Faraday Copper (CSE:FDY) President and Chief Executive Officer Paul Harbidge sat down with The Market Herald’s Sonia Madigan at PDAC 2022 to talk about rebranding, the company’s plans over the coming 12 to 18 months, and developing a pair of projects in mining-friendly U.S. jurisdictions.
The Vancouver junior mineral explorer is fully-funded for its coming exploration programs, after raising capital in May.
It is hoping to deliver two major copper projects to market in the United States, in the mining-friendly states of Arizona and Nevada. It expects its Copper Creek Project in Arizona to have a mine life of 30 years with less than $1 billion in capital costs, low by industry standards for the open-pit and bulk underground mine.
The company’s Contact Copper Project is a copper oxide project in the pre-feasibility stage in Nevada, which the company expects to have a 10-year mine life.
The company remains bullish on copper amid the ever-expanding electric vehicle (EV) market, while also navigating the challenges of evolving U.S. mineral resource political policy.
Faraday Copper is a Canadian exploration and development company with 100-percent ownership of two untapped North American copper deposits in the United States.