21:57:51 EDT Sun 06 Jul 2025
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Faraday Copper Corp
Symbol FDY
Shares Issued 205,515,575
Close 2025-06-30 C$ 0.91
Market Cap C$ 187,019,173
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Faraday receives BLM okay for Copper Creek exploration

2025-07-02 10:36 ET - News Release

Mr. Paul Harbidge reports

FARADAY COPPER RECEIVES BUREAU OF LAND MANAGEMENT APPROVAL FOR EXPLORATION PLAN OF OPERATIONS AT ITS COPPER CREEK PROJECT

Faraday Copper Corp. has reached an important milestone for the Copper Creek project, located in Arizona, with the approval of the exploration plan of operations (EPO) by the Bureau of Land Management (BLM). The BLM published the final environmental assessment and finding of no significant impact (FONSI), and issued a related decision record approving the EPO on June 30, 2025.

Paul Harbidge, president and chief executive officer, commented: "The EPO approval of up to 67 drill pads is a major catalyst to unlock further value and advance Copper Creek. This approval enables the drilling of numerous untested breccias within the American Eagle area, where recent drilling intersected many mineralized breccias and highlighted the potential for a large, near-surface resource to be defined. In addition, the approval enables drilling of entirely new and untested targets, as well as further infill and stepout opportunities at existing resource areas.

"I'd like to thank the BLM for their hard work in finalizing the approval and look forward to continuing to work with them in the future."

Exploration plan of operations:

  • The EPO includes up to 67 drill pads located on federal land:
    • Forty-eight drill pads in or near the American Eagle area and the southern portion of the Mammoth resource area;
    • Ten drill pads in or near other existing resource areas at Old Reliable, Globe, Copper Prince and Copper Giant;
    • Nine drill pads that enable reconnaissance drilling on previously untested targets.

Next steps

With the approved EPO, the phase 4 drill program is expected to commence in the third quarter of this year.

Further, the company remains on track to deliver an updated mineral resource estimate (MRE) and preliminary economic assessment (PEA) during the third quarter of 2025. The updated MRE will incorporate approximately 40,000 metres of incremental drilling completed during the phase 2 and phase 3 programs.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Faraday's vice-president of exploration, Dr. Thomas Bissig, PGeo, and its vice-president of projects and evaluations, Zach Allwright, PEng, who are considered a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Faraday Copper Corp.

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, United States. The Copper Creek project is one of the largest undeveloped copper projects in North America with significant district-scale exploration potential. The company is well financed to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise.

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