{"url":"https://newsforagent.com/news/2026-10-31/faraday-copper-nemesia-stake-dilution","markdown_url":"https://newsforagent.com/news/2026-10-31/faraday-copper-nemesia-stake-dilution.md","title":"Faraday Copper Stake Falls to 13.25% After Nemesia Buy","headline":"Nemesia Buys 971,830 Faraday Copper Shares but Stake Falls to 13.25% on San Manuel Issuance","description":"Nemesia bought 971,830 Faraday Copper shares for C$4.34 million, yet its stake fell to 13.25% after Faraday issued shares for the San Manuel project.","section":"Business","published_at":"2026-10-31T00:18:19+00:00","modified_at":"2026-10-31T00:18:19+00:00","author":"News Desk","key_takeaways":["Nemesia S.à.r.l acquired 971,830 Faraday Copper common shares at Cdn$4.4622 each for a total of Cdn$4,336,500.00 on October 28.","Nemesia's holding fell from 19.11% to 13.25%, a net decrease of about 5.86%, after Faraday issued 131,593,046 consideration shares for the San Manuel Project.","Nemesia now holds 57,010,835 Faraday Copper common shares, or approximately 13.25% of the issued and outstanding shares."],"companies":[{"name":"Faraday Copper","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004xh7/faraday-copper","website":"https://faradaycopper.com"}],"source":{"publisher":"TradingView","title":"NEMESIA SARL ACQUIRES SHARES OF FARADAY COPPER CORP. AND IS IMPACTED BY PASSIVE DILUTION","url":"https://www.tradingview.com/news/prnewswire:20578fb15cc72:0-nemesia-sarl-acquires-shares-of-faraday-copper-corp-and-is-impacted-by-passive-dilution/"},"other_sources":[],"tags":["Business","Faraday Copper"],"body_markdown":"Nemesia S.à.r.l acquired 971,830 common shares of [Faraday Copper](https://akta.pro/company-profiles/0004xh7/faraday-copper) Corp. at Cdn$4.4622 each for a total of Cdn$4,336,500.00 on October 28, while its stake in the company fell from 19.11% to 13.25%. [TradingView](https://www.tradingview.com/news/prnewswire:20578fb15cc72:0-nemesia-sarl-acquires-shares-of-faraday-copper-corp-and-is-impacted-by-passive-dilution/) carried the announcement on October 30.\n\n## Nemesia's Purchase and the San Manuel Share Issuance\n\nNemesia, a company controlled by trusts settled by the late Adolf H. Lundin, bought the shares through the facilities of the Toronto Stock Exchange. The purchase alone did not trigger a reporting requirement, according to the announcement.\n\nFaraday issued 131,593,046 consideration shares out of treasury at a deemed price of 4.9995 in connection with its acquisition of the San Manuel Project. That issuance, together with other movements in the ordinary course of business, produced a passive dilution of about 5.86% net for Nemesia.\n\nNemesia now holds 57,010,835 common shares, or approximately 13.25% of Faraday's issued and outstanding common shares. Nemesia said it acquired the shares for investment purposes and may make future investments in or dispose of shares depending on Faraday's business and prospects and future market conditions.\n\nFaraday Copper is a Vancouver-based copper developer whose assets include the Copper Creek Project and the adjacent San Manuel property in Arizona, according to akta.pro [company records](https://akta.pro/company-data). The company is pre-revenue, and its Copper Creek Project has Measured and Indicated resources of 421.9 million tonnes at 0.45% copper grade, or 4.2 billion pounds, the same records show.\n\n## Faraday's Path to the San Manuel Closing\n\nFaraday closed the San Manuel acquisition on October 15, and BHP affiliates came to hold approximately 32% of the company through shares issued as consideration valued at $657.9 million, TradingView reported. Faraday also mobilized drill rigs at the project adjacent to Copper Creek.\n\nShareholders approved the share issuance tied to the acquisition at a special meeting on August 25, with 188,209,061 of 188,256,206 votes cast in favor, a 99.97% majority, Stock Titan reported. Faraday had filed its management information circular for the meeting on July 31, Stock Titan reported.\n\n## What Comes Next for Faraday Copper\n\nFaraday said in its October 15 announcement that it had mobilized drill rigs at San Manuel. Nemesia said it may make further investments in or disposals of Faraday shares depending on the company's business and prospects and future market conditions.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}