Faraday Copper Reports First Quarter 2024 Financial Results
Faraday Copper Reports First Quarter 2024 Financial Results
VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY) announces its financial results for the three months ended March 31, 2024.
不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024年5月2日/法拉第銅業公司(“法拉第” 或 “公司”)(多倫多證券交易所股票代碼:FDY)公佈了截至2024年3月31日的三個月的財務業績。
Highlights to Date
迄今爲止的亮點
- Announced approval from the Bureau of Land Management for Notice of Intent to conduct drilling at the Copper Creek Project on May 2, 2024.
- Reported 117.00 metres ("m") at 0.40% copper near surface, including 23.37 m at 0.60% copper at Old Reliable and drilling success continuing at Area 51 on April 10, 2024.
- Reported positive metallurgical results for the Copper Creek Project on February 26, 2024.
- Reported 163.11 m at 0.85% Copper within 380.60 m at 0.62% Copper in the American Eagle Area at the Copper Creek Project on February 21, 2024.
- Reported new mineralized breccias (Starship and Eclipse) 800 metres southeast of the existing Mineral Resource at the Copper Creek Project on January 16, 2024 and March 4, 2024, respectively.
- Announced results for the Copper Creek Project drill program on April 10, 2024, March 4, 2024, February 21, 2024, and January 16, 2024.
- Continued baseline environmental data collection, stakeholder mapping, and generative exploration targeting at the Copper Creek Project to provide a pipeline of future targets through ongoing geological mapping and recently reprocessed and newly acquired geophysical data.
- 宣佈土地管理局於2024年5月2日批准了在銅溪項目進行鑽探的意向通知。
- 報告稱,在地表附近,銅含量爲117.00米(“m”),含銅量爲0.40%,Old Reliable的銅含量爲23.37米(“m”),2024年4月10日繼續在51區成功鑽探。
- 2024年2月26日,銅溪項目報告了積極的冶金結果。
- 2024年2月21日,銅溪項目報告稱,美國鷹地區銅含量爲163.11米,銅含量爲0.85%,銅含量爲0.62%。
- 分別於2024年1月16日和2024年3月4日報告了銅溪項目現有礦產資源東南800米處的新礦化角礫岩(星際飛船和日食)。
- 於 2024 年 4 月 10 日、2024 年 3 月 4 日、2024 年 2 月 21 日和 2024 年 1 月 16 日公佈了銅溪項目鑽探計劃的結果。
- 繼續對銅溪項目進行基線環境數據收集、利益相關者測繪和生成式勘探,通過正在進行的地質測繪以及最近重新處理和新獲得的地球物理數據,提供未來目標管道。
Upcoming Copper Creek Milestones
即將到來的銅溪里程碑
- Ongoing results from the gold assaying program of historical drill core
- Ongoing results from the Phase III drill program
- 歷史鑽芯金化驗計劃的持續結果
- 第三階段鑽探計劃的持續結果
Copper Creek Project Update
銅溪項目最新情況
The learnings from the geological and structural model and the results from the Phase I and Phase II drill programs, along with the recently acquired geophysical and air-borne spectral data sets, and economic criteria defined in the 2023 Copper Creek Preliminary Economic Assessment base case, have contributed to the framework for the Phase III drill program, which commenced in the fourth quarter of 2023. The focus of Phase III drilling will be on expanding the mineral resource, improved delineation of high-grade mineralized zones, and reconnaissance drilling on new targets.
地質和結構模型的經驗以及第一階段和第二階段鑽探計劃的結果,以及最近獲得的地球物理和空中光譜數據集,以及2023年Copper Creek初步經濟評估基礎案例中定義的經濟標準,爲2023年第四季度開始的第三階段鑽探計劃的框架做出了貢獻。第三階段鑽探的重點將是擴大礦產資源,改善高品位礦化區的劃定,以及對新目標進行偵察鑽探。
With extensive historical exploration, over 200,000 metres of drilling and modest past production, significant exploration upside remains. There are several hundred known breccia occurrences mapped at surface, of which less than 40 have been drilled and 17 are included in the Mineral Resource Estimate ("MRE").
憑藉廣泛的歷史勘探、超過20萬米的鑽探和適度的過去產量,仍有巨大的勘探前景。在地表繪製了數百個已知角礫岩礦點,其中鑽探的不到40個,礦產資源估算(“MRE”)中包括了17個。
In the Phase II drill program gold assay results confirmed the potential for gold to occur in economic concentrations in certain phases of the mineralization. Gold is not currently included in the MRE. A sampling program is underway to gather sufficient data coverage for potential gold inclusion in future technical studies. The results from the Childs Aldwinkle and Copper Prince breccias have been returned. The Company is continuing the re-assaying of historical material for potential inclusion of gold in future mineral resource updates. Additional areas are expected to include the Pole breccia and the Keel underground zone, with the Company continuing to evaluate other potential areas.
在第二階段鑽探計劃中,金分析結果證實,在礦化的某些階段,黃金有可能以經濟濃度出現。金幣目前不包含在 MRE 中。一項抽樣計劃正在進行中,以收集足夠的數據覆蓋範圍,以防將來的技術研究中可能包含黃金。Childs Aldwinkle 和 Copper Prince breccia 的結果已經歸還。該公司正在繼續重新分析歷史資料,以確定是否有可能將黃金納入未來的礦產資源更新中。預計其他區域將包括極地角礫岩和龍骨地下區域,該公司將繼續評估其他潛在區域。
The Company has reported results from a metallurgical program focused on grind size optimization that demonstrated the viability of coarse particle flotation, gold recoveries in concentrate and test work on near surface mineralization.
該公司報告了一項以磨礦尺寸優化爲重點的冶金項目的結果,該項目證明了粗顆粒浮選、精礦中的金回收以及近地表礦化測試工作的可行性。
The Company is focusing on exploration at the property while continuing to advance technical studies, environmental data gathering, and stakeholder outreach.
該公司專注於該物業的勘探,同時繼續推進技術研究、環境數據收集和利益相關者宣傳。
Financial Results
財務業績
Three months ended | ||||||||
In Canadian dollars |
March 31, 2024 |
March 31, 2023 |
||||||
Exploration and evaluation expenses |
$ | 4,464,210 | $ | 5,239,030 | ||||
General and administration |
$ | 695,542 | $ | 880,029 | ||||
Share-based compensation |
$ | 269,617 | $ | 690,083 | ||||
Net Loss |
$ | 5,499,835 | $ | 7,167,959 | ||||
Basic and Diluted Loss per Share |
$ | 0.03 | $ | 0.05 |
三個月已結束 | ||||||||
以加元計 |
2024年3月31日 |
2023年3月31日 |
||||||
勘探和評估費用 |
$ | 4,464,210 | $ | 5,239,030 | ||||
一般和行政 |
$ | 695,542 | $ | 880,029 | ||||
基於股份的薪酬 |
$ | 269,617 | $ | 690,083 | ||||
淨虧損 |
$ | 5,499,835 | $ | 7,167,959 | ||||
每股基本虧損和攤薄後虧損 |
$ | 0.03 | $ | 0.05 |
Note: The financial information in this table was selected from the Company's condensed interim consolidated financial statements for the three months ended March 31, 2024 (the "Financial Statements"), which are available on SEDAR+ at and the Company's website .
注意:本表中的財務信息選自公司截至2024年3月31日的三個月的簡明中期合併財務報表(“財務報表”),該報表可在SEDAR+上查閱 和公司的網站 。
Selected Financial Information
精選財務信息
In Canadian dollars |
March 31, 2024 |
December 31, 2023 |
||||||
Cash and Cash Equivalents |
$ | 8,754,699 | $ | 14,901,206 | ||||
Property and Equipment |
$ | 17,058,456 | $ | 16,278,872 | ||||
Resource Properties |
$ | 4,955,328 | $ | 4,955,328 | ||||
Total Assets |
$ | 31,149,468 | $ | 36,592,286 |
以加元計 |
2024年3月31日 |
2023年12月31日 |
||||||
現金和現金等價物 |
$ | 8,754,699 | $ | 14,901,206 | ||||
財產和設備 |
$ | 17,058,456 | $ | 16,278,872 | ||||
資源屬性 |
$ | 4,955,328 | $ | 4,955,328 | ||||
總資產 |
$ | 31,149,468 | $ | 36,592,286 |
Note: The financial information in this table was selected from the Financial Statements, which are available on SEDAR+ at and the Company's website .
注意:此表中的財務信息選自財務報表,可在SEDAR+上查閱 和公司的網站 。
Cash Flow, Liquidity and Capital Resources
現金流、流動性和資本資源
The Company is a resource exploration stage company and does not generate any revenue and has been mainly relying on equity-based financing to fund its operations. As at March 31, 2024, the Company had cash and cash equivalents of $8,754,699 (December 31, 2023 - $14,901,206) and a current assets less current liabilities of $7,233,935 (December 31, 2023 - $12,793,784). During the three months ended March 31, 2024, cash used in operating activities was $5,767,179 (2023 - $7,922,544), cash used in investing activities was $393,496 (2023 - $13,538,439), and cash used in financing activities was $10,486 (2023 - cash provided $39,174,354). Cash used in investing activities was primarily related to the purchase of land at the Copper Creek Project.
該公司是一家處於資源勘探階段的公司,不產生任何收入,一直主要依靠股票融資爲其運營提供資金。截至2024年3月31日,該公司的現金及現金等價物爲8,754,699美元(2023年12月31日爲14,901,206美元),流動資產減去流動負債爲7,233,935美元(2023年12月31日爲12,793,784美元)。在截至2024年3月31日的三個月中,用於經營活動的現金爲5,767,179美元(2023年-7,922,544美元),用於投資活動的現金爲393,496美元(2023年-13,538,439美元),用於融資活動的現金爲10,486美元(2023年-提供的現金爲39,174,354美元)。用於投資活動的現金主要與在銅溪項目購買土地有關。
The Company will need to raise additional funding to finance its day-to-day operations and to enable the Company to achieve its long-term business objectives. On February 14, 2023, the Company completed an equity-based financing for net proceeds of $38,437,854.
該公司將需要籌集額外資金,爲其日常運營提供資金,並使公司能夠實現其長期業務目標。2023年2月14日,公司完成了股權融資,淨收益爲38,437,854美元。
About Faraday Copper
關於法拉第銅業
Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration 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".
Faraday Copper是一家加拿大勘探公司,專注於推進其在美國亞利桑那州的旗艦銅礦項目。Copper Creek項目是北美最大的未開發銅項目之一,具有巨大的區域規模勘探潛力。該公司擁有充足的資金,可以實現其關鍵里程碑,並受益於具有高級礦業公司經驗和專業知識的管理團隊和董事會。法拉第在多倫多證券交易所上市,交易代碼爲 “FDY”。
For additional information please contact:
欲了解更多信息,請聯繫:
Stacey Pavlova, CFA
Vice President, Investor Relations & Communications
Faraday Copper Corp.
E-mail: info@faradaycopper.com
Stacey Pavlova,CFA
投資者關係與傳播副總裁
法拉第銅業公司
電子郵件:info@faradaycopper.com
Cautionary Note on Forward Looking Statements
關於前瞻性陳述的警示性說明
Some of the statements in this news release, other than statements of historical fact, are "forward-looking statements" and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the future drilling and exploration potential of the Copper Creek property.
除歷史事實陳述外,本新聞稿中的一些陳述屬於 “前瞻性陳述”,基於管理層截至發表此類陳述之日的觀點和估計,必然基於估計和假設,這些估計和假設本質上受已知和未知風險、不確定性和其他因素的影響,這些因素可能導致法拉第的實際業績、活動水平、業績或成就與此類前瞻性陳述所表達或暗示的重大差異。此類前瞻性陳述和前瞻性信息特別包括但不限於有關Copper Creek地產未來鑽探和勘探潛力的陳述。
Although Faraday believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.
儘管法拉第認爲此類前瞻性陳述中表達的預期是基於合理的假設,但此類陳述不應以任何方式被解釋爲未來業績的保證,實際業績或發展可能存在重大差異。因此,讀者不應過分依賴前瞻性陳述或信息。
Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as "Risk Factors" included in Faraday's disclosure documents filed on and available at .
可能導致實際業績與前瞻性陳述存在重大差異的因素包括但不限於:金屬的市場價格;詳細可行性和技術分析的結論;低於預期的資源等級和數量;獲得監管部門的批准;獲得股東批准;採礦率和回收率;重大資本要求;大宗商品現貨和遠期市場的價格波動;匯率波動;稅收;管制、監管以及政治或經濟方面法拉第開展或可能開展業務的國家的事態發展;礦產勘探和開發的投機性質、競爭;關鍵員工流失;勞動力、供應、燃料和設備成本上漲;當前勘探或開墾活動的實際結果;事故;勞資糾紛;礦產索賠或財產所有權的缺陷或對礦產索賠的競爭;與諮詢和容納土著人民和其他群體的權利相關的意外延誤和成本;不確定性,和與獲得和維持必要的執照、許可證和授權以及遵守許可要求(包括與Copper Creek房產相關的許可要求)相關的意外延遲;以及法拉第未來收購的不確定性。此外,還存在與礦產勘探、開發和採礦業務相關的風險和危害,包括環境事件和災害、工業事故、異常或意外地層、壓力、塌方、洪水、保險不足或無法獲得保險來承保這些風險的風險,以及法拉第披露文件中包含的 “風險因素”,這些文件載於法拉第的披露文件中。
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this press release, and any representation to the contrary is an offence.
本新聞稿不構成向在任何司法管轄區內向任何非法提供此類要約或招標的人出售或徵求購買任何證券的要約。本新聞稿在加拿大、美國或任何其他司法管轄區的法拉第不是,在任何情況下也不得解釋爲招股說明書、發行備忘錄、廣告或證券公開發行。加拿大或美國的證券委員會或類似機構均未審查或以任何方式通過本新聞稿,任何與此相反的陳述均構成犯罪。
SOURCE: Faraday Copper Corp.
來源:法拉第銅業公司
譯文內容由第三人軟體翻譯。