sur Faraday Copper Corp. (CVE:FDY)
Faraday Copper Announces Q3 2026 Results and Board Changes
Faraday Copper Corp has disclosed its Q3 2026 financial results alongside notable board changes. Paul Harbidge, CEO, highlighted the acquisition of the San Manuel project from BHP, signaling a significant growth milestone. Three drilling rigs are operational at San Manuel, with plans to expand to seven. Faraday aims for updated Mineral Resource Estimates for their Copper Creek and San Manuel projects by mid-2027.
Board changes include Russell Ball, Audra Walsh, and Alan Wilson stepping down for personal and professional reasons. Ashley Heppenstall, with extensive experience in resource industries, joins as Chair, aiming to leverage his expertise to steer Faraday's growth.
Financial highlights for the nine months ended September 30, 2026, show a net loss of $32.1 million, compared to $18.7 million in 2025. Faraday's cash reserves stand at $94 million, driven by substantial financing activities. The company remains focused on extensive exploration at its Arizona-based properties.
R. P.
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