Faraday Copper Announces Acquisition of Mercer Ranch at Copper Creek Project in Arizona
NEWS RELEASE February 27, 2023
Faraday Copper Announces Acquisition of Mercer Ranch at
Copper Creek Project in Arizona
February 27, 2023 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)
(TSX:FDY) is pleased to announce the acquisition of a land package (the “Mercer Ranch”) for US$10 million
(the “Acquisition”), consisting of approximately 6,000 deeded acres within 32,000 acres of controlled ranch
land (Figure 1). The acquisition aligns with the Company’s strategy of land consolidation, advancing and de-
risking the Copper Creek Project.
Paul Harbidge, President and CEO, commented “The Mercer Ranch purchase is an important milestone at
this early stage of advancing the Copper Creek Project that provides numerous benefits. The Mercers are
supportive stakeholders and neighbours and will continue to operate the ranch for the foreseeable future.”
Acquisition of Mercer Ranch (Figure 1)
▪ Approximately 6,000 deeded acres (private land) within approximately 32,000 acres of surface rights
through active grazing leases
▪ Acquisition cost: US$10 million
o US$250,000 non-refundable deposit paid in 2022
o Closing subject to customary conditions and filings
▪ Strategic benefits
o Location for potential third-party solar power generation facility
o Land offsets for areas impacted by mining activities
o Additional infrastructure locations and flexibility
o Secondary mine access corridor
o Mineral and water rights
Page 2
Figure 1: Land Overview – Copper Creek and Mercer Ranch
About Faraday Copper
Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in
Arizona, U.S. The Copper Creek project is one of the largest undeveloped copper projects in North
America with open pit and bulk underground mining potential. The Co mpany 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”.
For additional information please contact:
Stacey Pavlova, CFA
Vice President, Investor Relations & Communications
Faraday Copper Corp.
E-mail: [email protected]
Website: www.faradaycopper.com
To receive news releases by e-mail, please register using the Faraday website at www.faradaycopper.com.
Cautionary Note on Forward Looking Statements
Some of the statements in this news release, other than statements of historical fact, are “forward-looking statements” and are based
on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual res ults,
Page 3
level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-
looking statements. Such forward -looking statements and forward -looking information specifically include, but are not limited to,
statements concerning the potential benefits of the Mercer Ranch acquisition and the expected use for the Mercer Ranch .
Although Faraday believes the expectations expressed in such forward -looking statements are based on reasonable assumptions,
such statements should not be in any way construed as guarantees of future performance and actual results or developments may
differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market
prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of
resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital
requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls,
regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative
nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and
equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defecti ve title to mineral claims
or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodati ng
rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining
necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with th e
Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards
associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain
insurance to cover these risks as well as “Risk Factors” included in Faraday’s disclosure documents filed on and available at
www.sedar.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person
to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances
is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada,
the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed
or in any way passed upon this press release, and any representation to the contrary is an offence.