Slide 1: Growing U.S. Copper Resources
A Lundin Group Company Growing U.S. Copper Resources CORPORATE PRESENTATION May 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 Strategy: Creating Value by Advancing One of the Largest Copper Projects in the U.S. ▪ Copper Creek is a Cu-Mo-Ag resource in Arizona with 4.2 Blbs of copper Measured and Indicated Mineral Resources ▪ Completed 40,000 metres of drilling targeting near-surface resource expansion
Slide 4: 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 and completed C$5 million financing (C$0.40 and a C$0.60 five-year warrant) Feb 2022 Initiated 6,000-m initial drill program Ap
Slide 5: Leadership
LEADERSHIP Senior Mining Company Talent Who Know 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
Slide 6: Corporate Overview
CORPORATE OVERVIEW Analyst Coverage Rene Cartier Top Strategic Shareholders Dalton Baretto Lundin Family Derick Ma Murray Edwards Pierre Lassonde Connor Mackay Financial Overview Ownership C$164.4M Market Capitalization C$7.6 M Cash & Equivalents (March 31, 2025) 30.1% Strategic Shareholders: 39.3%
Slide 7: Located in Arizona Copper Country
LOCATED IN ARIZONA COPPER COUNTRY Arizona Produced ~70% of U.S. Copper in 2024 (USGS) ARIZONA ▪ Excellent infrastructure with N Pinto Valley Globe-Miami U.S. access to road, rail and power / Phoenix (150 km) Resolution State Route I-79 ▪ Near mining and service hubs Ray State Route I-77 Ivanhoe Elec
Slide 8: Geology and Mineralization
GEOLOGY AND MINERALIZATION High-grade Breccias and Vein-hosted Porphyry Open Pit Grade Distribution Banjo breccia Copper Prince Childs Aldwinkle 1,300RL Mammoth 1,200RL CuEq1(%) CuEq % 1,100RL 0.13 – 0.3 0.3 – 0.4 1,000RL 0.4 – 0.5 0.5 – 0.7 American Eagle 900RL 0.7 – 1.0 100 metres > 1.0 LOOKING NO
Slide 9: Potential for New Discoveries
POTENTIAL FOR NEW DISCOVERIES Significant Growth Opportunities in an Underexplored District Horsecamp Rum N Holy Joe Mineral Fault Reserves Open Pit Resource 10 Area Mineral Resource Targets 6 Advanced Targets Sycamore 10 Identified Targets Area 51 East 8 Western Generative Targets Fault Area 51 34
Slide 10: Drilling at the American Eagle Area
DRILLING AT THE AMERICAN EAGLE AREA ▪ Drilling focused on near-surface mineralization N N Post Office ▪ Intersected significant Jailhouse Rum Area mineralization above the Courthouse American Eagle underground resource Winchester Banjo American Eagle ▪ Multiple breccia discoveries, American Eagle Ar
Slide 11: American Eagle Area: Near Surface Potential
AMERICAN EAGLE AREA: NEAR SURFACE POTENTIAL Phase III Drilling Focus: Drill Hole American Eagle Area Assay Results Mammoth Copper Grade (%) 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 24-081 F
Slide 12: Metallurgical Performance Overview
METALLURGICAL PERFORMANCE OVERVIEW Unlocking Significant Upside with New Metallurgical Results Coarse Grind Additional Gold Optimization Benefits Program Bornite Gold recovery over Over 95% copper High grade copper 75% supporting Chalcocite sulphide recovery concentrate potential to add gold Chalcop
Slide 13: Environmental & Stakeholder Engagement
ENVIRONMENTAL & STAKEHOLDER ENGAGEMENT Baseline Data Collection and Stakeholder 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 pr
Slide 14: Copper Creek Project: Milestones
COPPER CREEK PROJECT: MILESTONES Resource Update Technical Study Update Exploration Upside (Q3 2025) (Q3 2025) (Ongoing) Incorporating ~40,000 metres of Targeting increased throughput and Steady news flow of assay results drilling, targeting near-surface annual metal production profile from ongoing
Slide 15: Contact Us
Contact Us CONTACT INFORMATION Suite 2800, 1055 Dunsmuir Street PO Box 49225 Vancouver, BC Canada www.faradaycopper.com STACEY PAVLOVA, CFA VP Investor Relations 778-730-1067 info@faradaycopper.com
Slide 16: Appendix
FARADAY COPPER Appendix
Slide 17: Good News for Mining in the USA
GOOD NEWS FOR MINING IN THE USA faradaycopper.com I page 17
Slide 18: 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 19: 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 20: 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 21: 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 22: Contact Copper Project
CONTACT COPPER PROJECT Drill-ready, Copper Oxide Deposit ▪ 100% owned, 5,900+ acres of patented and unpatented mining claims in northern Nevada Contact Copper Elko ▪ Excellent access to a major highway, power and local mining services ▪ Open pit, heap-leach copper oxide opportunity NEVADA ▪ Deposit
Slide 23: 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 24: 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