Faraday Copper Corp Stock Price, News & Analysis

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.

CopperBank Resources Corp. announced the mailing of materials for its Annual and Special General Meeting on April 19, 2022. Shareholders will vote on electing directors and a proposed name change to Faraday Copper Ltd.. Shareholders eligible to vote must have been registered by March 11, 2022. Three directors are not standing for re-election, including Gianni Kovacevic and Giulio Bonifacio. The name change aims to reflect the company's focus on copper projects aligned with electrification trends in the industry.

CopperBank Resources Corp. has commenced drilling at its wholly owned Copper Creek project in Arizona as of February 8, 2022. The initial program includes 5,000 meters across eight holes to assess high-grade mineralization and underground mining potential. The geological model development is in progress, targeting a new Mineral Resource Estimate by Q3 2022. Key activities involve geological assessments, metallurgical data review, and geotechnical studies to support mine planning. The exploration aims to validate historic drill results while confirming the area's resource potential.

CopperBank Resources Corp. (CSE:CBK) provided a corporate update highlighting strategic goals for 2022. CEO Paul Harbidge emphasized the transition of CopperBank from a copper project accummulator to advancing its Copper Creek and Contact Copper projects through exploration and technical work. Key updates include a $5 million equity financing completed in September 2021, mobilization of a diamond drill rig for a 5,000m program in February 2022, and plans for rebranding to Faraday Copper Corp.. Both projects are situated in Arizona and Nevada, offering significant exploration upside.

CopperBank Resources Corp. announced that shareholders overwhelmingly supported the long-term incentive plan (LTIP) with 98% approval. This plan includes the issuance of 9,650,000 stock options at $0.40 per share for three years. Additionally, the company welcomed new senior leadership: Graham Richardson as Chief Financial Officer, Thomas Bissig as Vice President of Exploration, and Zach Allwright as Vice President of Projects and Evaluations. These appointments come as the company focuses on advancing its copper projects in Arizona and Nevada.

CopperBank Resources Corp. has successfully completed a non-brokered private placement offering, raising $5 million through the sale of units at $0.40 each. The proceeds aim to enhance the balance sheet and advance projects in Arizona and Nevada. Each unit consists of a common share and a warrant, allowing the purchase of additional shares at $0.60 within five years. Notably, insiders subscribed for a total of 3 million units. The financing will also support working capital needs.