The Globe and Mail reports in its Friday, Oct. 23, edition that Raymond James analyst Daniel Magder has reaffirmed his "outperform" recommendation for Faraday Copper. The Globe's David Leeder writes in the Eye On Equities column that Mr. Magder boosted his share target to $9.25 from $8.50. Analysts on average target the shares at $7.31. Mr. Magder says in a note: "In our view, a revised phased approach could provide greater flexibility in mine sequencing, accelerate initial cash flow generation, and improve Faraday s ability to finance subsequent expansion phases. Post the San Manuel transaction, we believe the combination of both Copper Creek and San Manuel represents a compelling district-scale copper development opportunity in one of North America's premier mining jurisdictions. Supported by additional historical resource information disclosed in the 2026 San Manuel technical report and continued exploration success at Copper Creek, we have revised our development assumptions to prioritize near-surface mineralization, extend the period of surface mining and defer capital-intensive underground development. ... We believe Faraday remains well positioned to benefit from growing demand for secure U.S. copper supply."