The Globe and Mail reports in its Tuesday, March 24, edition that National Bank Financial analyst Andrew Dusome rates Faraday Copper "outperform" in new coverage. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Dusome set a share target of $5.50. On Feb. 20, 2026, Faraday announced it has entered a non-binding letter of intent to acquire 100 per cent of the San Manuel property, adjacent to Copper Creek, from BHP in exchange for issuing shares to BHP equal to a 30-per-cent interest in Faraday on a fully diluted basis at closing. Mr. Dusome says in a note: "Our 'outperform' rating is driven by the strong exploration upside we see at Copper Creek. ... With the proposed San Manuel transaction, we see the potential to create a district-scale copper producer with accelerated timelines to first production and flexible production sequencing to prioritize fully domestic copper cathode production. Our target price is based on a 1.0x multiple to our fully financed Net Asset Value Per Share (NAVPS) plus corporate adjustments. Our premium multiple is further supported by the strength in FDY's shareholder base, which will be anchored by the Lundin Family Trust and BHP upon closing of the letter of intent."