FARADAY COPPER RECEIVES BUREAU OF LAND MANAGEMENT APPROVAL FOR EXPLORATION PLAN OF OPERATIONS AT ITS COPPER CREEK PROJECT

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Overig advies 03/07/2025 16:02
July 2, 2025–Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”) (TSX:FDY) (OTCQX:CPPKF) is pleased to announce an important milestone for the Copper Creek Project, located in Arizona (“Copper Creek”), with the approval of the 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 related Decision Record approving the EPO on June 30, 2025.

Paul Harbidge, President and CEO, commented, “The EPO approval of up to 67 drill pads is a major catalyst to unlock further value and advance Copper Creek. This approval enables the drilling of numerous untested breccias within the American Eagle area, where recent drilling intersected many mineralized breccias and highlighted the potential for a large, near-surface resource to be defined. In addition, the approval enables drilling of entirely new and untested targets, as well as further infill and step-out opportunities at existing resource areas.”

“I’d like to thank the BLM for their hard work in finalizing the approval and look forward to continuing to work with them in the future.”

Exploration Plan of Operations

The EPO includes up to 67 drill pads located on Federal land (Figure 1):
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.
Next Steps

With the approved EPO, the Phase IV drill program is expected to commence in the third quarter of this year.

Further, the Company remains on track to deliver an updated Mineral Resource Estimate (“MRE”) and Preliminary Economic Assessment (“PEA”) during the third quarter of 2025. The updated MRE will incorporate approximately 40,000 metres of incremental drilling completed during the Phase II and Phase III programs.

Figure 1: Plan View Showing Drill Pads and Selected Surface Geology

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