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Faraday Copper
Faraday Copper, led by CEO Paul Harbidge, develops the district-scale Copper Creek project in Arizona with a 1.3B-lb indicated copper resource.
Faraday Copper
Faraday Copper formed in 2012 as a copper-focused exploration and development company, listing on the Toronto Stock Exchange under the ticker FDY with an operational headquarters in Vancouver. CEO Paul Harbidge, a geologist with prior senior roles at Goldcorp and Randgold Resources, took the helm to advance the company's flagship asset, the Copper Creek project in Arizona. The wealth origin is corporate equity; the firm raises capital from public markets rather than a single-family fortune. The strategy centers on a single asset: the Copper Creek project in the prolific Laramide porphyry copper belt of southeastern Arizona. Faraday is not a diversified fund; it is a pure-play mine developer. The asset hosts a 2023 updated mineral resource estimate of 1.3 billion pounds of indicated copper and 887 million pounds of inferred copper across multiple breccia and porphyry deposits (per technical report, 2023). Work focuses on expanding this resource through a multi-year drill program while de-risking the project with metallurgical testing, mine planning, and baseline environmental studies toward a feasibility study. The project sits on a mix of patented claims, unpatented mining claims, and state exploration permits, covering over 12 square miles. The firm had approximately C$35 million in cash as of late 2024 and no revenue, consistent with pre-production exploration companies. In addition to Paul Harbidge, the technical bench includes COO Alan Pangbourne, who previously managed mine operations at SSR Mining and was part of the team that sold Torex Gold's Morelos project. In 2024, Faraday released drill results from the American Eagle area at Copper Creek showing intercepts of 1.5% copper over 35 meters, extending the known mineralization at depth (per Faraday Copper news release, November 2024). Faraday's structural differentiator is the deposit's location and surface footprint. The project holds private land through patented claims, which reduces federal permitting friction compared to competitors operating solely on public land in the United States. The geology is a root-to-shoot mineralized system: near-surface high-grade breccias feed into a deeper porphyry source, allowing the company to target both early-cash-flow starter pits and a long-life bulk-tonnage operation — a dual-phase development path most junior explorers cannot offer.
General information
Firm type
Asset Manager
Year founded
2012
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Vancouver
Corporate office
Vancouver, BC, Canada
Additional offices
Toronto, ON, Canada
Principals
Paul Harbidge
President and CEO
Graham Downs
CFO
Sector focus
Frequently asked questions
Who runs Faraday Copper's technical and corporate strategy?
Paul Harbidge, President and CEO, leads the company. He is a geologist by training and previously held senior exploration roles at Goldcorp and Randgold Resources. The technical team includes COO Alan Pangbourne, who brought operational experience from SSR Mining. The group has deep credentials in porphyry copper systems and open-pit mine development.
What is the Copper Creek project and where is it located?
Copper Creek is a porphyry copper-molybdenum project in Pinal County, Arizona, within the Laramide copper belt. It hosts indicated resources of 1.3 billion pounds of copper across breccia-hosted and porphyry-hosted mineralization. The project lies on a mix of private patented claims and public mining claims covering over 12 square miles, roughly 70 miles northeast of Tucson.
Does Faraday Copper generate revenue currently?
No. Faraday Copper is a pre-revenue exploration and development company. It funds its activities through equity raises on the Toronto Stock Exchange. As of late 2024, the firm had approximately C$35 million in cash and no operating income, which is standard for junior mining companies advancing a project toward feasibility.
How does Faraday Copper's permitting position differ from other US copper juniors?
A significant portion of the Copper Creek land package is held as patented claims — private land acquired from historic landowners and earlier operators. This private-land component reduces federal permitting complexity under US mining law, giving Faraday a potential timeline advantage over peers operating entirely on unpatented federal claims that require full NEPA environmental review.
What is the investment thesis for Faraday Copper beyond the current resource?
The thesis rests on resource growth and jurisdictional safety. The 2024 drill program at the American Eagle and other breccia targets has extended high-grade zones at depth and along strike, suggesting the resource base is open for expansion. Because the deposit sits in Arizona — a Tier-1 mining jurisdiction with existing infrastructure and a skilled workforce — the company markets itself as a way to own a large-scale US copper option during a period of projected global supply deficits driven by electrification and grid build-out.
Is Faraday Copper a single-family office or a family-backed vehicle?
No. Faraday Copper is a publicly traded mineral exploration company listed on the Toronto Stock Exchange (FDY). Its capital comes from institutional and retail equity investors, not from a single family's wealth. It has a conventional corporate structure with a board of directors and standard public-company governance.
What is Faraday Copper's relationship to the original Faraday mine in Bancroft, Canada?
None. The Canadian Faraday mine was a historic uranium mine in Ontario operated in the 1950s and has no connection to Faraday Copper. The name is a reference to Michael Faraday, the British scientist who discovered electromagnetic induction — a nod to copper's role in electrification — and has been adopted independently by the Arizona-focused company.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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