Business
Freeport Commences Discussions with Kumul Minerals Holdings Limited to Advance the Yandera Copper Project, One of the World's Largest Undeveloped Copper Projects
Freeport has also commenced discussions, including the signing of NDAs and/or MoUs, with several potential strategic partners to advance its 100%-Owned Yandera Copper Project.Copper prices have hit record levels in recent weeks as demand for copper undergoes an unprecedented structural supply deficit driven by the global energy transition. Proximity to Asia, the world's largest copper refiner and consumer, positions the Yandera Copper Project as an attractive potential long-term source of copper
About this update from Freeport-mcmoran, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Freeport has also commenced discussions, including the signing of NDAs and/or MoUs, with several potential strategic partners to advance its 100%-Owned Yandera Copper Project.","length":175,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":175,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Copper prices have hit record levels in recent weeks as demand for copper undergoes an unprecedented structural supply deficit driven by the global energy transition.","length":166,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":166,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Proximity to Asia, the world's largest copper refiner and consumer, positions the Yandera Copper Project as an attractive potential long-term source of copper supply.","length":170,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":170,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FE: 4XH) (the "Company" or "Freeport Resources") is pleased to announce that it has entered into a Memorandum of Understanding ("MoU") with Kumul Minerals Holdings Limited ("Kumul Minerals"), Papua New Guinea's state-owned mining investment company (the "Parties"), to cooperate on the advancement and strategic development of the Yandera Copper Project located in Papua New Guinea ("PNG").","length":583,"tagName":"p"},{"type":"text","content":"The MoU establishes a framework for collaboration and information sharing as the Parties evaluate potential pathways to advance Yandera, including coordinated engagement with government stakeholders and a review of strategic options that could support long-term project development. The MoU is non-binding and does not create any obligation for either party to complete a transaction or enter into a definitive agreement.","length":421,"tagName":"p"},{"type":"text","content":"Freeport Resources retains full ownership and control of the Yandera Copper Project and continues to actively evaluate a range of financing and strategic alternatives to unlock value for shareholders. The Company believes that early, cons...