Faraday Copper Corp Stock Price, News & Analysis

Faraday Copper Corp. has announced its financial results for the three and nine months ended September 30, 2022. Key highlights include the appointment of Arndt Brettschneider to the Board of Directors and graduation to the TSX. The company commenced a 10,000-meter drill program for the Copper Creek project and released an updated Mineral Resource Estimate. Financially, the company reported a net loss of $2,265,275 for Q3 2022 and $6,691,111 for the nine months. As of September 30, 2022, cash and cash equivalents totaled $13,485,341, showing a significant increase from the previous year.

Faraday Copper Corp. (OTCQX: CPPKF) has received approval for its common shares to be listed on the Toronto Stock Exchange (TSX), effective November 3, 2022. This transition from the Canadian Securities Exchange (CSE) aims to enhance liquidity and reach a broader investor base. Shareholders will not need to exchange certificates, as there will be no change in trading symbols. CEO Paul Harbidge emphasized that this listing is a significant achievement that could benefit both current and prospective investors.

Faraday Copper Corp. has launched a 10,000-metre Phase II diamond drill program at its Copper Creek project in Arizona, initiated on October 30, 2022. The drill program aims to expand the open-pit mineral resource, delineate high-grade underground zones, and collect material for metallurgical testing. Additionally, reconnaissance drilling will target new areas outside the current resource. Faraday is well-funded and focuses on advancing copper projects in the U.S., including the Contact Copper project in Nevada.

Faraday Copper Corp. (OTCQX: CPPKF) has secured conditional approval to list its common shares on the Toronto Stock Exchange (TSX). This decision requires the company to meet specific TSX documentation standards before final approval. Upon the TSX listing, Faraday's shares will be delisted from the Canadian Securities Exchange (CSE). Shareholders will not need to take action as there will be no changes to the trading symbol or share certificates. Faraday is advancing two significant copper projects in the U.S., including the Copper Creek and Contact Copper projects.

Faraday Copper Corp. announced new results from three drill holes in its Copper Creek project, totaling 2,540 metres completed as part of a nine-drill-hole program. Significant findings include 361.7 metres at 0.87% copper and 6.63 g/t silver from drill hole FCD-22-007, which is higher than the existing mineral resource estimate. Additionally, results indicate potential for resource expansion at depth and along the Keel and American Eagle zones. An updated Mineral Resource Estimate and Preliminary Economic Assessment are expected by Q2 2023.

Faraday Copper Corp. has announced the results of its Phase I diamond drill program at the Copper Creek project in Arizona, comprising 2,984 metres across five drill holes. Highlights include high-grade copper mineralization, with notable intercepts of 1.05% copper over 165.8 metres and 0.76% copper over 26.0 metres. The drill program aims to enhance data coverage in previously undrilled areas and will contribute to an updated Mineral Resource Estimate by Q2 2023. The exploration results indicate significant potential for resource expansion and further exploration opportunities.

Faraday Copper Corp. has commenced trading on the OTCQX Best Market under the symbol CPPKF, enhancing visibility and accessibility to U.S. investors. This milestone is expected to strengthen the company's shareholder base and trading liquidity as it develops its U.S.-based copper projects. Faraday is focused on two key projects in the U.S., aiming to support global electrification initiatives. The OTCQX requires companies to meet high financial standards, promoting transparency and governance.

Faraday Copper Corp. has filed a technical report titled "NI 43-101 Technical Report Mineral Resource Estimate Copper Creek Project, Arizona" following its July 6, 2022 announcement of an updated mineral resource estimate. The report supports the Copper Creek project's designation as one of the largest undeveloped copper projects in North America. It details the project's potential for open pit and bulk underground mining. The report is accessible on SEDAR and Faraday's website.

Faraday Copper Corp. reported its Q2 2022 financial results, ending June 30. The company recorded a net loss of $2.89 million, or $0.03 per share, compared to a loss of $452,998 in Q2 2021. Cash and cash equivalents rose to $16.96 million, driven by a $20 million equity financing. Upcoming milestones include the Copper Creek PEA expected in Q2 2023 and a TSX listing application in Q3 2022. Investors look forward to the ongoing Phase II drill program and the updated Mineral Resource Estimate for Contact Copper in Q3 2023.