary sulfide. Mine and mill connected by a 10-mile conveyor tunnel under the Continental Divide plus a 5-mile surface conveyor; concentrator design capacity ~32,000 t/d; capacity to produce ~15 Mlb/yr molybdenum. Majority of concentrate shipped to Fort Madison, Iowa. Operations encompass ~17,200 acres. Net PP&E $312 million.

Underground mine adjacent to the Grasberg mill site. Tabular, near-vertical skarn ore body ~1,200 m along strike and 800 m down dip, 20-120 m thick; mined by blasthole stoping with delayed paste backfill; ore trucked to a jaw crusher. ~73 pieces of mobile equipment. Restarted in late October 2025 after the September 2025 district mud rush incident (Big Gossan itself unaffected). Ore milled averaged 6,000 t/d in 2025, 8,000 t/d in 2024, 7,900 t/d in 2023.

Wholly owned open-pit copper leach operation in Grant County, New Mexico, 10 miles south of Silver City; in operation since 1967. Porphyry copper deposit, predominantly secondary chalcocite with leachable oxide chrysocolla. SX/EW operation with maximum capacity of ~100 Mlb/yr copper cathode. Operation encompasses ~78,500 acres. Net PP&E $89 million.

Wholly owned copper operation in Gila County, Arizona, 90 miles east of Phoenix. Porphyry copper deposit with leachable oxide and secondary sulfide mineralization; ore processed since ~1915 by flotation and leaching. Miami is no longer mining ore and currently produces copper by leaching material already placed on stockpiles; SX/EW plant design capacity of 200 Mlb/yr. FCX also owns and operates the >100-year-old Miami smelter at the site (modelled as a separate processing-facility project). Operation encompasses ~20,400 acres. Net PP&E $13 million.

One of the world's largest copper and gold deposits, operated by PT Freeport Indonesia (PTFI, 48.76% FCX) in the remote Sudirman Mountain Range highlands, Central Papua; ~24,600-acre operating area accessible via Arafura Sea portsite and Timika airport; sole operator since 1967. Three commissioned large-scale underground mines (Grasberg Block Cave, DMLZ, Big Gossan) with Kucing Liar in development; at normal rates underground operations produce ~1.7 blb copper and ~1.3 Moz gold per year among the lowest-cost operations globally. September 8, 2025 mud rush incident caused seven fatalities and suspension of Grasberg Block Cave; DMLZ and Big Gossan restarted late October 2025; GBC phased restart from Q2-2026. IUPK mining rights through 2041 (extension beyond 2041 under discussion). Reserves reflect recovery through 2041. One of FCX's three S-K 1300 material properties (TRS Exhibit 96.1).

Segment rollup of FCX's two consolidated South America copper operations - Cerro Verde in Peru (55.08%-owned) and El Abra in Chile (51%-owned). Multi-jurisdictional rollup - primary jurisdiction Peru; also includes Chile. In 2025 the segment sold 75% of copper production as concentrate (a portion to Atlantic Copper) and 25% as cathode. 2025 leach operations placed 164,300 t/d (0.41% Cu) producing 263 Mlb; mills ran 415,500 t/d (0.30% Cu, 84.3% recovery) producing 801 Mlb. 2026e: copper sales ~1,080 Mlb; avg unit net cash costs ~$2.58/lb.

Segment rollup of FCX's seven U.S. copper operations - Morenci, Bagdad, Safford (incl. Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico - plus a copper smelter and rod mill in Miami, Arizona and a copper refinery and rod mill in El Paso, Texas. Certain mines also produce molybdenum concentrate, gold and silver; U.S. copper mines hold 58% of consolidated P&P molybdenum reserves. 2025 leach operations placed 609,400 t/d in stockpiles (0.21% Cu) producing 832 Mlb; mill operations ran 311,700 t/d (0.31% Cu, 83.6% recovery) producing 665 Mlb. 2026e: copper sales ~1.4 blb; avg unit net cash costs ~$2.96/lb.

Wholly owned non-operating copper property in Pima County, Arizona, carried as a mineral-resource-stage asset in FCX's SEC S-K 1300 disclosure. Total mineral resources (exclusive of reserves) of 742 Mt (FCX interest) at 0.36% Cu via milling. Development would require permitting and significant capital expenditures.

Wholly owned non-operating copper property in Arizona carried as a mineral-resource-stage asset. Total mineral resources (exclusive of reserves): milling 312 Mt at 0.64% Cu (4.4 blb) and leaching 325 Mt at 0.64% Cu (4.6 blb).

Wholly owned non-operating copper property in Gila County, Arizona, carried as a mineral-resource-stage asset. Total mineral resources (exclusive of reserves) of 346 Mt at 0.40% Cu via milling.

Wholly owned non-operating copper property at Bisbee, Cochise County, Arizona, carried as a mineral-resource-stage asset. Total mineral resources (exclusive of reserves) of 280 Mt at 0.45% Cu via leaching.

Wholly owned non-operating copper property adjacent to the Sierrita operation in Pima County, Arizona (its EW facility plates Sierrita cathode). Total mineral resources (exclusive of reserves): milling 140 Mt at 0.67% Cu (2.1 blb) and leaching 75 Mt at 0.24% Cu (0.4 blb).

FCX's wholly owned copper smelting and refining unit on port-authority land concessions in Huelva, Spain (concessions expire 2038). Smelter design capacity ~300,000 t/yr copper; refinery capacity 286,000 t/yr. In 2025 purchased 77% of concentrate from third parties, 21% from FCX South America and 2% from U.S. mines. Major maintenance turnarounds ~every eight years (17-day turnaround in 2024). Developing the CirCular e-material recycling project (smelting furnace addition to recover Cu, Au, Ag, Pd, Sn, Ni and Pt from electronic waste; ~$560M initial capital; operations expected to commence 2026).

PTFI's greenfield copper smelter and precious metals refinery (PMR) in Gresik, Eastern Java, completing FCX's Indonesia downstream integration. Smelter construction completed 2024; an October 2024 start-up fire required repairs; operations recommenced May 2025 and first copper cathode was produced in July 2025. Capacity to process ~1.7 million tonnes of copper concentrate per year. PMR commenced gold production December 2024 and operated on a limited basis in 2025, primarily processing PT Smelting anode slimes (1,900 t of anode slimes processed in 2025). Smelting suspended in Q4-2025 on limited concentrate availability after the September 2025 mud rush; concentrate shipments expected to recommence in H2-2026.

PTFI's 66%-owned (39.5% prior to June 30, 2024) copper smelter and refinery in Gresik, Indonesia, accounted for under the equity method. Capacity to process ~1.3 million tonnes of copper concentrate per year. PTFI pays PT Smelting a tolling fee and retains title to all products. Temporarily suspended in Q4-2025 on limited concentrate availability following the September 2025 mud rush; restarted late December 2025 at reduced rates pending the Q2-2026 Grasberg Block Cave restart. Major maintenance turnarounds (~30 days) every two years; 30-day turnaround completed July 2025.