BHP and Faraday Copper sign letter of intent to explore pathways to unlock US copper basin development
WASHINGTON, D.C., Feb. 20, 2026 (GLOBE NEWSWIRE) -- A wholly-owned subsidiary of BHP Group Limited (“BHP”) and Faraday Copper Corp. (“Faraday”), have signed a non-binding letter of intent (“LOI”) to explore a potential transaction whereby Faraday would acquire 100% of BHP’s San Manuel property in Arizona, USA. In exchange, BHP would receive a 30% interest in the equity of Faraday, and commensurate shareholder and marketing rights. In addition, BHP has agreed to participate in any equity raise by
WASHINGTON, D.C., Feb. 20, 2026 (GLOBE NEWSWIRE) -- A wholly-owned subsidiary of BHP Group Limited (“BHP”) and Faraday Copper Corp. (“Faraday”), have signed a non-binding letter of intent (“LOI”) to explore a potential transaction whereby Faraday would acquire 100% of BHP’s San Manuel property in Arizona, USA. In exchange, BHP would receive a 30% interest in the equity of Faraday, and commensurate shareholder and marketing rights. In addition, BHP has agreed to participate in any equity raise by