Faraday Copper Corp Stock Price, News & Analysis

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.

Faraday Copper Corp. announced an updated Mineral Resource Estimate (MRE) for the Copper Creek project in Arizona, reporting over 355 million tonnes of Measured and Indicated Mineral Resources. The estimate includes 65.1 million tonnes of Measured resources at a grade of 0.61% copper, and 290 million tonnes Indicated at 0.47% copper. The project aims to support U.S. domestic copper supply and decarbonization efforts. The company is preparing for a Preliminary Economic Assessment (PEA) expected in Q2 2023, based on this MRE.

Faraday Copper Corp. has appointed independent consultants for an updated Mineral Resource Estimate (MRE) and a mine-to-mill assessment for its Copper Creek project in Arizona. This follows the successful delivery of an initial geological model in May 2022, leveraging over US$80 million in historical data. The MRE, anticipated by the end of Q3 2022, will utilize extensive geochemical data from past drilling. Key consultants include SRK Consulting and Ausenco Engineering. A Preliminary Economic Assessment (PEA) is expected by the end of Q2 2023.

Faraday Copper Corp. has announced the completion of a geological model for its Copper Creek project in Arizona, which is poised to aid in an updated mineral resource estimate expected in Q3 2022. Highlights include an increase in the Phase 1 drilling program from 5,000 m to 6,000 m, and the initiation of a generative study to identify new targets for exploration. The geological model integrates substantial empirical data and field observations, laying the groundwork for a Phase 2 drill program of 10,000 m starting in Q4 2022.

Faraday Copper Corp. has successfully completed an upsized private placement raising C$20 million by issuing 25 million common shares at $0.80 each. Key investors, including the Lundin family and other insiders, now hold approximately 24% of shares. Proceeds will be used for advancing the Company’s Copper Creek and Contact Copper projects and general working capital. The private placement involved no finders' fees and shares have a hold period of four months. This financing marks a significant endorsement from strategic investors to support Faraday's growth.

CopperBank Resources Corp. announces positive results from its drill core re-sampling program at the Copper Creek Project in Arizona. Highlights include 48.47 metres of 1.69% copper from hole G4 and 33.52 metres of 1.20% copper from hole G5, confirming historic high-grade mineralization. Over 2,800 metres of the 5,000 metre drilling program has been completed, enhancing confidence in previously unsampled core. The company plans to publish a geological model and a new mineral resource estimate by Q3 2022, aiming to expand its mineralized footprint.