Faraday Copper surges on $73M capital raise backed by Lundin, BHP
- •Link to the article here if you want to check it out: Faraday Copper Surges on Capital Raise .
- •My portfolio's a bit heavy on the precious metals, so I'm always looking for promising copper plays that aren't just wildcatters.
- •It suggests they're building something substantial, not just a fly-by-night operation.
Hey everyone, just caught this article on Mining.com about Faraday Copper (FCPR.TO) surging on a $73M capital raise backed by some big names like Lundin and BHP. My first thought was, wow, that’s a pretty solid vote of confidence when you've got majors like BHP not only investing but also offloading a property (San Manuel) to them right next to Faraday's existing Copper Creek play. Link to the article here if you want to check it out: Faraday Copper Surges on Capital Raise.
I’ve been eyeing the copper space for a while now, slowly trying to pivot some of my metals exposure away from just gold and silver, given the whole electrification trend. My portfolio's a bit heavy on the precious metals, so I'm always looking for promising copper plays that aren't just wildcatters. The fact that Faraday is consolidating land positions in a proven copper district, and getting significant backing to do it, definitely catches my attention. It suggests they're building something substantial, not just a fly-by-night operation. It makes me think about the generational demand for copper I've been reading about for my retirement accounts – this seems like a tangible step in that direction.
What are your thoughts on this? Anyone here already holding Faraday, or looking to get in? Are you bullish on copper in general for the next 5-10 years? Always appreciate hearing different perspectives from you all before I make any moves that impact my family's future.