FDY) is undertaking a C$100 million ($73 million) private placement backed by investors such as including the Lundin FamilyTrusts and BHPGroup (ASX. BHP) to fund the ongoing development of its projects based in Arizona.
Catherine Raw, Chief Development Officer of BHP, commented, "BHP looks forward to working with Faraday to create a pathway to bring on additional US copper supply to the market.