BHP stake in Faraday Copper set to rise to about 32.5% after San Manuel deal closes
PUBT · 2d ago
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- BHP disclosed it will receive Faraday shares equal to a 30% fully diluted stake at closing of the San Manuel acquisition.
- Including its March 2026 private placement shares, BHP is expected to hold about 138 million shares post-close.
- On a pro forma basis, that would equal 137,959,189 shares, or about 32.5% of shares outstanding, assuming no further issuance.
- BHP currently holds 6,400,000 shares, or about 2.2% on a non-diluted basis.
- Directors and officers agreed to vote about 21.88% of shares in favor of the deal under voting support agreements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Faraday Copper Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607020705ACCESSWRNAPR_____1184913) on July 02, 2026, and is solely responsible for the information contained therein.
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