Faraday headed back to their homeland looking for money, again.
Scotiabank held a mining conference on November 28th and 29th in Toronto. Faraday presented on day 2 (saving the best for last?)
Fun fact, Scotiabank was fined $15 million to settle U.S. Commodity Futures Trading Commission charges and $7.5 million to resolve SEC charges. Here is a copy of the cease-and-desist order.
While Faraday seems to sell this as an exclusive event, a quick search shows that this is similar to the 2023 Precious Metals Summit in Beaver Creek Colorado held back in September. It is where Faraday and several dozen similar junior miners have 10 to 15 minutes to plead their case on why they should get more money.
Faraday updated their corporate presentation for November and I assume that is what they presented. There are only small differences from the October presentation update, but they are listed below.
Click here for the entire November presentation and here for the entire October presentation.
Phase 3 drill results pushed back to 1st half of 2024. Saw that coming, being they are still waiting for approval from BLM.
Market Cap dropped $17.3 million. Cash and equivalent dropped $2.3 million. Most “recent” funding is still back in February. Approaching a year since they have had an infusion of cash.
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