Faraday Copper
Financials:
Primary ticker: TSX:FDY, OTCQX:CPPKF
Stage of development: Exploration
Primary minerals: Copper
Project to promote: Copper Creek Project
Project location: Arizona, United States
Website: faradaycopper.com
Corporate presentation: Click here
Corporate video: Click here
Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in The United States of America. The Copper Creek Project, located in Arizona, is one of the largest undeveloped copper projects in North America with open pit and bulk underground mining potential. A PEA on the Copper Creek Project, released in May 2023, outlines robust project economics, low initial capital investment and over 3 billion pounds of copper production during a 32-year mine life. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.
Cash: CAD$27.8 M
Debt: NIL
Major shareholders:
Lundin Family, Murray Edwards, Pierre Lassonde – combined +30%
Fidelity Management & Research Company LLC
Franklin Advisers, Inc.
Wellington Management Company, LLP
K2 Principal Fund L.P.
Management Ownership – 2.8%
Management Profile
Graham Richardson, CFO
Graham Richardson is a Canadian CPA with over 15 years of finance experience in the mining sector and a proven track record of adapting and partnering with various levels of organizations to achieve desired outcomes. Prior to his role with Faraday Copper, he was the Director, Finance Performance Management at Goldcorp after joining in 2016 and holding progressively senior finance roles within the organization. After Goldcorp’s acquisition by Newmont, Mr. Richardson assumed the role of Assistant Controller, North America at Newmont, followed by the role of Director, Finance and Accounting at Fortuna Silver Mines. Mr. Richardson started his career with Deloitte Touche Tohmatsu Limited and has a Bachelor of Commerce in Accounting from the University of British Columbia, Sauder School of Business.
Stacey Pavlova, VP Investor Relations and Communications
Stacey Pavlova is a finance professional with over ten years of experience in the mining industry within the areas of investor relations, finance, and metal sales. Prior to her role at Faraday Copper, Ms. Pavlova was the Vice President, Investor Relations and Corporate Communications at New Pacific Metals and held various positions in investor relations, treasury, and metal sales with SSR Mining, an intermediate precious metals producer with operations in the U.S., Canada, Turkey, and Argentina. Stacey serves as a Board member of NiCAN Ltd. and the Canadian Investor Relations Institute. She holds the designation of Chartered Financial Analyst and is a graduate of the University of Denver, where she completed a Master’s in Finance degree.
What is your rationale for taking part in 121 Mining Investment?
Faraday Copper is advancing one of the largest undeveloped copper assets in North America with significant exploration upside. We trade at a significant discount to our peers when considered relative to the mineral endowment. The Copper Creek project is located in a tier-one mining jurisdiction. We have a clear strategy to advance and de-risk the project and have an experienced team and board to execute on this strategy.
Additionally, copper is forecasted to be in a supply deficit due to limited new projects coming into production and the expected role copper plays in the clean energy transition. We see the U.S. and other western countries now acknowledging the strategic need to support the development of these metals domestically. This positions the Copper Creek project well to be a future U.S. domestic supplier of copper.
What recent news would you like to highlight to investors attending?
May 3, 2023 – Faraday Copper Announces PEA for Copper Creek with NPV US$713M and 4.2 Billion Pounds of Measured and Indicated Copper Mineral Resources
May 16, 2023 – Faraday Copper Intersects 45.89 Metres at 1.68% Copper, 0.33 g/t Gold and 5.55 g/t Silver Near Surface
March 14, 2023 – Faraday Copper Reports 100.12 Metres at 0.69% Copper at Copper Creek in Arizona
What are your key goals in 3 months, 6 months, 12 months?
12 Months:
Our strategy is to de-risk, grow, and technically advance the Copper Creek project up the value curve, positioning it to be a U.S. domestic supplier of copper.
What do you think makes your company such a compelling investment?
Relative to other projects in North and South America, Copper Creek presents a compelling project based on its size, mine life and capital intensity. The project provides a low-risk capital scenario with significant optionality and a long mine life to support the clean energy transition.
What are the top 3 key investor takeaways?
With the current scarcity of development-ready copper projects, the Copper Creek project provides a large undeveloped Mineral Resource with significant exploration upside, supported by a team well-equipped to unlock its value.