Redhawk Copper Complex: Overview

The Redhawk Copper Complex includes the Copper Creek project and the past-producing San Manuel project in Pinal County, Arizona, creating a multi-generational copper district. The Complex is 100% owned by Faraday Copper and includes multiple large copper deposits and a combined total of approximately 35,000 acres of private land. It is situated within one of the most prolific copper-producing regions in the United States and benefits from year-round access, established transportation corridors, grid power and a local workforce with a long history of mining activity.

At the Copper Creek project, Faraday is advancing a current copper resource supported by near-surface breccia-hosted mineralization and deeper porphyry-style copper mineralization. At the San Manuel project, Faraday has acquired a historically significant copper mining project that hosted one of the largest underground copper operations in North America and produced over 4.2 million tonnes (4.65 million short tons) of copper for more than four decades.

Together, these assets provide Faraday with a unique foundation, including a large mineral resource at the Copper Creek project, a significant historical resource backed by extensive geological and operating data at the San Manuel project, and strategic land and infrastructure to support optimized development and a reduced environmental footprint.

For Faraday, the Redhawk Copper Complex represents a rare opportunity to advance a large-scale U.S. copper development strategy in a jurisdiction with a deep mining history, existing regional infrastructure and increasing strategic importance for U.S. copper supply.

The two projects are expected to be evaluated through a staged development process, beginning with Mineral Resource Estimates expected in 2027. A Phase I Prefeasibility Study will evaluate a potential copper cathode production, followed by open pit sulphides, and is expected to be released in 2028. Over the longer term, a Phase II technical study would evaluate future underground development opportunities. These development pathways remain conceptual and are subject to additional drilling, technical studies, permitting, economic analysis and other factors.

The Redhawk Copper Complex is in Pinal County, Arizona, within Arizona’s copper corridor, a region with a long history of mining, skilled labour, established permitting frameworks and proximity to major service centres. It is ~70 kilometres northeast of Tucson and ~180 kilometres southeast of Phoenix. The closest towns to the Complex are San Manuel and Mamoth, both of which are legacy mining townships that historically serviced the past-producing San Manuel mine.

The Redhawk Copper Complex benefits from its location in a mature mining district with established regional infrastructure, including road, rail, gas and power access. Access to the Complex is provided by a network of paved and graded gravel roads, including historical mine roads and ranch access roads.

Approximately 35,000 acres of private land provides important flexibility for future site facilities, access corridors and potential project staging. The private land and local infrastructure allow Faraday to evaluate future facilities, prioritize use of previously disturbed brownfield sites and optimize certain infrastructure components. This approach has the potential to enhance capital efficiency and reduce the overall environmental footprint, subject to future technical studies, permitting and economic evaluation.

Historical resource estimates for the San Manuel project are historical in nature and are not current Mineral Resources or Mineral Reserves under NI 43-101. A qualified person has not completed sufficient work to classify the historical estimates as current, and Faraday is not treating the historical estimates as current Mineral Resources or Mineral Reserves.

Refer to Faraday's technical report titled "Technical Report - San Manuel Property Pinal County, Arizona", filed by the Company on SEDAR+ on July 30, 2026 and available on the Company's website.

Forward-looking statements regarding potential development pathways, production scenarios, infrastructure synergies, resource potential and timing are conceptual in nature and subject to further technical studies, permitting, economic evaluation and other risks and uncertainties.