Welcome to our dedicated page for Faraday Copper news (Ticker: CPPKF), a resource for investors and traders seeking the latest updates and insights on Faraday Copper stock.
Faraday Copper Corp (OTCQX: CPPKF) is a mineral exploration company advancing North America's premier undeveloped copper resource - the Copper Creek Project in Arizona. This page serves as the definitive source for official company announcements, technical updates, and operational milestones.
Investors and industry observers will find curated access to critical developments including resource expansion drilling results, metallurgical innovations like coarse particle flotation advancements, and strategic partnership announcements. Our news collection supports informed analysis of Faraday Copper's progress in developing this district-scale asset.
Content spans permit approvals, exploration target updates, leadership changes, and financial reporting. All materials adhere to NI 43-101 standards, ensuring technical reliability. The company's focus on sustainable development practices and operational efficiency is reflected throughout updates.
Bookmark this page for streamlined tracking of Faraday Copper's journey from advanced exploration to potential production. Regular updates provide essential insights into one of North America's most significant copper development projects.
Faraday Copper (OTCQX:CPPKF) has launched its largest-ever drill program at the Copper Creek Project in Arizona. The ambitious Phase IV program encompasses 40,000 meters of diamond drilling, with resources allocated across three main objectives:
The program includes 20,000 meters focused on American Eagle near-surface mineralization, 10,000 meters targeting oxide mineralization for potential copper cathode production, and 10,000 meters dedicated to new discoveries in the Copper Creek district. The company has secured approval for 67 drill pads on federal land, with 48 located in the American Eagle area, significantly expanding their exploration capabilities.
Due to this extensive exploration program, Faraday has deferred its updated resource and technical study until after completion. The company aims to maximize economic potential through resource growth and exploration of high-priority targets across the property.
Faraday Copper (TSX:FDY) has reported its Q2 2025 financial results and provided updates on its Copper Creek Project. The company secured significant financing of $48.77 million through private placements at $1.10 per share. Key operational highlights include BLM approval for the Exploration Plan of Operations and completion of Phase III drilling with 79 drill holes and 30,069 meters.
Financial results show a net loss of $13.23 million for H1 2025, with cash position at $2.39 million as of June 30, 2025. The company plans to release an updated Mineral Resource Estimate and Preliminary Economic Assessment by Q3 2025, followed by a 40,000+ meter Phase IV drill program in September 2025.
Faraday Copper (OTCQX:CPPKF) has successfully completed a combined C$48.77 million financing through two offerings. The company raised C$28.75 million through a brokered bought deal financing at C$1.10 per share, and an additional C$20.02 million through a non-brokered private placement at the same price.
The Lundin Family Trusts participated significantly in the offering, acquiring 9,450,000 common shares. The net proceeds will be used to advance the Copper Creek Project in Arizona, one of North America's largest undeveloped copper projects, along with working capital and general corporate purposes.
Faraday Copper (OTCQX:CPPKF) has announced an increase in its previously announced financing from C$30 million to C$45 million due to strong institutional investor demand. The financing consists of two components:
The brokered private placement, led by Ventum Financial Corp., will now comprise 22.73 million common shares at C$1.10 per share, raising C$25 million. Additionally, the non-brokered private placement has been increased to include up to 18.2 million common shares at the same price, aiming to raise up to C$20 million.
Faraday Copper (OTCQX:CPPKF) has announced a C$30 million financing initiative through both brokered and non-brokered private placements. The financing consists of two equal parts: a C$15 million brokered offering led by Ventum Financial Corp. and a C$15 million non-brokered offering with participation from the Lundin Family Trusts.
The company will issue 13,636,400 common shares in each offering at C$1.10 per share. The brokered offering includes a 15% over-allotment option for underwriters. The proceeds will be used to advance exploration and development of the company's Copper Creek Project in Arizona. Both offerings are expected to close around July 29, 2025.
Faraday Copper (OTCQX:CPPKF) has achieved a significant milestone with the Bureau of Land Management's approval of the Exploration Plan of Operations (EPO) for its Copper Creek Project in Arizona. The EPO approval includes up to 67 drill pads on Federal land, with 48 pads near the American Eagle area, 10 pads near existing resource areas, and 9 pads for reconnaissance drilling on untested targets.
The company plans to commence its Phase IV drill program in Q3 2025 and remains on schedule to deliver an updated Mineral Resource Estimate and Preliminary Economic Assessment during the same quarter. The upcoming resource estimate will incorporate approximately 40,000 metres of additional drilling data from Phase II and III programs.
Faraday Copper Corp. (TSX:FDY) released its Q1 2025 financial results, reporting a net loss of $7.82 million ($0.04 per share), compared to $5.50 million ($0.03 per share) in Q1 2024. The company's cash position decreased to $7.55 million as of March 31, 2025, down from $17.00 million at the end of 2024.
Key operational highlights include completing Phase III drilling with 79 drill holes and 30,069 meters at the Copper Creek Project. Notable drilling results showed 56.57 meters at 0.59% copper at Boomerang breccia and 47.95 meters at 0.74% copper within 304.40 meters at 0.35% copper in the American Eagle Area. The company plans to release an updated technical report by Q3 2025, incorporating approximately 40,000 meters of additional drilling data from Phase II and III programs.
Metallurgical testing confirmed high copper recovery through coarse grind and flotation, and the company continues environmental data collection and stakeholder mapping at Copper Creek.