Latest news with #Faraday
Business Wire
3 hours ago
- Business
- Business Wire
Faraday Unveils FlashKit™-22RRAM: An eNVM-Based SoC Development Platform for IoT
HSINCHU, Taiwan--(BUSINESS WIRE)--Faraday Technology Corporation (TWSE: 3035), a leading ASIC design service and IP provider, today introduced its latest FlashKit™ development platform, FlashKit™-22RRAM, designed to accelerate high-performance IoT and MCU applications. Built on UMC's 22ULP process, FlashKit™-22RRAM combines embedded Resistive RAM (RRAM, ReRAM) technology with a rich IP ecosystem and development-ready support, providing a cost-effective and power-efficient SoC solution for edge devices. Accelerate IoT and MCU SoC design and launch faster with FlashKit™-22RRAM The FlashKit™-22RRAM platform integrates a full-featured RRAM subsystem with DWORD access, delivering comparable performance with SST eFlash. This solution minimizes extra-mask requirements, making it highly suitable for consumer-grade eNVM applications, such as AIoT, smart home, wearables, and portable devices. It is silicon proven and fully prepared to support customers' fast ramp-up to volume production on UMC's 22ULP node. FlashKit™-22RRAM supports embedded CPU options including ARM Cortex-M7 and VeeR EH1 RISC-V, and integrates a comprehensive set of integrated IPs such as USB 3.0 Type-C, GMAC, and PLL. A built-in RRAM controller with built-in self-test (BIST) ensures streamlined data access and high production reliability. In additional, embedded FPGA (eFPGA) block is included for enhanced design flexibility and enabling post-silicon logic change, ECO, or GPIO re-assignment. 'FlashKit™-22RRAM demonstrates Faraday's continued commitment to delivering optimized platforms that reduce development effort and accelerate time-to-market,' said Flash Lin, COO of Faraday Technology. 'Our customers now have a highly integrated and cost-efficient path to bring differentiated eNVM-based products to market quickly, with the flexibility to scale for future needs.' 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.
Yahoo
27-05-2025
- Automotive
- Yahoo
Ford Suit Claims Lemon Law Lawyers Bilked Them Out of $100M
For many buyers, the concept of the Lemon Law is a good one: when a consumer purchases a product that repeatedly fails to meet generally expected quality standards, they are provided with a legal remedy to pursue a refund. And while many automakers find themselves involved in Lemon Law cases, this next instance is a bit unique. For Ford Motor Company, instead of facing off in lawsuits over defective products, it is filing a suit against a group of Lemon Law attorneys alleging widespread fraud. Most Read on IEN: Ford Worker Accused of Stealing Millions in Parts The Cybertruck's Staggering Depreciation Shoemaker Looks to Outsmart Tariffs Podcast: Cybertruck's Wild Depreciation; Faraday's 2 Cars; BioLab Won't Rebuild Companies who are found in breach of Lemon Law are often on the hook for the legal fees of the customer, which means there are certain law firms that specialize in – and seek out – these specific types of consumer protection cases. In Ford's instance, the automaker claims that a group of nine attorneys have been presenting them with inflated bills for Lemon Law-pursuing customers, to the tune of millions of dollars. In fact, Ford's claims go even further. A report in Carscoops says Ford has accused the law firms in question of working in tandem, which they say is tantamount to fraud in violation of the RICO Act – a federal law that targets corruption. Ford's suit outlines a 'magical mystery tour of fictitious billings' including a breakdown of nonsensical hourly charges. For example, Ford says one single attorney in the case billed Ford more than 20 hours in a day on 66 occasions. 34 of these incidents were reportedly bills above 24 hours in a day and one cites a 57-and-a-half-hour workday. Ford also says one attorney billed them for traveling to two different trials held on the same day. The problem was, they were held 380 miles apart. Carscoops points to Ford's lawsuit, which suggests that half of all the legal fee applications the automaker received were suspect. The company is not only seeking $300 million in damages, but it's warning other automakers that they might be affected too. For their part, the attorneys are emphatically denying the accusations. Knight Law Group called Ford's legal action 'nothing more than a thinly veiled attempt to silence firms who would dare hold them responsible and seek justice for consumers.' Click here to subscribe to our daily newsletter featuring breaking manufacturing industry news.
Yahoo
15-05-2025
- Business
- Yahoo
Faraday Copper Intersects Near-Surface Supergene Copper Mineralization at the Globe and Copper Giant Breccias, Including 10.08 Metres at 3.62% Copper and 38.90 Metres at 0.51% Copper
VANCOUVER, BC / / May 15, 2025 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of seven drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). These holes targeted near-surface supergene copper mineralization with the goal of better understanding the distribution of oxide mineralization. Five holes were drilled near the Globe breccia and two near the Copper Giant breccia. Paul Harbidge, President and CEO, commented, "These results demonstrate the continuity of supergene mineralization within the first 40 metres from surface. We have confirmed the presence of an enrichment blanket with high copper grades at Globe and expanded copper oxide mineralization to the north. Historically, there has been limited drilling targeting copper oxide mineralization across the deposit, and we see the potential to significantly expand the near-surface oxide resource through additional drilling, ultimately producing copper cathode early in the project life to significantly enhance shareholder returns." Highlights Expanded near-surface supergene oxide and secondary copper sulphide mineralization near the Globe and Copper Giant breccias. At the Globe breccia, intersected 10.08 metres ("m") at 3.62% copper from 65.92 m (approximately 30 m below surface) in drill hole FCD-25-107. This intercept corresponds to a secondary chalcocite enrichment zone. North of the Globe breccia, intersected 38.90 m at 0.51% copper from 3.55 m in drill hole FCD-25-111. Copper in this intercept is largely contained in oxide minerals such as malachite and chrysocolla. At the Copper Giant breccia, intersected 27.46 m at 0.50% copper from 6.10 m in drill hole FCD-25-104. This intercept includes near-surface copper oxide, transitioning to copper sulphide mineralization from 21 m downhole. (For true width information see Table 1) Zach Allwright, VP Projects and Evaluations, commented, "The opportunity to delineate additional near-surface oxide mineralization in future drill programs is highly encouraging. These high-grade oxide domains have demonstrated excellent recoveries via heap leaching (refer to news release dated February 26, 2024) and offer the potential to optimize the project staging with high-margin cathode production upfront as part of the initial pre-strip, prior to transitioning to copper production from sulphides. I look forward to further exploration to target near-surface oxide resource growth in subsequent drill programs." Copper Oxide and Enrichment Zones Seven short holes were drilled near the Globe and Copper Giant breccias to better understand the distribution of oxide mineralization and enrichment zones. Historically, there has been limited drilling targeting copper oxide across the deposit and there is the potential to expand the near-surface oxide resource as the project advances. Copper oxide mineralization is a product of weathering of primary copper mineralization and generally occurs within the first 40 m from surface at Copper Creek. Copper oxide minerals such as malachite, chrysocolla or tenorite can be processed through heap-leaching (refer to news release dated February 26, 2024), which offers the potential to produce copper cathode early in the mine life and with low capital expenditure. Near the base of the oxide zone, secondary copper sulphides such as chalcocite precipitate and can form an enrichment blanket consisting of high-grade copper mineralization. Drill hole FCD-25-104 was collared north of Copper Giant and drilled to the west. It intersected hydrothermal breccia from surface to 32 m, and Glory Hole volcanics to the end of the hole except for two granodiorite dykes at 60 m to 62 m and 75 m to 77 m. Alteration is sericite-kaolinite affecting the breccia domain and chlorite-biotite in the volcanics with some magnetite and potassium feldspar near the breccia contact. Copper mineralization occurs as oxide, including chrysocolla and tenorite, in the top 20 m of the hole transitioning into a domain with chalcocite and relict chalcopyrite as well as chrysocolla and tenorite. Drill hole FCD-25-106 was collared northwest of Copper Giant and drilled to the northwest. The hole intersected Glory Hole volcanics with granodiorite dykes from 12 m to 16 m, from 24 m to 26 m and from 84 m to 86 m. Fine grained secondary biotite with variable amounts of chlorite, actinolite and carbonate make up the alteration of the volcanics. Mineralization, consisting of chalcopyrite with pyrite, is limited to localized porphyry style veins from 70 m to 72 m and from 117 m to 123 m downhole. Drill hole FCD-25-107 was collared west of the Globe breccia and drilled to the east. After 12 m of volcanics the hole entered hydrothermal breccia to 77 m and went back into volcanics to the end of the hole. Alteration associated with the breccia is sericitic with kaolinite being significant below 51 m. Primary sulphides are largely oxidized to goethite and hematite as well as subordinate jarosite to a depth of 68 m. Copper mineralization occurs as malachite, chrysocolla and tenorite near the top of the hole whereas chalcocite together with chrysocolla, tenorite and cuprite make up the high-grade mineralization starting at 66 m. The breccia interval is characterized by elevated silver and molybdenum. Drill hole FCD-25-109 was collared west of the Globe breccia and drilled to the southeast. It intersected hydrothermal breccia from 10 m to 57 m and Glory Hole volcanics at the top and bottom of the hole. Alteration associated with breccia is sericitic. Primary sulphides are oxidized to jarosite, goethite and lesser hematite to a depth of 58 m. Copper mineralization occurs as malachite, chrysocolla and tenorite. The breccia interval is characterized by elevated silver and molybdenum. Drill hole FCD-25-110 was collared west of the Globe breccia and drilled to the north. For the first 3 m, Glory Hole volcanics were intersected, followed by locally intensely fractured granodiorite to 62 m. Volcanics make up the remainder. The granodiorite is sericite altered. Sulphides are largely oxidized to goethite and hematite to 53 m. Drill hole FCD-25-111 was collared north of the Glory Hole breccia and was drilled to the southeast. It intersected Glory Hole volcanics for its entire length. Fine-grained biotite alteration overprinted by minor sericite and kaolinite is present throughout. Goethite and hematite coat fracture surfaces together with copper oxide minerals that include malachite, chrysocolla and tenorite. Chalcocite, native copper and tenorite occur from 41 m to 43 m. Drill hole FCD-25-112 was collared north of the Glory Hole breccia and was drilled to the north. It intersected Glory Hole volcanics for its entire length. Fine-grained biotite alteration overprinted by minor sericite is observed from 18 m to 45 m. Goethite and hematite coat fracture surfaces to a depth of approximately 40 m. Copper mineralization is contained in oxide minerals including chrysocolla and tenorite in the top 13 m of the hole. Next Steps Phase III drilling commenced in October 2023 and concluded in mid-April 2025. The Company has completed nearly 40,000 metres of incremental drilling beyond the current Mineral Resource Estimate ("MRE")1, which represents a significant opportunity to enhance the project value by increasing the open pit mineral resource. Remaining assay results from nine drill holes are expected from the American Eagle area and district exploration targets and will be released as they are received, analyzed and confirmed by the Company. The Company anticipates the release of an updated technical study and mineral resource estimate near the end of the third quarter of 2025. Figure 1: Plan View Showing Surface Geology and Location of the Drill Holes Note: The open pit shell is based on constraints used in the MRE as presented in the Copper Creek Technical Report1. Figure 2: Cross Section Showing Drill Holes FCD-25-111 and FCD-25-112 Table 1: Selected Drill Results Drill Hole ID From To Length True Width Cu Au Ag Mo (m) (m) (m) (m) (%) (g/t) (g/t) (%) FCD-25-104 6.10 33.56 27.46 18 0.50 0.05 1.48 0.0010 FCD-25-107 7.68 12.00 4.32 4 0.75 N/A 0.42 0.0003 and 65.92 76.00 10.08 7 3.62 0.02 6.02 0.0047 FCD-25-109 60.44 71.14 10.70 8 0.57 N/A 0.39 0.0009 FCD-25-111 3.55 42.45 38.90 28 0.51 N/A 0.15 0.0011 including 9.14 18.75 9.61 7 0.84 N/A 0.12 0.0012 FCD-25-112 0.00 12.83 12.83 9 0.16 N/A 0.20 0.0022 FCD-25-106 No significant results FCD-25-110 No significant results Note: All intercepts are reported as downhole drill widths. Mineralization includes bulk porphyry style and breccia mineralization. True widths are approximate due to the irregular shape of mineralized domains. N/A: Not analyzed. Table 2: Collar Locations from the Drill Holes Reported Herein Drill Hole ID Easting Northing Elevation Azimuth Dip Target Depth Depth (m) (°) (°) (ft) (m) FCD-25-104 548142 3624821 1,235 300 50 Copper Giant North 254.8 83.58 FCD-25-106 548066 3624780 1,225 306 45 Copper Giant North 437.4 143.50 FCD-25-107 547736 3624780 1,281 075 45 Globe oxide 260.4 85.44 FCD-25-109 547736 3624780 1,281 111 45 Globe oxide 294.1 96.50 FCD-25-110 547736 3624780 1,281 337 45 Globe oxide 219.9 72.15 FCD-25-111 547677 3624910 1,275 140 45 Globe oxide 232.6 76.32 FCD-25-112 547677 3624910 1,275 350 45 Globe oxide 165.4 54.25 Note: Coordinates are given as World Geodetic System 84, Universal Transverse Mercator Zone 12 north (WGS84, UTM12N). Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance All sampling was conducted under the supervision of the Company's geologists and the chain of custody from Copper Creek to the independent sample preparation facility, ALS Laboratories in Tucson, AZ, was continuously monitored. The samples were taken as ½ core, over 2 m core length. Samples were crushed, pulverized and sample pulps were analyzed using industry standard analytical methods including a 4-Acid ICP-MS multielement package and an ICP-AES method for high-grade copper samples. Copper mineralized samples were also analyzed for acid and cyanide soluble copper. Gold was analyzed on a 30 g aliquot by fire assay with an ICP-AES finish. A certified reference sample was inserted every 20th sample. Coarse and fine blanks were inserted every 20th sample. Approximately 5% of the core samples were cut into ¼ core and submitted as field duplicates. On top of internal QA-QC protocol, additional blanks, reference materials and duplicates were inserted by the analytical laboratory according to their procedure. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Faraday's VP Exploration, Dr. Thomas Bissig, P. Geo., who is a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Notes 1 The Mineral Resource Estimate is presented in the report titled "Copper Creek Project NI 43-101 Technical Report and Preliminary Economic Assessment" with an effective date of May 3, 2023, available on the Company's website at and on the Company's SEDAR+ profile at 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, 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 the exploration potential of the Copper Creek property and the timing of the MRE and PEA. 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 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 Faraday's disclosure documents filed on and available at 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. SOURCE: Faraday Copper Corp. View the original press release on ACCESS Newswire Sign in to access your portfolio
ABC News
14-05-2025
- General
- ABC News
Kangaroos rescued from open water channel in central Victoria as rescuers call for roo-proof fence
Wildlife rescuers are calling on authorities to build a kangaroo-proof fence around a central Victoria waterway to stop animals from drowning. On Monday, wildlife rescuers were called to the Coliban Water Main channel in Faraday, 116 kilometres north-west of Melbourne, where 10 kangaroos were trapped and eight died. The animals had become stuck on the muddy floor within the concrete walls of the channel. The 70-kilometre-long channel takes water from the various storage facilities near the Macedon Ranges from Malmsbury to Bendigo, where it is treated for human use. The water is also used for agricultural irrigation. Sam, who requested their last name not be used, helped rescue one kangaroo that survived and said it was not the first time animals had drowned in the channel. The wildlife carer said the clean-up, which involved caring for two injured animals, was an "incredibly frustrating" ordeal, given they had previously raised concerns with Coliban Water several times with no response. Sam said, ideally, Coliban Water should build a fence similar to the rabbit and dingo-proof fences built in Australia in the late 19th and early 20th centuries. "Maybe a model like that would help prevent these animals from ending up in the water," they said. A Coliban Water spokesperson said the water authority was committed to the protection of wildlife. "There are currently 47 wildlife crossings along the 70-kilometre-long channel designed to provide safe passage," the spokesperson said. The spokesperson also said more work would be carried out "to better understand the movement of wildlife in the area" so that more wildlife crossings could be installed. Northern Victorian Animal Justice Party MP Georgie Purcell raised concerns about the open water channel in the Victorian Parliament earlier this year. Ms Purcell said she requested a copy of the map identifying the 47 wildlife crossings, but it was yet to be forwarded to her office. The ABC is awaiting further comment from Coliban Water about the wildlife crossings. Ms Purcell said she believed issues around urbanisation and habitat loss were also an important part of the conversation. According to an analysis by demographer AreaSearch, the population of the central Victorian town of Castlemaine, near Faraday, had grown by almost 5 per cent since the last Bureau of Statistics census in 2021. In Gisborne, another central Victorian town, population growth had also exploded, and the council expected the population to double in the next two and a half decades. Ms Purcell will chair a parliamentary inquiry committee examining wildlife strikes on the state's roads. "More and more native animals are being hit on our roads," she said. "Now, that's not a coincidence. Academics, such as Euan Ritchie, professor of wildlife ecology and conservation at Deakin University, have previously raised concerns around how housing construction in growing neighbourhoods has impacted wildlife. "We know we've got a housing crisis, we've got an increase in population and we need to find homes for people, but we are also lucky that we have a lot of wildlife in and around our cities," Professor Ritchie said. Professor Ritchie said many native animals became landlocked when infrastructure and development were not adequately planned for their movement. "We can, of course, set aside areas as part of estates that animals can move through," he said. "It doesn't mean people have to give up their houses." Professor Ritchie also said dry conditions across the state, particularly in the west, were also playing a role in the movement of wildlife, perhaps leading desperate animals to search for water in unlikely places. Coliban Water has been asked if the kangaroo drownings pose any risk to humans. According to their website, all water from the channel is treated before human consumption.
Yahoo
12-05-2025
- Business
- Yahoo
Faraday Copper Reports First Quarter 2025 Financial Results
VANCOUVER, BC / / May 12, 2025 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY) announces its financial results for the three months ended March 31, 2025. Highlights Year to Date 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 metres ("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 Ongoing results from the Phase III drill program. Updated technical report near the end of the third quarter of 2025. Copper Creek Project Update With extensive historical exploration, over 200,000 m of drilling and modest past production, significant exploration upside remains. There are several hundred known breccia occurrences mapped at the surface, of which less than 20% 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 focusing 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. In total, 63 holes have been released. Remaining assay results are expected from the American Eagle area and district exploration targets and will be released as they are received, analyzed and confirmed by the Company. 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. To date, through the combined Phase II and Phase III drill programs, which are not included in the MRE or PEA, the Company has released results from 91 drill holes as follows: 63 drill holes were drilled on new targets that are entirely outside of the resource boundary; 21 drill holes were step-out holes testing extensions to the mineral resource; and 7 drill holes were drilled within the resource area, targeting expansion of the higher-grade cores. 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. In addition, all existing data is being integrated into a technical framework to inform the updated MRE and PEA. Financial Results In Canadian dollars Three months ended March 31, 2025 March 31, 2024 Exploration and evaluation expenses $ 6,484,508 $ 4,464,210 General and administration $ 681,672 $ 695,542 Share-based compensation $ 384,126 $ 269,617 Net loss $ 7,820,431 $ 5,499,835 Basic and diluted loss per share $ 0.04 $ 0.03 Note: The financial information in this table was selected from the Company's condensed interim consolidated financial statements for the three months ended March 31, 2025 (the "Financial Statements"), which are available on SEDAR+ at and the Company's website Selected Financial Information In Canadian dollars March 31, 2025 December 31, 2024 Cash and cash equivalents $ 7,551,568 $ 17,003,895 Property and equipment $ 18,179,077 $ 18,037,072 Resource properties $ 4,955,328 $ 4,955,328 Total assets $ 31,347,122 $ 40,578,185 Note: The financial information in this table was selected from the Financial Statements, which are available on SEDAR+ at and the Company's website 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 March 31, 2025, the Company had cash and cash equivalents of $7,551,568 (December 31, 2024 - $17,003,895) and current assets less current liabilities of $5,558,483 (December 31, 2024 - $13,129,205). During the three months ended March 31, 2025, cash used in operating activities was $9,253,611 (2024 - $5,767,179), cash used in investing activities was $222,601 (2024 - $393,496), and cash provided by financing activities was $35,200 (2024 - cash used of $10,486). 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. 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, CFAVice President, Investor Relations & CommunicationsFaraday Copper Corp.E-mail: info@ 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 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 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 Faraday's disclosure documents filed on and available at 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. 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
