Slide 1: Growing U.S. Copper Resources
A Lundin Group Company Growing U.S. Copper Resources CORPORATE PRESENTATION December 2025 FDY: TSX I CPPKF: OTCQX
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that a
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Advancing One of the Largest Copper Projects in the U.S. Highlights: Catalysts: ✓ Copper Creek is a significant and ✓ Significantly expanded drilling capabilities growing Cu-Mo-Ag resource in Arizona on federal land with a recently approved with 4.2 billion pounds of Measured a
Slide 4: Corporate Overview
CORPORATE OVERVIEW Analyst Coverage Ownership Rene Cartier 30% Institutions: 34% Dalton Baretto 34% Strategic Shareholders: 19% Pierre Vaillancourt Lundin Family Trust: 15% Derick Ma 2% Insiders: 2% 15% Other: 30% 19% Max Myers Financial Overview FDY Share Price (C$) and Volume 7.8 C$621.4 M Market
Slide 5: Located in Arizona Copper Country
LOCATED IN ARIZONA COPPER COUNTRY Arizona Produced ~70% of U.S. Copper in 2024 (USGS) Phoenix Globe Miami ARIZONA Pinto Valley N U.S. ▪ 100% ownership of the Copper Creek Resolution Ray project Florence Morenci Cactus Hayden Smelter Safford Lone Star ▪ Excellent infrastructure with access to road, S
Slide 6: Copper Creek: A Historical Mining District
COPPER CREEK: A HISTORICAL MINING DISTRICT ▪ Small-scale mining started in the 1860’s with the Blue Bird mine and continued throughout the 1900’s ▪ Nearly 100 historical mining locations have been identified on the project to date ▪ Pre-disturbed land is potentially advantageous for future permittin
Slide 7: Geology and Mineralization
GEOLOGY AND MINERALIZATION High-Grade Breccias Support Near-Surface Resource Growth ▪ Breccias offer the potential for high-grade copper mineralization that is amenable to open pit mining and are often visible at surface ▪ Over 320 breccias identified across the property ▪ Less than 15% have had a d
Slide 8: Geology and Mineralization
GEOLOGY AND MINERALIZATION Porphyry Style Mineralization American Eagle ▪ Porphyry systems at Keel and American Eagle underpin the underground resource and have the potential to provide a long mine-life ▪ Both systems remain open laterally and at depth ▪ Potential to discover new porphyry systems be
Slide 9: Phase IV Drill Program: Objectives
PHASE IV DRILL PROGRAM: OBJECTIVES Growing the Resource and Maximizing Economic Potential ▪ Phase IV commenced in September 2025: N ▪ 20,000m for the American Eagle area Palomino Holy Joe ▪ 10,000m for oxide resource growth Fault Open Pit ▪ 10,000m for new discoveries Resource ▪ Strong exploration p
Slide 10: Drilling on Federal Land
DRILLING ON FEDERAL LAND Significant increase in drilling capabilities on federal lands: ▪ In May 2024, 9 drill pads were approved in the American Eagle area ▪ In June 2025, 67 drill pads were approved through an A’ Exploration Plan of Operations: ▪ 48 pads in or near the American Eagle area ▪ 10 pa
Slide 11: Drilling at the American Eagle Area
DRILLING AT THE AMERICAN EAGLE AREA ▪ Phase III intersected significant near- surface mineralization from 9 N Post Office available pads: Jailhouse ▪ Multiple breccia discoveries, Courthouse including high-grade Banjo breccia Winchester Banjo ▪ Drilling was restricted due to the American Eagle numbe
Slide 12: American Eagle Area: Phase III Highlights
AMERICAN EAGLE AREA: PHASE III HIGHLIGHTS Phase III Drilling Focus: Drill Hole A American Eagle Area Assay Results Mammoth Copper Grade (%) A’ FCD 24-074 50.20 m at 0.74% Cu, >2.00 0.62 g/t Ag, from 46.20 m 1.00 0.31 FCD 24-069 0.20 29.08 m at 0.62% Cu, 0.13 1.14 g/t Ag, from 145.69 m 0.00 FCD 24-08
Slide 13: Oxide Potential: Early Cash-Flow Opportunity
OXIDE POTENTIAL: EARLY CASH-FLOW OPPORTUNITY ▪ 10,000 m planned for expanding the oxide resource ▪ Potential to significantly increase oxide Green dots indicate resource and support U.S. domestic cathode oxide mineralization potential production Globe breccia Vein zone and breccia, Vein zone, west o
Slide 14: Underground Opportunities
UNDERGROUND OPPORTUNITIES Keel Keel ▪ Contains a high-grade core that has American Eagle the highest drilling density Wide drill spacing American Eagle ▪ Contains high-grade cores that are limited due to lower drilling density ▪ Potential to expand and further define the existing high-grade cores Le
Slide 15: Potential for New Discoveries
POTENTIAL FOR NEW DISCOVERIES Growth Opportunities in an Underexplored District Thirty-one prospective targets identified, including: ▪ Sunrise Trend: Intense alteration and several untested breccia in the area, geochemistry suggests copper mineralization with elevated gold potential Bunker Hill ▪ B
Slide 16: Faraday Copper: Why Invest?
FARADAY COPPER: WHY INVEST? Large Resource Well-Funded Significant Upside Copper Creek is one of the largest Completed a C$49M financing in Commenced the largest drill program undeveloped copper projects in July 2025 with strong shareholder ever on the property targeting near- the U.S. and benefits
Slide 17: Appendix
FARADAY COPPER Appendix
Slide 18: Leadership
LEADERSHIP Experienced Team Who Knows Great Projects Management Independent Directors Graham Richardson Dr. Thomas Bissig Audra Walsh Robert Doyle Paul Harbidge Chief Financial Officer VP Exploration Russell Ball Prev: CEO, Minas de Prev: CFO, Pan President, CEO & Director Prev: Goldcorp / Newmont P
Slide 19: Building Momentum at Copper Creek
BUILDING MOMENTUM AT COPPER CREEK Delivering on Our Strategy President and CEO Paul Harbidge appointed, assembled a new Sept 2021 management team to re-start technical work May 2022 Completed C$20 million private placement Jul 2022 Mineral Resource Estimate (“MRE”) Nov 2022 Commenced trading on TSX
Slide 20: Copper Creek Land Package
COPPER CREEK LAND PACKAGE ▪ ~78 km2 property offers optionality for infrastructure placement ▪ Mineral claims include patented claims, unpatented claims and state prospecting permits ▪ Private land parcel across San Pedro corridor connecting with BHP land package ▪ Ranch includes ~26,000 acres of su
Slide 21: Environmental & Stakeholder Engagement
ENVIRONMENTAL & STAKEHOLDER ENGAGEMENT Data Collection and Outreach ENVIRONMENT STAKEHOLDER ENGAGEMENT Baseline environmental monitoring Commitment to open dialogue and systems in place for data collection to support for the local economy and social support permitting process programs ▪ Hydrology st
Slide 22: Metallurgical Performance Overview
METALLURGICAL PERFORMANCE OVERVIEW Unlocking Significant Upside with Metallurgical Testing Coarse Grind Optimization Additional Benefits Bornite +95% copper +30% copper grade in a sulphide recovery clean concentrate Chalcocite Chalcopyrite 20 mm Polished massive sulphide core from the Copper Prince
Slide 23: PEA: Highlights
PEA: HIGHLIGHTS Based on 2023 MRE and 30,000 tpd Mill Throughput Scenario Life-of-Mine Average Annual Life-of-Mine Payable Measured and Indicated 51,100 tpa Payable CuEq 2 Production 3.4 Blb CuEq 2 Production 4.2 Blb Copper Mineral Resource a KEY FINANCIAL DATA ANTICIPATED PRODUCTION PROFILE Post-ta
Slide 24: Copper Creek: Mineral Resources (2023)
COPPER CREEK: MINERAL RESOURCES (2023) Grade Contained Metal Category Tonnes (Mt) Cu Mo Ag CuEq 1 Cu Mo Ag CuEq 1 (%) (%) (g/t) (%) (Mlbs) (Mlbs) (Moz) (Mlbs) Open Pit (OP) Measured 67.2 0.48 0.008 1.2 0.51 710.5 12.5 2.6 751.1 Indicated 59.9 0.31 0.008 0.6 0.33 412.9 10.1 1.1 440.5 M&I 127.1 0.40 0
Slide 25: Copper Creek: Notes to Mineral Resources
COPPER CREEK: NOTES TO MINERAL RESOURCES ▪ CuEq: Copper equivalent; g/t: Grams per tonne; Mlb: Million pounds; Moz: Million troy ounces; Mt: Million tonnes ▪ The mineral resources in this estimate were prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Stand
Slide 26: Endnotes
ENDNOTES 1. Mineral Resource Estimate (“MRE”) copper equivalent values are calculated using commodity type and price, considering the relevant preliminary recovery rate based on domain. For example, sulphide CuEq = [(Cu grade/100 * 0.92 Cu recovery * 2,204.62 * $3.80) + (Mo grade/100 * 0.78 Mo recov
Slide 27: Notes
NOTES faradaycopper.com I page 27
Slide 28: Contact Information
CONTACT INFORMATION STACEY PAVLOVA, CFA Suite 2800, 1055 Dunsmuir Street VP Investor Relations PO Box 49225 778-730-1067 Vancouver, BC Canada info@faradaycopper.com www.faradaycopper.com