Faraday Copper surges on $73M capital raise backed by Lundin, BHP

Faraday Copper’s Copper Creek project, Arizona. Credit: Henry Lazenby Faraday Copper (TSX: FDY) is undertaking a C$100 million ($73 million) private placement backed by investors such as including the Lundin Family Trusts and BHP Group (ASX: BHP) to fund the ongoing development of its projects based in Arizona. Shares of the company surged.In a statement on Monday, the Vancouver-based copper developer said it plans to issue up to 23.81 million common shares at C$4.20 per share, which is the same as its mark ...