What Faraday Copper does

Faraday Copper Corp. is an exploration and project development company focused on copper assets in Arizona, USA. The company's flagship is the 100%-owned Copper Creek Project in Pinal County — a large "early halo" porphyry copper deposit covering approximately 73 square kilometres with over 320 breccias mapped at surface, less than 15% drill tested, and 200,000+ metres of historical drilling completed. Per the 2023 Preliminary Economic Assessment, Copper Creek hosts 4.2 billion pounds of Measured and Indicated copper resources at 0.45% Cu, supports a projected 30-year mine life, average payable production of 51,100 CuEq tonnes per year, a post-tax NPV (7%) of US$713 million, and initial capex of US$798 million with a 4-year payback. In February 2026 the company signed a letter of intent to acquire BHP's adjacent San Manuel property, which would consolidate a multi-asset copper district combining the historic San Manuel and Kalamazoo underground mines with Copper Creek.

The company is pre-revenue and funds operations entirely through equity financings, having raised C$30M in February 2023, C$48.77M in July 2025, and C$100M in March 2026 with participation from Lundin Family Trusts and BHP Group Limited. Following the March 2026 financing, BHP holds approximately 30% and Lundin-affiliated Nemesia S.à.r.l holds approximately 16.87%, leaving roughly 47% of equity concentrated in two strategic shareholders. The company is headquartered in Vancouver, British Columbia, trades on the TSX under FDY and OTCQX under CPPKF, and is building an Arizona-based operations team following the BLM Exploration Plan of Operations approval in June 2025 and the launch of the 40,000-metre Phase IV drill program in Q3 2025 — the largest drilling campaign in the project's history. Its go-to-market is investor-relations-driven (news releases, corporate filings, technical reports, AGM materials, CEO video updates) with no traditional product sales or pricing model.

Name

Faraday Copper

Legal name

Faraday Copper Corp.

Website

https://faradaycopper.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Copper Mining and Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (212290)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM), Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

Keywords

• Copper exploration
• Mineral exploration
• Porphyry copper deposits
• Copper project development
• Mineral resource estimation

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pre-Revenue Exploration Stage: Faraday Copper is a resource exploration-stage company that does not generate any revenue. The company relies entirely on equity-based financing to fund operations, exploration activities, and project development. No revenue is anticipated in the foreseeable future as the company advances its copper projects toward production.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Faraday Copper is an exploration-stage mineral development company advancing copper mineral properties in Arizona, USA. Its primary asset is the 100%-owned Copper Creek Project, a large early-halo porphyry copper deposit covering approximately 73 square kilometers in Pinal County, Arizona, hosting 4.2 billion pounds of Measured and Indicated copper resources across 320+ mapped breccias. The company is executing its Phase IV 40,000-metre diamond drill program and pursuing the acquisition of BHP's adjacent San Manuel Property to create a multi-asset copper district, with future revenue anticipated from copper cathode and concentrate production.

Product overview

Faraday Copper is a mineral exploration and project development company focused on copper assets in Arizona, USA. The company's primary product is the Copper Creek Project, a large porphyry copper deposit acquired in 2018 and 100% owned by Faraday. The company is pursuing an acquisition of BHP's San Manuel Property, which would create a combined multi-asset copper district. The portfolio also includes the Contact Copper Project. Faraday is currently executing its Phase IV drill program at Copper Creek, the largest drilling campaign in the project's history, with objectives including resource expansion, oxide mineralization targeting, and exploration upside testing.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper Creek Project The Copper Creek Project is a 100%-owned large early-halo porphyry copper deposit located in Pinal County, Arizona, approximately 80 road km northeast of Tucson. The project covers approximately 73 square kilometers of mining claims with over 320 known breccias mapped at surface and 260,000+ metres of recent and historical drilling completed. The resource area is approximately 3 km in length and is open in all directions, hosting 4.2 billion pounds of Measured and Indicated copper resources. It is positioned for the investor and eventual copper production market.
• San Manuel Property The San Manuel Property is a historic copper mine property in Arizona, adjacent to the Copper Creek Project, encompassing the legacy San Manuel Copper Mine (San Manuel and Kalamazoo deposits), Black Hills Quarry, Camp Grant Quarry, and related infrastructure. The property operated from 1955 to 1999 and was one of the largest underground copper mines in the USA. It is offered as a copper mineral property intended to create a combined multi-asset copper district when integrated with Copper Creek.
• Contact Copper Project The Contact Copper Project is a secondary copper exploration project listed in Faraday Copper's project portfolio. It represents an additional copper exploration asset held by the company, though limited public details are provided.

Quantifiable outcome

• 4.2 billion pounds of Measured and Indicated copper resources
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Capstone Copper: Copper-focused miner with producing assets in the Americas (Pinto Valley in Arizona among them). Comparable to Faraday as a copper pure-play, though Capstone is already in production and at materially larger scale.
• Copper Mountain Mining: Mid-tier copper producer with the Copper Mountain mine in British Columbia and the Eva Copper project in Australia. Similar in scale and copper-focused mandate, though Copper Mountain is already producing.
• Taseko Mines: Copper-focused mining company with the Florence Copper in-situ copper project in Arizona. Similar stage of development to Faraday, same jurisdiction, and same focus on US domestic copper supply.
• Arizona Sonoran Copper: Exploration/development-stage copper company advancing the Cactus Project in Arizona — same state, similar porphyry copper deposit style, and same pre-construction stage. Closest direct peer to Faraday Copper.

Broad incumbents

• Freeport-McMoRan: Largest US copper producer with multiple large-scale Arizona operations including Morenci, Sierrita, and Miami. Directly relevant as both a peer benchmark and a potential future acquirer, with Cynthia Salas bringing direct Freeport experience to Faraday's team.
• Hudbay Minerals: Mid-tier diversified copper producer with operating US assets and a long-standing track record in Arizona and the Americas. Comparable to Faraday as a copper-focused miner with strong North American footprint, though at a far more advanced production stage.
• Lundin Mining: Diversified base-metals producer with major copper operations globally. Connected to Faraday through the Lundin Family Trusts' substantial ownership stake, and a useful benchmark for capital structure and project economics.
• First Quantum Minerals: Global copper-focused miner with producing operations and a development pipeline. Relevant comparator for project economics, capex profiles, and copper price exposure.

Emerging players

• NGEx Minerals: Exploration/development-stage copper-gold company in the Lundin Group ecosystem. Useful comparison as a junior copper developer with similar investor base dynamics, though focused on South America rather than the US.
• Ivanhoe Electric: US-focused mineral exploration and development company with copper-gold projects in the Americas. Comparable to Faraday as a North American-focused exploration-stage company leveraging electrification-driven copper demand, though Ivanhoe also has proprietary exploration technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FaradayCopper

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds11 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Faraday Copper