Faraday Copper Reports Second Quarter 2025 Financial Results
NEWS RELEASE August 11, 2025
Faraday Copper Reports Second Quarter 2025 Financial Results
August 11, 2025 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)
(TSX:FDY) announces its financial results for the three and six months ended June 30, 2025.
Highlights Year to Date
▪ 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.
Upcoming Copper Creek Project Milestones
▪ Updated Mineral Resource Estimate and Preliminary Economic Assessment near the end of the third
quarter of 2025.
▪ Commencement of a 40,000+ m Phase IV drill program in September 2025.
Page 2
Copper Creek Project Update
With extensive historical exploration, over 200,000 m of drilling and modest past production, significant
exploration upside remains. There are over 320 known breccia occurrences mapped at the surface, of
which less than 15% have been drill tested and only 17 are included in the MRE.
In the Phase II drill program, assay results confirmed the potential for gold to occur in economic
concentrations in certain phases of the mineralization. Gold is not currently included in the MRE. A sampling
program to gather sufficient data coverage for potential gold inclusion in future technical studies is largely
complete. The results from the Childs Aldwinkle and Copper Prince breccias, as well as the Keel
underground zone, have been returned and released. The Company continues to evaluate other areas for
potential inclusion of gold in future mineral resource updates.
The Company has reported results from a metallurgical program focused on grind size optimization that
demonstrated the viability of coarse particle flotation, gold recoveries in concentrate and test work on near
surface oxide mineralization.
The Company is focused on exploration at the property, while continuing to advance technical studies,
environmental data gathering, and stakeholder outreach.
Phase III drilling was completed in mid -April 2025 with 79 drill holes and 30,069 m of drilling. All results
from the Phase III drilling have been released.
The program’s framework was based on historical work, knowledge from the geological and recently
updated structural model, the results from the Phase I and Phase II drill programs, geophysical and airborne
spectral data sets, and economic criteria defined in the PEA base case.
The focus of drilling was on the near-surface mineralization in the American Eagle, Area 51 and Rum areas.
The Company has awarded scopes of work to independent consultants to deliver an updated MRE and
PEA near the end of the third quarter of 2025.
▪ The updated MRE will incorporate drill results from the Phase II and Phase III drill programs,
including approximately 40,000 m of additional drilling compared to the current MRE.
On June 30, 2025, the Company received approval of its Exploration Plan of Operations (“EPO”) by the
Bureau of Land Management (“BLM”). The BLM published the final Environmental Assessment, and finding
of no significant impact (“FONSI”) and issued a relate d Decision Record approving the EPO. The EPO
includes up to 67 drill pads located on Federal land:
▪ 48 drill pads in or near the American Eagle area and the southern portion of the Mammoth
resource area;
▪ 10 drill pads in or near other existing resource areas at Old Reliable, Globe, Copper Prince and
Copper Giant; and
▪ 9 drill pads that enable reconnaissance drilling on previously untested targets
Financial Results
In Canadian dollars Three months ended Six months ended
June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024
Exploration and evaluation expenses $4,146,179 $4,332,148 $10,630,687 $8,796,358
General and administration $585,980 $569,467 $1,267,652 $1,265,009
Share-based compensation $462,678 $323,042 $846,804 $592,659
Net Loss $5,414,380 $5,426,500 $13,234,811 $10,926,335
Basic and Diluted Loss per Share $0.03 $0.03 $0.06 $0.06
Note: The financial information in this table was selected from the Company's condensed interim consolidated financial
statements for the three and six months ended June 30, 2025 (the "Financial Statements"), which are available on
SEDAR+ at www.sedarplus.ca and the Company's website www.faradaycopper.com.
Page 3
Selected Financial Information
In Canadian dollars June 30, 2025 December 31, 2024
Cash and cash equivalents $2,393,384 $17,003,895
Property and equipment $17,224,640 $18,037,072
Resource properties $4,955,328 $4,955,328
Total assets $25,034,590 $40,578,185
Note: The financial information in this table was selected from the Financial Statements, which are available on
SEDAR+ at www.sedarplus.ca and the Company's website www.faradaycopper.com.
Cash Flow, Liquidity and Capital Resources
The Company is a resource exploration-stage company and does not generate any revenue and has been
mainly relying on equity -based financing to fund its operations. As at June 30, 2025, the Company had
cash and cash equivalents of $2,393,384 (December 31, 2 024 - $17,003,895) and current assets less
current liabilities of $683,960 (December 31, 2024 - $13,129,205).
During the six months ended June 30, 2025, cash used in operating activities was $14,422,428 (2024 -
$10,752,689), cash used in investing activities was $259,507 (2024 - $529,462), and cash provided by
financing activities was $35,200 (2024 - $22,138,253). The Company continues to i ncur operating costs
primarily related to exploration and evaluation expenses and no significant investing or financing activities
occurred during the six months ended June 30, 2025.
The Company will need to raise additional funding to finance its day -to-day operations and to enable the
Company to achieve its long -term business objectives. On May 30, 2024, the Company completed an
equity-based financing for net proceeds of $22,138,253, which included share issuance costs of $861,747,
to fund its operations.
On July 29, 2025, the Company completed a private placement financing for gross proceeds of
$48,773,450. The financing includes a brokered bought deal private placement involving the issuance of
26,139,500 common shares at a price of $1.10 per share for gr oss proceeds of $28,753,450, and a non -
brokered private placement of 18,200,000 common shares at a price of $1.10 per share for gross proceeds
of $20,020,000. The Company intends to use the proceeds from the financing to advance the Copper Creek
Project and for general working capital purposes.
About Faraday Copper
Faraday Copper is an 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
significant district scale exploration potential. 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”.
For additional information please contact:
Stacey Pavlova, CFA
Vice President, Investor Relations & Communications
Faraday Copper Corp.
E-mail: [email protected]
Website: 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,
level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-
Page 4
looking statements. Such forward -looking statements and forward -looking information specifically include, but are not limited to,
statements concerning the future drilling and exploration potential of the Copper Creek property and timing of future technical reports.
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 quant ities of
resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capi tal
requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; tax ation; 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; defective title to mi neral claims
or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating
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, i ncluding those associated with the
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.sedarplus.ca.
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.