Latest news with #Faraday
Yahoo
10 hours ago
- Business
- Yahoo
Faraday Copper Announces Closing of C$49 Million Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / / July 29, 2025 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce that it has completed its previously announced brokered bought deal financing, including the exercise in full of the Underwriters' (as defined below) over-allotment option, for a total of 26,139,500 common shares ("Common Shares") sold at a price of C$1.10 per Common Share for aggregate gross proceeds to the Company of C$28,753,450 (the "Brokered Offering"), concurrently with a non-brokered private placement of 18,200,000 Common Shares sold at a price of C$1.10 per Common Share for additional gross proceeds to the Company of C$20,020,000 (the "Non-Brokered Offering"). Collectively, 44,339,500 Common Shares were sold at a price of C$1.10 per Common Share for total gross process of $48,773,450 (collectively, the "Offerings"). The Brokered Offering was underwritten by lead underwriter and sole bookrunner Ventum Financial Corp., on its own behalf and on behalf of BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Haywood Securities Inc. and TD Securities Inc. (collectively, the "Underwriters"). The Brokered Offering was made in accordance with the 'listed issuer financing exemption' in Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (together, the "Listed Issuer Financing Exemption"), to purchasers in any province or territory of Canada, except Québec. Additionally, certain Common Shares were sold to Qualified Institutional Buyers in the United States in accordance with Rule 144A under the United States Securities Act of 1933, as amended, and purchasers in other qualifying jurisdictions outside of Canada as mutually agreed to by the Company and the Underwriters pursuant to the relevant prospectus or registration exemptions in accordance with applicable laws. The Common Shares issued and sold pursuant to the Listed Issuer Financing Exemption will not be subject to a 'hold period' pursuant to applicable Canadian securities laws. There is an offering document related to the Brokered Offering that can be accessed under the Company's issuer profile at and on the Company's website at (the "Offering Document"). The Offerings remain subject to final approval of the Toronto Stock Exchange. The Company intends to use the net proceeds from the Offerings to fund advancement of the Copper Creek Project, located in Arizona, U.S., and for working capital and general corporate purposes as set out in the Offering Document. The Common Shares offered in the Offerings have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Related Party Disclosure Trusts settled by the late Adolf H. Lundin (the "Lundin Family Trusts") acquired an aggregate of 9,450,000 Common Shares pursuant to the Offering, which constitutes a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101") as a private entity controlled by the Lundin Family Trusts is currently the Company's largest shareholder. Lundin Family Trusts' participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance upon the exemptions contained in Section 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. A material change report was not filed more than 21 days in advance of the closing as the launch of the Offering only occurred within a short period of time prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons. Further information regarding the Offerings will be provided in a material change report to be filed by the Company. 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 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, CFAVice President, Investor Relations & CommunicationsFaraday Copper Corp.E-mail: info@ To receive news releases by e-mail, please register using the Faraday website at 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 results, 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 final approvals relating to the Offerings and the intended use of proceeds of the Offerings. 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; defective title to mineral 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, 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 the Prospectus Supplement and the documents incorporated by reference therein and Faraday's disclosure documents filed on and available at This news 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 news 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 news release, and any representation to the contrary is an offence. SOURCE: Faraday Copper Corp. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-07-2025
- Business
- Business Wire
Faraday Delivers DDR/LPDDR Combo PHY IP Solutions on UMC's 22ULP and 14FFC
HSINCHU, Taiwan--(BUSINESS WIRE)--Faraday Technology Corporation (TWSE: 3035), a leading ASIC design and IP provider, today announced the availability of its DDR/LPDDR combo PHY, supporting from 3 rd to 5 th -generation on UMC's 22ULP and 14FFC platforms, which are UMC's planar and FinFET process technologies. Faraday continues its long-standing commitment to delivering in-house IP solutions optimized to better serve the ASIC market. Faraday's DDR/LPDDR combo IP solution helps accelerate design cycles, reduce development risks, and deliver high-quality, reliable memory subsystems. Share Faraday's DDR/LPDDR IP solutions feature robust, silicon-proven designs widely adopted in ASIC projects across diverse SoC applications. Full compliance with JEDEC specifications ensures seamless compatibility and allows for flexible performance and power optimization. The 22ULP PHY supports low operating voltage at 0.8V, making it ideal for power-sensitive applications such as mobile, 5G, and IoT devices. The 14nm PHY supports transmission rate up to 6400Mbps for DDR5/LPDDR5 and includes advanced features such as self-training mechanisms, impedance calibration, and DFE. 'Our customers demand high performance and low power in increasingly complex SoCs,' said Flash Lin, COO of Faraday. 'With the complete DDR/LPDDR IP solution spanning controller, PHY, and subsystem integration, we're helping customers accelerate design cycles, reduce development risks, and deliver high-quality, reliable memory subsystems.' About Faraday Technology Corporation Faraday Technology Corporation (TWSE: 3035) is dedicated to the mission of benefiting humanity and upholding sustainable values in every IC it handles. The company offers a comprehensive range of ASIC solutions, including 2.5D/3D Advanced packaging, Arm Cortex-A, R, M, A720AE, Neoverse CSS integration and hardening, FPGA-Go-ASIC, and design implementation services. Furthermore, its extensive silicon IP portfolio encompasses a wide array of offerings, such as I/O, Cell Library, Memory Compiler, DDR/LPDDR, MIPI D-PHY, V-by-One, USB, Giga Ethernet, SATA, PCIe, and SerDes. For further information, visit or follow Faraday on LinkedIn.
Digital Trends
21-07-2025
- Automotive
- Digital Trends
Faraday's latest EV has a massive screen instead of a grille, with its own AI avatar
What is it? The Faraday FX Super One is an upcoming, fully-electric MPV from auto maker Faraday Future, aimed at giving you a luxury car without a huge price tag. It's set to be a direct rival to the Cadillac Escalade, and come packed with AI features – including a huge exterior digital screen which replaces the traditional grille and displays your own AI agent. I'm sorry, what? According to Faraday, the Super One will redefine our experience with automobiles, with AI deeply integrated throughout the vehicle. The 'Super EAI F.A.C.E. (Front AI Communication Ecosystem) System', the clunky moniker for the display slapped on the front of the Super One, will give your vehicle a unique 'face', with the ability to express emotion. Recommended Videos This face will apparently be able to 'communicate' with the world around it and represent you. What that means in practice remains to be seen, but it's certainly an interesting feature – if not rather odd. Why should I care? There's seemingly no escaping the onslaught of AI in our lives, and manufacturers the world over are looking for new and innovative ways to integrate artificial intelligence into products. Faraday's AI offering in the FX Super One does appear to be particularly left field currently, but this might be a glimpse of what's to come more widely in the future. There's the choice of four, six and seven seat configurations, plus an AI-optimized hybrid extended range option will be available at a later date if the fully-electric model isn't for you. The four seater 'GOAT Edition' configuration is aimed at the rich and famous, with suspended zero-gravity seats feature ventilation, heating and 10-point massage. The 6 and 7-seater editions are more traditionally styled for business and family life. So what's next? Well, if the FX Super One has peaked your interest to can head over to the Faraday site and place a $100 (fully refundable) deposit to book your place in line. We don't know how much it will cost or when it'll be available, nor do we have any meaningful specs yet, all we know is the firm has said it'll offer 'tech luxury without the $300k price tag'. Faraday has openly said it's looking to challenge the Escalade, and the all-electric Escalade IQ starts at $130,000 – we'd expect the FX Super One to be in that sort of ballpark too. That's not exactly cheap then, but the firm has a budget EV in the works as well. However, don't get your hopes up too much. There's no guarantee the final vehicle will actually make it to market, as Faraday has a laundry list of factors 'that may affect actual results or outcomes.' Faraday says it still needs to 'to secure regulatory approvals for the proposed Super One front grille', says it hasn't yet secured the 'necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere'. We'll have to wait and see if the Faraday FX Super One can challenge the best luxury EVs and best electric SUVs then.
Business Journals
18-07-2025
- Automotive
- Business Journals
Faraday Future unveils FX Super One MPV to rival Escalade
Story Highlights Faraday Future unveils FX Super One MPV to compete with luxury SUVs. FX Super One features unique LED display and advanced technology features. Faraday secures $105 million in financing for FX Super One launch. Faraday Future Intelligent Electric Inc. unveiled its FX Super One MPV Thursday in Los Angeles, saying the first in its new line of affordable mass-market electric vehicles under the FX brand will compete with luxury SUVs such as Cadillac's Escalade. The Gardena, California-based company (Nasdaq: FFAI) said it now has more than 10,000 'binding deposits' for the vehicle, even though the company hasn't released a price tag for it nor said when it will go on sale. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Faraday said the FX Super One MPV will have some unique features when it eventually hits the road, including its FF Super EAI F.A.C.E. (Front AI Communication Ecosystem), which is an external super LED display on the front fascia that will replace a vehicle's typical grill. With multiple changing front-screen images, the technology brings 'each vehicle a unique expression — 'a thousand faces for a thousand cars,'' Faraday said. Other features touted by Faraday include floating rear zero-gravity seats; all-wheel drive; a longer wheelbase than the Escalade; a high-strength steel structure; a refrigerator; enhanced range on the highway using AI hybrid extended range technology (coming soon); a Dolby Atmos audio system; LiDAR, millimeter-wave radar, ultrasonic radar and HD camera sensors; and several seating configurations, including four-seat, six-seat and seven-seat choices. The company will build the FX Super One at its factory in Hanford, California, located in the San Joaquin Valley region of the greater Central Valley. The unveiling comes after Faraday said earlier this week it secured about $105 million in new cash financing, including $82 million of new financing commitments, to support the launch of the FX Super One model. The company also intends to use the funds to accelerate development and distribution efforts for its FF and FX brands and AI-related technologies. Sign up for Business First's free daily newsletter to receive the latest business news impacting Los Angeles. Reach Ben Miller at bwmiller@
Cision Canada
14-07-2025
- Business
- Cision Canada
News Release Correction To Second Quarter 2024 Sales Price per Carat
TSX and OTC: MPVD TORONTO, July 14, 2025 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces a correction to its news release dated July 10, 2025 entitled "Mountain Province Announces Second Quarter 2025 Production and Sales Results, Details of Second Quarter 2025 Earnings Release, and Conference Call". The news release incorrectly referred to the average selling price for the second quarter ended June 30, 2023 and as a result incorrectly stated that the average selling price per carat, for the second quarter ended June 30, 2024 ("Q2 2024") was CA$166 per carat (US$124 per carat). The correct average selling price for Q2 2024 was CA$102 per carat (US$74 per carat). This correction does not change any other information reported in the July 10, 2025 news release and no other matters require correction. About Mountain Province Diamonds Inc. Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off. For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as COVID-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to COVID-19, including, but not limited to protocols which may be adopted to reduce the spread of COVID-19 and any impact of such protocols on Mountain Province's business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated. These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board. SOURCE Mountain Province Diamonds Inc.
