Tag: Faraday Copper

BHP, Farady Copper ink San Manuel deal

NAM Staff
san_manuel_mine_heap_leach

BHP, through a wholly owned subsidiary, has executed definitive agreements with Faraday Copper, relating to Faraday’s acquisition of BHP’s San Manuel property in Arizona. Under the terms, upon completion of the transaction, BHP will hold shares representing a 30% fully diluted equity stake in Faraday. This includes related shareholder and offtake rights, and BHP also has the option to participate…

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Faraday Copper in talks for BHP mine in Arizona

NAM Staff

Faraday Copper and a BHP subsidiary have signed a non-binding letter of intent to explore a potential transaction whereby Faraday would acquire BHP’s San Manuel property in Arizona.  In exchange, BHP would receive a 30% interest in the equity of Faraday, and commensurate shareholder and marketing rights. Additionally, BHP agreed to participate in any equity raise by Faraday, over two…

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