Faraday Copper (FDY-T) Aug 11, '25 Q2 Financial Results money.tmx.com
- Announced closing of a financing for gross proceeds of $48,773,450 on July 29, 2025. The financing includes a brokered bought deal private placement of 26,139,500 common shares at a price of $1.10 per share, and a non-brokered private placement of 18,200,000 common shares at a price of $1.10 per share.
- Announced approval from the Bureau of Land Management for the Company's Exploration Plan of Operations for the Copper Creek Project on July 2, 2025.
- Announced an expansion of the near-surface mineralization in the American Eagle Area and identification of exploration upside at the Sunrise Trend, on June 19, 2025.
- Reported results from the Company's Annual General Meeting on June 18, 2025.
- Reported near-surface supergene copper mineralization at the Globe and Copper Prince breccias, including 10.08 metres ("m") at 3.62% copper and 38.90 m at 0.51% copper, on May 15, 2025.
- Announced discovery of blind Winchester Breccia and expansion of near-surface mineralization in the American Eagle Area and provided a corporate update on May 6, 2025.
- Reported 56.57 m at 0.59% copper at the Boomerang breccia and 18.49 m at 0.98% copper at the Banjo breccia on March 19, 2025.
- Reported positive metallurgical results confirming high copper recovery through coarse grind and flotation on February 20, 2025.
- Reported 47.95 m at 0.74% copper within 304.40 m at 0.35% copper in the American Eagle Area on January 30, 2025.
- Reported 40.06 m at 0.78% copper within 109.42 m at 0.41% copper at the Boomerang breccia and expanded near-surface mineralization on January 8, 2025.
- Continued baseline environmental data collection, stakeholder mapping, and generative exploration targeting at the Copper Creek Project to provide a pipeline of future targets through ongoing geological mapping and recently reprocessed and newly acquired geophysical data.
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