BHP stake in Faraday Copper set to rise to about 32.5% after San Manuel deal closes

BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs

BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs

BHP

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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.


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