Faraday Copper

Canaccord Genuity Acts as Sole Bookrunner and Co-Lead Underwriter to Faraday Copper on its Upsized $40 Million Bought Deal Offering of Common Shares

Canaccord Genuity is pleased to announce that on February 14, 2023, its client, Faraday Copper Corp. (“Faraday” or the “Company”) (TSX:FDY; OTCQX:CPPKF) successfully announced the closing of its “bought deal” offering by way of prospectus supplement consisting of 49,999,700 common shares (the “Common Shares”) of the Company at a price of $0.80 per Common Share for gross proceeds of $39,999,760 (the “Offering”), which included full exercise of the option granted to the underwriters to sell up to an additional 6,521,700 Common Shares for gross proceeds of $5,217,360. The Offering was oversubscribed and upsized from Faraday’s previously announced $30,000,000 financing on February 2, 2023.

The Company intends to use the net proceeds from the Offering to fund the purchase of a 32,000-acre ranch land package adjacent to the Company’s Copper Creek Property, for exploration and development of the Copper Creek project, as well as for working capital and general corporate purposes.

Faraday is a Canadian exploration company focused on advancing its flagship copper project in the United States of America. The Copper Creek project, located in Arizona, is one of the largest undeveloped copper projects in North America with open pit and bulk underground mining potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.

The Canaccord Genuity deal team included David Sadowski, Matt Reimer and Tony Huang from Investment Banking, Jason Melbourne and Greg Huffman from Institutional Sales as well as Len Sauer and Lily Yu from Equity Capital Markets.