Faraday Copper Shareholders Approve Share Issuance in Connection with the Acquisition of the San Manuel Project
NEWS RELEASE August 25, 2026
Faraday Copper Shareholders Approve Share Issuance in Connection
with the Acquisition of the San Manuel Project
August 25, 2026 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)
(TSX:FDY) (OTCQX:CPPKF) is pleased to announce that at the special meeting (the “ Meeting”) of
shareholders of the Company (the “Shareholders”) held today, the Shareholders overwhelmingly voted to
approve the share issuance resolution (the “Share Issuance Resolution”) in connection with the previously
announced acquisition of the San Manuel project (the “Transaction”) from a wholly owned subsidiary of
BHP Group Limited (“BHP”).
The Share Issuance Resolution required approval by the affirmative vote of a simple majority of the votes
cast at the Meeting by disinterested Shareholders . At th e Meeting, 188,256,206 common shares were
voted, representing 64.32% of the Company’s issued and outstanding common shares (excluding common
shares beneficially owned, or over which control or direction is exercised, by BHP or its subsidiaries were
not counted in determining whether requisite shareholder approval has been obtained) . Detailed results of
the Meeting are set out below and filed on SEDAR+ at www.sedarplus.ca.
The voting results for the Share Issuance Resolution are set out below:
Votes For % Votes For Votes Against % Votes Against
Approval of Share
Issuance Resolution 188,209,061 99.97% 47,145 0.03%
The Transaction remains subject to certain customary closing conditions and is expected to close by the
end of the third quarter of 2026.
Satisfaction of Investment Canada Act Condition
Faraday is also pleased to confirm that the Investment Canada Act closing condition under the Transaction
has now been satisfied.
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. Faraday has entered into a definitive purchase and sale
agreement with a wholly owned subsidiary of BHP Group for the acquisition of BHP’s San Manuel Project,
adjacent to the Copper Creek Project. Faraday 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]
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Website: www.faradaycopper.com
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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-
looking statements. Forward‑looking statements in this news release include, without limitation, statements relating to the completion
and timing of the Transaction and the parties’ ability to satisfy the remaining conditions to the closing of the Transaction.
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 mineral
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 excha nge; 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; defective title to mi neral claims
or property or contests over claims to mineral properties; unexpected delays and costs inhe rent 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 require ments, including 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.