Can you introduce Faraday Copper and your vision for the company since joining as CEO in 2021?

We are a Canadian junior copper mining company. Our vision for the company is to deliver the next generation of copper mines and a US domestic source of copper to support the clean energy transition. Our flagship project, Copper Creek, is located in Arizona. We also have the Contact Copper project in Nevada. We have a very experienced and talented management team and board who bring senior company mentality to the junior world, and we base all our decisions on empirical data. We focus heavily on building geological models to support a mineral resource estimate that will lead to robust projects for the development pipeline.

What are the characteristics of the Copper Creek and Contact Copper projects?

Copper Creek is one of the largest undeveloped copper resources in the US with 3.9 billion lbs of contained copper in Measured and Indicated Mineral Resources. It is a copper – molybdenum porphyry with associated high grade breccias. We have recently released a new mineral resource estimate for the Copper Creek project which, along with the pending results of our recently completed Phase 1 drill campaign, will form the foundation of a PEA that we estimate will be delivered at the end of Q2 2023. The project has the potential to be a combined open pit and underground mining operation that could last 30 years and provide many years of domestic copper production for the US. The project is in an excellent location in terms of access to road, rail, power and water infrastructure as well as a skilled local workforce. Importantly, we are not near major residential areas, and have no national forest or protected animal species in the project area. We have had positive feedback from the two local communities in San Manuel and Mammoth about boosting the economic potential through mining.

The geological potential of Contact Copper in Nevada is exciting. It is a copper oxide project, which would be a low-cost open pit and has the potential for a 10-year mine life. It is a simple heap leach SX/EW extraction of copper, requiring low capex, and that has the potential to provide up to 50 million lbs/y of Cu. Considering the friendly permitting guidelines in Nevada, we could put this project into operation relatively quickly. There is significant exploration upside on both projects.

Can you expand on the benefits of Arizona and Nevada as mining jurisdictions?

In Arizona, we are in the heart of the southwestern copper belt and our project has a long history of mining and exploration. This mining heritage brings with it quality infrastructure including roads, power, rail lines, and a skilled workforce. It is also a very stable jurisdiction.

Nevada has a long history of mining as well and is one of the largest gold producers in the world, where more recently we have seen growth in copper and lithium exploration with the push to the clean energy transition. There is great infrastructure, and Nevada is a supportive state for mining.

How crucial is copper to the energy transition?

Copper is the metal needed to transfer electrical energy, as evidenced by its use in EVs and wind turbines. As people switch from normal combustion engines and there is a switch to more renewable sources of energy generation, the demand for copper is only going to increase, further squeezing copper resources.

What do you hope to have accomplished by this time next year?

I expect Faraday to deliver a robust PEA that demonstrates strong economic viability that will advance us to the next stage. I plan to continue having discussions with stakeholders, local communities, and the government, in order to engage the permitting process and look forward to Arizona having a new mine.