# Faraday Copper closes Arizona San Manuel acquisition

> Assets acquired from a BHP subsidiary join Copper Creek; the company plans a 24,000-metre drilling program.

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- Publisher: Newsverum
- Section: Business
- Country: United States
- Published: 2026-10-16T10:36:24+00:00
- Updated: 2026-10-16T10:36:24+00:00
- Event / data period: 2026-10-15
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Faraday Copper said on October 15 that it had closed its acquisition of the San Manuel copper project in Arizona from a wholly owned BHP Group subsidiary. San Manuel adjoins Faraday’s Copper Creek project, and the two now form the Redhawk Copper Complex. As consideration, BHP affiliates received 131,593,046 new Faraday shares; together with shares they already held, BHP’s stake was about 32% after closing.

The company said crews and rigs had been mobilized for an initial 24,000 metres of drilling at the San Manuel and Kalamazoo deposits, aimed at checking historical resource estimates, with drilling expected to begin within days. Those historical estimates are not current resources under present standards, a caveat also stated in the company’s 2026 technical report. Faraday expects updated resource estimates by mid-2027 and a first pre-feasibility study in 2028.

## Data

### Announced initial drilling program at San Manuel

Initial drilling length planned by Faraday Copper to examine historical resource estimates.

Methodology: Transcribes the planned program length in the company's October 15, 2026 release. This is a target, not completed drilling; the historical estimates it is intended to examine are not current resource classifications.

| label | value | unit | period | basis |
|---|---|---|---|---|
| Planned initial drilling length | 24000 | metres | 2026-10-15 | target |

Sources: <https://faradaycopper.com/news-releases/faraday-copper-closes-the-acquisition-of-the-san-manuel-project-in-arizona-and-mobilizes-drill-rigs/> · Download data: [JSON](https://newsverum.com/api/v1/articles/faraday-san-manuel-acquisition-closes-arizona-2026/data/san-manuel-initial-drill-program?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/faraday-san-manuel-acquisition-closes-arizona-2026/data/san-manuel-initial-drill-program?lang=en&format=csv)

## Sources

- [Faraday Copper Corp.](<https://faradaycopper.com/news-releases/faraday-copper-closes-the-acquisition-of-the-san-manuel-project-in-arizona-and-mobilizes-drill-rigs/>) (Source checked: 2026-10-16; Published: 2026-10-15)

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